Exchange outflows hit historic highs as Bitcoin investors self-custody
Confidence in centralized exchanges appears to be waning as Bitcoin flows into self-custody wallets at near-record levels. Go to Source Powered by WPeMatico
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Crypto exchange Kraken freezes accounts related to FTX and Alameda
Kraken said it froze account access to certain funds “we suspect to be associated with ‘fraud, negligence or misconduct’ related to FTX.” Go to Source Powered by WPeMatico
Kraken CEO Discusses Impact of FTX Failure — Says Damage to Crypto Industry Is Huge, Will Take Years to Undo
The CEO of cryptocurrency exchange Kraken has outlined the impact of FTX’s failure on the crypto industry. After listing multiple red flags, the executive stressed: “The damage here is huge … We’re going to be working to undo this for years.” Crypto Exchange Kraken’s CEO on Damage to Crypto Industry Caused by FTX’s Failure The … Read more
CrossTower revises new offer for Voyager’s assets after FTX’s bankruptcy
Voyager reopened its bidding process after FTX US, the original winner, filed for bankruptcy on Nov. 11. Go to Source Powered by WPeMatico
FTX under investigation in the Bahamas for criminal misconduct – Report
The Bahamas securities regulator and financial investigators are reportedly investigating the collapsed crypto exchange. Go to Source Powered by WPeMatico
SBF’s ‘Truly Trustless’ Protocol — Serum’s Upgrade Authority May Be Tainted, Devs Look to Fork Project
According to Solana’s founder, Anatoly Yakovenko, Serum developers are forking the platform because the “upgrade key to the current one is compromised.” Serum, created by FTX’s Sam Bankman-Fried (SBF), was touted as “completely permissionless,” but now that the exchange has fallen, it’s suspected that Serum’s upgrade authority is tainted. A So-Called ‘Trustless’ Defi Protocol With … Read more
Liquidity hub Serum forked by developers after FTX hack
SRM and MSRM tokens and fees discounts were not changed and were working as before, said developers. Go to Source Powered by WPeMatico
The Mysterious FTX Debacle, Tim Draper’s BTC Price Prediction, More Support for Ripple in SEC Lawsuit — Week in Review
As theories proliferate wildly about the true nature of what happened to failed crypto exchange FTX, little is yet clear to the crypto community. Former CEO of FTX Sam Bankman-Fried has addressed the issue publicly on social media, mentioning a mysterious “sparring partner.” This week, Bitcoin.com News has also provided an in-depth look at the … Read more
$3 billion in Bitcoin left exchanges this week amid FTX contagion fears
It appears that more investors are choosing to self-custody their BTC funds in the wake of the FTX scandal and fallout. Go to Source Powered by WPeMatico
From Mercedes F1 to Miami Heat, Sports Teams Suspend FTX Sponsorships
A string of organizations competing in various sports are pulling out of sponsorship deals with beleaguered cryptocurrency exchange FTX. The coin trading platform had pledged millions of dollars to building up brand recognition among sports fans before it went bankrupt. FTX Sign Being Dismantled as Miami Heat Seeks New Naming Rights Partner for Its Arena … Read more