The Hong Kong-based cryptocurrency exchange AAX has reiterated that withdrawals have been suspended on the platform with no connection to the ongoing effects of FTX's collapse and that any claims to the contrary are untrue. On November 13, the...
The CEO of Singapore-based crypto exchange Crypto.com, Kris Marszalek, stated that the company would prove all naysayers wrong about the platform's purported "trouble," that it has a strong balance sheet, and it has taken no risks nor is it...
Bitcoin, the most valuable coin by market capitalization, dropped more than 19% in the last seven days, trading at $16,774. Early last week, it was around $15,500. Several other cryptocurrencies also dipped, with FTX's token FTT experiencing a worst-case...
Sam Bankman-Fried, the CEO of FTX, might've had his Twitter account hijacked. The account tweeted the word "What" at 4:01 am GMT +1, which was followed by a second tweet with the letter "H" at 4:49 am GMT +1....
On Thursday, November 10, the assets of FTX Digital Markets (FDM) and "related parties" were frozen by the Securities Commission of The Bahamas (SCB), the country's securities regulator, on Thursday, November 10. The Commission suspended FTX Digital Markets Ltd.'s...
ChainUp, a global blockchain technology solutions provider, announced that it would offer crypto exchanges a Merkle Tree Proof-of-Reserves solution to promote digital asset transparency. 3/ With that being said, to keep up with rising demands for asset security, #ChainUp...
As the FTX crisis affects the crypto market, Binance CEO Changpeng Zhao announced on Monday, November 14, that an industry fund is being created to help strong projects affected by the liquidity crisis recover. “To reduce further cascading negative...
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,...
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...
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...
