Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
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.
SkyBridge Fund Had $10M Investment in FTT Tokens
Reading Time: < 1 minuteThe SkyBridge fund invested about $10 million in FTT tokens.
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.
JPMorgan: Investors Are Leaving Crypto Industry
Reading Time: < 1 minuteThey have recorded a sharp decline in the capitalization of fiat-backed digital currencies, which suggests investors are leaving the crypto sphere.
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.
German Regulator Says Banks Are Not Too Interested in Cryptos
Reading Time: < 1 minuteThe interest of German banks in offering cryptocurrency trading to customers appears to be limited.
LFG Used $2.8B Fund to Bail Out UST
Reading Time: < 1 minuteThe organization spent about $2.8 billion in reserve fund to protect TerraUSD (UST).%%title%%
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.
Paradigm: “We Should Not Have Invested in FTX”
Reading Time: < 1 minuteAccording to Matt Huang, Paradigm’s co-founder and managing partner, the company “deeply regrets” its investment in cryptocurrency exchange FTX.
Russia and Cuba May Use Cryptocurrencies to Avoid Sanctions
Reading Time: < 1 minuteTo carry out mutual settlements bypassing such restrictions, countries can use digital currencies.
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.
1inch Network Releases 5th Version of its Liquidity Aggregator Protocol with Decentralized Exchanges
Reading Time: < 1 minuteDeFi project 1inch Network has recently launched the fifth version of the liquidity aggregator protocol with DEX.
US Treasury Secretary Janet Yellen Believes FTX’s Crash Shows How Weak the Crypto Industry Is
Reading Time: < 1 minuteJanet Yellen has said the FTX incident has showed that the cryptocurrency industry needs “very careful regulation.”
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.
Mining Company Bitfarms Lost $85 Million in Q3 2022
Reading Time: < 1 minuteMining company Bitfarms recorded a net loss of $85 million in Q3 2022.
Crypto Lending Platform Vauld Gets an Extension of Temporary Protection from Creditors
Reading Time: < 1 minuteCrypto lending platform Vauld has achieved an extension of the moratorium on proceedings until January 20, 2023.
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.
NYDIG Chairman: “People Should Choose BTC Over Other Altcoins”
Reading Time: < 1 minuteRoss Stevens has urged participants in the crypto industry to invest exclusively in BTC.
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.
These Are the Most Popular Crypto Scams Since 2018, According to CFPB
Reading Time: < 1 minuteAccording to the US Consumer Financial Protection Bureau (CFPB), romance scams and pig butchering schemes are recognized as the most popular tactics used by bitcoin scammers.
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.
MiCA Bill Should Simplify the Work of Crypto Companies in Europe
Reading Time: < 1 minuteThe MiCA cryptocurrency regulation bill will benefit small digital asset companies.
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.
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