Author: Tony Pearce
Crypto Exchange Huobi Plans to Change its Brand Name
Reading Time: < 1 minuteHuobi has recently unveiled it plans to change its brad name.
Users File Lawsuit Against Nexo for Blocking $126M in Assets
Reading Time: < 1 minuteNexo has been recently sued by a group of users because of the blocking of the withdrawal of digital assets valued at $126 million.
Crypto Exchange Zipmex Files for Moratorium Extention on Protection From Creditors
Reading Time: < 1 minuteThailand-based cryptocurrency exchange Zipmex has filed a petition with the Singapore court for protection from creditors until April 2, 2023.
Ripple May Purchase Some of FTX’s Assets
Reading Time: < 1 minuteRipple is considering options for acquiring a part of the assets of crypto exchange FTX.
Binance in Talks with Regulators About Company’s Role FTX’s Collapse
Reading Time: < 1 minuteRegulators from all over the world are trying to find out whether crypto exchange Binance played a role in the collapse of crypto derivatives platform FTX.
FTX’s Bahamas Division Files for Bankruptcy in the US
Reading Time: < 1 minuteFTX Digital Markets (FDM), the subsidiary of FTX based in Bahamas, has filed for Chapter 15 bankruptcy in the Southern District of New York.
According to Sam Bankman-Fried, the Situation Could Be Even Worse
Reading Time: < 1 minuteThe former CEO of crypto exchange FTX has admitted that events could have developed in a more dramatic manner.
Binance Intends to Release a Recovery Fund for the Crypto Industry
Reading Time: < 1 minuteBinance plans to launch a fund to reduce the cascading negative impact of the FTX collapse on the industry.
Unknown Users Withdraw More than $400M from FTX
Reading Time: < 1 minuteUnknown users have transferred more than $400 million from FTX accounts to third-party addresses.
Binance Discloses Information About its Crypto Reserves
Reading Time: < 1 minuteA page with a list of the exchange’s cryptocurrency reserves has appeared on the Binance website.
Tether Freezes FTX’s $46M in USDT
Reading Time: < 1 minuteTether Limited has blocked 46,370,701 USDT on the Tron blockchain, owned by FTX, at the request of law enforcement agencies.
Circle’s CEO Compares FTX’s Crisis to Lehman Brothers’ Crash
Reading Time: < 1 minuteThe insolvency of FTX is comparable to the collapse of the Lehman Brothers investment bank, which was the catalyst for the 2008 crisis.
Binance Increases its SAFU Fund to $1B
Reading Time: < 1 minuteBinance has increased its SAFU fund to $1 billion amid market turbulence caused by FTX’s insolvency, according to the platform CEO Changpeng Zhao.
Crypto Lending Platform BlockFi Unveils Savings Accounts for Accredited Investors
Reading Time: < 1 minuteCrypto lending platform BlockFi has resumed providing services related to Yield savings accounts to US residents.
Astar Network and NTT Docomo Work Together to Speed Up Web3 Adoption
Reading Time: < 1 minuteNTT Docomo and Astar Network have announced they have entered into a partnership to accelerate the adoption and social implementation of Web3.
Vitalik Buterin Releases New Ethereum Roadmap
Reading Time: < 1 minuteVitalik Buterin has recently published an updated roadmap for Ethereum development.
Bakkt Plans to Buy Apex Crypto Platform for $200M
Reading Time: < 1 minuteBakkt has recently signed a definitive agreement to acquire Apex Crypto from Apex Fintech Solutions in a $200 million deal.
Blockchain Association Backs Ripple in Case Against SEC
Reading Time: < 1 minuteNon-profit organization Blockchain Association has supported Ripple in a lawsuit with the US Securities and Exchange Commission (SEC).
Changpeng Zhao Warns About Phishing Sites Promotion on Google
Reading Time: < 1 minuteBinance CEO Changpeng Zhao has noticed that Google search results promote phishing sites targeting cryptocurrency users.
WisdomTree Assets in Crypto-based Products Fall by 36% to $178 Million
Reading Time: < 1 minuteThe weighted average volume of assets in crypto products of the management company WisdomTree fell by 36% compared to the second quarter.
Web3 Platform Lens Protocol Resumes Operations After Recent Crash
Reading Time: < 1 minuteLens Protocol has recently recovered after Polygon’s gas restrictions and third-party relay overload caused a transaction processing problem.
LN-based Kollider Exchange is Launched
Reading Time: < 1 minuteCrypto company Kollider has recently launched a derivatives exchange in the Lightning Network ecosystem after closing a $2.35 million seed round.
Bitcoin Fund From ProShares Experiences Record Amount of Losses for ETF Industry in a Year
Reading Time: < 1 minuteProShares’ first US BTC futures ETF lost $1.2 billion in investors’ investment in a year.
The Valuation of a16z’s Crypto Fund Falls by 40%
Reading Time: < 1 minuteThe cryptocurrency investment fund launched in 2018 by venture capital firm Andreessen Horowitz received a negative revaluation of 40% in the first half of the year.
DEX BlazeSwap Announces it is Launching on Flare Network
Reading Time: < 1 minuteBlazeSwap has recently announced it is launching on Flare Network.
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