Category: Latest news

[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…

[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…

[ad_1] FTX CEO John Ray III Dec. 13 testimony to the U.S. Congress revealed that the bankrupt exchange commingled assets and stored wallets’ private keys without encryption. According to Ray, FTX’s collapse was caused by the failure of corporate controls — the worst he has seen in his over 40 years of handling bankruptcy cases.…

[ad_1] According to documents filed on Dec. 12, the Debtors of FTX are attempting to obfuscate the bankruptcy hearing by continuing to insist all individual and corporate client identities are sealed unless specifically requested to be revealed. Sealing of personal information While the personal information of individual investors can rightly be viewed as private information…

[ad_1] Crypto mining firm Argo Blockchain has requested the resumption of trading for its ARB shares on the London Stock Exchange (LSE) after the UK Financial Conduct Authority suspended it. Reports emerged on Dec. 10 that Argo Blockchain was looking to file for bankruptcy as it is facing a severe liquidity crunch. As a result,…

[ad_1] Crypto holding company Bitcoin Group has moved to buy one of the world’s oldest banks Bankhaus von der Heydt, for roughly $15 million. Bankhaus von der Heydt was founded in 1754 as a privately-owned bank offering traditional and digital assets banking. It became the first bank in German to offer cryptocurrency trading and custody…

[ad_1] FTX co-founder Sam-Bankman Fried gave ambiguous answers to questions about the mixing of user funds, investing in The Block, and more during a recent Twitter space hosted by Autism Capital. In response to a question regarding the mismanagement of user funds, Sam replied that from Nov 6th to Nov 10th, he looked into everything…

[ad_1] Since the last market update report, the cryptocurrency market cap saw net outflows of $16.68 billion and currently stands at $844.36 billion — down 1.44% over the last 24 hours. Meanwhile, Bitcoin and Ethereum’s market cap is down 1.12% and 1.72% to $326.29 billion and $153.03 billion, respectively. The top 10 cryptocurrencies all posted…

[ad_1] The Hong Kong Securities and Regulatory Commission plans to draft new regulatory provisions to implement under its new crypto regulation system in the wake of FTX’s collapse, according to local media reports. The Commission reportedly argued that the FTX fallout had affected other virtual tokens and the entire crypto industry. The incident demonstrates the…

[ad_1] Speaking on Twitter Space on Dec. 12, Sam Bankman-Fried stated that he is “not currently planning to speak at an upcoming Senate hearing” on Dec. 14.” Previously, SBF confirmed that he was willing to speak before Congress. However, recent revelations indicate that he is “open” if the Senate believes it is important he attends.…