Category: Latest news

—

by

[ad_1] Crypto brokerage Genesis failed to raise funds and is potentially facing bankruptcy without additional funding, Bloomberg reported Nov. 21. The company is rumored to be seeking a $1 billion cash injection into the business after it paused withdrawals on its lending product last week. Fears of a possible Genesis bankruptcy could now spill over…

Cardano’s Hoskinson calls for stronger governance as FTX failure proves humans are ‘bad at being honest’

—

by

[ad_1] Input Output (IO) CEO Charles Hoskinson argued that cryptocurrency needs strong governance to avoid repeating what happened at the defunct FTX exchange. Delivering the keynote speech at IO ScotFest, Hoskinson spoke at length on Cardano’s governance phase, Voltaire. Using the failings at FTX for context, he said: “Crypto didn’t fail. No cryptocurrencies went down.…

Genesis received over $1B worth of FTT from Alameda, FTX in last 3 months

—

by

[ad_1] An analysis of the Arkham Intelligence dashboard CryptoSlate Research shows that popular crypto lender Genesis received billions in FTT tokens from bankrupt crypto firms Alameda Research and FTX over the past year. FTX’s FTT Transfers to Genesis (Source: Arkham Intelligence) FTX’s FTT Transfers to Genesis (Source: Arkham Intelligence) For context, Genesis received $932.56 million…

Asia has a growing crypto developer community w/ BUIDL Asia, APAC DAO – SlateCast #33

—

by

[ad_1] KryptoSeoul founder Erica Kang and APAC DAO co-founder Nicole Nguyen joined CryptoSlate’s Akiba to talk about the potential in the Asian markets and their joint event BUIDL Asia. BUIDL Vietnam Korean-based KryptoSeoul is a group of crypto enthusiasts who came together to create an ecosystem, foster growth and support global blockchain projects. In addition,…

Singapore’s watchdog says Binance placed on Investor Alert List over FTX due to unlicensed activity

—

by

[ad_1] The Monetary Authority of Singapore (MAS) said it placed Binance on its Investor Alert List (IAL) and not the bankrupt FTX because the former is actively looking for users in the country, while the latter is not, according to a Nov. 21 statement. The watchdog added that neither Binance nor FTX are licensed to…

BoE speculates FTT token fire sale may have sparked FTX collapse, calls for widespread regulation

—

by

[ad_1] Bank of England’s (BoE) Deputy Governor for Financial Stability Jon Cunliffe published a speech on Nov. 21, where he said that the FTX collapse was triggered by an FTX Token run and that the crypto space should be brought under regulation to offer stability. FTX collapse and the FTT run Cunliffe talked about the…

‘Boring’ Litecoin makes play for top 10 amid market meltdown

—

by

[ad_1] Litecoin has been climbing the crypto market cap ranking and currently stands at rank 15 with a market cap of as of press time. Meanwhile, the shake-up sees Solana move in the other direction, sliding from its top 10 position at the end of October to place behind Litecoin at 16th. On Oct 30,…

Hedge fund investor Bill Ackman shills crypto, reveals investment

—

by

[ad_1] Hedge fund investor Bill Ackman on Nov. 20 said he is no longer a crypto skeptic after he found interesting crypto projects that enabled the formation of useful businesses and technologies. The telephone, the internet, and crypto share one thing in common. Each technology improves on the next in terms of its ability to…

99% ETH OFAC compliance to slow block time to 3hrs but not censor

—

by