Crypto news

The crypto winter is proving to be unbearable for some, but other businesses enjoy the cold weather. Binance is taking advantage of the current market conditions to expand into the Asian market by acquiring its third licensed crypto exchange. This Dec. 19, Binance confirmed that it became the majority shareholder of Indonesian cryptocurrency exchange Tokocrypto, appointing a new CEO following the resignation of Pang Xue Kai, its founder and now former CEO. As reported by CNBC...

The court filing argued that Höptner’s termination was “wholly wrongful and without basis.” Former BitMEX Chief Alexander Höptner has sued his former employer for $3.4 million for breach of agreement and wrongful termination. This includes $2.4 million for his second-year bonus and smaller amounts for remaining wages, relocation expenses, and housing. The claim, filed by Höptner’s legal representatives – Kelvin Chia Partnership – with Singapore’s High Court, alleges BitMEX of...

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 possible.  Replacing FTX US In a Twitter thread on Monday, Shroder confirmed that Voyager’s 3.5 million customers will soon...

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 Todd on Meet the Press, Brown agreed that Sam Bankman-Fried – FTX’s former and disgraced boss – used political favor and donations to create an...

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 Up 22,982 ETH, which is worth approximately $27.2 million at current prices, were moved to two new addresses. The emergence of old...

Ripple’s recent price action has been particularly rough following a convincing rejection from a key resistance level. The cryptocurrency is currently dropping toward the bulls’ last resort as risk assets stumble. Technical Analysis By: Edris The Daily Chart On the daily chart, the price has failed to move back above the significant $0.43 resistance level and is currently falling rapidly. The 50-day and 200-day moving average lines, which also provided additional resistance...

Dennis Kelleher – one of DC’s top figures in the fields of banking and finance – claims to have seen the FTX collapse coming a mile away, and he’s not surprised by the aftermath it’s led to. Kelleher Believes Crypto Won’t Survive FTX was one of the world’s top digital currency exchanges. Beginning in 2019, the company rose to prominence rather quickly and has since become an embarrassment in the space. The firm initially sought help from Binance and looked to the larger...

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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 Up GBTC In a conversation with CNBC, Sonnenshein acknowledged that the industry is going through a “crypto winter,” which will produce more “regulation” and...