Binance says it will set up crypto recovery fund, industry standards group

Changpeng Zhao, founder and chief executive of Binance, tells the B20 Summit in Indonesia that the world’s largest cryptocurrency exchange aims to help improve business and operation standards in the crypto industry.

Crypto prices slide as investors pull funds on concerns other exchanges may follow FTX implosion

The collapse of one of the world’s biggest crypto exchanges last week has investors worried about the finances of other trading platforms. Cold wallet time?

FTX files for bankruptcy, Sam Bankman-Fried steps down as CEO

FTX.com, FTX US and 130 additional affiliates have filed for bankruptcy, its new CEO John J. Ray III says.

Binance chief says FTX bailout deal ‘didn’t make sense’

Changpeng Zhao, founder of the world’s largest crypto exchange, said its earlier pledge to acquire FTX fell through partially due to regulatory concerns.

Could FTX woes bring on another crypto freeze resembling Terra-Luna?

Crypto exchanges and lending platforms are starting to use the dreaded F word for Freeze amid worries about the possible collapse of FTX.com, part of one of the world’s biggest cryptocurrency trading networks.
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Shark Tank’s Kevin O’Leary says ‘FTX still has value,’ its story still being written

While FTX’s cash crunch has rattled global markets and investors, a White Knight investor could quickly turn the tide for the company, O’Leary told Forkast in an interview.

FTX liquidity crunch leads to contagion fears; Friday updates and running commentary

The following is a running compilation of views and comments on the possible short- and long-term outcomes of FTX’s liquidity crunch.
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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.

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.
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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’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.

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.
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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.

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?
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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.
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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.

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.
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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.

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.

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.

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.

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?
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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.

FastForkast headlines

Former Huobi CEO Leon Li offers US$14 mln loan to cover funds locked in FTX

S.Korea summons ex-Terra exec Daniel Shin over US$100M in LUNA gains

FTX Japan resumes withdrawals, FTX Turkey firms up plans

FTX US warns user trading could be halted ‘in a few days’

U.S. regulators reportedly talking with Binance over failed FTX bail out

Sam Bankman-Fried apologizes in first tweet since Binance saga: I F***** Up

Bitcoin gains 5% as U.S. inflation slows down in October

US regulators DoJ, SEC, CFTC probe crypto platform FTX

Binance likely to back out of FTX deal: report

The fall of FTX “not good for anyone,” CZ says

Singapore’s Temasek holds stake in FTX, a target of Binance takeover

Binance boosts emergency insurance fund to US$1 billion on market volatility

What could Binance gain from FTX’s wider investments?

‘Pharma bro’ Martin Shkreli to Do Kwon: jail isn’t that bad

Coinbase says it has minimal exposure to FTX, downplays risk

Binance buys FTX: Updates on what it means for the crypto industry

Markets: Bitcoin hits year low, Ether slumps as Binance rescue of FTX unnerves investors

Binance agrees to acquire FTX following liquidity crunch

Alameda says ‘wasn’t us’ amid speculation about BitDAO’s 20% plunge

Seizure, guilty plea in US$3.36 bln stolen Silk Road Bitcoin case

Markets: Bitcoin, Ether prices fall with most of crypto top 10, Polygon flips Solana

Markets: Bitcoin, Ether fall; Dogecoin interest fades

Indian crypto exchange WazirX introduces profit, loss function

South Korea’s online KakaoBank to open accounts for Coinone exchange users this month

Markets: Bitcoin, Ether prices pull back after weekend gain on sign U.S. inflation may be easing

India forms new crypto advocacy body with Coinbase, Polygon

Dashcam maker Hivemapper issues crypto HONEY for road image contribution

Goldman Sachs launches crypto explainer, trend tool for institutional clients

Bitcoin, Ether prices rise, Polygon leads top 10 in gains, Doge, Shib retreat

Digital wallet Cryptillian seeks to back Ripple against SEC in XRP lawsuit

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

Huobi plans to move HQ to the Caribbean, Justin Sun says

Markets: Bitcoin, Ether prices flat; Dogecoin, SHIB lead gains in crypto top 10

India seeks info from crypto exchanges as it mulls GST on asset class: report

Coinbase seeks to weigh in on XRP lawsuit to support Ripple against SEC

JP Morgan, Standard Chartered execs disagree over Bitcoin’s significance

South Korea’s Wemade to remedy WEMIX token after ‘investment warning’ by crypto exchanges

Sam Bankman-Fried says Hong Kong could become Asia’s Web 3 hub

Terra CEO Do Kwon faces lawsuit in Singapore, next hearing on Wednesday

Fortune favors the brave? One year on from Crypto.com’s ad with Matt Damon

Markets: Bitcoin, Ether, Cardano, XRP fall; BNB gains on Binance Twitter investment

Visa’s trademark filings hint at launch of crypto wallet

Binance confirms equity in Elon Musk’s Twitter acquisition