Because of the widespread impact of FTX’s demise, several U.S. regulatory authorities are now looking into the crypto exchange and other centralized operators. According to Barron’s, regulators in many states are now looking into Genesis Global Capital. As per Alabama Securities Commission Director Joseph Borg, who spoke with Barron’s, “several
The Merkle tree Proof of Reserves (PoR) protocol was just announced by Binance, the largest crypto exchange. To better show users where their money is going, Binance says this new function is a must-have. According to a recent tweet from WuBlockchain. The exchange plans to begin rolling out this capability
Binance contributed another $1 billion to industry recovery initiatives on November 24. And the fund was raised to the tune of $2 billion to protect the crypto firms’ recovery. Furthermore, Binance CEO Changpeng Zhao “CZ” indicated that all funds are in BUSD. Yesterday, #Binance allocated ANOTHER $1 billion to the
Matrixport Technologies Pte, one of Asia’s largest crypto lenders, is attempting to seek $100 million in new capital at a $1.5 billion value. Due to the FTX crash, big crypto lenders like BlockFi and Genesis have been experiencing a severe shortage of available funds. Financial backers have pledged at least
The current crypto market is indeed quite complex, and in other words boring with the markets being propagatively low. With lesser activities, the market is on a whole completely drunk and wasted. The situation is not far different for even the largest global crypto exchange, the Binance. Accordingly, on November
The newest update is that Singaporean authorities are looking into allegations of fraud and deceit against cryptocurrency lender Hodlnaut Pte. The struggling crypto lender’s operations have been strained along with the rest of the market in this crypto winter. With the collapse of the Terra ecosystem earlier this year, Hodlnaut
Genesis Global Capital, a lending division of Genesis Trading, temporarily halted withdrawals at the end of last week. The parent business, Digital Currency Group, said that they made the call because of the “extreme market dislocation” and “loss of industry confidence” that FTX’s collapse created. The corporation promptly applied for
According to the CEO of Pershing Square Capital Management, the contested cryptocurrency project Helium can gain intrinsic value over time. Billionaire investor and hedge fund manager Bill Ackman is bullish on cryptocurrencies, despite the collapse of one of the world’s top crypto exchanges. According to one of Tradefi’s most well-known
The investigation into cryptocurrency exchanges concerning the listing of their internally-issued tokens has been launched by the Korea Financial Intelligence Unit (KoFIU), South Korea’s authority on financial matters. A price drop in its token, FTX Token, led to the bankruptcy filing of the cryptocurrency exchange FTX and its 130 associate
Bitcoin.com has announced the launch of a new initiative to promote decentralized finance and self-custody while compensating those who have lost out due to the failure of centralized crypto companies. The VERSE wallet token, which will be released by Bitcoin.com in December, will be used to fund the CEX Education
