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
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$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
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
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