U.S. regulators reportedly talking with Binance over failed FTX bail out
US regulators want to know more about what Binance discovered when it took a look at FTX’s books, and then canceled a bailout deal.
Sam Bankman-Fried apologizes in first tweet since Binance saga: I F***** Up
Sam Bankman-Fried sent his first series of tweets since Binance announced and then scrapped an offer to buy his cash-strapped cryptocurrency exchange. He apologized, acknowledged mistakes and said he will do right by FTX users.
Bitcoin gains 5% as U.S. inflation slows down in October
Bitcoin gained 5% after the U.S. Bureau of Labor Statistics reported that the consumer price index (CPI), a key inflation indicator, rose 0.4% in October from September. CPI was up 7.7% from a year earlier, less than the expected 7.9%, and down from 8.2% in September. October’s CPI recorded the smallest 12-month increase since January.
Crypto exchange outflows rise amid FTX fiasco
Over 5.2 billion stablecoins left crypto exchanges on Wednesday, the most in five months, on-chain data showed.
FTX debacle has crypto industry pointing finger at regulators in call for clear rules of the road
The FTX.com unraveling has prompted crypto industry leaders to demand clearer rules of the road for trading digital assets.
Binance the winner in FTX saga, set to gain more customers
Binance may have nixed the deal to bailout rival exchange FTX.com, but it could still gain a big chunk of FTX’s business as investors flee the platform.
US regulators DoJ, SEC, CFTC probe crypto platform FTX
US regulators the Department of Justice, the Securities and Exchange Commission and the Commodity Futures Trading Commission are probing beleaguered crypto exchange FTX.
What a difference a day makes: Options for FTX after Binance ditches buyout?
Binance cites due diligence on FTX books for pulling out of a deal to buy FTX.com, sending markets into a tailspin and leaving Bankman-Fried in need of another buyer… fast.
Bitcoin hits lowest price in two years as Binance cancels FTX acquisition
Just over 24 hours after news of Binance’s planned acquisition of FTX shook the crypto market, a reversal of that decision sent prices even lower.
Binance likely to back out of FTX deal: report
Binance may scrap its proposal to acquire cryptocurrency exchange FTX, after examining FTX’s “internal data and loan commitments,” according to an unnamed source “familiar with the matter” cited by CoinDesk on Wednesday.
The fall of FTX “not good for anyone,” CZ says
The sudden downfall of top cryptocurrency exchange FTX will bring in more regulatory scrutiny and raise the difficulty of obtaining licenses around the world, Binance founder and chief executive Changpeng Zhao said in an internal note, which he shared with the public via Twitter on Wednesday.
Singapore’s Temasek holds stake in FTX, a target of Binance takeover
Singapore’s state-owned investment firm Temasek is a shareholder in embattled cryptocurrency exchange FTX, which faces a possible takeover by bigger rival Binance
Binance’s Changpeng Zhao emerges as ‘winner on all fronts’ of FTX acquisition
Commonly known as “CZ,” the Chinese-Canadian founder of Binance appears to have stolen Sam Bankman-Fried’s shine, coming out of the FTX acquisition with the most to gain.
Binance boosts emergency insurance fund to US$1 billion on market volatility
Binance, the world’s largest cryptocurrency exchange, has raised its emergency insurance fund “SAFU” to US$1 billion equivalent in cryptocurrencies, founder Changpeng Zhao said in a Tweet on Wednesday.
Crypto exchanges see more withdrawals over fears of FTX liquidity
Large volumes of stablecoins moved out of exchanges, including KuCoin, OKX, Kraken, Huobi and Binance over the past week.
What could Binance gain from FTX’s wider investments?
FTX has invested in many projects through its FTX Ventures arm, contributing to two of the 10 biggest blockchain and crypto funding rounds in the industry. Here are the top five investments FTX has been involved in.
Binance set to swallow FTX as run on exchange allows CZ to swoop
Top blockchain and crypto news: FTX concedes defeat in long battle with Binance. Crypto eyes Congress races. Hong Kong U-turns on digital assets.
‘Pharma bro’ Martin Shkreli to Do Kwon: jail isn’t that bad
“Pharma bro” Martin Shkreli has tried to reassure Terra chief Do Kwon that life in jail is “not the worst”, while they discussed the Binance-FTX deal on the UpOnlyTV podcast.
Binance’s pending acquisition of FTX may attract attention of antitrust regulators
Binance chief executive officer Changpeng Zhao already runs the world’s largest cryptocurrency exchange so just what are his ambitions?
Binance becomes white knight for fallen FTX: How did we get here?
Binance steps in with deal to buy FTX.com, but with so many moving parts to consider how messy could this pending acquisition get?
Coinbase says it has minimal exposure to FTX, downplays risk
Coinbase said new users have registered on the exchange, while the crypto exchange claimed it has limited exposure to the underwater crypto exchange FTX.
Binance buys FTX: Updates on what it means for the crypto industry
The following is a running compilation of views and comments on Binance’s takeover of the FTX exchange amid speculation of solvency problems at FTX.
Markets: Bitcoin hits year low, Ether slumps as Binance rescue of FTX unnerves investors
Bitcoin fell to a year’s low of US$17,603 in Tuesday morning trading in Asia as Binance Global Inc.’s takeover of the FTX exchange unnerved investors.
Binance agrees to acquire FTX following liquidity crunch
Binance, the world’s largest cryptocurrency exchange, has agreed to acquire rival exchange FTX, Sam Bankman-Fried announced on Tuesday.
U.S. midterms: gridlock… and progress on crypto industry regulation?
In a period of toxic divide between the Democrats and Republicans, the need to figure out how to regulate the growing cryptocurrency industry is one of the few issues both parties seem to agree on.
Alameda says ‘wasn’t us’ amid speculation about BitDAO’s 20% plunge
BitDAO, or BIT, the token supported by crypto exchange Bybit, dropped more than 20% within an hour at one stage around noon on Tuesday in Asia.
Seizure, guilty plea in US$3.36 bln stolen Silk Road Bitcoin case
The U.S. Department of Justice revealed on Monday that in 2021 it seized US$3.36 billion worth of stolen Bitcoin from Georgia real estate developer James Zhong.
Markets: Bitcoin, Ether prices fall with most of crypto top 10, Polygon flips Solana
Bitcoin dipped below US$21,000 in Tuesday morning trading in Asia as Ether and most other tokens in the cryptocurrency top ten by market capitalization, excluding stablecoins, lost ground.
Stablecoin, CBDC issues take center stage at Singapore’s Future of Finance Forum
Central bank digital currencies draw fire over inflation, privacy and threat to innovation, as questions raised over status of stablecoins in digital asset ecosystem.
Markets: Bitcoin, Ether fall; Dogecoin interest fades
Bitcoin and Ether dropped in afternoon trading in Asia along with almost every other top 10 cryptocurrency by market capitalization, excluding stablecoins. MATIC was the only coin to gain.
Hong Kong needs engineering talent to reclaim role as digital asset hub
Hong Kong’s latest FinTech policies indicate it wants to reclaim its position as a hub for cryptocurrencies and digital assets, but that means finding the right people for the job.
Indian crypto exchange WazirX introduces profit, loss function
WazirX, India’s largest cryptocurrency exchange by trade volume, has introduced a profit and loss function for users to analyze and calculate their investments.
South Korea’s online KakaoBank to open accounts for Coinone exchange users this month
KakaoBank, one of South Korea’s online-only banks with nearly 20 million users, said it will start providing accounts for users of Coinone exchange in November.
Markets: Bitcoin, Ether prices pull back after weekend gain on sign U.S. inflation may be easing
Bitcoin and Ether fell in Monday morning trading in Asia as the crypto market gave up some gains made on the weekend on the back of U.S. job numbers on Friday.
Blockchain without cryptocurrencies: How might China’s BSN change Web3?
By excising cryptocurrencies from the ecosystem, crypto-hostile China could steal a march in enterprise blockchain, says Red Date Technology chief Yifan He.
India forms new crypto advocacy body with Coinbase, Polygon
Cryptocurrency exchanges and Web 3.0 companies, including Coinbase and Polygon, have formed the Bharat Web3 Association in India to strengthen regulation and consumer protection for the industry.
Dashcam maker Hivemapper issues crypto HONEY for road image contribution
San Francisco-based dashcam maker and decentralized mapping service provider Hivemapper issued cryptocurrency tokens HONEY to reward dashcam users for contributing driving data and road imagery on Friday Hong Kong time, according to a press release shared with Forkast.
Goldman Sachs launches crypto explainer, trend tool for institutional clients
After dabbling in cryptocurrency product offerings, Goldman Sachs is now offering a service to clients to help analyze tokens and market trends.
Crypto fugitive Do Kwon said to be hiding in Europe, mocks ‘cops from world over’ in series of tweets
The South Korean founder of the collapsed Terra stablecoin faces multiple allegations of wrongdoing, the latest being price manipulation.
Bitcoin, Ether prices rise, Polygon leads top 10 in gains, Doge, Shib retreat
Bitcoin and Ether rose in Friday morning trading in Asia. Polygon’s Matic led gains in the top 10 tokens after Instagram said it would use Polygon to integrate NFTs into its platform.
Digital wallet Cryptillian seeks to back Ripple against SEC in XRP lawsuit
Digital wallet service provider Cryptillian Payment Systems has requested to file an amicus brief to support Ripple Labs Inc. in the latter’s ongoing court battle against the U.S. Securities Exchange Commission (SEC).
Crypto leaders differ over Do Kwon blame in May’s market crash
‘Bad actor’ or a ‘sliding market’? Blockchain industry leaders at Hong Kong FinTech Week offer insights into the Terra-LUNA crash.
Markets: Bitcoin and Ether fall with crypto top 10 as Fed raises rates 75 bps
Markets: Bitcoin and Ether fall with crypto top 10 as Fed raises rates 75 bps
India’s finance minister urges G20 nations to come on board to regulate crypto
Indian Finance Minister Nirmala Sitharaman has urged all Group of 20 (G20) nations, as well as international bodies like the International Monetary Fund and Financial Stability Board, to come together to help regulate crypto assets. See related article: India’s finance minister sees 46% growth in blockchain technology use in next few years Fast facts Sitharaman […]
Hong Kong crypto policy turns on hopes of economic revival
Top blockchain and crypto news: Hong Kong rethinks digital assets. CBDC to debut in India. China’s e-yuan privacy problem.
Huobi plans to move HQ to the Caribbean, Justin Sun says
Huobi Global, one of the world’s largest cryptocurrency exchanges, plans to move its headquarters to the Caribbean, its new advisory board member Justin Sun said.
NFT sales decline for sixth straight month despite tailwinds
While October saw the emergence of two very popular NFT collections, sales failed to break US$500 million in the lowest figures since July 2021.
USDC stablecoin issuer Circle wins Singapore digital payment license
The issuer of the world’s second-largest stablecoin is joining a fleet of companies in the digital asset industry moving into Singapore. What’s the attraction?
Markets: Bitcoin, Ether prices flat; Dogecoin, SHIB lead gains in crypto top 10
Bitcoin and Ether were little changed in Wednesday morning trading in Asia along with most of the cryptocurrency top 10 by market capitalization, excluding stablecoins.
India seeks info from crypto exchanges as it mulls GST on asset class: report
India’s Central Board of Indirect Taxes & Customs (CBIC), responsible for policy formulation and collection of indirect taxes like the goods and services tax (GST), has asked major cryptocurrency exchanges to provide details on the type of digital coins and tokens being traded and their valuation.
Coinbase seeks to weigh in on XRP lawsuit to support Ripple against SEC
Crypto exchange Coinbase has requested to file an amicus brief in support of Ripple to weigh in on the ongoing lawsuit between the SEC and Ripple.
JP Morgan, Standard Chartered execs disagree over Bitcoin’s significance
JPMorgan Chase and Standard Chartered execs were in disagreement at Hong Kong Fintech Week over how significant Bitcoin and the wider crypto industry are.
Singapore’s Tokenize crypto exchange opens platform for institutional investors
Cryptocurrency exchanges in Singapore are shifting focus to heavy-hitter investors, such as family offices and financial institutions, in line with the central bank’s warnings about the risks in retail crypto trading.
Hong Kong announces policies to win back role as digital asset hub
Hong Kong reveals digital asset policies to distinguish itself from China, where cryptocurrency trading was banned in September last year.
South Korea’s Wemade to remedy WEMIX token after ‘investment warning’ by crypto exchanges
South Korea-based blockchain game developer Wemade is working on a fix for WEMIX after four major crypto exchanges in the country added the cryptocurrency to an “investment warning” list for inaccurately reporting circulation numbers.
Sam Bankman-Fried says Hong Kong could become Asia’s Web 3 hub
The founder of crypto exchange FTX, which moved out of Hong Kong in 2021, said that the city could emerge as a Web3, blockchain and cryptocurrency hub.
Terra CEO Do Kwon faces lawsuit in Singapore, next hearing on Wednesday
A hearing is scheduled in Singapore on a lawsuit filed against Terraform Labs’ Do Kwon on behalf of investors who lost about US$57 million in the collapse of Terra-LUNA.
Fortune favors the brave? One year on from Crypto.com’s ad with Matt Damon
Trading volume on cryptocurrency exchange Crypto.com has slumped about 90% in the 12 months since the company’s “fortune favors the brave” ad.
Markets: Bitcoin, Ether, Cardano, XRP fall; BNB gains on Binance Twitter investment
Bitcoin and Ether fell in Monday morning trading in Asia, along with most other top 10 cryptocurrencies by market capitalization, excluding stablecoins.
Visa’s trademark filings hint at launch of crypto wallet
Visa International Service Association on Oct. 22 filed two trademark applications that hinted at plans of launching a crypto wallet.
Binance confirms equity in Elon Musk’s Twitter acquisition
Binance has confirmed its participation in Tesla Chief Executive Officer Elon Musk’s Twitter acquisition as an equity investor.
Hong Kong set to relaunch itself as digital asset hub with revamped policies
When China banned cryptocurrency trading and mining in September 2021, it was feared that policy would make its way into Hong Kong. Seems that concern is getting a rethink.
How to manage your crypto assets beyond the grave
When the Grim Reaper comes, will he take all your Bitcoins, too? Here’s how to ensure your crypto wealth will survive and live on for your heirs.
Crypto a rising currency of choice for drug smugglers in India
India has witnessed an increase in drug smuggling using cryptocurrencies and the darknet, according to the country’s Home Minister Amit Shah.
UK High Court shuts down PGI Global for alleged crypto scam
The United Kingdom High Court has shut down PGI Global UK Ltd. for allegedly running a crypto scam and has appointed the official receiver as the company’s liquidator.
Education is best protection measure in blockchain tech, says Binance chief CZ
Binance CEO Changpeng Zhao believes education is key to a wider, safer adoption of blockchain technology.
FTX CEO Sam Bankman-Fried says action needed on global rules for cryptocurrencies
Bankman-Fried says the global crypto industry needs a “passporting” policy framework that lowers barriers for crypto businesses.
Crypto a ‘better bet’ than gold, says Ethereum cofounder Vitalik Buterin
Ethereum founder Vitalik Buterin has called crypto “the better bet” over gold, and that “gold has less adoption than crypto.”
More than just a JPEG? Digital Art Fair Hong Kong explores NFTs for data streaming and display
Pixelated pictures and cartoonish drawings have typically dominated the world of Non-Fungible Tokens (NFTs), but some exhibits at Hong Kong’s Xperience art fair show new means of applying the technology.
How Europe’s MiCA can pave the way for crypto’s revival
Europe’s new MiCA framework for regulating crypto shows the good that can happen when government works with and not against the industry, writes Nick Saponaro of Divi Labs.
Aptos debut underwhelms amid questions over design and performance
Top blockchain and crypto news: Aptos launch falls short. Why FTX chief is calling for crypto regulations. Is Hong Kong paving way for a retail CBDC?
Markets: Bitcoin price hits three-week high; top 10 cryptos gain, led by Ether
Bitcoin posted a three-week high in afternoon trading in the Asia time zone. Ether led gains across all top 10 cryptocurrencies by market capitalization, with a 12% surge. Cardano’s ADA and Solana’s token also registered double-digit gains.