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![Bitcoin price falls to more than two-year low amid growing concerns about FTX fallout 1 Bitcoin 2022 Conference Draws Cryptocurrency Industry Professionals And Investors To Miami](https://forkast.news/wp-content/uploads/2022/11/btc-1-1260x840.jpg)
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.
![Binance says it will hire 600 by year end, bring total employees to 8,000 2 Changpeng Zhao, Binance's founder and CEO](https://forkast.news/wp-content/uploads/2022/11/binance-2-1260x710.jpg)
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.
![Why digital assets need better infrastructure and risk management 3 asset management world cloud](https://forkast.news/wp-content/uploads/2022/11/Forkast-Opinion-Images-10-1260x710.png)
Why digital assets need better infrastructure and risk management
Investor confidence may be shaken, but crypto is here to stay, writes Alex Manson of Standard Chartered’s SC Ventures. Here’s how to restore trust and make the sector more resilient.
![Coinbase Custody holds 635,000 BTC on behalf of Grayscale that refuses to share proof of reserves 4 Grayscale logo | Grayscale says XLM, ZEC and ZEN may be securities after SEC inquiry | grayscale, grayscale sec, ripple sec](https://forkast.news/wp-content/uploads/2022/08/Grayscale_stacked_Black-Registered-1260x1202.png)
Coinbase Custody holds 635,000 BTC on behalf of Grayscale that refuses to share proof of reserves
Coinbase Custody Trust, the institutional investment arm of Coinbase Global, holds 635,000 BTC on behalf of Grayscale Bitcoin Trust, according to a note by Coinbase Custody CEO Aaron Schnarch. Digital investment firm Grayscale has also declined to share proof of reserves, citing security concerns.
![FTX Japan readies for resumption of withdrawals by end-2022: report 5 FTX JP](https://forkast.news/wp-content/uploads/2022/11/FTX-JP-1260x652.png)
FTX Japan readies for resumption of withdrawals by end-2022: report
FTX Japan, a subsidiary of the now-bankrupt FTX.com, is preparing to resume withdrawals by the end of 2022 to Japanese customers, said an unnamed FTX Japan executive to local broadcaster NHK
![Singapore’s central bank says not possible to protect local users from FTX fallout 6 singapore](https://forkast.news/wp-content/uploads/2022/11/singapore3-1-1260x840.jpg)
Singapore’s central bank says not possible to protect local users from FTX fallout
The Monetary Authority of Singapore (MAS) said on Monday that it was not possible for the central bank to protect local users from FTX’s collapse as the crypto exchange operated offshore and was not licensed by MAS.
![Markets: Bitcoin, other tokens add to losses in Asia trading Monday 7 Dogecoin price prediction for 2022 set lower than February peak](https://forkast.news/wp-content/uploads/2022/02/kanchanara-sOp4OSP8Erc-unsplash-1260x838.jpg)
Markets: Bitcoin, other tokens add to losses in Asia trading Monday
Bitcoin and Ether extended their losses through late Asian trading on Monday, as did all the top 10 non-stablecoin cryptocurrencies by market capitalization. Dogecoin was the biggest loser.
![S. Korea mulls requirement for digital asset exchanges to compensate sudden withdrawal suspension 8 Night skyline of Seoul and Bitcoin gold token | S. Korea mulls requirement for digital asset exchanges to compensate sudden withdrawal suspension | south korea, south korea crypto](https://forkast.news/wp-content/uploads/2022/11/soul-bitcoin-1260x945.png)
S. Korea mulls requirement for digital asset exchanges to compensate sudden withdrawal suspension
South Korea’s FSC is considering a requirement that crypto exchanges offset investor losses for the sudden suspension of withdrawal services.
![Bitcoin mining difficulty reaches all-time-high despite slump in price, FTX woes 9 Bitcoin hashrate slumps to lowest in five months amid 100 degree plus weather in Texas](https://forkast.news/wp-content/uploads/2022/07/bitcoin-mining-from-the-soil-2022-02-08-22-37-59-utc-1260x840.jpg)
Bitcoin mining difficulty reaches all-time-high despite slump in price, FTX woes
Bitcoin mining difficulty rose 0.51% to an all-time-high in Monday’s biweekly adjustment, according to BTC.com.
![FTX failed because of humans, not crypto 10 a notice warning against deposits, and that FTX is currently unable to process withdrawals, is displayed on a screen](https://forkast.news/wp-content/uploads/2022/11/GettyImages-1440505807-1260x840.jpg)
FTX failed because of humans, not crypto
Human greed and deception led to FTX’s fall. That’s why the antidote is not more regulations but could be found in blockchain’s original promises, writes Marieke Flament, CEO of NEAR Foundation.
![SEC gets support from New Sports Economy Institute in XRP lawsuit against Ripple 11 Ripple Vs SEC Images](https://forkast.news/wp-content/uploads/2022/11/Ripple-Vs-SEC-Images-6-1260x709.jpg)
SEC gets support from New Sports Economy Institute in XRP lawsuit against Ripple
The U.S. SEC has received support from sports investing group New Sports Economy Institute, which submitted its amicus brief on Friday to weigh in on the ongoing lawsuit between the SEC and Ripple.
![S.Korea examines exchange native tokens after FTX meltdown 12 Flag of South Korea | S.Korea said to examine exchange native tokens after FTX meltdown | south korea ftx, ftx bankruptcy, ftx contagion, sam bankman fried](https://forkast.news/wp-content/uploads/2022/11/flag-of-south-korea-2021-04-05-01-00-26-utc-1260x840.jpg)
S.Korea examines exchange native tokens after FTX meltdown
S.Korean authorities are looking into self-issued cryptocurrencies that may exist within local exchanges following FTX.com’s FTT-led liquidity crisis.
![FTX owes US$3.1 billion to top 50 unnamed creditors, court filing shows 13 FTX's bankruptcy filing](https://forkast.news/wp-content/uploads/2022/11/ftx-2-1260x635.jpg)
FTX owes US$3.1 billion to top 50 unnamed creditors, court filing shows
Collapsed cryptocurrency exchange FTX Trading Ltd. and its affiliates owe their 50 largest creditors about US$3.1 billion, according to a court filing. The creditors were not named.
![Input Output announces privacy-centric blockchain and token on Cardano 14 Cardano token sitting in black soil. | Input Output announces privacy-centric blockchain and token on Cardano](https://forkast.news/wp-content/uploads/2022/11/Cardano-1260x840.jpg)
Input Output announces privacy-centric blockchain and token on Cardano
Input Output Global Inc. (IOG), the firm behind the Cardano blockchain, is releasing a new data-protection and privacy-centric blockchain and accompanying token.
![Bankrupt crypto exchange FTX launches strategic review of assets 15 In this photo illustration the FTX logo and mobile app adverts are displayed on screens on November 10, 2022 in London, England.](https://forkast.news/wp-content/uploads/2022/11/GettyImages-1440504577-1260x840.jpg)
Bankrupt crypto exchange FTX launches strategic review of assets
Eight days after FTX Trading and some 101 affiliated companies filed for Chapter 11 bankruptcy, a strategic review of the group’s global assets was set in motion.
![Man Group plans crypto hedge fund despite FTX, market turmoil: report 16 PFAEFFIKON, SWITZERLAND - OCTOBER 05: The office building of the London-Based Man Group, one of the world's largest traded hedge fund, is pictured on October 5, 2009 in Pfaeffikon, Switzerland. Due to lower taxes and less regulation the small Swiss town on the shores of lake Zurich has become a hedge fund hot spot. (Photo by Miguel Villagran/Getty Images)](https://forkast.news/wp-content/uploads/2022/11/GettyImages-91450653-1260x709.jpg)
Man Group plans crypto hedge fund despite FTX, market turmoil: report
The world’s largest publicly traded hedge fund manager, Man Group Plc, plans to launch a cryptocurrency exclusive fund.
![South Korea, Singapore, Japan biggest users of FTX pre-collapse, says CoinGecko 17 Gyeongbokgung Palace, Seoul, South Korea | South Korea, Singapore, Japan biggest users of FTX pre-collapse, says CoinGecko report | ftx bankruptcy, ftx collapse, sam bankman fried](https://forkast.news/wp-content/uploads/2022/11/gyeongbokgung-palace-seoul-south-korea-2022-11-11-07-36-41-utc-1260x842.jpg)
South Korea, Singapore, Japan biggest users of FTX pre-collapse, says CoinGecko
South Korea, Singapore and Japan were the biggest users of FTX.com based on the number of monthly unique visitors from January to October 2022
![Markets: Bitcoin, other crypto start week lower as FTX collapse continues rumble through the industry 18 Bitcoins sitting on top of US$100 bills. | Markets: Bitcoin, other crypto start week lower as FTX collapse continues rumble through the industry](https://forkast.news/wp-content/uploads/2022/11/Bitcoin33-1260x664.jpg)
Markets: Bitcoin, other crypto start week lower as FTX collapse continues rumble through the industry
Bitcoin and Ether both fell in Monday morning trading in Asia along with all of the top 10 non-stablecoin cryptocurrencies by market capitalization.
![FTX, Alameda failures likely triggered by Terra-Luna collapse, says blockchain analytics firm Nansen 19 FTX logo and people in office under distress | FTX liquidity crunch leads to contagion fears; latest updates and commentary | ftx, sam bankman fried, ftx liquidity crisis](https://forkast.news/wp-content/uploads/2022/11/ftx-1260x945.png)
FTX, Alameda failures likely triggered by Terra-Luna collapse, says blockchain analytics firm Nansen
FTX’’s failure to keep its sister company Alameda Research solvent was likely attributed to the liquidity crunch brought on by the Terra-LUNA collapse, according to Nansen.
![Taiwan’s top three crypto exchanges say operations unaffected amid FTX fallout 20 Taiwan crypto exchanges](https://forkast.news/wp-content/uploads/2022/11/Timmy2-1-1260x709.png)
Taiwan’s top three crypto exchanges say operations unaffected amid FTX fallout
Taiwan’s three largest cryptocurrency exchanges have said their operations were unaffected by the fallout of FTX and will work to release proof of assets as soon as possible.
![FTX requests Chapter 15 bankruptcy case moved to Delaware, hearing on Tuesday 21 ftx](https://forkast.news/wp-content/uploads/2022/11/ftx-1-1260x830.jpg)
FTX requests Chapter 15 bankruptcy case moved to Delaware, hearing on Tuesday
FTX Trading will be at a hearing on Nov. 22 in a bankruptcy court in Delaware, as the troubled exchange seeks to transfer a related case from New York to the Delaware court, according to a court filing.
![Ethereum software developer ConsenSys co-launches Ethereum Climate Platform at COP27 22 A wide shot of planet earth, faded in black](https://forkast.news/wp-content/uploads/2022/11/ECP-COnsensys.jpeg)
Ethereum software developer ConsenSys co-launches Ethereum Climate Platform at COP27
Core Ethereum contributor ConsenSys co-launched the Ethereum Climate Platform (ECP) at the COP27 climate change conference in Egypt.
![HK crypto over-the-counter service Genesis Block to end trading: Reuters 23 screenshot of Genesis Block's website](https://forkast.news/wp-content/uploads/2022/11/genesis-block-1260x598.jpg)
HK crypto over-the-counter service Genesis Block to end trading: Reuters
Genesis Block, a cryptocurrency over-the-counter trading service in Hong Kong, will close its trading portal on Dec. 10, Reuters reported on Friday citing an email the company sent to customers.
![Crypto exchange Bullish says it has no exposure to FTX 24 bullish](https://forkast.news/wp-content/uploads/2022/11/bullish-1260x840.png)
Crypto exchange Bullish says it has no exposure to FTX
Crypto exchange Bullish has said it does not have any exposure to now-bankrupt FTX and Alameda Research, and expects FTX’s bankruptcy to have no impact on Bullish’s operations. The exchange is operated by Bullish (GI) Limited and regulated by the Gibraltar Financial Services Commission.
![Bahamas regulator orders transfer of all FTX digital assets to government wallet 25 bahamas](https://forkast.news/wp-content/uploads/2022/11/bahamas-1260x840.jpg)
Bahamas regulator orders transfer of all FTX digital assets to government wallet
The Securities Commission of The Bahamas (Commission) on Nov. 12 ordered the transfer of all digital assets of FTX Digital Markets to a digital wallet controlled by the Commission, for “safekeeping,” in an announcement on Nov. 17.
![Markets: Bitcoin, Ether rise as most top 10 cryptos rally 26 US Bitcoin](https://forkast.news/wp-content/uploads/2022/11/crypto-2-1260x840.jpg)
Markets: Bitcoin, Ether rise as most top 10 cryptos rally
Bitcoin and Ether inched up in Friday evening trade in Asia with most other top 10 cryptocurrencies by market capitalization, excluding stablecoins. Dogecoin and Solana lost ground for a second consecutive day.
![Binance to re-bid on bankrupt crypto lender Voyager: report 27 Voyager Digital bankruptcy Binance](https://forkast.news/wp-content/uploads/2022/06/Screenshot-2022-06-24-at-09.27.39.png)
Binance to re-bid on bankrupt crypto lender Voyager: report
Binance.US is preparing to re-bid for bankrupt lending platform Voyager Digital’s assets, according to a CoinDesk report.
![FTX's Alameda, affiliates had US$5 bln in liabilities end of Sept, court filing shows 28 Sam Bankman-Fried speaks onstage | SBF denies FTX Ventures merger with Alameda’s crypto VC | ftx ventures, sam bankman fried, alameda research, ftx news](https://forkast.news/wp-content/uploads/2022/08/GettyImages-1241501574-1260x839.jpg)
FTX’s Alameda, affiliates had US$5 bln in liabilities end of Sept, court filing shows
Alameda Research and its affiliates had about US$5.1 billion in liabilities as of Sept. 30, according to a bankruptcy court filing dated Nov. 17.
![Genesis crypto broker freezes withdrawals; Winklevoss's Gemini, S. Korea’s GOPAX exchanges affected 29 A stack of currency chained together and padlocked. Used for any money inference where money is tight or protected.](https://forkast.news/wp-content/uploads/2022/11/chained-up-money-2021-08-26-15-26-32-utc-1260x709.jpg)
Genesis crypto broker freezes withdrawals; Winklevoss’s Gemini, S. Korea’s GOPAX exchanges affected
The Genesis brokerage arm of the Digital Currency Group is one of the latest cryptocurrency platforms to lock down withdrawals following the bankruptcy of crypto exchange FTX, and the freeze is spreading.
![Terra cofounder Daniel Shin denies $100 mln LUNA cashout: report 30 Terra cofounder daniel shin and terra's old logo | Terra cofounder Daniel Shin denies $100M LUNA cashout | do kwon, terraform labs, daniel shin, chai corporation](https://forkast.news/wp-content/uploads/2022/11/daniek-shin-terra-1260x945.png)
Terra cofounder Daniel Shin denies $100 mln LUNA cashout: report
Terra cofounder Daniel Shin reportedly told S.Korean prosecutors during an investigation on Thursday that he did not sell LUNA at a high point.
![FTX contagion in S.Korea: GOPAX halts Genesis-backed DeFi 31 gopax logo and falling dominoes | FTX contagion reaches Korea: local exchange GOPAX halts Genesis-backed DeFi service | ftx, genesis, genesis crypto, gopax](https://forkast.news/wp-content/uploads/2022/11/gopax-1260x945.png)
FTX contagion in S.Korea: GOPAX halts Genesis-backed DeFi
S.Korean crypto exchange GOPAX halted withdrawal of principal and interest payments in its DeFi service which brokers products from Genesis.
![Australia to revamp cryptocurrency rules after FTX collapse 32 Australian Treasurer Jim Chalmers speaks during a budget lockup press conference. | Australia to update cryptocurrency rules after FTX collapse, AFR reports](https://forkast.news/wp-content/uploads/2022/11/chalmers3-1260x838.jpg)
Australia to revamp cryptocurrency rules after FTX collapse
The country is one of the first to say it will act to set up regulations to prevent a collapse similar to FTX, which filed for bankruptcy protection and froze the assets of hundreds of thousands of investors.
![Markets: Bitcoin flat, most crypto top 10 fall as Fed indicates further rate rises 33 Stacks of Bitcoin and money on a black background. | Markets: Bitcoin flat, most crypto top 10 fall as Fed indicates further rate rises](https://forkast.news/wp-content/uploads/2022/11/Bitcoinmoney-1-1260x840.jpg)
Markets: Bitcoin flat, most crypto top 10 fall as Fed indicates further rate rises
Bitcoin traded little changed Friday morning in Asia, while Ether fell along with most other non-stablecoin top 10 cryptocurrencies by market capitalization.
![New FTX chief says lack of controls at bankrupt exchange 'unprecedented' 34 bankruptcy](https://forkast.news/wp-content/uploads/2022/11/ftx-1260x584.jpg)
New FTX chief says lack of controls at bankrupt exchange ‘unprecedented’
John J. Ray III, a Chicago-based lawyer and the new CEO of now-bankrupt crypto exchange FTX, has criticized the lack of “appropriate corporate governance” across FTX Group companies under Sam Bankman-Fried, the founder and former CEO of FTX.
![China’s state blockchain infrastructure Xinghuo BIF partners Malaysian MyEG to fuel global push 35 xinghuo](https://forkast.news/wp-content/uploads/2022/11/xinghuo-1260x839.jpg)
China’s state blockchain infrastructure Xinghuo BIF partners Malaysian MyEG to fuel global push
China’s state blockchain infrastructure Xinghuo Blockchain Infrastructure and Facility has signed an agreement with Malaysian digital service provider MY E.G. Services Berhad to own and operate an “international supernode,” as China continues its international blockchain push.
![South Korea freezes Terra cofounder Daniel Shin’s US$104 mln in assets; CEO Do Kwon tweets he was wrong, not fraudulent 36 Terraform Labs cofounders Daniel Shin (left) and Do Kwon (right) | South Korea freezes Terra cofounder Daniel Shin’s US$104 mln in assets; CEO Do Kwon tweets he was wrong, not fraudulent | do kwon news, daniel shin news, ftx, terraform labs](https://forkast.news/wp-content/uploads/2022/11/daniel-kwon-1260x945.png)
South Korea freezes Terra cofounder Daniel Shin’s US$104 mln in assets; CEO Do Kwon tweets he was wrong, not fraudulent
Terra’s former executive Daniel Shin’s US$100 million were frozen on Thursday; Do Kwon tweets that the Terra team did everything to save UST
![Indian crypto exchange CoinSwitch says proof of reserves shows sufficient reserves to match clients’ stake 37 ashish singhal](https://forkast.news/wp-content/uploads/2022/11/Ashish-Singhal-resized.png)
Indian crypto exchange CoinSwitch says proof of reserves shows sufficient reserves to match clients’ stake
Indian crypto exchange CoinSwitch’s proof of reserves summary, that was shared on Thursday, stated that as of Nov. 4, the exchange’s overall holdings of crypto and fiat balances in Indian Rupees (INR) exceeded those held by the exchange on behalf of its users.
![Ripple gets support from Blockchain Association in XRP lawsuit against SEC 38 Ripple Vs SEC Images](https://forkast.news/wp-content/uploads/2022/11/Ripple-Vs-SEC-Images-1-1-1260x709.jpg)
Ripple gets support from Blockchain Association in XRP lawsuit against SEC
U.S. lobby group Blockchain Association, along with other institutions and firms, have formally filed amici briefs to support Ripple Labs Inc. in the ongoing lawsuit between the U.S. SEC and Ripple.
![Markets: Bitcoin, Ether fall along with top 10 cryptos, led by Polygon's Matic 39 Pile of shining Bitcoins | Bitcoin hits year low, Ether slumps as Binance rescue of FTX unnerves investors](https://forkast.news/wp-content/uploads/2022/11/bitcoinnew-1260x840.jpg)
Markets: Bitcoin, Ether fall along with top 10 cryptos, led by Polygon’s Matic
Bitcoin fell during Wednesday afternoon trading in Asia along with all other top 10 cryptocurrencies, excluding stablecoins, led by declines in Polygon’s Matic.
![Sam Bankman-Fried regrets bankruptcy filing, blames “messy accounting”: Vox interview 40 SBF: FTX CEO Sam Bankman-Fried](https://forkast.news/wp-content/uploads/2022/10/Story-2-1260x709.png)
Sam Bankman-Fried regrets bankruptcy filing, blames “messy accounting”: Vox interview
Sam Bankman-Fried, the founder of the FTX, says he regrets the company’s bankruptcy filing, blamed the downfall on “messy accounting” and criticized regulators.
![Binance denies UK lawmaker's allegation it deliberately tripped up FTX 41 Binance founder and CEO Changpeng Zhao. Image: Binance/Youtube](https://forkast.news/wp-content/uploads/2022/11/CZ-1-1260x624.jpg)
Binance denies UK lawmaker’s allegation it deliberately tripped up FTX
In a submission to the U.K. Parliamentary Treasury Committee, Binance denied that it deliberately sought to sink competitor crypto exchange FTX.
![Class action lawsuit targets SBF, celebrity FTX endorsers Tom Brady, Naomi Osaka and others 42 Logo of FTX and mobile phone](https://forkast.news/wp-content/uploads/2022/11/Story-1-1-1260x709.png)
Class action lawsuit targets SBF, celebrity FTX endorsers Tom Brady, Naomi Osaka and others
Sam Bankman-Fried and roughly a dozen of the embattled exchange’s celebrity endorsers are the subject of a class action lawsuit filed by FTX users.
![How Hong Kong and Singapore can make Asia the center of crypto's future 43 Ripple, Bitcoin, and Ethereum coins with Hong Kong and Singapore flags](https://forkast.news/wp-content/uploads/2022/11/Forkast-Opinion-Images-6-1260x710.png)
How Hong Kong and Singapore can make Asia the center of crypto’s future
Yes, there is rivalry between the two global finance hubs. But their strengths are also complementary for Asia to become an even bigger crypto powerhouse, writes Lily Z. King.
![Singapore’s Temasek writes off US$275 mln in FTX 44 temasek logo and falling dollar bills | Singapore’s Temasek writes off US$275M in FTX | temasek singapore, ftx, sam bankman fried](https://forkast.news/wp-content/uploads/2022/11/temasek-1260x945.png)
Singapore’s Temasek writes off US$275 mln in FTX
Temasek says its belief in Sam Bankman-Fried may have been ‘misplaced.’
![Markets: Bitcoin, Ether fall as FTX implosion, job cuts in tech industry cloud outlook 45 Bitcoins sitting on top of money. | Markets: Bitcoin, Ether fall as FTX implosion, job cuts in tech industry cloud outlook](https://forkast.news/wp-content/uploads/2022/11/Bitcoin1-1260x841.jpg)
Markets: Bitcoin, Ether fall as FTX implosion, job cuts in tech industry cloud outlook
Bitcoin and Ether prices fell in Thursday morning trading in Asia along with all other top 10 tokens by market capitalization, excluding stablecoins.
![Vitalik Buterin sounds warning over risks of DeFi 46 DENVER, CO - FEBRUARY 18: Ethereum co-founder Vitalik Buterin speaks at ETHDenver on February 18, 2022 in Denver, Colorado. ETHDenver is the largest and longest running Ethereum Blockchain event in the world with more than 15,000 cryptocurrency devotees attending the weeklong meetup. (Photo by Michael Ciaglo/Getty Images)](https://forkast.news/wp-content/uploads/2022/09/VB-1260x708.jpg)
Vitalik Buterin sounds warning over risks of DeFi
Ethereum cofounder Vitalik Buterin has sounded a warning against the pitfalls of decentralized finance (DeFi) and self-custody, namely of bugs in smart contract code.
![Crypto winter may last until end of 2023: Coinbase research 47 winter landscape with mixed snow](https://forkast.news/wp-content/uploads/2022/11/winter-1260x840.jpg)
Crypto winter may last until end of 2023: Coinbase research
The collapse of FTX may extend crypto winter to the end of 2023, according to a monthly outlook report by U.S.-based crypto exchange Coinbase dated Nov. 15.
![Crypto exchanges see record-high week of BTC outflows, following FTX saga 48 Bitcoin cryptocurrency gold coin. Trading on the cryptocurrency exchange. Trends in bitcoin exchange rates. Rise and fall charts of bitcoin](https://forkast.news/wp-content/uploads/2022/09/bitcoin-cryptocurrency-gold-coin-trading-on-the-c-2021-10-14-19-24-29-utc-1260x840.jpg)
Crypto exchanges see record-high week of BTC outflows, following FTX saga
Bitcoin outflows from centralized crypto exchanges rose to a historic high this week, as investors turned to self-custody options following the collapse of FTX.
![Binance gets Abu Dhabi regulator’s nod to offer crypto custody services 49 binance](https://forkast.news/wp-content/uploads/2022/11/binance-1260x490.png)
Binance gets Abu Dhabi regulator’s nod to offer crypto custody services
Binance, world’s largest cryptocurrency exchange, has obtained Financial Services Permission from Abu Dhabi’s Financial Services Regulatory Authority (FSRA), to provide custody to professional clients in and from the Abu Dhabi Global Market (ADGM), the international financial center of the UAE’s capital.
![FTX collapse leaves investors jittery over crypto contagion 50 FTX collapse leaves investors jittery over crypto contagion](https://forkast.news/wp-content/uploads/2022/11/All-three-1260x709.png)
FTX collapse leaves investors jittery over crypto contagion
Top blockchain and crypto news: FTX fallout spooks sector. Crypto.com’s $400 million ‘accident.’ Hong Kong’s new digital asset drive.
![Mastodon is the hot new alternative to Twitter: Can it decentralize social media? 51 Connected people. Interactions between employees and working groups. Networking communication. Decentralized hierarchical system of company. Partnerships, business connections. Organization concept](https://forkast.news/wp-content/uploads/2022/11/network-of-interconnected-people-2022-11-09-06-38-31-utc-1260x709.jpg)
Mastodon is the hot new alternative to Twitter: Can it decentralize social media?
Can decentralized platform Mastodon, named after an extinct elephant, replace the little blue bird that has dominated the world’s social media landscape for over a decade?
![Markets: Bitcoin inches up, Ether falls; most top 10 crypto rebound 52 Bitcoin cryptocurrency, blockchain technology decentralized currency coin, conceptual image with selective focus](https://forkast.news/wp-content/uploads/2022/11/bitcoin-cryptocurrency-coin-2021-08-26-23-03-00-utc-2-1260x708.jpg)
Markets: Bitcoin inches up, Ether falls; most top 10 crypto rebound
Bitcoin inched up during Wednesday afternoon trade in Asia while most of the top 10 cryptocurrencies by market capitalization, excluding stablecoins, rallied from recent losses.
![Korbit is first South Korean exchange to disclose full crypto reserves, post-FTX debacle 53 Korbit logo, bitcoin background | Korbit is first South Korean exchange to disclose full crypto reserves, post-FTX debacle | korbit, ftx, bankruptcy](https://forkast.news/wp-content/uploads/2022/11/korbit-bitcoin-1260x945.png)
Korbit is first South Korean exchange to disclose full crypto reserves, post-FTX debacle
Korbit, one of South Korea’s five fully licensed crypto exchanges, announced Wednesday that it will reveal its full list of crypto reserves.
![USDC stablecoin issuer Circle expects slower growth over Binance’s BUSD conversion 54 circle of fire](https://forkast.news/wp-content/uploads/2022/11/circle-1260x1260.jpg)
USDC stablecoin issuer Circle expects slower growth over Binance’s BUSD conversion
Circle, the issuer of U.S. dollar-pegged stablecoin USDC, has said that stronger competition in the stablecoin market is likely to pressure Circle stablecoins, thereby slowing its growth and weighing on the financial outlook of the company.
![Who is exposed to FTX? A running compilation on a rapidly moving target 55 2225643381](https://forkast.news/wp-content/uploads/2022/11/2225643381-1260x709.jpg)
Who is exposed to FTX? A running compilation on a rapidly moving target
The number of creditors with claims on the collapsed FTX cryptocurrency exchange and its affiliates may run into the hundreds of thousands and possibly more than 1 million.
![FTX founder Sam Bankman-Fried to potentially face questioning in US: report 56 Ex-FTX CEO Sam Bankman-Fried | Binance’s pending acquisition, rescue of FTX may attract attention of antitrust regulators](https://forkast.news/wp-content/uploads/2022/11/SBF-1260x840.jpg)
FTX founder Sam Bankman-Fried to potentially face questioning in US: report
The former CEO of FTX may face questioning by authorities in the U.S. as scrutiny over the role he played in the exchange’s sudden collapse and bankruptcy intensifies.
![AAX crypto exchange at risk of capital deficit, says market vulnerable from FTX collapse 57 aax logo in black background | AAX crypto exchange at risk of capital deficit, says market vulnerable from FTX collapse | aax exchange, ftx, blockfi, ben caselin](https://forkast.news/wp-content/uploads/2022/11/aaxblack-1260x945.png)
AAX crypto exchange at risk of capital deficit, says market vulnerable from FTX collapse
AAX wants to reopen withdrawal services with additional capital, while VP Caselin told Forkast AAX is caught in a market-wide vulnerability.
NFT platform, art collective launch collaboration in aid of Ukraine
NFT platform laCollection has launched a series of collaborations with international artists to raise funds for Ukrainian cultural institutions.
![Terra cofounder Daniel Shin’s Chai Corp. raided by S.Korean authorities 58 ex-terra daniel shin and blockchain background | Terra cofounder Daniel Shin’s Chai Corp. raided by S.Korean authorities | do kwon news, daniel shin terra, chai corporation](https://forkast.news/wp-content/uploads/2022/11/daniel-shin-blockchain-1260x945.png)
Terra cofounder Daniel Shin’s Chai Corp. raided by S.Korean authorities
Daniel Shin’s Chai Corporation, which partnered with Terraform Labs in 2019, is accused of violating capital market rules in past dealings with Terra.
![Crypto lender BlockFi faces possible failure amid FTX collapse, WSJ says 59 Bitcoin sitting on a tablet.](https://forkast.news/wp-content/uploads/2022/11/Bitcointablet-1260x840.jpg)
Crypto lender BlockFi faces possible failure amid FTX collapse, WSJ says
BlockFi Inc. is preparing for possible bankruptcy filings after it acknowledged “significant exposure” to bankrupt cryptocurrency exchange FTX.com.
![Japan investment manager SoftBank reportedly writes down stake in FTX to zero 60 Japan’s government approves policy to drive Web 3.0 adoption](https://forkast.news/wp-content/uploads/2022/06/japan-1-1260x884.png)
Japan investment manager SoftBank reportedly writes down stake in FTX to zero
Masayoshi Son’s SoftBank Group is having an awful year on the investment front and has now been hit by the FTX failure.
![Trezor, Ledger report surge in hard wallet sales amid FTX meltdown 61 Hand holding crypto hard wallet | Trezor, Ledger report surge in hard wallet sales amid FTX exchange meltdown | ledger, trezor, ftx](https://forkast.news/wp-content/uploads/2022/11/hand-holding-crypto-hard-wallet-2022-11-15-02-38-42-utc-1260x840.jpg)
Trezor, Ledger report surge in hard wallet sales amid FTX meltdown
What to do when one of the world’s most trusted crypto exchanges implodes? For many it’s finding a safer place for their assets, and that is typically hardware wallets.
![Markets: Bitcoin, Ether rise amid positive inflation data, despite reports of Russian missile strikes in Poland 62 A pile of Bitcoins on a black Background. | Markets: Bitcoin, Ether rise amid positive inflation data, despite reports of Russian missile strikes in Poland.](https://forkast.news/wp-content/uploads/2022/11/Bitcoin7-1260x840.jpg)
Markets: Bitcoin, Ether rise amid positive inflation data, despite reports of Russian missile strikes in Poland
Bitcoin and Ether rose on Wednesday morning in Asia amid reports of alleged Russian missile strikes on Poland while inflationary data out of the U.S. provided support.
![FTX hacker becomes 35th largest Ethereum holder 63 FTX, authorities investigate potential US$477 mln theft](https://forkast.news/wp-content/uploads/2022/11/Hacker-1260x709.png)
FTX hacker becomes 35th largest Ethereum holder
The address associated with the FTX hack swapped US$48.2 million worth of DAI stablecoins to 37,570 Ether and became the 35th largest holder of the world’s second-largest crypto.
![DeFi’s real estate revolution: The rise of tokenization 64 DeFi’s real estate revolution: The rise of tokenization](https://forkast.news/wp-content/uploads/2022/11/Real-Estate-Tokenization-Ownership-Realized-DeFis-real-estate-revolution-The-rise-of-tokenization-1260x709.png)
DeFi’s real estate revolution: The rise of tokenization
The tokenization of property in DeFi differs greatly from the securitization that led to the global financial crisis. In this introductory part of a special series of three articles, Forkast looks at the origins of the phenomenon, what’s new about it, and the promise it holds for investors.
![Enron veteran is FTX's new head: Does he have what it takes to win back user’s funds? 65 cropped view of man holding wooden gavel above yellow piggy bank near bankruptcy form](https://forkast.news/wp-content/uploads/2022/11/cropped-view-of-man-holding-wooden-gavel-above-yel-2022-11-02-00-22-10-utc-1260x709.jpg)
Enron veteran is FTX’s new head: Does he have what it takes to win back user’s funds?
The failure of cryptocurrency exchange FTX has been compared to the Lehman Brothers collapse in 2008, but it may have more similarity to the bankruptcy of energy trading giant Enron Corp. – an event FTX’s new chief executive officer knows all too well.
![Coinbase officially enters the fray in XRP lawsuit to support Ripple against SEC 66 Ripple Vs SEC Images](https://forkast.news/wp-content/uploads/2022/11/Ripple-Vs-SEC-Images-1-1260x709.jpg)
Coinbase officially enters the fray in XRP lawsuit to support Ripple against SEC
U.S.-based cryptocurrency exchange Coinbase has officially submitted its amicus brief to support Ripple in the lawsuit the U.S. SEC filed in 2020 against Ripple.
![Retail crypto sees more new users when Bitcoin prices rise: BIS report 67 Golden Bitcoin and crypto tokens in a small shopping cart, in front of a laptop with a Bitcoin chart.](https://forkast.news/wp-content/uploads/2022/11/bitcoin-1260x840.jpg)
Retail crypto sees more new users when Bitcoin prices rise: BIS report
A rise in Bitcoin prices is the most important factor for a significant increase in the number of new investors, instead of distrust in public institutions, dislike for traditional banks, or search for a store of value, according to a report by the Bank for International Settlements.
![Shark Tank’s Kevin O'Leary says FTX debacle will never happen again 68 Kevin O’Leary, O’Shares Investments chairman and ‘Shark Tank’ investor, joins ‘TechCheck’ to discuss O’Leary’s investment in FTX](https://forkast.news/wp-content/uploads/2022/11/aScreenshot-2022-11-15-153018-1260x703.png)
Shark Tank’s Kevin O’Leary says FTX debacle will never happen again
O’Leary remains committed to crypto even after losing his investment in FTX.com, but said that the industry will become more regulated.
![FTX collapse ‘sad’ for crypto industry, but underlying technology still sound 69 Panelists speaking at Forkast's Crypto Rising. | FTX collapse ‘sad’ for the industry, but underlying technology still sound](https://forkast.news/wp-content/uploads/2022/11/Cryptorising6-1260x560.png)
FTX collapse ‘sad’ for crypto industry, but underlying technology still sound
Panelists at Forkast’s livestreamed event ‘Crypto Rising: How Top VCs Are Investing Out of Crypto Winter’ shared their thoughts on the future of the industry following FTX.
![FTX bankruptcy and fallout; Tuesday updates and commentary 70 Binance CEO Changpeng Zhao and FTX CEO Sam Bankman-Fried](https://forkast.news/wp-content/uploads/2022/11/Binance-and-FTX-Winner-takes-all-1260x709.png)
FTX bankruptcy and fallout; Tuesday updates and commentary
The following is a running compilation of views and comments on the FTX bankruptcy and implications for the industry.
![FTX is crypto’s Lehman Bros. moment. What happens now? 71 In this photo illustration the FTX logo and mobile app adverts are displayed on screens on November 10, 2022 in London, England.](https://forkast.news/wp-content/uploads/2022/11/GettyImages-1440504577-1260x840.jpg)
FTX is crypto’s Lehman Bros. moment. What happens now?
Unlike the 2008 crash, the government won’t be bailing out FTX’s investors, writes Nick Saponaro of Divi Labs. Will regulators see this as a cue to crack down on exchanges?