Markets: Bitcoin, Ether strengthen; Solana leads gains in most top 10 cryptos
Bitcoin and Ether increased in Asian trading on Wednesday afternoon, with Solana leading gains across most top 10 non-stablecoin cryptocurrencies
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Terra fugitive Do Kwon has registered address in Serbia: S. Korean local media
Interpol fugitive and chief of Terraform Labs Pte. Ltd. Kwon Do-hyung has registered his residential address in the Republic of Serbia.
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FTX an ‘old-fashioned embezzlement’ says new CEO as US authorities charge Bankman-Fried with fraud
Members of a U.S. Congressional hearing expressed frustration about the timing of Bankman-Fried’s arrest, saying they wanted him to testify under oath so the public could get the answers they are seeking about the collapse of FTX.
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Wemade appeals against the court ruling in favor of WEMIX delisting
Wemade Co. filed an immediate appeal against the court’s Dec. 7 decision that rejected the developer’s request to disallow four of the nation’s largest crypto exchanges from delisting its native cryptocurrency, WEMIX.
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Markets: Bitcoin, Ether prices rise as November U.S. inflation reading lower than expected
Bitcoin and Ether both rose more than 3% in Wednesday morning in Asia, as the U.S. consumer price index came in lower than expected.
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Binance resumes USDC withdrawals amid record stablecoin outflows
Binance, the world’s largest cryptocurrency exchange, announced at 12:54 a.m. on Wednesday in Hong Kong that USDC stablecoin withdrawals have resumed.
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Crypto savings, staking products not protected in Hong Kong, finance regulator says
The Hong Kong SFC said that virtual asset investments offering high-interest returns on cryptocurrency deposits and those that guarantee additional assets at fixed rates are unregulated products that are not protected by law.
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Bitcoin up 5% as U.S. inflation cools in November
Bitcoin jumped more than 5% on Tuesday evening Hong Kong time, after the U.S. Bureau of Labor Statistics said that the consumer price index (CPI), a key inflation indicator, was up 7.1% in November from a year earlier, less than the expected 7.3%, and down from 7.7% in October. The CPI rose 0.1% in November…
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Binance ‘temporarily’ freezes USDC stablecoin withdrawals, cites need for NY banks to reopen
The Binance cryptocurrency exchange “temporarily paused” USDC stablecoin withdrawals while it carried out a “token swap,” the company announced Tuesday.
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SEC charges FTX founder Sam Bankman-Fried with defrauding investors
FTX’s Sam Bankman-Fried has been charged by the U.S. SEC for orchestrating a years-long fraud on investors, the agency announced on Tuesday.