Search
Trouble in the Bahamas following FTX collapse: Report
25.11.2022
The locals say they are having to contend with vacant apartments and the loss of job opportunities, once provided by the collapsed exchange
How bad is the current state of crypto? On-chain analyst explains
25.11.2022
Despite the widespread loss of confidence in crypto following the FTX collapse, Bitcoin's on-chain data gives investors hope
Binance Publishes Its Proof-of-Reserves System for Bitcoin Holdings, Additional Assets Coming Soon
25.11.2022
On Nov. 25, the largest cryptocurrency exchange in terms of daily trade volume, Binance, published its bitcoin proof-of-reserves (POR) system using The Merkle approach. At the time of writing, the snapshot provided by Binance shows the firm’s onchain reserves equate to 582,485 bitcoin, while...
FTX’s collapse could change crypto industry governance standards for good
25.11.2022
Following FTX’s downfall, experts believe that centralized exchanges will be faced with increased regulatory scrutiny, potentially eliminating a lot of players from the fray
Binance publishes official Merkle Tree-based proof-of-reserves
25.11.2022
Two weeks after its initial pledge for Merkle Tree-backed proof of funds, Binance releases its official response to liquidity transparency
Binance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore Confidence After FTX Meltdown
25.11.2022
Binance has committed $1 billion to a crypto industry recovery initiative to restore confidence following the collapse of crypto exchange FTX. Several other crypto companies have joined Binance’s efforts and committed capital for the recovery fund. Crypto Industry Recovery Initiative Launched...
South Korean Crypto Exchanges Delist WEMIX — Token Price Plunges by Nearly 70%
25.11.2022
The Digital Asset Exchange Joint Consultative Body (DAXA), the South Korean association of crypto exchanges, announced on Nov. 24 that the WEMIX token would be delisted. In justifying the decision to delist WEMIX, the association claimed the information provided by the token’s issuer Wemade...
Latam Based Cryptocurrency Exchange Ripio Expands to US
25.11.2022
Ripio, an Argentina-based cryptocurrency exchange, has announced that it will expand its operations to the U.S. The company, which serves more than 4.5 million customers in Latam, received a license in the state of Florida to operate and will start offering its Ripio Select services to companies...
Uzbekistan issues first crypto licenses to two local ‘crypto stores’
25.11.2022
Starting from January 2023, only licensed cryptocurrency firms will be allowed to provide cryptocurrency trading services to Uzbek citizens
Turkey Investigates Former FTX CEO Sam Bankman-Fried for Fraud, Seizes Assets
25.11.2022
The Turkish government has launched an investigation on the former chief executive of failed cryptocurrency exchange FTX, Sam Bankman-Fried. According to local media, the authorities in Ankara have also seized assets belonging to the founder of the troubled coin trading platform. Turkey’s Financial...
Bybit launches $100M support fund for institutional traders
24.11.2022
Institutional trading firms have faced financial losses and operational difficulties in the wake of the FTX collapse
Russia Prepares to Create Government-Controlled Crypto Exchange
24.11.2022
Lawmakers in Russia are drafting legislation that would allow the establishment of a “national cryptocurrency exchange,” local media unveiled. Coins now circulate outside of government oversight and the Russian state is losing budget revenues in the billions of rubles, pointed out one of...
Huobi enhances transparency around HBTC H-Token
24.11.2022
Huobi brings more security and transparency to its wrapped BTC token on the Ethereum mainnet. The venture has announced that it will deploy Chainlink Proof of Reserve to enhance transparency around the HBTC H-Token. Through this update, Huobi will enable the verification of BTC in reserve wallets...
OKX releases Proof of Reserves page, along with instructions on how to self-audit its reserves
23.11.2022
The page includes a “view OKX reserves” option that provides reserve ratios for BTC, ETH, and USDT at a glance
Sam Bankman-Fried is 'deeply sorry' for collapse in letter to FTX team
23.11.2022
The former CEO described his role in the exchange's downfall as a failure in oversight, saying he should have been "more skeptical of large margin positions."
Blockchain VC funding halves in October despite some strong raises
23.11.2022
VC funding continues to decline, but Uniswap bucks the trend by drumming up $165 million in a Series B round
Huobi unveils rebranded image with future roadmap
23.11.2022
Huobi Global has published an announcement on the official website to let the community know that the business has changed its name to just “Huobi.” This is in line with the traditional Chinese value of righteousness. The development comes after Huobi successfully acquired...
US Sen. Elizabeth Warren says crypto will ruin economy —community responds
23.11.2022
Elizabeth Warren’s WSJ op-ed, which correlated the fall of the FTX crypto exchange to crypto ruining the entire economy, did not go unnoticed by the online crypto community
FTX collapse triggers second thoughts on Busan City's crypto exchange plans
23.11.2022
The Busan city administration has signed agreements with multiple crypto firms, including Binance, Huobi Global, Crypto.com, as well as the troubled FTX exchange
Brazilian Exchange Bitpreco to Expand to Banking Services; Bets on Cashback to Counter Crypto Fears
23.11.2022
Bitpreco, a Brazilian cryptocurrency exchange, has decided to extend its functionality to offer banking services through a new platform called Bitybank. The company, which will also open payment and digital account services, plans to attract users to crypto through cashback programs that counter...