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As the smoke starts to clear around the massive crater left by the FTX disaster, Ethereum co-founder Vitalik Buterin has shared his thoughts on the ether community’s view of centralization. In related news, CME Group CEO Terry Duffy recalls in March when he called former FTX boss Sam Bankman-Fried an “absolute fraud.” Implosions notwithstanding, Coinbase … Read more
According to analysis from blockchain firm Arkham Intelligence, over 50% of the funds transferred after Nov. 6 were in US pegged stablecoins. Go to Source Powered by WPeMatico
The fallout from the FTX collapse continues to reverberate across the crypto market. Institutions are using this opportunity to short BTC. Go to Source Powered by WPeMatico
Alleged securities violations and connections with retail investors are being investigated by the State of Alabama and several other states. Go to Source Powered by WPeMatico
Regulators failed to regulate, and venture capital firms invested without conducting the proper due diligence. Go to Source Powered by WPeMatico
Following FTX’s downfall, experts believe that centralized exchanges will be faced with increased regulatory scrutiny, potentially eliminating a lot of players from the fray. Go to Source Powered by WPeMatico
Two weeks after its initial pledge for Merkle Tree-backed proof of funds, Binance releases its official response to liquidity transparency. Go to Source Powered by WPeMatico
Turkey’s Financial Crimes Investigation Board has seized assets belonging to Sam Bankman-Fried after launching an investigation into FTX’s affairs in the country. Go to Source Powered by WPeMatico
The chairman of the rural bank Jean Chalopin also happens to be the chairman of Deltec Bank, which has Tether and Alameda both on its client list. Go to Source Powered by WPeMatico
Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to pause withdrawals. He added Luno customers still have access to funds in the savings wallet despite its lending partner’s decision to freeze withdrawals. Customers Retain Access … Read more
