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Cryptocurrency
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CryptoCurrency
Binance Launches Proof of Reserves for Bitcoin
2022-11-25T21:05:13.236+02:00
The exchange will introduce PoR for Ether, USDT, USDC, BUSD and BNB 'soon'.
The collapse of FTX is driving renew interest in Proof of Reserves.
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Singapore Police Investigating Crypto Platform Hodlnaut for Fraud
2022-11-25T10:18:29.416+02:00
The platform suspended all activities in August.
It reported massive exposure to FTX.
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CryptoCurrency
ASIC Seeks Civil Penalty from Block Earner for Unlicensed Crypto Offerings
2022-11-23T09:54:00.011+02:00
Block Earner offers several cryptocurrency-based fixed-yield earning products.
It does not hold an AFS license.
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CryptoCurrency
Swiss Regulator Rejected FTX Europe's Trading License Application
2022-11-21T10:02:45.251+02:00
FTX did not reveal anything officially due to the conditions of the application.
The Cypriot regulator suspended FTX's license earlier this month.
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CryptoCurrency
US SEC Starts Administrative Proceedings against American CryptoFed
2022-11-18T22:51:30.861+02:00
American CryptoFed registered Ducat and Locke tokens in September 2021.
The firm's application to withdraw its registration in May 2022 was rejected.
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CryptoCurrency
Bitfarms Deepens 2022 Loss Despite More Bitcoins Mined
2022-11-17T12:27:09.645+02:00
The company increased its hashrate by 180% on a yearly basis.
Freefalling cryptocurrency prices brought a substantial net loss during Q3 2022.
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CryptoCurrency
Genesis Vision to Suspend Services amid Russia Exposure
2022-11-15T11:04:50.592+02:00
Its legal entities are 'highly affiliated' with Russian citizens.
It now focused on reorganizing its legal structure and products.
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CryptoCurrency
FTX: The Rise, the Fall and the Reaction
2022-11-10T14:13:27.157+02:00
FTX on the brink of collapse despite generating over $1bn in revenue last year.
Rival Binance offered and then pulled out of acquiring FTX in a whirlwind two days
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CryptoCurrency
Galaxy Digital Cuts Down Exposure to FTX to 38%
2022-11-09T22:46:59.535+02:00
The firm is currently taking out $47.5 million from its $76.8 million exposure to FTX.
Galaxy Digital saw a net comprehensive loss of $68.1 million in Q3 2022.
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CryptoCurrency
US Seizes $3.4 Billion Worth of Bitcoins Linked to Silk Road
2022-11-08T10:01:28.412+02:00
The Bitcoins were stolen from the notorious darknet marketplace Silk Road.
The authorities are now seeking forfeiture of all the seized Bitcoins.
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Exchanges
Gemini Launches Its Crypto Services in Six European Countries
2022-10-31T23:27:17.267+02:00
The countries are Denmark, Sweden, Portugal, Czechia, Latvia and Liechtenstein.
Gemini recently gained a VASP status in Ireland.
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Regulation
Hong Kong Decides on Rules for Crypto ETFs
2022-10-31T09:20:56.539+02:00
The SFC will consider approving virtual asset ETFs.
Initially, it will only allow Bitcoin and Ether futures trading on Chicago Mercantile Exchange.
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News
FTX to Compensate Phishing Victims with $6 Million
2022-10-24T13:30:38.738+02:00
It is a one-time move on the part of the exchange.
Sam Bankman-Fried gave the attackers 24 hours to return almost $5.7 million.
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CryptoCurrency
Crypto Staking Platform Freeway Halts Withdrawals
2022-10-24T10:05:54.907+02:00
The market value of the project’s native token dropped by 80 percent.
It has now omitted the details of the team members.
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Executives
Crypto-Focused DIFX Strengthens Middle Eastern Presence Hiring Omar Al-Ali
2022-10-24T08:33:17.697+02:00
He joined the platform from B2Broker.
He worked with multiple brokerage brands earlier.
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CryptoCurrency
FCA Takes Action as UK Crypto Scams Soar
2022-10-21T19:01:18.639+02:00
Cryptocurrencies are the most commonly reported potential scams to the FCA.
The commission opened more than 2,700 cases involving investment scams in one year.
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FinTech
Nuri (Previously Bitwala) Is Closing Down
2022-10-19T10:59:28.871+02:00
The company failed to raise funds or find an acquirer.
It entered into insolvency three months ago.
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News
Celsius Network Reportedly Faces US Federal Investigation
2022-10-19T08:54:50.019+02:00
It is facing the investigation of several other US state regulators.
The company filed for bankruptcy earlier in July.
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CryptoCurrency
ASIC Warns against Cryptcurrency Scam Appasiccoin.org
2022-10-18T13:30:39.703+02:00
The watchdog states it never gives permission to use its logo to promote financial services.
Due to the cryptocurrency scams, investors lost $1 billion in 15 months.
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CryptoCurrency
ASIC Temporarily Halts Holon’s Cryptocurrency Funds
2022-10-17T08:52:35.179+02:00
The funds are invested in Bitcoin, Ether and Filecoin.
The regulator alleges that the target market determination of the funds is inappropriate.
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CryptoCurrency
Floating Point Group Integrates ML Tech for Offering Algo Trading Strategies
2022-10-14T10:57:40.805+02:00
The startup is backed by Coinbase Ventures and other prominent VCs and angel investors.
It has added multiple former Wall Street executives.
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Thought Leaders
Best 7 Staking Cryptocurrencies to Invest in 2023
2022-10-13T17:53:12.702+02:00
Like investing in cryptocurrencies, staking crypto requires a bit of research.
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CryptoCurrency
US SEC Probes Yuga Labs to Determine If Bored Ape NFTs Are Securities
2022-10-12T15:10:17.072+02:00
Yuga Labs has not been accused of any wrongdoing.
The firm has reportedly pledged to cooperate with the regulator.
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Brokers
Swissquote Launches Crypto Exchange SQX
2022-10-04T10:19:21.262+02:00
The exchange maintains a centralized order book by sourcing liquidity from several hubs.
Its other competitors, like Dukascopy, are already offering wide crypto services.
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CryptoCurrency
INX Combines Its Security Token and Crypto Trading Platforms into One
2022-09-23T00:23:24.786+02:00
INX ONE to serve as a platform for trading US SEC-registered tokens and cryptocurrencies.
The firm recorded a cumulative loss of $215 million in 2021.
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