OKX, a cryptocurrency exchange, has made available a Proof of Reserves page, where customers may verify the sufficiency of the company’s funds. After the demise of FTX, crypto exchanges have been under more monitoring. OKX tweeted and updated its blog about the new page. Users may verify the exchange’s funds
November 24, 2022 2 mins read
The Turkish Treasury and Finance Ministry said on Wednesday that an investigation into allegations of fraud against Sam Bankman-Fried, the former CEO of the cryptocurrency exchange FTX, had begun. To aid with their investigation, Turkish authorities have frozen the accounts of Bankman-Fried and its subsidiaries. The Minister of Treasury and
November 24, 2022 1 min read
Popular games like Minecraft and Grand Theft Auto V have seen fan-driven efforts to include NFTs and crypto tokens alongside completely Web3-native games built around NFTs. In contrast, Microsoft took measures last summer to prevent Web3 features from appearing in Minecraft, and now Rockstar Games has done the same with
November 23, 2022 2 mins read
One of the most infamous cryptocurrency traders in the world, who boasted last month about pocketing over $100 million in a contentious price manipulation move, seems to have lost millions on a similar exploit effort that failed early Tuesday. On-chain information suggests that Avraham Eisenberg, the trader responsible for the
November 23, 2022 2 mins read
After the recent failure of the cryptocurrency exchange FTX, a group of U.S. senators have sent another letter to the financial behemoth Fidelity Investments, urging it not to sell Bitcoin to its clients. The letter was signed by three senators from three different states: Tina Smith of Minnesota, Elizabeth Warren
November 22, 2022 1 min read
Cardano’s first algorithmic stablecoin DJED will be released on the network’s mainnet in January 2023. As stated by the stablecoin’s issuer, COTI. Furthermore, this was announced on Monday at the Cardano Summit 2022 by COTI CEO Shahaf Bar-Geffen. And confirmed by the event’s verified Twitter account. This comes after it
November 22, 2022 1 min read
On Sunday, FTX reached out to other cryptocurrency exchanges for assistance, explaining that stolen monies were being moved from the compromised exchange to third parties wallets. The insolvent firm, now run by John J. Ray III, CEO of FTX, requested that its competitors “take all measures” to recover the money
November 21, 2022 1 min read
FTX, a cryptocurrency behemoth crumbled recently. Due to financial embezzlement and other circumstances, the billion-dollar enterprise has disintegrated. Sam Bankman-Fried provided the audience with an extraordinarily rich picture of FTX. Following the FTX disaster, worldwide officials were apparently in negotiations to adopt global cryptocurrency laws. The waves of the FTX’s
November 21, 2022 1 min read
BBC reported recently that the deportation of Faruk Fatih Ozer was agreed upon between Albanian and Turkish officials and that he has 15 days to challenge the decision. Last year, the 27-year-old and his struggling cryptocurrency trading platform, Thodex, gained headlines when he suspended trading and took the website down.
November 20, 2022 1 min read
As a result of his recent comments on crypto entrepreneur Sam Bankman-Fried, American entrepreneur Michael Saylor has received widespread backlash from the crypto community. The co-founder of MicroStrategy is well-known for his advocacy of Bitcoin’s use in the financial sector. Despite significant unrealized losses as a result of Bitcoin’s recent
November 20, 2022 1 min read
