Will FTX’s ill wind reach the Global South? Maybe not
In Latin America, “crypto is functional, it has a real utility.” It can hedge inflation, provide access to dollars and internationalize wealth. Go to Source Powered by WPeMatico
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Alameda had ‘unfair’ trading advantage, special access to FTX funds: CFTC filing
CFTC court filing outlines a murky relationship between FTX and Alameda Research, highlighting the latter’s unfair trading advantage and misappropriation of user funds. Go to Source Powered by WPeMatico
Crypto community members discuss Bank-run on Binance
According to CEO Changpeng “CZ” Zhao, Binance has seen outflows of an estimated $1.14B from its exchange Go to Source Powered by WPeMatico
Binance net withdrawals topped $3.6B over the last 7 days: Report
The sudden uptick in outflows may have been caused by market makers leaving the exchange. Go to Source Powered by WPeMatico
Is DeFi back? GMX rallies toward all-time high and LOOKS price gains 30%
GMX and LOOKS price pulled off double-digit rallies in the last week as former BitMEX CEO Arthur Hayes revealed his investment thesis for both projects. Go to Source Powered by WPeMatico
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
$75M worth of FTX’s political donations at risk of being recalled due to bankruptcy: report
To distance themselves from the failed exchange, some politicians have already resorted to donating funds they received from FTX to charity. Go to Source Powered by WPeMatico
Bitcoin’s bear market is far from over, but data points to improving investor sentiment
Crypto investor sentiment saw a slight upswing, but the potential of a deep liquidity crisis in the sector could keep investors at bay. Go to Source Powered by WPeMatico
Paxful CEO preaches Bitcoin self-custody, advises against crypto exchange
While some execs chose to double down on assuring the funds’ safety on their platforms, Ray Youssef, the CEO of crypto exchange Paxful, sided with the idea of self-custody. Go to Source Powered by WPeMatico
Binance’s proof-of-reserves raises red flags: Report
Corporate structure, Bitcoin liabilities and internal control quality are among the points of concern. Go to Source Powered by WPeMatico