Sam Bankman-Fried in Bahamas police custody, faces criminal charges in U.S.
Top blockchain and crypto news: SBF denied bail, US extradition likely next. The Block chief quits over secret FTX loans. Hong Kong readies digital asset rules.
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KuCoin’s BTC, ETH reserves overcollateralized, says auditor Mazars
KuCoin, a Seychelles-based cryptocurrency exchange, on Monday released its proof of reserves report issued by third-party auditor Mazars, which concluded that the exchange’s reserves of Bitcoin, Ether, USDT and USDC are overcollateralized.
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U.S. considering bill to require crypto miners to report carbon emissions
U.S. cryptocurrency miners would be required to report greenhouse gas emissions under a new bill submitted to the Senate, reflecting criticism the industry is adding to use of fossil fuels blamed for global warming.
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FTX failure a ‘wake-up call’ for security, says former Mt Gox CEO Mark Karpeles
Before the FTX implosion there was Mt. Gox, an exchange that oversaw 80% of all Bitcoin trades before it collapsed in 2014. In this exclusive interview with Forkast, former Mt. Gox Chief Executive Officer Mark Karpeles says what he sees in store for the industry in 2023 in the wake of the FTX bankruptcy.
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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.
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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.
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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.”
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U.S. crypto exchange Kraken to lay off 30% of its workforce, cites ‘market conditions’
U.S.-based crypto exchange Kraken said it will lay off 30% of its global workforce, or approximately 1,100 people, to “adapt to current market conditions.”
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Grayscale holdings questioned amid crypto investment giant’s silence
Top blockchain and crypto news: Grayscale’s cryptic reserves. Binance rides to the rescue? China hit by protests and digital dissent.
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Diverging paths of two CEOs running FTX’s Alameda Research may meet again in court
Employee accounts of life at Sam Bankman-Fried’s flagship cryptocurrency trading arm Alameda Research paint a picture of overworked and inexperienced millennials running a ship headed for the rocks: one seemingly escaped.