Binance proof-of-reserves removed from the auditor’s site
Mazars Group, known for its proof-of-reserve audit services for crypto companies, reportedly removed PoR audits from its site. Go to Source Powered by WPeMatico
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Bitcoin Santa Claus rally, unlikely according to on-chain and derivatives data
Data suggests that BTC’s rally to $18,300 is the only Santa Claus rally Bitcoin will see before the year ends. Go to Source Powered by WPeMatico
Amber Group acquires cryptocurrency platform Sparrow exchange: report
The news comes after Amber Group reportedly pulled back expansion plans due to financial exposure in the FTX collapse. Go to Source Powered by WPeMatico
Here is why Bitcoin price gave back all its intraday gains
BTC price retraced the entirety of its intraday gains after Fed chair Jerome Powell issued hawkish statements in relation to today’s 0.50% interest rate hike. Go to Source Powered by WPeMatico
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
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