Day: 14 November 2022

As anxiety gripped markets amid FTX's liquidity issue, cryptocurrency exchange BitMEX was among the first to provide an updated proof-of-reserves of their crypto holdings. Crypto exchanges are suddenly rushing to make their fund reserves public. On Wednesday alone, Binance, Gate.io, KuCoin, Poloniex, Bitget, Huobi, OKX, Deribit, and Bybit published separate ...

Copper.co, a leading provider of institutional digital asset custody and trading solutions, announced on its official website that it has $500 million in cold storage insurance.  Aon, a global professional services organization, arranged coverage through a panel of insurers overseen by Canopius, a global specialty (re)insurer, and the Lloyd's of ...

As a direct response to the shocking failure of FTX, US senators Debbie Stabenow and John Boozman have reaffirmed their commitment to releasing the final version of the Digital Commodities Consumer Protection Act 2022 (DCCPA) in early 2022.  Since most people think former FTX CEO Sam Bankman-Fried strongly supported the ...