Author: e_cash_top

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[ad_1] Lawyers representing FTX in the bankruptcy process alleged that the government of the Bahamas worked closely with Sam Bankman-Fried to mint millions of tokens, post-FTX collapse, according to Fortune. Following FTX’s bankruptcy on Nov. 11, the Securities Commission of Bahamas took control of the assets in FTX’s custody for “safekeeping.” FTX’s legal team claimed…

Binance offloaded $140M in Bitcoin in the last 24 hours

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[ad_1] Glassnode data analyzed by CryptoSlate shows that leading exchange Binance offloaded $137 million worth of Bitcoin (BTC) in the last 24 hours. Binance reserves in the last 24 hours In the meantime, nearly $32 million worth of Ethereum (ETH), $300 million worth of USD Coin (USDC), and $200 million in both Binance USD (BUSD)…

Binance may have billions stashed in secret reserves not disclosed to public – Sources

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[ad_1] Binance’s publicly reported reserves may only be a fraction of all the assets it holds and the exchange has “more money than it is letting on,” a source told CryptoSlate, citing people familiar with the matter — including ex-Binance employees. Sources told CryptoSlate that “Binance is safe” since the exchange’s CEO Changpeng ‘CZ’ Zhao…

Bitcoin spikes to $18,000 on better than expected CPI data

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[ad_1] The release of November’s Consumer Price Index (CPI) data showed inflation at 7.1% year-on-year (YoY). This came in better than the estimated 7.3% figure. Bitcoin spiked 2.6% on the news and was trading just short of $18,000, as of press time. Source: BTCUSDT on TradingView.com The post Bitcoin spikes to $18,000 on better than…

BTC back above $17K as market turns green again

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[ad_1] Over the last 24 hours, the cryptocurrency market cap saw net inflows of $11.76 billion and currently stands at $856.13 billion — up 1.42% as of press time. Meanwhile, Bitcoin and Ethereum’s market cap was up 2.64% and 2.56% to $335.47 billion and $157.52 billion, respectively. The top 10 cryptocurrencies posted mixed performances over…

Justin Sun deposits $100 million to Binance amid FUD campaign

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[ad_1] On Dec. 13, TRON founder Justin Sun tweeted that he had deposited $100 million to Binance. The accompanying transaction link confirmed 100 million USDC going to address 0xd189…eb48 at around 07:00 UTC. Source: @justinsuntron on Twitter.com In response, Binance CEO Changpeng Zhao (CZ) said the funds were related to a deal bringing BUSD to…

Hong Kong Stock Exchange to list CSOP Asset Management’s Bitcoin, Ethereum ETF

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[ad_1] CSOP Asset Management has received approval to list its Bitcoin and Ethereum exchange-traded funds (ETFs) on the Hong Kong Stock Exchange by Dec. 16. CryptoSlate reported on Oct. 31, that the government of Hong Kong released its crypto policy statement which allowed retail investors to legally invest in crypto assets. Simultaneously, the Hong Kong…

Courts orders the CFTC to serve lawsuit to Ooki DAO’s original founders

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[ad_1] U.S. District Judge William Orrick has ordered the Commodity Futures Trading Commission (CFTC) to serve its Ooki DAO lawsuit to Tom Bean and Kyle Kistner, who were the original founders of the defunct bZeroX protocol. Ooki DAO is a decentralized trading protocol, founded in 2021 as a successor to bZeroX protocol, which operated a…

Binance clarifies USDC withdrawals were due to token swap, replenishing hot wallet

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[ad_1] Binance CEO Changpeng ‘CZ’ Zhao blamed banks for the exchange delay in processing USD Coin (USDC) withdrawals in a Dec. 13 tweet. CZ added: “These are 1:1 conversions, no margin or leverage involved. We will also try to establish more fluid swap channels in the future.” The Binance CEO further urged users to withdraw…

FTX CEO John Ray blames collapse on ‘inexperienced and unsophisticated individuals’ in testimony following SBF arrest

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