Zodia Custody launches service to protect users’ crypto from exchange insolvency
The new service, Interchange, will provide an alternative to the pre-funding and margin models of cryptocurrency exchanges. Go to Source Powered by WPeMatico
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Security in crypto comes from liquidity or the lessons we learned after FTX
Following the FTX fiasco, retail and institutional investors alike are now looking to draw valuable conclusions. Go to Source Powered by WPeMatico
Gate.io pledges $100M to revive crypto and rebuild investor confidence
With investors moving their funds away from exchanges into self-custody, market liquidity concerns are an immediate threat to struggling crypto businesses. Go to Source Powered by WPeMatico
Michael Saylor on the FTX fiasco: ‘Unethical and illegal from the very beginning’
Saylor calls SBF the “poster child of the crypto world” while breaking down his antics, which ultimately brought the downfall of his empire. Go to Source Powered by WPeMatico
Maple Finance cuts ties with Orthogonal Trading over alleged misrepresentation of finances
Maple’s decision comes after Orthogonal Trading admitted on Dec 3 that it was unable to meet loan repayments following the collapse of FTX and its partner Alameda. Go to Source Powered by WPeMatico
Audit firm Mazars to verify KuCoin’s Proof-of-Reserves
Mazars, the former accounting firm for Donald Trump’s companies, was hired recently to audit Binance’s PoR. Go to Source Powered by WPeMatico
AAX clients storm exchange’s office in Lagos following operational halt
A group of angry users attacked crypto exchange employees after withdrawals were halted, according to local media. Go to Source Powered by WPeMatico
Regulators face public ire after FTX collapse, experts call for coordination
U.S regulators and their failure to avoid another crypto contagion have raised a lot of questions over their credibility. Go to Source Powered by WPeMatico
Bybit announces second round of layoffs in 2022 to survive bear market
Ben Zhou, the co-founder and CEO of Bybit, announced a reorganization plan amid a prolonged bear market, which involves a steep reduction in the workforce. Go to Source Powered by WPeMatico
Crypto lender Genesis allegedly owes $900M to Gemini’s clients: Report
The issue is tied to the Gemini Earn program, which offers 8% earn interest on crypto lending and is operated by Gemini in partnership with Genesis. Go to Source Powered by WPeMatico