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
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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
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
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