FTX Trade investors Assets for Margin Trading at Alameda said Bankruptcy Lawyer
John Ray confirmed what many industry leaders expect, and what Sam Bankman-Fried has avoided directly stating.FTX’s bankruptcy attorney and new CEO, John Ray, spoke to the House Financial Services Committee…
FTX Founder Sam Bankman-Fried Denied Bail by Bahamas Authority
Sam Bankman-Fried has been denied bail by a judge in the Bahamas. The judge has issued an extradition hearing for February 8th. Sam Bankman-Fried, the founder of the bankrupt crypto…
Crypto Market Rallies as U.S Inflation Drops to 7.1% For November
The US consumer price index drops from October’s 7.7% to November’s 7.1%. The inflation statistics sent the price of bitcoin (BTC) soaring by more than 6 percent. The publication of…
MakerDAO Relaunches DAI Savings Rate With Hiked Interest Rate
Decentralized and tied to the US dollar, DAI is MakerDAO’s stablecoin. To raise the interest rate by 100 basis points was approved by a majority of voters. MakerDAO is reintroducing…
Binance blocked Withdrawals Of USDC coins As panicked Investors withdrew $2Billion over doubts.
Crypto exchange Binance freezes withdrawals of stablecoin USDC as rattled investors pull $2 billion in funds Binance has temporarily paused withdrawals of a major stablecoin after customers pulled over $2…
NFT Avatars Minted on Reddit Milestone now past 5 Million
The project has over 4.25 million distinct wallets with around 3.95M users. Reddit announced that it would provide NFT avatars in July.Reddit’s foray into tokenized avatars has been a ray…
Canada establish New tough Guidelines For Crypto Exchanges
The regulator requires firms to keep their customers’ assets separate from their own. Exchanges will have to comply with prohibition on margin and leverage trading.If they want to operate in…
AliPay Integrates Digital Yuan For Instant Payments to boost Adoption of the CBDC
The Ant Group operates AliPay, the dominant digital payment system in China. The Group is a subsidiary of the Alibaba Group and is in the midst of a massive overhaul.…
Binance CEO Confirms Over $1 Billion Daily Withdrawals
Binance users have withdrawn around $1.14 worth of crypto from the platform today (December 13), CEO Zhao confirmed.Changpeng Zhao – CEO of Binance – said clients had withdrawn approximately $1.14…
Chinese government discover $1.7B Money Laundering in Crypto
The Chinese government was able to seize a total of 130 million Chinese yuan. The probe was initiated when a local bank saw a dramatic increase in deposits.Chinese police in…