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Binance, OKX and Bybit suspend USDT and USDC deposits on Solana

[Nov 17, 2022 8:08 AM] The SOL cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits of Solana-based stablecoins.

Russia and Cuba Eye Cryptocurrencies for Settlements Amid Sanctions

[Nov 17, 2022 6:30 AM] Both facing sanctions, Russia and Cuba are looking into alternative options for cross-border payments, including cryptocurrencies, a Kremlin advisor has unveiled in Havana. Moscow is already developing a mechanism for crypto settlements to…

FTX acquisition no more: Canadian exchange Bitvo backs off the deal

[Nov 17, 2022 5:55 AM] Bitvo has managed to back off its acquisition agreement with FTX exchange thanks to long approval process of the deal from local regulators.

Nayib Bukele announces Bitcoin prescription for El Salvador: 1 BTC a day

[Nov 17, 2022 2:04 AM] El Salvador currently holds 2,381 BTC with a total investment of $103 million, the value of its BTC investment has declined to $39.4 million in the current market conditions.

Australia Suspends Financial Services License of Local FTX Entity

[Nov 17, 2022 1:30 AM] Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to provide limited financial services until Dec. 19…

DeFi platforms see profits amid FTX collapse and CEX exodus

[Nov 16, 2022 2:23 PM] On-chain data flashed positive for DEXs and an increase in protocol revenue, even as markets corrected due to FTX’s insolvency.

Blockstream CEO Adam Back talks Bitcoin over a game of Jenga

[Nov 16, 2022 1:45 PM] Back was one of the few people cited in the original Bitcoin whitepaper.

Bybit releases reserve wallet addresses amid calls for transparency

[Nov 16, 2022 1:15 PM] The wallets seem to indicate that over $1billion worth of BTC, USDT, ETH, and USDC are held by the exchange.

Genesis Global halts withdrawals citing 'unprecedented market turmoil'

[Nov 16, 2022 8:29 AM] The troubled firm is also acting as the liquidity provider of Grayscale Bitcoin Investment Trust.

FTX crisis could extend crypto winter to the end of 2023: Report

[Nov 16, 2022 6:01 AM] The crypto market might see “second-order effects” from counterparties that may have lent or interacted with either FTX or Alameda.

Tim Draper still positive on $250K Bitcoin price prediction in 2023

[Nov 16, 2022 4:32 AM] The collapse of FTX crypto exchange has nothing to do with the success of Bitcoin because BTC is decentralized and FTX was not, Tim Draper said.

Ukraine’s Deputy Digital Minister Rejects ‘FTX-Democrats Narrative’

[Nov 16, 2022 1:00 AM] Claims that Ukraine has invested military aid into the bankrupt crypto exchange FTX have been rebutted by a representative of the Ukrainian government. Speculation circulated on social media suggested such funds have been returning to the U.S. via…

Hive Blockchain revenue declines by 44% Y/Y despite overall mining production surge

[Nov 15, 2022 12:15 PM] The company mined 31% more Bitcoin than in the same quarter last year.

Gold Bug Peter Schiff Insists This Is ‘Not a Crypto Winter,’ Economist Says It’s More Like ‘Crypto Extinction’

[Nov 15, 2022 9:30 AM] Since bitcoin started falling from its all-time high last year, the economist and gold bug, Peter Schiff, made sure everyone knows that he wholeheartedly believes the leading crypto asset will fall to zero. Now that FTX has collapsed, Schiff has…

FTX-owned crypto exchange Liquid halts all withdrawals

[Nov 15, 2022 7:43 AM] Sam Bankman-Fried’s FTX exchange acquired the Japanese crypto trading platform Liquid Group and its subsidiaries in February 2022.

FTX bankruptcy filing speculates over 1 million creditors

[Nov 15, 2022 7:37 AM] In the latest bankruptcy filing for the exchange, it was revealed that there may be 1 million creditors, rather than the 100,000 initially estimated.

FTX hacker still draining exchange wallets? Analyst calls it on-chain spoofing

[Nov 15, 2022 5:55 AM] The FTX hacker managed to steal $477 million out of the $650 million moved on-chain on Nov.11 and currently holds $62 million in total assets.

Trezor reports 300% surge in sales revenue due to FTX contagion

[Nov 15, 2022 4:31 AM] The hardware wallet firm is certain that the latest uptick in demand is a result of investors rescuing their funds in the aftermath of the FTX failure.

Amid FTX collapse, crypto funds see largest inflows in 14 weeks

[Nov 14, 2022 2:30 PM] The Bitcoin price briefly fell below $16,000 last week as Sam Bankman-Fried’s FTX Group filed for bankruptcy.

Former Huobi-linked entity says it has $18.1 million stuck on FTX

[Nov 14, 2022 1:00 PM] Lin Li, the company’s founder, has agreed to lend up to $14 million to New Huo Technology to bail out affected clients.

Arbitrum sees steady growth as airdrop speculation leads to increased earnings

[Nov 14, 2022 12:30 PM] Arbitrum’s earnings are soaring as daily active users flood the layer-2 platform with the hope of an eventual airdrop.

Is GPU mining profitable after the Ethereum Merge?

[Nov 14, 2022 10:10 AM] The Ethereum merge is the upgrade from proof-of-work to proof-of-stake as a way of validating block transactions on the network.

Crypto.com CEO addresses whereabouts of $1B in stablecoins sent to FTX

[Nov 14, 2022 8:39 AM] CEO Marszalek says the firm has recovered much of the funds and has less than $10M in exposure to FTX.

Bitcoin miner Canaan scales operations despite low earnings, CEO says

[Nov 14, 2022 6:52 AM] Chinese Bitcoin mining firm Canaan posted a 90% over-the-quarter decrease in net income in Q3 2022, but it’s not the end of its business.

Ukraine’s Cyberpolice Expose Members of Crypto Fraud Scheme Making €200 Million a Year

[Nov 14, 2022 3:00 AM] A report shows Ukrainian Cyberpolice identified members of a group that defrauded people around the world through fake crypto investment offers. The criminal organization maintained offices and customer service centers with thousands of employees…

Bank of Russia Sets Out to Regulate Digital Asset Taxation, Exchange, Still Opposed to Crypto

[Nov 13, 2022 3:00 PM] The Central Bank of Russia supports the development of digital financial assets but remains opposed to legalizing crypto payments, its top management has reiterated. The monetary authority is now working on a set of regulatory proposals that will…

Crypto token supplies explained: Circulating, maximum and total supply

[Nov 12, 2022 2:00 PM] Circulating, maximum and total supply are all essential metrics for an investor’s price discovery. Find out here what they are and how they can be used.

Brussels Set to Begin Talks on EU Crypto Tax, Report Reveals

[Nov 12, 2022 1:30 AM] The European Commission is preparing to discuss with member states the adoption of a common tax regime for crypto assets, European officials have indicated. The talks with national treasuries are expected to start next year with the aim to end the…

Russian IT Firms Lobby for Crypto Payments in Software Exports

[Nov 11, 2022 3:30 PM] Companies developing software solutions for foreign customers are urging Russian authorities to allow them to accept crypto payments. The proposal is part of a package of measures aimed at supporting IT exports suggested by an industry organization…

Solana TVL drops by almost one-third as FTX turmoil rocks ecosystem: Finance Redefined

[Nov 11, 2022 2:00 PM] The DeFi market faced the heat of the FTX turmoil as well with the majority of tokens and projects registering a blood bath over the past week.