CryptoCom is the latest exchange to provide proof of reserves amid soaring demand for industry transparency stemming from FTX’s collapse. The audit found that its customers’ balances for multiple top cryptocurrencies, including Bitcoin and Ethereum, are over 100% backed. As the exchange announced on Friday, its proof of reserves featured an audit from Mazars Group...Read More
Binance CEO Changpeng Zhao (CZ) and ex-FTX boss Sam Bankman-Fried (SBF) traded barbs over Twitter on Friday as each contested the true nature of their private business dealings. During the exchange, Bankman-Fried asked CZ why he would “lie” about their situation, given he had already “won,” post bankruptcy. CZ’s Story CZ began with reference to...Read More
The former CEO of FTX – Sam Bankman-Fried – said he is “willing” to testify before the relevant US authorities on December 13. He vowed to shed more light on the reasons behind his exchange’s collapse and his own failures as a leader. The US House Committee on Financial Services claimed earlier this week that...Read More
Amber Group reportedly raised just half of its $100 million funding round and halted its global expansion efforts due to the ongoing bear market. The company recently laid off a portion of its staff after previously admitting it has been an “active trading participant” on the bankrupt crypto exchange FTX. Change of Plans Amber Group...Read More
The feud between Binance CEO CZ and Sam Bankman-Fried continued after CZ accused SBF of attempting to depeg USDT through Alameda. CZ also released a long thread on Twitter referencing Kevin O’Leary’s defense of FTX and referring to SBF as “a fraudster.” SBF has now taken to Twitter and has told CZ to stop lying...Read More
Huobi Research, an affiliate of Huobi Global, estimated in its Global Crypto Annual 2022-2023 Report that the prices of bitcoin and ether will start surging after the first quarter of 2023. Until then, they might find a bottom at $15,000 and $1,000, respectively. The company touched upon the FTX’s meltdown, describing it as “one of...Read More
Since its debut in the crypto space through the initial coin offering (ICO) in 2022, Oryen (ORY) has seen its crypto project outperform expectations. ORY entered the market with a price tag of $0.05 in presale 1 and is now going for $0.21 in presale 7. As a result, Oryen is dominating video reviews and...Read More
(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) The question at hand is whether the current price for Bitcoin is at the “bottom”. Bitcoin is the purest...Read More
[PR – Singapore, Singapore, 8th December, 2022, Chainwire] DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications to everyone, has officially activated the much-anticipated Grand Central hard fork on its network at 01 AM EST on Thursday, December 8th on Block Height 2,479,000. The Grand Central hard fork is...Read More
[PR – Geneva, Switzerland, 8th December, 2022, Chainwire] TRON DAO recently launched The TRON Academy initiative to empower young blockchain enthusiasts from top-tier universities around the world. Creators are being welcomed to take advantage of early-stage development opportunities in the TRON ecosystem. Partnerships have been developed with existing blockchain clubs, and coaching support is available...Read More
Zhu Su – one of the co-founders of the collapsed cryptocurrency hedge fund Three Arrows Capital – is firing shots at Sam Bankman-Fried over alleged media influence, control, and deflection of hard questions. SBF admitted he made a lot of mistakes this year but categorically denied any of the above. Zhu Su took it to...Read More
In a new blog post, the centralized crypto exchange encouraged users to switch from USDT to USDC by waiving the conversion fees while highlighting the latter stablecoin as a “trusted and reputable digital dollar.” The development comes amidst a stablecoin war in the industry. Exchanges are stepping up to claim dominance of their native stablecoins....Read More
On 14 December 2022 at 04:00 UTC, we will be listing new quarterly futures on BitMEX. The new contracts will be visible on the platform from 13 December at 04:00 UTC as Unlisted, 24 hours before the start of trading. Please see the table below for the listing and settlement dates of current and upcoming...Read More
On Dec. 8, the SEC’s Division of Corporation Finance released a statement “regarding recent developments in crypto-asset markets.” The guidance has targeted companies that have disclosure obligations under federal securities laws. Citing “widespread disruption” in crypto markets, the regulator said that companies should evaluate their disclosures and update them if crypto is involved. “In meeting...Read More
On 14 December 2022 at 12:00 UTC, we will delist 8 FX perpetual swap contracts, namely: EURUSD EURUSDT USDTBRL USDTINR USDTMXN USDTSEK USDTTRY USDTZAR The contracts will be settled early at 12:00 UTC on 14 December 2022 ( “Tsettle”) according to the standard practice described in our Exchange Guide. The decision to delist these contracts...Read More
On 30 December 2022 at 12:00:05 UTC, we will update our index weights. From today, the hypothetical values of indices with their new weights will be published as the “NEXT” index family (e.g. .BXBT_NEXT). As of 30 December 2022 at 12:00:05 UTC, assuming no constituent exchanges have been excluded – and due to Index Protection...Read More
