The downfall of the FTX led to suffering in the entire crypto market, and the red candle march. The global crypto market has fallen from trillions to billions and it is still trying to recover from the down. At the time of writing, the global market cap is $805.83B and
Cameron Winklevoss, co-founder of Gemini, expressed frustration in an open letter to Barry Silbert, CEO of Digital Currency Group (DCG), about the company’s slow response in regards to stopping Genesis withdrawals. About 340,000 Earn customers are still waiting for withdrawals to be restored, and he addressed their plight. Collectively, the
LONDON–(BUSINESS WIRE)–$CGG #confidentialcomputing–Following the recent FTX debacle, The Decentralized Think Tank released an industry update on the topic of cyber security for crypto exchanges. The report explores the importance of confidential computing in securing the future of crypto exchanges, alongside naming a number of emerging leaders in the field, including:
To prevent a devaluation of the bolivar, the Venezuelan government plans to monitor P2P cryptocurrency transactions. On December 20th, Venezuela’s banking watchdog Sudeban said that, with the support of Sunacrip, the country’s cryptocurrency regulator, it is developing a system to monitor financial transactions in real-time. While specifics were lacking. The
This past Thursday, the Reserve Bank of India (RBI), India’s central bank, published its monthly Financial Stability Report (FSR) for the month of December. The 172-page report touches on topics including blockchain-based assets, CBDCs issued by governments, and decentralized finance (DeFi). The RBI report acknowledges the difficulty of attempting to
After being the first African nation to legalize bitcoin over eight months ago. The Central African Republic (CAR) has announced it would not list its “Sango” digital currency. Sango Coin’s marketing staff apparently made the announcement in a Telegram channel, citing “current market conditions” as the reason. The CAR group
According to Chinese journalist Colin Wu, popular cryptocurrency exchange Huobi will lay off a large chunk of its personnel and reduce the compensation of top employees. Reportedly, the business plans to lay off between 600 and 800 workers, down from its current headcount of 1,200, the report said. Furthermore, the
Ethereum was created on July 30, 2015, and it is the second-largest cryptocurrency. Since its inception, the price of Ethereum (ETH) has fluctuated between highs and lows, and it is the home of smart contracts and decentralized applications (dApps), contributing to a large portion of the total value locked in
On Friday, the Securities and Exchange Commission (SEC) of the Philippines issued a notice against the use of unlicensed cryptocurrency exchanges. SEC strongly cautioned and recommended the public not interact with unregistered and unregulated cryptocurrency exchanges, That are accessible and presumed to be functioning in the Philippines, according to a
Binance has gone a long way since its launch in 2017. By weathering the storm of the bear market and other turbulence, Binance has shown itself to be among the most durable of the bunch. The whole cryptocurrency industry had a rough 2022. The industry has seen it all, from
