After months of looking around at other cryptocurrency startups, including a revised bid for Voyager Digital’s assets, cryptocurrency exchange CrossTower Inc has agreed to purchase digital asset trading platform BEQUANT. Through the purchase deal signed on November 28th, CrossTower will get access to over 600 additional professional exchange clients. New
Serum (SRM), a decentralized cryptocurrency exchange financed by FTX, informed its 215,000 Twitter followers that the project is “defunct” after the spectacular collapse of FTX and directed them to a community-led fork of the project. Serum, with its fork named OpenBook, offers a ray of hope. There is already a
Sam Bankman-Fried, the ex-CEO of FTX, a cryptocurrency exchange that was once valued at $26 billion, told Axios on Monday that he is now down to his final $100,000. Early in November, when word broke that the cryptocurrency exchange required a bailout, the founder saw the vast majority of his
Dunamu, the South Korean business that operates the Upbit exchange, has reportedly banned the trade of cryptocurrencies by the immediate family members of its executives and workers since August, according to sources. Dunamu felt it had a responsibility to its community, therefore it decided to expand the restriction to include
Kraken, a cryptocurrency exchange based in the United States, has just resolved with the United States Department of Treasury’s Office of Foreign Assets Control (OFAC) for alleged breaches of sanctions against Iran. The settlement is for $362,158.70. The agency stated: “Due to Kraken’s failure to timely implement appropriate geolocation tools,
Fidelity Investments has reportedly launched crypto trading accounts for consumers, after the introduction of a waiting list earlier this month. Even if the FTX fall has coincided with widespread uncertainty, the Fidelity development may be an indication of stability. An email sent out to users today began with the phrase
FTX, the collapsed cryptocurrency exchange to pay its employees and contractors after several weeks of uncertainty. According to the recent announcement from the bankrupt trading platform, the majority of FTX subsidiaries around the world have been resuming ordinary course payment of salary and benefits to its employees worldwide and certain
JPMorgan predicted that centralized exchanges would continue to dominate the bulk of global digital-asset trading volumes despite predictions from certain crypto analysts that a move toward decentralized platforms would follow after FTX’s demise. The bank’s strategists, led by Nikolaos Panigirtzoglou, warned clients on Thursday that the DEXs’ slower transaction speeds,
In order to devote more resources to its other blockchain endeavors, Japanese company Line has decided to close its U.S. exchange Bitfront around the upcoming New Year. The messaging platform announced in an email to users that it would no longer be accepting new signups as of today and would
The ultimate responsibility is now on SBF’s political contributions, despite predictions from experts that he would likely face prison time for misusing crypto cash. Sam Bankman-Fried’s contributions to the U.S. Midterm Election 2022 made news in the first week of November, just days before the FTX collapsed. SBF was reportedly
