Bankman-Fried beamed into New York from the Bahamas to give his version of what happened at FTX, mentioning his own failure of oversight and being “frankly surprised” by what was going on at his company’s sister brokerage.

Timmy Shen — December 1, 2022 | 5:11 pm HKT

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NFT sales rise for first time in 7 months in November despite crypto price slump

NFT investors seemingly see opportunities in a month full of surprises and headwinds for the broader cryptocurrency market.

Lachlan Keller — December 2, 2022 | 4:26 pm HKT

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Tether launches offshore yuan-pegged stablecoin on Tron

Tether, the world’s largest stablecoin provider, will include the CNHT stablecoin on Justin Sun’s Tron network.

Ningwei Qin — December 7, 2022 | 10:32 pm HKT

S.Korea court dismisses Wemade’s injunction, local exchanges to delist WEMIX

A Seoul court has dismissed the injunction filed by Wemade Co. Ltd. to stop four local digital asset exchanges from delisting WEMIX cryptocurrency

Danny Park — December 7, 2022 | 7:17 pm HKT

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AAX’s future in doubt amid staff exodus and FTX contagion

Top blockchain and crypto news: AAX teeters on the brink. SBF hints at Congressional hearing no-show. Chinese court boosts NFT legitimacy.

Forkast.News — December 7, 2022 | 7:03 pm HKT

3AC founders moved money out of troubled hedge fund, allege liquidators

Judge approves subpoenas for 3AC cofounders

A federal judge overseeing the bankruptcy proceedings of Three Arrows Capital (3AC) has approved the delivery of subpoenas to 3AC’s cofounders, Su Zhu and Kyle Davies.

Zoltan Vardai — December 7, 2022 | 6:13 pm HKT

Markets: Bitcoin, Ether weaken; Dogecoin leads slump across top 10 cryptos

Bitcoin and Ether fell in Asian trading on Wednesday afternoon, with Dogecoin leading declines across top 10 non-stablecoin cryptocurrencies

Ningwei Qin — December 7, 2022 | 6:05 pm HKT

Sam Bankman-Fried hires attorney Mark Cohen amid probes of failed FTX exchange

Sam Bankman-Fried, founder and former chief executive officer of the bankrupt cryptocurrency exchange FTX, has hired white-collar crime specialist Mark Cohen to represent him, said a Bankman-Fried spokesman.

Timmy Shen — December 7, 2022 | 12:46 pm HKT

Markets: Bitcoin, Ether rise in slow trading, Solana gains on Web3 game partnership

Bitcoin edged up above US$17,000 in Wednesday morning trading, a level it has fluctuated around for much of the past week.

Lachlan Keller — December 7, 2022 | 9:25 am HKT

Unfazed by FTX fiasco, Goldman Sachs eyes investments in crypto market

Goldman Sachs plans to spend millions of dollars to buy or invest in undervalued crypto companies in the post-FTX implosion market depression, as it sees long-term market opportunity, according to Reuters

Ningwei Qin — December 6, 2022 | 8:20 pm HKT

Hong Kong’s race to launch first crypto-linked ETF begins

Three Hong Kong-based asset management firms have applied for exchange-traded funds (ETFs) tracking Bitcoin and Ethereum futures for retail investors.

Zoltan Vardai — December 6, 2022 | 8:07 pm HKT

Crypto lender Nexo to quit U.S. market over ‘regulatory unclarity’

Cryptocurrency lender Nexo will pull out of the U.S. market “due to a lack of regulatory clarity.”

Zoltan Vardai — December 6, 2022 | 7:14 pm HKT

Markets: Bitcoin, Ether fall; Polkadot is biggest loser in top 10 cryptos

Bitcoin and Ether declined in Asian trading on Tuesday afternoon. All other top 10 non-stablecoin cryptocurrencies retreated, with the largest decline seen in Polkadot

Ningwei Qin — December 6, 2022 | 6:02 pm HKT

Bankrupt crypto lender Celsius gets court approval for extension to file restructuring plan

Cryptocurrency lender Celsius Network has received approval from the bankruptcy court of the Southern District of New York to extend the deadline to submit a restructuring plan

Ningwei Qin — December 6, 2022 | 4:10 pm HKT

Bitcoin mining hardware. Image: Getty Images

Bitcoin mining difficulty drops more than 7% as cash crunch hits miners

Miners face a liquidity crunch as cryptocurrency prices slide, with the world’s largest publicly-listed miner, Core Scientific, saying it may run down its cash reserves by the end of this year.

Timmy Shen — December 6, 2022 | 4:04 pm HKT

S.Korea central bank puts hand up to regulate stablecoins

The Bank of Korea (BOK) claimed it needs the authority to monitor and supervise stablecoins, according to the South Korean central bank’s report published on Monday.

Danny Park — December 6, 2022 | 3:52 pm HKT

Majority of ‘wealthy’ South Koreans say no plan to invest in crypto, cite lack of trust

The majority (58.3%) of South Koreans with assets of 1 billion Korean won (US$760,000) said they don’t plan to invest in cryptocurrencies.

Danny Park — December 6, 2022 | 2:21 pm HKT

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