Uzbekistan issues first crypto licenses to two local ‘crypto stores’
Starting from January 2023, only licensed cryptocurrency firms will be allowed to provide cryptocurrency trading services to Uzbek citizens. Go to Source Powered by WPeMatico
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Bybit launches $100M support fund for institutional traders
Institutional trading firms have faced financial losses and operational difficulties in the wake of the FTX collapse. Go to Source Powered by WPeMatico
OKX releases Proof of Reserves page, along with instructions on how to self-audit its reserves
The page includes a “view OKX reserves” option that provides reserve ratios for BTC, ETH, and USDT at a glance. Go to Source Powered by WPeMatico
Sam Bankman-Fried is ‘deeply sorry’ for collapse in letter to FTX team
The former CEO described his role in the exchange’s downfall as a failure in oversight, saying he should have been “more skeptical of large margin positions.” Go to Source Powered by WPeMatico
US Sen. Elizabeth Warren says crypto will ruin economy —community responds
Elizabeth Warren’s WSJ op-ed, which correlated the fall of the FTX crypto exchange to crypto ruining the entire economy, did not go unnoticed by the online crypto community. Go to Source Powered by WPeMatico
FTX collapse triggers second thoughts on Busan City’s crypto exchange plans
The Busan city administration has signed agreements with multiple crypto firms, including Binance, Huobi Global, Crypto.com, as well as the troubled FTX exchange. Go to Source Powered by WPeMatico
Crypto Twitter reacts to Binance CEO’s deleted tweet about Coinbase’s Bitcoin Holdings
Coinbase CEO Brian Armstrong indirectly addressed CZ’s tweets as “FUD.” Go to Source Powered by WPeMatico
Bitpanda secures crypto licence in Germany, claims to be the first “European retail” crypto investment platform to do so
The other licensees included three European institutional investment platforms and one U.S.-based retail platform. Go to Source Powered by WPeMatico
CoinMarketCap launches proof-of-reserve tracker for crypto exchanges
The tool allows users to monitor exchanges’ reserves through displays of total assets and public wallet addresses, along with the balance and value of the wallets displayed. Go to Source Powered by WPeMatico
SBF, FTX execs reportedly spend millions on properties in the Bahamas
At least 19 properties worth around $121 million were reportedly purchased under FTX’s name, Sam Bankman-Fried’s parents and senior-level executives. Go to Source Powered by WPeMatico