Former FTX CEO Sam Bankman-Fried on Monday decided to agree to be extradited to the U.S. to face fraud charges, Reuters reported, citing his lawyers. The report came several hours after one of B...
Tag: Exchanges
More crypto exchanges likely to ‘blow up’ like FTX, Wave Financial CEO says
Wave Financial, a crypto asset manager with over $1 billion under management, succeeded in navigating the collapse of crypto exchange FTX with zero client losses. Now it’s warning of potential risks w...
BUSD balance on exchanges down $6B over 30 days
Around $6 billion worth of Binance USD (BUSD) was withdrawn from exchanges in the past 30 days, according to CryptoSlate’s analysis of Glassnode data. BUSD exchange balance The orange line in the char...
Indian Crypto Exchanges CoinDCX And WazirX Proof Of Reserves Update
India’s top crypto exchanges CoinDCX and WazirX promised to release their proof-of-reserves (PoR) in the coming days after global crypto exchanges hurried to release their proof-of-reserves following ...
Government Agencies Need Crypto Wallets and Access to Exchanges, Russian Prosecutors Say – Coinotizia
Russian authorities are finding it hard to cash out digital assets they have gotten hold of, prosecutors have warned. They have also urged the government to recognize cryptocurrency as property, allow...
Government Agencies Need Crypto Wallets and Access to Exchanges, Russian Prosecutors Say – Regulation Bitcoin News
Russian authorities are finding it hard to cash out digital assets they have gotten hold of, prosecutors have warned. They have also urged the government to recognize cryptocurrency as property, allow...
Miners sent 57K Bitcoin to exchanges in 2022; selling pressure decreasing
This year hasn’t been kind to Bitcoin miners as the invasion of Ukraine in February 2022 triggered a global energy crisis, pushing mining costs through the roof. In addition, the collapse of Luna in J...
The FTX Arena Is Changing Its Name Following the Exchange’s Fall
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 t...
Vitalik Buterin Wants All Crypto Exchanges to Be Transparent About Their Financials
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 pl...
Binance to Help Azerbaijan With Crypto Regulations – Exchanges Bitcoin News
Cryptocurrency exchange Binance has offered to support Azerbaijan in efforts to establish regulations for digital assets. The leading coin trading platform has been active in the region this year, see...
No withdrawals on OKX for almost seven hours amid cloud failure
Crypto exchange OKX hasn’t processed any withdrawals for almost seven hours owing to a failure with its cloud services provider. The exchange shows a partial outage for deposits and withdr...
I Trust My Money More in Draftkings Than I Would Binance – Exchanges Bitcoin News
The host of Mad Money, Jim Cramer, has cast doubt on the trustworthiness of crypto exchange Binance. “Why can’t people in charge just admit that Binance has no real legitimacy after what happened to F...
The Block: US prosecutors probing Bankman-Fried’s political donations: NY Times
U.S. federal prosecutors are seeking more information about political donations made to Democrat and Republican lawmakers by former FTX CEO Sam Bankman-Fried and two executives he worked with, accordi...
Are Exchanges Falling Short on Proof of Reserves Efforts?
Various so-called proof-of-reserves reports by crypto exchanges following the collapse of FTX are misleading, industry participants said, as assuring the solvency of a centralized crypto firm may only...
Big Short Investor Michael Burry Says Audits of Crypto Exchanges Like Binance and FTX Are ‘Meaningless’ – Coinotizia
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says the problem with auditing cryptocurrency exchanges, like Binance and FTX, is the same as when he started using a...
Riot Games looks to distance itself from Sam Bankman-Fried
He’s been kicked out of the “League.” The maker of Sam Bankman-Fried’s favorite game, League of Legends, wants out of its exclusive sponsorship agreement with the disgra...
Big Short Investor Michael Burry Says Audits of Crypto Exchanges Like Binance and FTX Are ‘Meaningless’ – Featured Bitcoin News
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says the problem with auditing cryptocurrency exchanges, like Binance and FTX, is the same as when he started using a...
Stablecoins Flow Into Spot Exchanges, Fuel For Christmas Bitcoin Rally?
On-chain data shows the number of stablecoin transactions going into spot exchanges have risen recently, something that could help fuel a Christmas Bitcoin rally. Stablecoin Deposits To Spot Exchanges...
Crypto Billionaire Mike Novogratz: Not All Digital Asset Exchanges Are Run by Criminals Like FTX Was
Crypto billionaire Mike Novogratz thinks it’s “really dangerous” to assume all digital asset exchanges are run like the now-imploded FTX. The Galaxy Digital chief executive says in a new interview wit...
Derivatives platform Paradigm lines up new exchange partnerships post-FTX
Paradigm, the crypto derivatives platform, suffered a big hit to trading volumes following the collapse of FTX. Now, the startup is lining up new exchange partners to try to recapture what it lost. &#...
Waves Founder Sasha Ivanov says Waves doesn’t need centralized exchanges, outlining path to aggressive decentralization
LONDON–(BUSINESS WIRE)–Following the investment warning posted across centralized exchanges last week, which placed warnings on WAVES token trading*; Waves Founder Sasha Ivanov explains USDN depeg doe...
Binance auditor Mazars halts all work with crypto exchanges
Mazars Group, a French auditing firm that recently provided confirmation of proof of reserves for a number of cryptocurrency exchanges, has reportedly suspended all co-operation with such platforms gl...
British Regulator FCA Claims Crypto Exchanges Aid Money Laundering
In the past few weeks, regulators all around the world have been ranting against Bitcoin and cryptocurrency in general, and their outlandish denouncements are becoming increasingly outrageous. The Fin...
Stablecoins worth $4B exited exchanges in last 7 days
Data analyzed by CryptoSlate analysts revealed that around $4 billion worth of stablecoins left the exchanges over the past seven days, leaving a volume of $38 billion. This analysis is based on the S...
First Hong Kong bitcoin, ether ETFs lure nearly $75 million with trading set to begin Friday
CSOP Asset Management, a China Southern Asset Management subsidiary, will list the first bitcoin and ether ETFs on the Hong Kong Stock Exchange on Friday. CSOP Bitcoin Futures ETF and CSOP Ethe...
Committee to represent creditors formed in FTX bankruptcy case
A committee to represent unsecured creditors and serve as the voice for most FTX customers in court was established in the U.S. bankruptcy case of FTX and its affiliated companies. The formation...
Binance’s Zhao defends exchange during CNBC grilling
Binance CEO Changpeng Zhao was grilled by CNBC reporters regarding hiccups with withdrawals from the exchange this week and the firm’s solvency. Binance earlier this week temporarily pause...
Amid Withdrawals, Binance CEO Warns of Bumpy Months Ahead – Exchanges Bitcoin News
Binance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto ...
More crypto is lost with self-custody than exchanges: Binance CEO
Changpeng Zhao, the CEO of major cryptocurrency exchange Binance, suggested that there are better solutions for crypto users than self-custody. During a Dec. 14 Twitter space, a user asked Zhao if Bin...
Gemini reports third-party phishing campaign that affected some customer data
Crypto exchange Gemini said Wednesday that a phishing campaign led to the collection of some customer email addresses and partial phone numbers. “Some Gemini customers have recently been t...
Binance CEO traveled to the US without publicizing it
Binance CEO Changpeng “CZ” Zhao has traveled to the U.S. but hasn’t publicized it because the firm cannot market to U.S. customers, the company said. Binance’s Chief Strategy ...