Mon, February 3

FTX-backed African Fintech Chipper Cash’ Valuation Falls to $1.25B

The valuation of Chipper Cash, one of the numerous African fintech businesses funded by the now-defunct FTX, fell from $2 billion to $1.25 billion after the company received investment from the now-defunct crypto exchange. Even as this news broke, reports emerged that Chipper Cash had laid off as many as

December 11, 2022 2 mins read

Binance Clears Stance on Price Fluctuations in Altcoins Linked to 3Commas

While the recent large purchases on Binance are a positive indication for cryptocurrencies, they have caused some alarm in the cryptocurrency world. Since the 3Commas API was leaked, worries have arisen that Binance may be hacked. The cryptocurrency exchange, however, has said that it does not seem to be a

December 11, 2022 2 mins read

Alameda Research Ex-CEO Engages Former SEC Official as Lawyer

Former Alameda Research CEO Caroline Ellison has engaged a former official of the Securities and Exchange Commission (SEC) and law firm WilmerHale to defend her in connection with the continuing investigation into the fatal demise of the cryptocurrency exchange FTX and its trading business Alameda Research. While at the SEC,

December 11, 2022 1 min read

Bitso Exchange Now Offers Chat Remittance Services in Mexico

As time goes on, Ripple’s On-Demand Liquidity (ODL) is becoming more popular in the Latin American cross-border settlement corridor. Bitso, the biggest cryptocurrency platform in Latin America and a client of Ripple, has partnered with remittance service Felix Pago. To allow crypto-powered transfers between the United States and Mexico to

December 10, 2022 2 mins read

Uniswap Foundation Proposes Series of Governance Reforms

The decentralized autonomous organization that runs Uniswap, one of the most popular decentralized places to trade cryptocurrencies, is holding a vote on a set of governance reforms that the Uniswap Foundation claims would simplify voting. According to a post by the foundation’s executive director Devin Walsh. Uniswap will hold a

December 10, 2022 2 mins read

FalconX Admits That 18% Of Its Funds Are Blocked on FTX

FalconX, a cryptocurrency trading firm, announced on Thursday that it had a portion of its assets caught on collapsed crypto exchange FTX. According to the corporation, its assets locked on FTX account for only 18% of its unencumbered cash equivalents. This ratio was within their counterparty exposure limit. FalconX insisted

December 10, 2022 2 mins read

Crypto.com Releases Proof of Reserves Attested by Mazars Group

It is now possible for consumers to confirm that their crypto assets are completely backed (1:1) on Crypto.com’s platform, which is trusted by more than 70 million clients worldwide and is the market leader in regulatory compliance, security, and privacy certifications. Mazars Group, a well-known global audit, tax, and consultancy

December 9, 2022 2 mins read

Hong Kong Incorporates Stringent Legislations For Crypto Exchanges

A new amendment to Hong Kong’s Anti-Money Laundering (AML) and terrorist financing system, which includes virtual asset service providers, was recently enacted by the legislative council. On June 1st, 2023, a new licensing system for virtual asset service providers will go into effect. As a result of recently passed legislation.

December 9, 2022 2 mins read

Three Arrows Co-founder Zhu Su Criticizes FTX’ SBF in Twitter Thread

Three Arrows Capital (3AC) crypto hedge fund co-founder Zhu Su is battling former FTX CEO Sam Bankman-Fried for allegedly manipulating the media and avoiding tough questions. Zhu Su resorted to Twitter today to elaborate on why he has been more active on social media since the FTX disaster. He says

December 9, 2022 2 mins read

Bybit Reveals Decentralized Exchange ApeX Pro Integration

Despite, FTX collapse, centralized cryptocurrency exchange Bybit announced on Thursday that it has joined the decentralized exchange ApeX Pro into its platform, to offer users both types of exchanges on one platform. ApeX Pro is a non-custodial, decentralized exchange, which offers perpetual contracts by utilizing StarkEx, StarkWare’s scalability engine. Now

December 9, 2022 1 min read
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