Crypto news

The FTX collapse has been all everyone’s talked about over the last month or so, and it appears that many people and businesses that were once tied to the now failed exchange are looking to distance themselves from it and quickly. The Miami Heat Is Ending Its Relationship with FTX One of them is the FTX Arena, which hosts home games for the Miami Heat. It’s now looking to end its relationship with the disgraced trading platform and change its name fast. In a statement,...

A junior finance minister told the Indian parliament on Tuesday that the government has collected about $7.4 million in TDS on crypto transfers since July 1.  Given the low numbers, the government may consider the local crypto industry’s demand to reduce the tax to a reasonable level – in the range of 0.01% to 0.05%. Low TDS Collection In a written reply in the upper house of the Indian Parliament, Minister of State for Finance Pankaj Chaudhary informed that the Indian...

The overall Bitcoin price action is on an impulsive decline after experiencing a significant rejection from a long-lasting resistance level at $18k. Failing the support level at $15k, the bulls could be in for a lot of trouble soon. Technical Analysis By: Edris The Daily Chart: Looking at the daily chart, the price oscillates in the large falling wedge pattern. While this is usually a reversal pattern in a downtrend if broken to the upside, the price has failed to reach the...

Following the collapse of famed crypto exchange FTX, Ethereum co-founder Vitalik Buterin is planning a new set of protocols that would help exchanges show their customers what reserves they have in place. Vitalik Buterin Says Exchanges Need to Be Clear One of the big things that allegedly led to the fall of FTX was the sudden and unexpected “liquidity crunch” the company seemed to endure last-minute. It was stated in a series of messages online that Sam Bankman-Fried,...

Popular cryptocurrency exchange OKX is experiencing connection issues with their cloud provider, according to their most recent announcements. It appears that withdrawals aren’t functioning at the time, but the team reassures all funds are safe. There is currently an intermittent connection error with our cloud provider which is affecting the user experience. Our dev team is resolving it with them. Funds are safe. Sorry for any inconvenience caused. ? — OKX (@okx) December...

Many are wondering where Sam Bankman-Fried of FTX fame (or rather notoriety, at this point) has gone. The executive resigned from his company in mid-November following its collapse and he hasn’t been seen or heard from since. Has Sam Bankman-Fried Gone Missing? So, where is he? There seems to be a wide array of speculation online about what has become of the executive, with some claiming he has taken a private jet and fled to Argentina. Allegedly, one news source sent...

Sam Bankman-Fried – the former CEO of defunct crypto exchange FTX – will supposedly reverse his decision to contest extradition to the US. According to a Reuters report, SBF will appear before the court in the Bahamas on Monday, December 19. Bankman-Fried is currently held at a correctional facility in the Bahamas following his arrest on December 13. He faces multiple charges, including criminal, and is being investigated by the DOJ, SEC, and the CFTC. It was previously said...

INTERNET CITY, DUBAI, Dec 14, 2022 – LBank Exchange, a global digital asset trading platform, has recently launched ApeCoin (APE) staking in its “Earn” – “Flexible” section, users will be able to earn APE token with an annual return of 175% (floating adjustment), and withdraw anytime without locking. APE Staking Is the New Trend Recently, ApeCoin DAO (ApeDAO) has established an official staking protocol for ApeCoin (APE), which was created as a way for APE, BAYC, MAYC,...

INTERNET CITY, DUBAI, Dec. 16, 2022 – LBank Exchange, a global digital asset trading platform, will list LynKey (LYNK) on December 19, 2022. For all users of LBank Exchange, the LYNK/USDT trading pair will be officially available for trading at 8:00 (UTC) on December 19, 2022. Powered by blockchain and NFTs, LynKey (LYNK) creates an ecosystem for smart luxury resort, tourism and property investment. Its native token LYNK will be listed on LBank Exchange at 8:00 (UTC) on...

Over the past day, the total cryptocurrency market capitalization managed to recover a few billion, but the overall market saw no considerable volatility, and volume is drying up. Some altcoins managed to pull ahead, but the broader sentiment remains fearful. Bitcoin Struggles Below $17K Bitcoin’s price was unable to hold above the $17K level yesterday and dropped to a low of $16,527 on Binance. The cryptocurrency has failed to recover and is currently trading at around...