Category: Latest news

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[ad_1] Highlights Jason’s recent move to Taipei, Taiwan for his venture capital firm, Sora Ventures The advantages of Taiwan as a location for blockchain and cryptocurrency companies The potential for experimentation and innovation in the blockchain industry in Taiwan The comparison of Taiwan to Singapore and Hong Kong in terms of their regulatory frameworks and…

FTX CEO John Ray testimony before Congress, SBF denied bail

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[ad_1] On Dec. 13 at 10 am ET, John J. Ray III, CEO of the FTX Group, sat as a witness on a hearing entitled “Investigating the collapse of FTX, Part I.” Sam Bankman-Fried was scheduled to attend the hearing but was unable to do so following his arrest. Late on Dec. 13 news broke…

SBF faces 8 criminal charges; Binance reportedly has billions in undisclosed reserves

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[ad_1] The biggest news in the cryptoverse for Dec. 13 includes the arrest of former FTX CEO Sam Bankman-Fried, the testimony of FTX’s new CEO John Ray on what led to the exchange’s failure and Binance reportedly having billions stored away in secret reserves. CryptoSlate Top Stories The indictment filed by the US Attorney for…

Binance Ethereum-based token withdrawals top $2B in 24 hours

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[ad_1] Binance recorded over $2 billion in outflows in Ethereum-based tokens since Dec. 12 –its highest daily withdrawal since June– according to Nansen data. Source: Nansen When Binance users’ withdrew assets this aggressively in June, the crypto market was reeling from Terra Luna’s collapse. A separate tweet from the blockchain intelligence platform reported that the…

Tether to reduce secured loans to zero by 2023

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[ad_1] Tether (USDT) said it would remove its secured loans in its reserves by 2023, according to a Dec. 13 blog post. A Dec. 1 Wall Street Journal report said Tether’s secured loan was 9% (roughly $6.1 billion) of its total assets as of Sept. 30. The report added that the stablecoin issuer might not…

Canada bars exchanges from margin, leverage trading; says stablecoins might be securities

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[ad_1] Canada’s Securities Administrators (CSA) on Dec. 12 barred crypto exchanges operating in the country from offering margin or leverage trading services to any Canadian client. The regulator added that these crypto exchanges must hold their Canadian clients’ assets with an appropriate custodian and segregate them from the platform’s proprietary business. CSA noted that stablecoins…

SBF allegedly worked with Bahamas government to mint millions of FTX tokens

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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 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…

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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