Canada bans crypto leverage and margin trading after FTX collapse
Now-bankrupt exchange FTX attempted to enter Canada in June 2022, but local regulators have managed to prevent the mess. Go to Source Powered by WPeMatico
Month: December 2022
Report: Chinese Company Launches Digital Currency Insurance Product
The Suzhou branch of the Chinese insurance company China Pacific Insurance, together with the Bank of Communications, recently announced the launch of a digital currency account insurance product. The launch comes at a time when the number of personal digital currency wallets created in the Chinese city of Suzhou alone now exceeds 30 million. Insurance … Read more
Bahamas reportedly asked SBF to mint new coin after FTX collapse
The FTX collapse has reportedly fueled a major international legal dispute between the United States and the Commonwealth of the Bahamas. Go to Source Powered by WPeMatico
Panther Completes the Decentralized Launch of Its Protocol’s v0․5, a DAO-Led Effort
PRESS RELEASE. Panther, a cross-chain application that will allow retail users as well as institutions to access DeFi privately and compliantly, has launched its v0.5. This was achieved by the protocol’s community in conjunction with Panther Ventures Limited, a Web3 development company destined to develop the blockchain technology and zero-knowledge components of Panther. Panther Ventures … Read more
SEC charges FTX CEO SBF for defrauding investors a day after his arrest
SEC has filed charges against the former CEO Sam Bankman-Fried, accusing him of defrauding U.S. customers and concealing the diversion of customers’ funds. Go to Source Powered by WPeMatico
SBF planned to blame everyone but himself, shows leaked Congress testimony
SBF blamed the current CEO, his legal counsel, the law firm he appointed for bankruptcy, and Binance CEO CZ, without admitting any wrong on his part. Go to Source Powered by WPeMatico
SEC looks to intercept Grayscale Bitcoin ETF review bid
The SEC is looking to block an appeal from Grayscale Investments after denying its proposed Bitcoin exchange traded fund. Go to Source Powered by WPeMatico
Bitcoin Miner Terawulf Raises $10M in Fresh Capital to Pay Down Debt, Restructures Deal With Bitmain
On Monday, Dec. 12, 2022, the Maryland-based bitcoin mining company Terawulf announced that the firm has raised $10 million in capital to pay down debts. The firm also said that it restructured a deal with Bitmain which will enable the company’s self-mining capacity to expand and fully leverage the 160 megawatts of Terawulf’s available mining … Read more
Binance exchange daily BTC withdrawals top $500M as CZ says ‘FUD helps us grow’
Bitcoin withdrawals surge as Binance recovers from a media storm and subsequently accusations of suspicious activity. Go to Source Powered by WPeMatico
FTC opposes Microsoft’s metaverse-focused Activision Blizzard purchase
Microsoft CEO and chairman Satya Nadella had previously stated that the acquisition of Activision Blizzard would “play a key role in the development of metaverse platforms.” Go to Source Powered by WPeMatico