Breaking: FTX’s Binance rescue deal falls apart in less than 48 hours
Binance cited allegations of the mishandling of consumer funds and an investigation from regulators as reasons for exiting the agreement. Go to Source Powered by WPeMatico
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Nexo dodges $219M bullet just days before FTX’s solvency crisis
The firm withdrew its remaining balance from FTX at the eleventh hour, and topped weekly fund outflows from the troubled exchange. Go to Source Powered by WPeMatico
MetaMask allows to move tokens on multiple blockchains with new DApp
Bitcoin integration is not on the immediate roadmap for blockchain bridge support via MetaMask Bridges, a MetaMask executive said. Go to Source Powered by WPeMatico
Cryptocurrencies Affect Central Bank Tasks, Dutch Monetary Authority Says, Urges Global Regulation
Convinced that cryptocurrencies are affecting the tasks performed by monetary authorities around the world, the Dutch central bank has urged for comprehensive international regulations. The call comes after research into the development of crypto assets and policy responses. ‘Proper Regulation Indispensable for Risky Cryptos,’ Dutch Central Bank Insists Bitcoin, tether, and other digital coins are … Read more
Alameda Research FTT token transfer from September fuels wild speculations
According to on-chain data, FTT token supply increased by 124.3% on September 8 when 173 million FTT tokens were created by a 2019 ICO contract, and Alameda was the recipient. Go to Source Powered by WPeMatico
Binance tops up SAFU fund at $1 billion amid price fluctuations
Binance CEO CZ took to Twitter to assure users that the crypto exchange’s insurance funds have been topped off at $1 billion as the debacle with FTX rages on. Go to Source Powered by WPeMatico
FTX founder Sam Bankman-Fried removes ‘assets are fine’ flood from Twitter
Sam Bankman-Fried has deleted a Twitter thread where he tried to assure customers that FTX and the assets on the platform were “fine.” Go to Source Powered by WPeMatico
Bank of Russia Suggests Tax Cuts for Long-Term Digital Asset Holders
The Central Bank of Russia is proposing to introduce tax incentives for long-term holders of digital financial assets. The idea has been circulated with a consultation paper published for public discussions on the development of the digital asset market in the Russian Federation. Bank of Russia Talks Regulation in New Report Devoted to Digital Assets … Read more
Coinbase and Kraken experience limited services amid markets turbulence
They are reportedly facing latency issues due to the high level of new user sign-ups and transfers to the platform. Go to Source Powered by WPeMatico
US Treasury redesignates Tornado Cash sanctions, citing North Korea nuclear weapons program
The redesignation of the crypto mixer essentially replaces the U.S. Treasury’s actions from August, establishing sanctions for its role in “enabling malicious cyber activities.” Go to Source Powered by WPeMatico