Changpeng Zhao (CZ), the CEO of Binance, the world’s largest cryptocurrency exchange, has raised new expectations regarding traditional finance. According to the latest tweet thread from CZ, the centralized financing system is expected to have catastrophic consequences. Zhao’s new forecast came after the TradeFi institutions reduced their commitments to cryptocurrencies
The cryptocurrency exchange FTX collapse called the commissioner of the Commodity Futures Trading Commission (CFTC) to stop allowing crypto exchanges to “self-certify” and list tokens in an unregulated way. CFTC commissioner Christy Goldsmith Romero stated that; I urge Congress to avoid permitting newly-regulated crypto exchanges to self-certify products for listing,
According to reports, Genesis , a cryptocurrency lender, plans to file for bankruptcy as early as this week. Since FTX’s demise and bankruptcy in November, bankruptcy filing has been expected. As per certain sources, Genesis was discussing a prepackaged bankruptcy plan with its creditors, which would entail striking a restructuring
The crypto market is witnessing bullish trend alarms. And the cryptos are illuminating with green signs everywhere, and the global market value has climbed to 3.87%. Bitcoin, the world’s largest and first cryptocurrency, has broken through numerous critical resistance levels, reaching its highest point since December. And since the beginning
FTX collapse led to the winding down of cryptocurrency trading and custody services once again in 2022 crypto history. As the crypto market recovers with the start of 2023, Today the global cryptocurrency market turned to bullish price momentum. Also, the market cap of all cryptos increased to $889 billion.
The world’s largest cryptocurrency exchange Binance CEO Changpeng Zhao ‘CZ’, sat down for a round of questions. And CZ answered anything from how to buy a cool Binance sweatshirt to the FTX collapse in an interview video that was released on Binance’s Twitter account on December 27. The CEO of
Study examines sentiment of crypto owners and crypto curious following summer volatility and the collapse of FTX ALPHARETTA, Ga.–(BUSINESS WIRE)–Bakkt Holdings Inc (NYSE: BKKT) (“Bakkt”), a digital asset platform that unlocks crypto and drives loyalty to create delightful, connected experiences for a broad range of clients, today released findings from
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.
Koinly, a crypto tax firm located in the United Kingdom, has announced the layoff of 14% of its worldwide staff to tackle the tough circumstances affecting the cryptocurrency sector and economy at large. There will be a total of 16 layoffs, with CEO Robin Singh citing the worsening bear market
Dogecoin (DOGE) is a popular memecoin with a large user base holding a wide investors community. The main pillar for the coin to emerge and grow in the market is Elon Musk who is known as “Father of DOGE”. In the past few months, Dogecoin continues to plummet marking a
