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Logo of FTX and mobile phone

FTX to resume paying wages

FTX Trading and its affiliates will resume paying wages to employees globally and to some non-U.S. contractors and service providers
blockfi logo and thunderstorm | BlockFi files for bankruptcy protection, set to sue Sam Bankman-Fried over collateral | blockfi, sam bankman fried, changpeng zhao, ftx, binance

BlockFi files for bankruptcy protection, set to sue Sam Bankman-Fried over collateral

The cryptocurrency lender was hit by the earthquake set off across the industry by the collapse and bankruptcy of the FTX crypto exchange this month, and other companies are looking vulnerable.
European Central Bank President Christine Legarde. | ECB’s Christine Lagarde: Further crypto regulation is ‘absolute necessity’

ECB’s Christine Lagarde: Further crypto regulation ‘absolute necessity’ following FTX collapse

Christine Lagarde of the European Central Bank said regulating cryptocurrency in the EU is an “absolute necessity” following the collapse of Bahamas-based exchange FTX.com.
Kraken exchange logo on a smartphone screen

Kraken pays over US$360K to US Treasury to settle Iran sanctions allegations

U.S.-based cryptocurrency exchange Kraken has agreed to pay over US$362,000 to settle claims that it violated sanctions against Iran, the Treasury said Monday.
People in Metaverse social networks wearing VR glasses

Will the future metaverse amplify the good or the evils of the real world?

The metaverse has the potential to improve access to opportunities and create a better version of the offline world. How do we prevent it from perpetuating society’s ills?
blockfi logo | U.S. cryptocurrency lender BlockFi files for Chapter 11 bankruptcy, will lay off about 200 staff | blockfi, ftx, sam bankman fried

U.S. cryptocurrency lender BlockFi files for Chapter 11 bankruptcy, will lay off about 200 staff

Crypto lender BlockFi Inc. and eight of its affiliates have filed for Chapter 11 bankruptcy reorganization in the U.S.
and
Bitcoins sitting ontop of a pile of U.S. bills. | Markets: Top 10 crypto fall as Blockfi enters bankruptcy, macroeconomic concerns spread

Markets: Top 10 crypto fall as BlockFi enters bankruptcy, macroeconomic concerns spread

Bitcoin and Ether fell in Tuesday morning trading in Asia as U.S.-based crypto lender Blockfi filed for bankruptcy overnight in what is seen as another casualty of the collapse of the FTX exchange this month.
BIFRONT Closure notice | LINE’s crypto exchange BITFRONT announces closure, to suspend trading by 2023 | line blockchain, bitfront, softbank, naver, z holdings

LINE’s crypto exchange BITFRONT announces closure, to suspend trading by 2023

LINE’s cryptocurrency exchange based in the U.S., BITFRONT, has announced closure on Monday to shift its focus to developing LINE’s blockchain ecosystem.
digital financial trading chart with the word blockchain on tiles

Blockchain is transforming capital markets, and Singapore is leading the way: Opinion

Asset tokenization and DeFi hold tremendous potential for the finance sector, writes Han Kwee Juan of DBS Bank. Here’s how the Singaporean government is at the forefront of change.
illustration of virtual world/metaverse | U.S., S. Korea applied for over 75% of world’s metaverse patents: report | metaverse, vr, ar

U.S., S. Korea applied for over 75% of world’s metaverse patents: report

Companies based in the U.S. and South Korea have filed for more than 75% of patent applications related to the metaverse, VR and AR.
opensea 1

NFT images of anti-lockdown protests in China flood OpenSea

Pictures taken from protests against China’s zero-Covid policy across the mainland are now for sale on OpenSea, the largest NFT marketplace, as non-fungible tokens (NFT).  See related article: ‘Voice of April’ NFTs highlight Shanghai struggles amid lockdown  Fast facts See related article: Bitcoin price follows slide in Asia equity markets amid growing China protests against […]
Nigeria to become the first African country to launch a CBDC

Nigeria seeks distinction between digital assets and crypto 

Nigeria seeks to advance digital asset trading in the country but is drawing a distinction between digital assets and cryptocurrencies.
Terraform Labs cofounders Daniel Shin (left) and Do Kwon (right) | Terra-Luna cofounder Daniel Shin may face fraud charges in South Korea, prosecutors say | daniel shin, do kwon, terraform labs

Terra-Luna cofounder Daniel Shin may face fraud charges in South Korea, prosecutors say

South Korean prosecutors may charge Terraform Labs cofounder Daniel Shin with fraud for promoting the Terra stablecoin as a payment method despite multiple warnings from financial regulators that it was against the law.
Binance founder and CEO Changpeng Zhao. Image: Binance/Youtube

Changpeng Zhao says Binance has ‘no negative balances involved’ in proof of reserves

Changpeng Zhao tweeted that Binance’s proof of reserves have “absolutely no negative balances involved” after the exchange released its PoR on Friday.
Bitcoin price follows slide in Asia equity markets amid growing China protests against Covid-19 lockdowns

Bitcoin price follows slide in Asia equity markets amid growing China protests against Covid-19 lockdowns

Reports of civil disobedience, protests and clashes with the police in cities and universities in China are unnerving financial markets in Asia
Australian bank notes

Australian fintech firm launches new AUD stablecoin, AUDE

Australian blockchain fintech startup Ettle Pty Ltd. has completed the first transaction on its recently launched Australian dollar-pegged stablecoin, AUDE.
A number of Bitcoins laying on a table. | Markets: Bitcoin little changed, Dogecoin leads pack in muted morning of trading

Markets: Bitcoin little changed, Dogecoin leads pack in muted morning of trading

Bitcoin was little changed in Monday morning trading amid mixed results from the other top 10 non-stablecoin cryptocurrencies following a relatively muted few days of trading over the Thanksgiving weekend in the U.S.
fundraising

Singapore’s Matrixport eyes US$100 mln fundraiser at US$1.5 bln valuation

Singapore-based crypto lender Matrixport is hoping to raise US$100 million at a valuation of US$1.5 billion, according to a Bloomberg report citing unnamed sources.  
Binance

Binance releases proof of reserves

The world’s largest cryptocurrency exchange Binance released its proof of reserves (PoR) on Friday to provide transparency on user funds.
Sam Bankman-Fried, founder and former chief executive officer of cryptocurrency exchange FTX.

Sam Bankman-Fried could face decades in jail if convicted of law violations in FTX collapse, lawyers say

The former CEO of the collapsed crypto exchange “needs to keep his mouth shut” and stop making public comments that could be used against him in future court cases, lawyers tell Forkast.

Markets: Bitcoin, Ether fall; Litecoin leads decline across most top 10 crypto

Bitcoin and Ether fell in Asian trading on Thursday afternoon, with Litecoin seeing the steepest drop in declines across most top 10 non-stablecoin cryptocurrencies ranked by market capitalization
henry chang, wemade CEO | S.Korean Wemade’s stock fall 30% after announcing WEMIX token delisting; CEO blames Upbit exchange | wemade, henry chang, wemix, wemix token, mir4, wemix 3.0

S.Korean Wemade’s stock falls 30% after exchanges announce WEMIX token delisting; CEO blames Upbit exchange

The delisting poses a great obstacle to the game maker’s growing blockchain empire, while Wemade’s CEO blames the crypto exchange
Fox walking around in the grass. | Web3 wallet MetaMask responds to criticism that recent update collects users data: “we changed nothing”

MetaMask says “we changed nothing” in response to criticism update collects more user data

ConsenSys, which operates the popular cryptocurrency wallet MetaMask, said an update to the wallet has made no change to the data the platform collects from its users, only the wording had changed.
blockchain

Stablecoin project Ardana on Cardano halts operation

Ardana, a stablecoin project being built on the Cardano blockchain, announced the project has been halted due to funding and uncertainty over its timeline.
screenshot of Hodlnaut's website

Singapore police say they are investigating crypto lender Hodlnaut on fraud allegations

Singapore’s white-collar crime unit is investigating Hodlnaut on allegations of fraud, according to a statement on the website of the Singapore police dated Nov. 23.
Doctor inspecting piggy bank with stethoscope, economy recession due to global COVID-19 coronavirus world pandemic outbreak,financial hardship & uncertain future,health care,life savings & insurance

Binance says it will set up US$1 billion ‘recovery’ fund for distressed crypto businesses

Binance said it will establish a US$1 billion fund for its “Industry Recovery Initiative” to mitigate the damage from the collapse of the FTX exchange. 
Changpeng CZ Zhao, CEO of crypto exchange Binance

Binance CEO Changpeng Zhao says he should have tweeted sooner about FTX woes

The chief executive officer of Binance, Changpeng Zhao, regrets sending ‘too late’ a tweet that contributed to the collapse of FTX.com.
close up of ethereum on a stack of bitcoin golden coins. | Markets: Bitcoin little changed, Ether rises ahead of ‘Shanghai’ upgrade, XRP climbs

Markets: Bitcoin little changed, Ether rises ahead of ‘Shanghai’ upgrade, XRP climbs

Bitcoin traded little changed Friday morning in Asia, while Ether rose amid a mixed performance by the top 10 non-stablecoin cryptocurrencies by market capitalization.
Bitcoincash 1

Crypto exchange Bybit establishes US$100 million fund to aid institutional clients

Crypto exchange Bybit has established a US$100 million fund to support its institutional clients

Russia plans launch of national crypto exchange

Russian lawmakers aim to launch a national cryptocurrency exchange, supported by the country’s Ministry of Finance and the Central Bank of Russia.
coindcx

India’s CoinDCX crypto exchange publishes proof of reserves

Cryptocurrency exchange CoinDCX, India’s first crypto unicorn, published its proof of reserves on Thursday
Solana

Markets: Bitcoin, Ether extend gains; Solana leads rise across most top 10 cryptos

Bitcoin and Ether increased in Asia trade on Thursday afternoon. The top 10 non-stablecoin cryptocurrencies by market capitalization also mostly rose, with Solana leading gains
football fans

Fake crypto awards on the rise during football world cup: research

Global cybersecurity firm Kaspersky has warned against fraudsters taking advantage of football fans during the ongoing FIFA World Cup Qatar 2022.

Hex Trust bags virtual asset license from Dubai

Digital asset custodian Hex Trust received the MVP license from Dubai’s Virtual Assets Regulatory Authority on Nov. 24.
Sam Bankman-Fried and Bernie Madoff.

Question: How do financial rules work when rogue individuals run companies? Answer: Not very well.

Calls for tougher rules on cryptocurrency have been echoing ever louder through the offices of global financial regulators since the collapse of the FTX exchange. But the firm did not invent dodgy business practices, so what can regulators and the industry do?
and
Bitcointablet 2

Digital Currency Group seeks to calm investors over Genesis loans: reports

Barry Silbert of DCG disclosed his company owes a US$575 million loan and a US$1.1 billion promissory note to its subsidiary Genesis Global Capital.
Elizabeth Warren

US senators call for holding FTX executives accountable to fullest extent of the law

U.S. Senators Elizabeth Warren and Sheldon Whitehouse called for holding former FTX CEO “and any complicit FTX executives” to the fullest extent of the law.
Rescued pig-butchering human trafficking victims. Image: Senate Session No. 29, November 21, 2022

Chinese mafia forcing Filipinos to work for crypto scams, says Philippine Senator

The organized crime gangs victimize both the trafficked and those that get scammed, according to the official
Bitcoin cryptocurrency token on a dark background. | Wallet linked to defunct crypto exchange BTC-e activates

Wallet linked to defunct crypto exchange BTC-e suddenly activates

A wallet address linked to defunct crypto exchange BTC-e sent its largest transaction since August 2017 on Wednesday.
Sam Bankman-Fried

Disgraced FTX founder SBF to speak at New York Times Dealbook Summit despite controversy

Sam Bankman-Fried will speak at a time when he’s reportedly facing investigations with FTX undergoing bankruptcy protection proceedings.
dictionary macro of the word bankrupt and FTX notice

The crash and burn of FTX: What lessons does it teach us?

As FTX victims and creditors sift through the pieces, how much of this blowup should regulators have seen coming — and could it happen again?
Bitcoins sitting ontop of U.S. cash. | Markets: Bitcoin, crypto rise as Fed minutes suggest easing interest rate hikes

Markets: Bitcoin, Ether rise as Fed minutes suggest an easing in interest rate hikes

Bitcoin and Ether were both trading up as the U.S. Federal Reserve released meeting minutes suggesting it is looking to slow the rate of interest rate rises.
kyoto, japan

Japan’s central bank to test digital yen with three megabanks: report

The Bank of Japan, the country’s central bank, will conduct experiments with three megabanks and regional banks on a digital yen, according to a report by Nikkei on Wednesday. 
A monochrome image of Tornado Cash developer Alexey Persev layered with a Dutch flag

Tornado Cash developer Alexey Pertsev to remain in jail until February

Alexey Pertsev, a developer of the now-sanctioned crypto mixer Tornado Cash, has been ordered to stay in jail until Feb. 20 at least.
US Bitcoin

New York Attorney General eyes ban of crypto purchases through retirement funds

New York Attorney General (NYAG) Letitia James has recommended prohibiting crypto investments in defined contribution plans and individual retirement accounts (IRAs).
Genesis, FTX and China flag on phone

Genesis jitters keep investors on edge as contagion risks grow

Top blockchain and crypto news: Fear stalks crypto as Genesis wobbles. FTX cleanup begins. China’s NFT scene shrinks.
Sam Bankman-Fried, founder and former CEO of FTX

At FTX’s first bankruptcy hearing, lawyer calls out ‘substantial amount’ of missing, stolen assets

In the first day of FTX’s bankruptcy hearing, FTX counsel says the organization was run as ‘personal fiefdom’ of Sam Bankman-Fried.
CoinSwitch

India’s CoinSwitch launches platform to enable multi-exchange trading with single login

Indian crypto exchange CoinSwitch has launched CoinSwitch Pro, a multi-exchange trading platform that lets users trade crypto assets in Indian Rupees across multiple exchanges with a single login. 
Ethereum

Markets: Bitcoin, Ether prices rise as top 10 cryptos strengthen

Bitcoin and Ether strengthened in Asia trade on Wednesday afternoon, reversing some of their losses on Monday and Tuesday. Top 10 cryptocurrencies by market capitalization, except stablecoins, also increased.
DBS

Singapore’s DBS bank completes intraday repurchase transaction on JPMorgan’s blockchain-based platform

Singapore-based DBS bank, the largest lender in Southeast Asia, has said it is the first bank in Asia to complete an intraday repurchase transaction on a blockchain-based network. 
Seoul Cityscape | S.Korea’s top regulator says digital assets, virtual assets are different | korea, fsc, crypto, digital assets

S.Korea’s top regulator says digital assets, virtual assets are different

While the crypto industry grapples with the definition of blockchain-based digital tokens, South Korea wants to nail down the terminology.
Bitcoin1 2

CoinMarketCap launches proof-of-reserve tracker for crypto exchanges

CoinMarketCap has introduced a proof-of-reserve tracker for centralized crypto exchanges in a bid to improve transparency.
coinbase

Coinbase CEO reaffirms exchange’s BTC holdings after CZ’s tweet

Coinbase CEO Brian Armstrong is reassuring users about the financial health of the Nasdaq-listed crypto exchange, following a tweet — since deleted — from CZ of Binance.
compute north

Crypto mining firm Foundry to buy mining sites from embattled Compute North

Crypto mining firm Foundry Digital LLC plans to acquire two turnkey crypto mining facilities in the U.S. from troubled Compute North.
ifland metaverse avatars | S.Korea’s Ifland metaverse launches globally in 49 countries | ifland, sk telecom, south korea metaverse

S.Korea’s Ifland metaverse launches globally in 49 countries

South Korea’s telecommunications giant SK Telecom (SKT) is launching its Ifland metaverse in 49 countries in North America, Europe, the Middle East and Asia.
bitcoin and crypto mining farm big data center SG2T6JS

New York State passes two-year moratorium on some crypto mining facilities

New York became the first U.S. state to enact a temporary ban on new cryptocurrency mining permits at fossil fuel plants, despite lobbying against the measure. 
Bitcoin resting in some sand. | Markets: Bitcoin, crypto rise as FTX contagion fears ease

Markets: Bitcoin, crypto rise as FTX contagion fears ease

Bitcoin recovered above US$16,000 in Wednesday morning trading as it rose along with Ether and the rest of the crypto top 10 by market capitalization, excluding stablecoins.
How tokenization could transform Hong Kong’s fixed income markets

Regulators should seek greater disclosure from stablecoin issuers: HK monetary authority researchers

Regulators should seek more disclosure from stablecoin issuers, as stablecoins could transmit risk from markets to traditional finance, according to researchers at the Hong Kong Monetary Authority
Bitcoin BTC cryptocurrency on silver futuristic hand

Cathie Woods buys the dip as Ark Invest scoops up Coinbase, GBTC shares: Bloomberg

Cathie Wood’s Ark Investment Management has bought over 1.3 million shares of Coinbase Global since the start of November, and 450,000 shares of Grayscale Bitcoin Trust (GBTC).
Seychelles

Crypto exchange Bitget to expand workforce by 50%, registers in Seychelles

Cryptocurrency exchange Bitget plans to hire about 400 more staff, taking its total workforce to 1,200 by the first quarter of 2023, the company said in a statement on Tuesday.
Photo of 'The Orchid,' a Bahamas penthouse listed for sale by SBF soon after the collapse of FTX

SBF’s parents, FTX executives bought Bahamas property worth US$121 million: Reuters

The parents of Sam Bankman-Fried, along with senior executives of the now-bankrupt FTX, bought at least 19 properties worth nearly US$121 million in the Bahamas over the past two years.
Cardano to close 2022 at $2.79, experts predict

Cardano, blockchain payment firm Coti to launch algorithm stablecoin Djed in Jan 2023

Proof-of-stake blockchain platform Cardano and blockchain payment platform Coti will launch an algorithmic stablecoin Djed in January 2023
Warren Buffett

Warren Buffet’s Berkshire Hathaway warns of scam crypto site with same name

Berkshire Hathaway, the investment conglomerate run by billionaire Warren Buffet, has issued a warning about a fake cryptocurrency website that uses the Berkshire Hathway name.
football fans

Football most popular sport among crypto investors: KuCoin survey

Football is the most popular sport among crypto investors and 48% of fans among these investors are interested in trading fan tokens for sports teams during the FIFA World Cup, according to a new survey by Seychelles-based crypto exchange KuCoin. 
justin sun

Huobi plans Southeast Asia, Europe, Caribbean expansion

Huobi Global, one of the world’s largest cryptocurrency exchanges, plans to ramp up its investments in Southeast Asia and Europe as part of its global expansion, the company said in a statement on Tuesday.
hong kong

Hong Kong residents spend most time online globally: NordVPN survey

Hong Kong residents spend the most time online – almost half of their lives – mainly watching videos on YouTube followed by scrolling through social media channels, according to a new survey by virtual private network provider NordVPN. 
Huang Hui

China’s foreign exchange bureau urges stronger legislation to regulate crypto trade

China should integrate legislation on cryptocurrencies in order to better regulate crypto tradings, said Huang Hui, a deputy director of the Supervision and Inspection Department of State Administration of Foreign Exchange.
Thailand and HK flag | Thai crypto exchange eyes Hong Kong expansion over NY post-FTX saga | bitkub, hong kong, ftx

Thai crypto exchange eyes Hong Kong for possible public share sale in 2024: report

Bitkub, one of the largest crypto exchanges in Thailand, is aiming to list in Hong Kong as early as 2024 when it goes public.
Fidelity considers Bitcoin trading on brokerage platform: WSJ

US senators urge Fidelity to drop BTC retirement plan after FTX collapse

U.S. Senators Elizabeth Warren, Dick Durbin and Tina Smith asked Fidelity Investments to rethink its decision to grant retirement plan exposure to Bitcoin.
Digital crime by an anonymous hacker

FTX alleged hacker is moving funds to dodge authorities: analysts

The alleged hacker behind the theft of hundreds of millions of dollars from the cryptocurrency exchange FTX is moving the funds around to separate wallets.
Bitcoin 2022 Conference Draws Cryptocurrency Industry Professionals And Investors To Miami

Bitcoin price falls to more than two-year low amid growing concerns about FTX fallout

Investors are unnerved by the possibility of more failures among companies linked to the now bankrupt FTX exchange, fearing a repeat of the Terra-Luna stablecoin collapse in May that also brought down other businesses.
Changpeng Zhao, Binance's founder and CEO

Binance says it will hire 600 by year end, bring total employees to 8,000

The world’s largest crypto exchange seeks to hire 600 more employees by the end of this year, its founder and chief executive officer said.

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