Binance US chief Brian Shroder assured his followers on Monday that his exchange is prepared to process every last withdraw customer withdrawal – unlike certain competitors. He also expanded on his company’s successful bid to purchase Voyager’s assets worth $1.02 billion and bring an end to the defunct crypto lender’s bankruptcy proceedings as soon as...Read More
U.S. Senator and chairman of the Senate Banking Committee, Sherrod Brown (D-OH), spoke on Sunday about what actions regulators need to take after the implosion of FTX. He suggested that crypto may be something that “ought to be banned” if not for the risk of sending the industry offshore. Banning Crypto Speaking with NBC’s Chuck...Read More
Amid the incessant bear market, whales appear to be waking up from their slumber to move their ETH holdings that were untouched for about four years. According to the blockchain security company Peckshield Alert, large amounts of ETH were transferred on December 18th by two addresses that have remained dormant since October 2018. Dormant ETH Wakes...Read More
Grayscale may consider a 20% tender offer on GBTC shares if its bid to convert into a Bitcoin spot ETF ultimately fails, said CEO Michael Sonnenshein to investors on Monday. In an interview on the same day, the executive also commented on the FTX’s collapse, the crypto bear market, and the state of Binance. Shoring...Read More
As Binance makes itself at the top of the headline in the crypto market by raising concerns regarding its proof-of-reserves audit, the crypto giant now attracts fresh attention after signing a deal with a popular crypto firm to acquire its assets. Recently, Voyager Digital Ltd grabbed the best deal from the crypto exchange giant Binance...Read More
Ethereum has been showing significant strength in recent days, causing the price to trade within a decisive pennant pattern. This pattern indicates the possibility of the price rising above $1300 or falling below $1100. Despite a drop in volume, the volatility remains high, suggesting a potential slight price increase in the short term, followed by...Read More
Binance US has entered into an agreement with Voyager Digital to acquire its assets. The bid from the cryptocurrency exchange also means that there’s a path for Voyager customer funds to be unlocked “as soon as possible.” CryptoPotato reported earlier in November that CZ had confirmed that Binance US will be bidding for the assets...Read More
Nigeria is planning to push a law to legalize the usage of bitcoin and cryptocurrencies, backpedaling its stance on the industry. According to a local newspaper, Babangida Ibrahim, chairman of the House of Representatives Committee on Capital Markets and Institutions of Nigeria, disclosed details about the new law that seeks to amend the existing “Investment...Read More
As the fallout from the FTX implosion continues to unfold across the pond, DCG Group is also said to be dealing with liquidity issues and has halted repayments “until liquidity issues have been resolved.” The DCG Group, a “strategic investor” that leverages its connections to turn a profit on the market for its clients, also...Read More
The crypto space is used to undertake notable swings during the weekend and as expected, most of the cryptos dragged a massive leg down. Bitcoin price sliced through the lower support and marked new lows for the month at around $16,500 which dragged the entire crypto space down. As a result, the Binance Coin which...Read More
Crypto markets have been down-trending for more than a year now, and an extended period of low volatility could be about to commence, according to one analyst. However, others have opined that there could be a quick turnaround once the macro situation improves. On Dec. 18, crypto analyst “Cold Blooded Shiller” compared the current market...Read More
The global investment banking firm – Jefferies Group – reportedly determined FTX creditors could retrieve as much as 40% of their lost money. In an interview for The Block, Joseph Femenia – Global Head of Distressed Debt Trading at Jefferies – said there’s light in the tunnel for FTX creditors who could recover between 20% and...Read More
