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FTX Aims to Retrieve Sam Bankman-Fried's Political Donations Worth Tens of Millions
20.12.2022
The collapsed crypto exchange FTX has started work to claw back money paid as political donations as part of its bankruptcy proceedings in the US.
The donations, which were made at the direction of FTX founder and former CEO Sam Bankman-Fried, amounted to hundreds of millions of dollars, several...
Binance.US Announces $1 Billion Acquisition of Bankrupt Crypto Company Voyager Assets – This is What You Need to Know
20.12.2022
Binance.US, the American franchise of the global crypto exchange Binance, will buy up remaining assets from the now-bankrupt crypto lender Voyager Digital as part of a newly announced and surprising deal.
The deal between the two companies values Voyager at about $1bn, and means that Binance.US...
Visa experts march ahead with new innovative ways to strengthen Web3 & Blockchain
20.12.2022
In the present scenario, Visa has deployed a team of professional engineers and researchers who are actively engaged in putting their minds together to closely study matters related to the foundations of the different blockchains. Part of the research and analysis is based on facts related...
Legendary ‘The Big Short’ Investor Michael Burry Believes Binance Crypto Exchange Audit Is Meaningless – Here's Why
19.12.2022
Audits of Binance and other crypto exchanges are “essentially meaningless” since auditors don’t know how to deal with crypto, according to Michael Burry, the legendary investor who inspired the movie ‘The Big Short’.
According to Burry, this is the same problem as he was facing himself in 2005...
Leading Crypto Exchange Reports Outage for Several Hours with Deposits and Withdrawals Affected – Here’s What Happened
19.12.2022
OKX has released an update regarding its recent outage that existed for around seven hours, saying that it was due to hardware issues with its cloud service provider.
On December 18, the cryptocurrency exchange was hit with an outage that hindered customers from opening or closing a trade...
Cardano Founder Charles Hoskinson Calls XRP Army ‘Toxic’ and ‘Petty’ – Here’s What Happened
19.12.2022
Cardano founder Charles Hoskinson has called the XRP community "toxic and petty" while lashing out at the project and arguing that it "provides no partnership or technical value."
Hoskinson, who has been the target of hostile attacks from the XRP community, said in a December 16 video that...
Billionaire Investor Mike Novogratz Says Not All Crypto Exchanges Are Criminal Organizations Like FTX
17.12.2022
Mike Novogratz, CEO of crypto investments company Galaxy Digital, has said not all crypto exchanges are run like the now-collapsed FTX.
In an interview with CNBC’s Squawk Box on December 15, Novogratz said not every crypto boss is trying to steal users' money and that not all crypto platforms...
CryptoQuant's Audit of Binance Reveals No 'FTX-Like' Behavior in Proof-of-Reserves
16.12.2022
An on-chain audit of Binance by the blockchain analytics firm CryptoQuant has concluded that Binance’s reserves of bitcoin (BTC) and other major coins “are not showing ‘FTX-like’ behavior at this point.”
In analyzing the numbers, CryptoQuant said it compared Binance’s BTC liabilities, as stated...
Troubled Crypto Lender Amber Group Raises $300 Million Amid Layoffs and Refocusing Efforts
16.12.2022
Amid the ongoing cryptocurrency market downturn, troubled Asian crypto trading firm Amber Group has managed to collect some $300 million under its series C round, led by the US arm of blockchain-focused venture capital firm Fenbushi Capital US and joined by a number of crypto-native investors...
Crypto Companies Enable Money Laundering, Warns Incoming FCA chair – Regulation Coming Soon?
16.12.2022
Ashley Alder, the incoming chair of the UK’s Financial Conduct Authority (FCA), believes crypto firms are “deliberately evasive” and facilitate money laundering, asking for more regulations.
During a virtual meeting, Alder told UK Treasury members on Wednesday that many crypto platforms...
Rodents and Lack of Toilets Reported at Bahamas Detention Center Where Sam Bankman-Fried Is Being Held
15.12.2022
Fox Hill, the Bahamas detention facility where former FTX CEO Sam Bankman-Fried is held, is known for overcrowding, a lack of toilets, and generally harsh conditions.
Bankman-Fried spent the night at the prison on Wednesday, after appearing in court in the Bahamas on Tuesday. During the court...
Shark Tank Star Kevin O’Leary Slams Binance, Says the Exchange Caused FTX to Collapse on Purpose
15.12.2022
Well-known Shark Tank investor Kevin O’Leary slammed Binance in comments given during a Senate hearing on Wednesday, saying a “war” between FTX and Binance ultimately caused FTX’s collapse.
During the hearing, Kevin O’Leary said Binance and FTX were “at war with each other and one put the other...
Trust Wallet integrates with THORChain to support cross-chain swaps
15.12.2022
Trust Wallet was thrilled to announce its integration with THORChain, enabling in-app cross-chain swaps with zero service charges. Users can enjoy cross-chain swaps with ETH, BTC, BUSD Bep 2, and BNB Bep 2 right into the Trust Wallet mobile app. However, this feature is only available on Android...
Senator Warren Takes Aim at 'Rogue Nations' Using Crypto for Terrorism and Sanction Evasion
15.12.2022
Senator Elizabeth Warren has put forward a bipartisan bill that aims to crack down on money laundering loopholes in the crypto industry.
According to a Wednesday report by CNN, Warren, a Massachusetts Democrat, is teaming up with Republican Senator Roger Marshall of Kansas to introduce the...
G20 Governments Working Together to Develop a Unified Cryptocurrency Policy
15.12.2022
The G20 countries plan to create a policy consensus on cryptocurrencies in a bid to better regulate the asset class.
On Wednesday, India’s federal economic affairs secretary Ajay Seth said the G20 countries will study the implications of cryptocurrencies for the economy, monetary policy, and...
Binance Sees Over $3 Billion in Customer Withdrawals in 24 Hours – Here’s What’s Happening
14.12.2022
Binance, the world's largest cryptocurrency exchange, has seen more than $3 billion of net withdrawals over the past day as rumors about alleged problems at the platform spread like wildfire.
According to DeFi TVL aggregator DefiLlama, Binance saw over $4 billion in withdrawals on Tuesday. Prior...
Algorand Inc. chosen as the public blockchain in Italy to support digital guarantees
14.12.2022
Algorand Inc., which happens to be a global and absolute top-of-the-line blockchain-based technology, has been duly chosen to be the public blockchain in Italy. Its prime function will be to stand by an innovative digital guarantee platform. Concerning it, a befitting event was organized in Milan...
Sam Bankman-Fried Has Bail Denied, Remains in Custody of Bahamian Department of Corrections
14.12.2022
Sam Bankman-Fried, the disgraced founder and former CEO of cryptocurrency exchange FTX, has been denied bail by a judge in the Bahamas.
On Tuesday, a Bahamian judge denied SBF bail hours after U.S. prosecutors alleged the crypto boss defrauded customers, misappropriated billions of dollars,...
New FTX CEO: $1 Billion Worth of Assets Have Been Recovered – This is What You Need to Know
14.12.2022
John Ray III, the new CEO of collapsed crypto exchange FTX, has revealed that the new leadership has managed to recover $1 billion worth of assets.
On Tuesday, Ray, a bankruptcy expert who previously oversaw the aftermath of the collapsed energy giant Enron, testified with the US House Committee...
Binance CEO Could be Facing Money Laundering Charges
13.12.2022
Binance and its CEO and founder Changpeng Zhao, better known as CZ, could reportedly be facing charges for money laundering conspiracy and other violations in the US....
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