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.
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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.
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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.
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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
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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.
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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.
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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.
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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.
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Singapore’s Temasek writes off US$275 mln in FTX
Temasek says its belief in Sam Bankman-Fried may have been ‘misplaced.’
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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.