Crypto Exchanges Scramble to Compile ‘Proof-of-Reserves’ as FTX Contagion Grips Markets
Seven crypto exchanges said they will publish proof of their reserve holdings in the next month.
Seven crypto exchanges said they will publish proof of their reserve holdings in the next month.
Market manipulation, lending activity, and safeguarding of customer funds and assets are some of the many issues Senator Lummis plans to address in the coming days.
Coinbase CEO Brian Armstrong said that the recent FTX and Alameda debacle was a result of risky practices such as the misuse of user funds.
Sam Bankman-Fried has deleted a Twitter thread where he tried to assure customers that FTX and the assets on the platform were “fine.”
Users can pay bills with cryptocurrency directly from their crypto wallet or using a payment processor acting as an online crypto payment gateway.
Crypto market capitalization fell 8.8% in the past 24 hours, data shows.
FTX was one of the investors in Circle’s 2021 financing round of $440 million.
Binance token-related addresses were topped up with over $700 million in different tokens.
BTC price pressure sees sellers take out existing two-year macro lows, but optimism over a relief “pump” is building.
The agreement provides cover against employee collusion, third-party theft and physical loss or damage of digital assets held by the London-based company.
A tarnished record after coming out of retirement, a divorce, and now a wipeout of the strategic investment in FTX. 2022 has been a rough year for the seven-time Super Bowl champion.
A new blockchain body has been launched with the backing of industry leaders in the Middle East region including figures from Binance, Crypto.com, and the largest crypto exchange in the region.
Sam Bankman-Fried no longer ranks in the top 500 on Bloomberg’s billionaire index, but CZ remains at rank 87.
ARK says it’s buying 420,949 COIN shares, which would equate to $21 million, given current market prices.
Crypto companies say the city’s Virtual Assets Regulatory Authority has promised a regulatory framework before year end.
The BAYC founders want an NFT creator royalties model that ensures transferring NFTs between wallets remains free and encourages creators to remain within the NFT ecosystem.
Hello folks. It is election day in the U.S., and that was going to be my main focus today, up until about 11:05 a.m. ET anyway. That’s the point when Sam Bankman-Fried announced that his company FTX would enter a “transaction” with Binance, which Binance CEO Changpeng Zhao later clarified was a letter of intent … Read more
The United States-listed Bitcoin miner has produced at least 1,231 Bitcoin since the start of July and has sold none of it to date.
Investors on PolyMarket think there’s a 45% chance that Binance will pull out of the FTX deal and a 55% chance the deal goes through.
The call for a more detailed disclosure of liquidity through the use of “Proof-of-Reserves” has been backed by many high-profile industry figures.
CZ took to Twitter on Nov. 8 sharing “two big lessons” that crypto companies should learn amid the downfall of crypto exchange FTX.
FTX CEO Sam Bankman-Fried has vanished from the Bloomberg Billionaires Index after his estimated personal wealth plummeted nearly 94% to $991.5 million in a single day.
Multiple crypto investment firms received a “warning” label on lending protocol Clearpool for draining almost the maximum amount of credit from their credit pools.
The U.S. votes for the House and Senate today. Control of the legislature is up for grabs. CoinDesk’s Nikhilesh De, Jesse Hamilton and Cheyenne Ligon will bring you live updates on the crypto market’s reaction and what the results could mean for the industry.
Nansen’s on-chain metrics suggest several reasons why FTX decided to sell itself to Binance.
The two showed up to talk about the big merger news in crypto on a Twitch podcast.
Crypto prices whipsawed following the announcement that Binance would be purchasing one of its largest rivals. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
FTX Ventures invested in some of the biggest names in crypto. Meanwhile, TradFi giants such as Tiger Global have participated in FTX’s funding round.
The crypto industry has eagerly watched for a decision from the U.S. Commodity Futures Trading Commission to allow FTX to directly clear its customers’ derivatives transactions, but that market-shaping application has entered murky territory.
The miner is targeting 9 EH/s for the end of the year, but maintains it will reach 23 EH/s by the middle of 2023.