Author: e_cash_top

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[ad_1] Out of 535 senators and representatives in the U.S. Congress, 196 were found to have taken donations in cash from FTX. The members of Congress were identified by CoinDesk journalists in a large research effort to shine a light on Congress’ connection to the failed exchange. Journalists reached out to all 196 members for…

FTX defends move to appoint law firm Sullivan & Cromwell as advisor

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[ad_1] Bankrupt crypto exchange FTX filed a Jan. 17 response — authored by Sullivan & Cromwell (S&C) lawyers — to the objections surrounding its retention of the law firm as an advisor. FTX said the law firm’s role at the bankrupt exchange was of “critical importance,” citing how its information sharing with U.S. prosecutors and…

WBTC supply on Ethereum dropped 35% since LUNA collapse

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in Uncategorized

[ad_1] Wrapped Bitcoin (WBTC) supply on Ethereum (ETH) plunged by over 35% to 183,450 since Terra (LUNA) collapsed in May 2022, according to Glassnode data. WBTC’s market cap fell to as low as $3.10 billion in December 2022 from a peak of $13.03 billion in April 2022, according to CryptoSlate data. Source: Glassnode The chart above…

Coinbase to halt operation in Japan

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[ad_1] Coinbase announced that it would be halting its operation in Japan due to current market conditions. The exchange said in a Jan. 18 announcement that it was forced it to “make the difficult decision” to halt operations in the country and conduct a complete revision of its Japanese business. The decision comes just days…

Active crypto developers grew 5% YoY despite market decline

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in Uncategorized

[ad_1] BitcoinMonthly active developers grew 5% YoY, despite a more than 70% decline in crypto prices in 2022, according to a recent crypto developer report from venture firm Electric Capital. The report also outlined more than 8% YoY growth in Full-Time developers. The report said: “Full-Time developer growth is the most important growth signal to…

SBF said it was ‘okay’ that Alameda was borrowing FTX user funds

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[ad_1] Weeks before the FTX collapse, a top executive raised concerns to founder and then CEO Sam Bankman-Fried (SBF) about Alameda’s significant debt to FTX, the New York Times (NYT) reported. The report cited documents viewed by the NYT, detailing private communications between the governments of the U.S. and the Bahamas. The FTX executive —…

SEC allegedly leaked crypto miner names, emails

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[ad_1] The U.S. Securities and Exchange Commission allegedly leaked the personal data of crypto miners, according to a Jan. 17 report by the Washington Examiner. The right-wing news outlet said that the SEC leaked that data during its investigation of Green, a blockchain project that is building a decentralized power grid. The project’s user base…

Genesis owner DCG suspends dividend payouts

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[ad_1] Genesis Broker, Exchange, Lending Company in North America Genesis is an institutional digital asset markets and a full-service digital currency prime brokerage providing a single point of access for select qualified individuals and global institutional investors. More about Genesis Info Twitter LinkedIn [ad_2] Source link

Alameda’s $65B ‘backdoor’; Thailand’s digital wallet system

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[ad_1] The biggest news in the cryptoverse for Jan. 17 saw court proceedings reveal that Alameda Research had a $65 billion artificial credit line at FTX. Meanwhile, Thailand has created a mandate that will require crypto companies to establish a digital wallet management system. Polygon has completed its hard fork, Ethereum’s weekly gas expenditure is…

CFTC commissioner says foreign discussions over crypto standards are underway

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