Tag Archives: ftx

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up At a recent hearing in Delaware, it was announced the now defunct crypto exchange FTX – which fell apart in November of last year – has recovered more than $7.3 billion in assets at the time of writing. This is an increase of more than $800 million since the month of January. FTX Is Trying to Pick Itself Up The...

The legal process is going on, with the next hearing scheduled for June 6th. On May 25th, broker Ko Mo and former Coinone listing director Jeon Mo pleaded guilty to several charges during their first hearing before the judge. According to local media, Ko Mo was accused of soliciting and delivering up to 6 million won in cryptocurrencies and cash to Jeon Mo and Kim Mo. Jeon, on the other hand, was accused of receiving payments in cryptocurrencies and cash totaling 1.92 billion won ($1.51...

TradeBlock will officially begin the process of shutting down on May 31. Digital Currency Group (DCG), a New York-based venture capital firm that invests and provides services to crypto companies is winding down its TradeBlock subsidiary. According to a May 25 report from Bloomberg, the company, headed by Breanne Madigan, who previously worked at Goldman Sachs for 15 years, will begin the shutdown of the platform by the end of the month, specifically on May 31. TradeBlock, dedicated...

The growth of BNB and the underlying chain is largely connected with the ongoing regulatory scrutiny, especially in the United States The BNB Smart Chain (BSC), a leading smart contract blockchain developed by the leading centralized exchange Binance with about $4.45 billion in total value locked, is expected to have a hard fork on its mainnet at block height 29,020,050. Through the current block generation speed, Binance Chain core developers expect the Luban hard fork to take place on...

The ESRB recommended restrictions on crypto firms’ lending to clients, especially for leveraged bets, and suggested higher collateral requirements for distributed finance products and stablecoins. On Thursday, May 25, an EU watchdog – the European Systemic Risk Board – recommended that European authorities should curb leveraged bets on digital assets by introducing limits for investment funds and exchanges. Over the last few years, with the growing number of market participants, crypto...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up A survey conducted by the Pew Research Center suggests most Americans don’t feel confident about, nor do they feel safe using, crypto. Survey: American’s Aren’t Confident Around Crypto Between March 13 and 19 of this year, the Research Center asked a group of people about their feelings towards crypto, and...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up A new report has emerged talking about what it was that really led to the destruction and collapse of the FTX digital currency exchange. Why Did FTX Really Fall? Everyone would like to think it was heavy corruption or something similar, but per the words of the report, it was merely “hubris and greed.” Hubris...

HashKey Capital emphasized that it plans to direct the investment into Web3 initiatives in order to broaden its crypto exposure. Crypto investment company HashKey Group is looking towards leveraging Hong Kong’s digital assets efforts to raise funds at a valuation of over $1 billion to attract potential investors. The Chinese Special Administrative Region is finalizing digital asset licensing legislation with the goal of becoming a worldwide crypto hub. Hong Kong has been making efforts to...

Telegram has implemented various security features to enhance user privacy and data protection. Popular messaging app Telegram has addressed a recent camera and security exploit that could allow attackers to gain control of a macOS device’s camera. A spokesperson for Telegram Remi Vaughn mentioned that Telegram users are not at risk by default because the exploit requires malware to be installed on the system. Notably, Software engineer Dan Revah drew attention to this exploit in a blog...

The ultimatum highlights the growing pressure on the SEC to take a more transparent approach to its regulatory activities. The US House Committee on Financial Services has given the Securities and Exchange Commission (SEC) Chair, Gary Gensler, an ultimatum to respond to its requests. The committee is asking for access to internal documents concerning the SEC’s activities, especially about the agency’s proposed climate rule and charges against the former FTX CEO. Despite the congressional...