Binance releases proof of reserves
The world’s largest cryptocurrency exchange Binance released its proof of reserves (PoR) on Friday to provide transparency on user funds.
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Sam Bankman-Fried could face decades in jail if convicted of law violations in FTX collapse, lawyers say
The former CEO of the collapsed crypto exchange “needs to keep his mouth shut” and stop making public comments that could be used against him in future court cases, lawyers tell Forkast.
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Markets: Bitcoin, Ether fall; Litecoin leads decline across most top 10 crypto
Bitcoin and Ether fell in Asian trading on Thursday afternoon, with Litecoin seeing the steepest drop in declines across most top 10 non-stablecoin cryptocurrencies ranked by market capitalization
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S.Korean Wemade’s stock falls 30% after exchanges announce WEMIX token delisting; CEO blames Upbit exchange
The delisting poses a great obstacle to the game maker’s growing blockchain empire, while Wemade’s CEO blames the crypto exchange
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Stablecoin project Ardana on Cardano halts operation
Ardana, a stablecoin project being built on the Cardano blockchain, announced the project has been halted due to funding and uncertainty over its timeline.
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Singapore police say they are investigating crypto lender Hodlnaut on fraud allegations
Singapore’s white-collar crime unit is investigating Hodlnaut on allegations of fraud, according to a statement on the website of the Singapore police dated Nov. 23.
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Binance says it will set up US$1 billion ‘recovery’ fund for distressed crypto businesses
Binance said it will establish a US$1 billion fund for its “Industry Recovery Initiative” to mitigate the damage from the collapse of the FTX exchange.
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Binance CEO Changpeng Zhao says he should have tweeted sooner about FTX woes
The chief executive officer of Binance, Changpeng Zhao, regrets sending ‘too late’ a tweet that contributed to the collapse of FTX.com.
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Crypto exchange Bybit establishes US$100 million fund to aid institutional clients
Crypto exchange Bybit has established a US$100 million fund to support its institutional clients
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Russia plans launch of national crypto exchange
Russian lawmakers aim to launch a national cryptocurrency exchange, supported by the country’s Ministry of Finance and the Central Bank of Russia.