Mon, February 16

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

Nexo Being Sued by Investor Over $126M Withdrawal

In London, a family of fintech entrepreneurs is suing Nexo, claiming that the cryptocurrency lender restricted their access to up to £107 million ($126 million) in assets and then threatened them into selling it all to Nexo at a 60% discount. City AM said that the brothers Jason and Owen

November 21, 2022 2 mins read

Binance Becomes Biggest BTC Holder!

Binance now officially becomes the largest holder of Bitcoin (BTC) currently, surpassing Coinbase exchange. According to statistical reports from analysts of various firms, Binance is now the exchange with the most BTC reserves. Moreover, this is the first time that Binance has gained this status. The exchange reserve which denotes

November 21, 2022 2 mins read

FTX Japan Reportedly To Resume Withdrawals by Year End

The Japanese branch of cryptocurrency exchange FTX Trading, FTX Japan, is working toward resuming withdrawals by the year’s end. While FTX Japan has temporarily halted withdrawals, an official there indicated on Monday that work is already underway on a new withdrawal procedure. Also, FTX Accounts Drainer keeps transferring crypto assets

November 21, 2022 1 min read

Ripple CEO Interested in Buying Assets From Bankrupt FTX

According to reports, Ripple CEO Brad Garlinghouse is looking into buying assets from defunct cryptocurrency exchange FTX. The conversation, according to Ripple’s CEO, focused on whether or not there were any firms held by FTX that Ripple “would want to own.” Garlinghouse told The Sunday Times on the sidelines of

November 21, 2022 1 min read

FTX Calls Out Other Exchanges For Assistance Over Stolen Funds

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

Ethereum (ETH) Price Falls 8% as FTX Hacker Swaps 30K ETH

Selling pressure was high on Sunday night for the second biggest cryptocurrency in the world, ETH. The attacker who stole $600 million from the FTX exchange was reportedly trading in his Ether for Bitcoin on Sunday, November 20. The hacker exchanged all the stablecoins for Ethereum last week, amassing $288

November 21, 2022 1 min read

FTX Owns More Than $3 Billion To The Top 50 Creditors

Crypto Exchange FTX has filed for bankruptcy in the United States, and CEO SamBankman-Fried has stepped down, following a liquidation issue at the cryptocurrency group that sparked action from regulators around the world. According to the records filed with the Delaware bankruptcy court, the exchange owes 3.1 billion to its

November 21, 2022 1 min read
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