SBF tried to destabilize crypto market to save FTX: Report
Trades made by Alameda Research were focusing on depeg Tether’s stablecoin. Go to Source Powered by WPeMatico
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Binance suspends trader’s account after complaints on Twitter
Binance CEO Changpeng Zhao said the firm doesn’t want to service “unreasonable” clients. Go to Source Powered by WPeMatico
Bahamian attorneys pursue access to FTX data of international customers
The Bahamian attorneys filed an emergency motion with a Delaware bankruptcy judge requesting access to FTX’s customer database to aid their ongoing investigations. Go to Source Powered by WPeMatico
Data shows the Bitcoin mining bear market has a ways to go
The 2022 bear market is impacting BTC miners in more extreme ways than previous downturns, especially with so many publicly listed miners struggling with their debt obligations. Go to Source Powered by WPeMatico
FalconX says exposure to FTX represented 18% of its ‘unencumbered cash equivalents’
According to the crypto brokerage firm, the 18% ratio fell well within its “counterparty exposure limits.” Go to Source Powered by WPeMatico
Crypto.com releases proof of reserves, showing above 100% for BTC, ETH
The new disclosure page allows skeptical users to self-verify that their assets are included in the report. Go to Source Powered by WPeMatico
Coinbase CEO says trading revenue has fallen to ‘roughly half’ what it was last year
The cryptocurrency exchange had previously reported that it expected losses of $500 million this year amid the bear market. Go to Source Powered by WPeMatico
Crypto consumer protection, proof of reserves bills introduced into US Congress
New York Democrat Ritchie Torres introduced the short bills, which are meant to supplement more comprehensive legislation, earlier this month with little fanfare. Go to Source Powered by WPeMatico
Binance US eliminates trading fees for Ethereum
This announcement comes months after the crypto exchange removed all trading fees for Bitcoin transactions. Go to Source Powered by WPeMatico
Taylor Swift had a $100M FTX sponsorship deal fall apart prior to its bankruptcy: Report
Celebrities in sports and entertainment including comedian Larry David, tennis star Naomi Osaka, NFL quarterback Tom Brady, and NBA point guard Stephen Curry promoted FTX. Go to Source Powered by WPeMatico