Mon, February 3

Indian Crypto Exchange CoinDCX Releases Proof of Reserve

Coinbase-backed cryptocurrency exchange CoinDCX collaborated with Nansen to provide proof-of-reserves on November 24. This coincided with a rise in the need for exchanges to disclose their business practices among crypto investors worldwide. The information offers an overview of CoinDCX’s overall financial position. Including its token and protocol distribution, asset value,

November 24, 2022 2 mins read

Crypto Exchange OKX Releases Proof of Reserves For Gaining Trust

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

Binance CEO ‘CZ’ Discusses Several Topics Post FTX Fall

In an interview published on Thursday by Bloomberg, Binance CEO Changpeng Zhao “CZ” addressed a wide range of topics. There will be some ripple effect, he predicts, from the FTX crypto exchange’s demise for some time. The CEO of Binance, Changpeng Zhao (CZ), predicted that the fall of FTX will

November 24, 2022 2 mins read

Turkish Authorities Freeze Assets of FTX CEO SBF Amid Investigation

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

Tron Founder Justin Sun Working Towards Buying FTX Assets

Known cryptocurrency advocate Justin Sun recently revealed that he and several investors were looking into buying assets from Sam Bankman-Fried’s failed FTX company. “We are willing to negotiate any kind of a deal.”  Mr. Sun said on Tuesday in Singapore to reporters that he thinks they should weigh all of

November 23, 2022 1 min read

Coinbase CEO Discloses $39.9B Bitcoin Holdings Post FTX Fall

Coinbase CEO Brian Armstrong disclosed the company’s $39.9 billion Bitcoin holdings in a letter to shareholders. The letter was eventually made public following widespread market attempts to be transparent in the wake of the FTX crash. Using Twitter, Coinbase’s CEO announced the Bitcoin total and emphasized the company’s public status.

November 23, 2022 2 mins read

FTX Lawyer Claims Substantial Assets Stolen or Missing During Hearing

During the bankruptcy proceedings, the lawyer for FTX claimed that much of the company’s assets had been stolen or vanished. Unfortunately, the FTX debtors were not adequately governed, according to attorney Bromley. The attorney said the FTX case was “unprecedented” in his opening statement. He further claimed that Sam Bankman-Fried

November 23, 2022 1 min read

Bahamas Court Orders FTX To Pay Remuneration Fees to Regulators

New problems have arisen in the Bahamas, the former home of the collapsed crypto exchange FTX. After the ailing cryptocurrency exchange filed for bankruptcy on November 11. The Supreme Court of Bahamas issued an order in favor of the Securities Commission on November 21. The ruling required the exchange to

November 22, 2022 1 min read

Uniswap To Capture Certain User Data For Better User Experience

Uniswap, a major decentralized exchange, disclosed that it gathers certain user data, such as traders’ device type or browser, but no personally identifiable information. On Monday, the DEX claimed in a blog post that “transparency was key.” And that it was collecting data both off-chain and on-chain to enhance the

November 22, 2022 1 min read

Coinbase Stock Falls to Record Low Following Sluggish Market

On Monday, Coinbase’s stock price dropped to a record low of $40.61. According to CoinGecko statistics, the two biggest cryptocurrencies by market cap, Bitcoin and Ethereum, both declined. Bitcoin dropped 5.5% to $15,665, while Ethereum dropped 8.2% in a day to $1,081. Coinbase has attempted to capitalize on the demise

November 22, 2022 2 mins read
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