Altcoins
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.
Zoltan Vardai
Lens
Cryptocurrency Exchanges
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Bitcoin News
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.
Timmy Shen
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Crypto Trading and Strategies
Australian crypto exchange Swyftx cuts 40% of jobs amid fallout from FTX collapse
Australian cryptocurrency exchange Swyftx cut 90 staff members — or 40% of its workforce — to prepare for a “worst-case scenario” in the market from the collapse of FTX.com.
Lachlan Keller
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Crypto Trading and Strategies
Crypto exchange Bybit to cut 30% of staff to ‘navigate market slowdown’
Cryptocurrency exchange Bybit plans to cut 30% of its staff as part of a company reorganization, cofounder and chief executive officer Ben Zhou said in a statement shared with Forkast on Sunday.
Timmy Shen
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Altcoins
LINE’s crypto exchange BITFRONT announces closure, to suspend trading by 2023
LINE’s cryptocurrency exchange based in the U.S., BITFRONT, has announced closure on Monday to shift its focus to developing LINE’s blockchain ecosystem.
Danny Park
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Bitcoin News
Singapore’s Matrixport eyes US$100 mln fundraiser at US$1.5 bln valuation
Singapore-based crypto lender Matrixport is hoping to raise US$100 million at a valuation of US$1.5 billion, according to a Bloomberg report citing unnamed sources.
Pradipta Mukherjee
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Bitcoin News
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.
Pradipta Mukherjee
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Crypto Trading and Strategies
India’s CoinDCX crypto exchange publishes proof of reserves
Cryptocurrency exchange CoinDCX, India’s first crypto unicorn, published its proof of reserves on Thursday
Pradipta Mukherjee
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Regulation
US senators call for holding FTX executives accountable to fullest extent of the law
U.S. Senators Elizabeth Warren and Sheldon Whitehouse called for holding former FTX CEO “and any complicit FTX executives” to the fullest extent of the law.
Megha Chaddah
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Crypto Trading and Strategies
India’s CoinSwitch launches platform to enable multi-exchange trading with single login
Indian crypto exchange CoinSwitch has launched CoinSwitch Pro, a multi-exchange trading platform that lets users trade crypto assets in Indian Rupees across multiple exchanges with a single login.
Pradipta Mukherjee
