Day: 20 February 2023

OKX, a cryptocurrency exchange, has released its fourth monthly Proof-of-Reserves (PoR) report, showing $8.6 billion in clean assets, including BTC, ETH, and USDT. This figure represents a 15% increase from January's reserve report of $7.5 billion. The report shows that OKX's wallets were overcollateralized with 135,735 BTC compared to the ...

Hong Kong Security and Futures Commission (SFC) launched a public consultation on the requirements for operators of virtual assets such as cryptocurrencies. This follows after the introduction of a license requirement for all virtual asset services providers in Hong Kong or offering to citizens based in Hong Kong.  The Hong ...

The cryptocurrency industry has mocked a recently filed Illinois Senate Bill for its unfeasible plans to compel blockchain miners and validators to undertake impractical things like reverse transactions if so directed by a state court.  Robert Peters, an Illinois senator, introduced the Senate Bill on February 9; however, it didn't ...

Australia has, since 2021, joined the league of countries like the US in expanding crypto regulation, and this year just might usher in further implementation of regulatory guidelines and provisions for crypto-related operations in the country.  The past year generally witnessed a marked increase in crypto regulation, with finance regulatory ...

Crypto hedge fund Galois Capital is reportedly closing down in the wake of the collapse of cryptocurrency exchange FTX, which caused a wave of contagion in the industry. According to reports, the firm had over 50% of its assets tied up in FTX before the exchange went under. Co-founder of ...