DeFi sparks new investments despite turbulent market: Finance Redefined
The last week of November remained turbulent for the crypto market as majority of the DeFi tokens struggled with the market volatility. Go to Source Powered by WPeMatico
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How bad is the current state of crypto? On-chain analyst explains
Despite the widespread loss of confidence in crypto following the FTX collapse, Bitcoin’s on-chain data gives investors hope. Go to Source Powered by WPeMatico
Binance publishes official Merkle Tree-based proof-of-reserves
Two weeks after its initial pledge for Merkle Tree-backed proof of funds, Binance releases its official response to liquidity transparency. Go to Source Powered by WPeMatico
FTX stake in US bank raises concerns about banking loopholes
The chairman of the rural bank Jean Chalopin also happens to be the chairman of Deltec Bank, which has Tether and Alameda both on its client list. Go to Source Powered by WPeMatico
Crypto lender Matrixport seeks $100M funding despite lending crisis
Bitmain-backed crypto lender Matrixport is the other half of a new funding round targeting a $100 million raise. Go to Source Powered by WPeMatico
Uzbekistan issues first crypto licenses to two local ‘crypto stores’
Starting from January 2023, only licensed cryptocurrency firms will be allowed to provide cryptocurrency trading services to Uzbek citizens. Go to Source Powered by WPeMatico
Turkey Investigates Former FTX CEO Sam Bankman-Fried for Fraud, Seizes Assets
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 Intelligence Unit Initiates Another FTX-Related Probe Financial regulators in Turkey have started … Read more
IMF calls for tighter crypto regulation in Africa as the industry unfolds
FTX’s collapse is one of the reasons why countries in the region should adopt regulation, noted the monetary fund. Go to Source Powered by WPeMatico
Polkadot incentivizes its community to fight scams through an “anti-scam bounty”
Polkadot said it rewards community members in a consistent manner with bounties paid in USDC. Go to Source Powered by WPeMatico
Leading Cardano stablecoin project shuts down after excruciating launch delays
Ardana developers claimed back in January that “almost all of the product/smart contract development is finished.” Go to Source Powered by WPeMatico