Coinbase announced its plans to cut 20% of its jobs and close down projects that have a low probability of success to survive the bearish crypto market.
Clients of FTX International have requested the court to withhold their identities and private information from FTX's bankruptcy filings to protect the exchange's user base from identity theft and other cyber scams.
Binance reported that Mazars has stopped offering services to crypto exchanges. The auditing firm removed the web pages that showed its Proof-of-Reserves (PoR) audits conducted on Binance, Crypto.com, and KuCoin.
Coinbase has introduced a new self-service asset recovery tool for unsupported ERC-20 tokens. This will enable the recovery of funds mistakenly sent to a Coinbase address.
Mithril had asked Binance for a 200,000 BNB ($53M) refund after the exchange delisted its token. Binance delisted Mithril after its review showed the project was not meeting up with the exchange’s standards.
In a recent Twitter Space discussion, Changpeng Zhao claimed that investors are more likely to lose their crypto assets by keeping them in private wallets instead of centralized exchanges.
Binance's clients withdrew over $1.9B from the exchange in the last 24 hours. The $1.9B figure marks the highest volume withdrawn from Binance within a day since June.
Crypto.com has released its Proof of Reserves which Mazars Group verified. The exchange aims to restore users’ trust and develop a culture of accountability and transparency in the industry.
Binance.US expanded its Zero Fee Trading program to Ethereum (ETH). This will allow users to trade on ETH/USD, ETH/USDT, ETH/USDC, and ETH/BUSD pairs without paying any fees.
Swyftx has cut about 35% of its employees in its second round of layoffs due to the worsening market conditions. The exchange laid off 90 employees today to re-position better and ensure financial stability.
Bybit has reduced its workforce due to the increasing effects of the bear market. This is part of its ongoing re-organization to enable them to deliver the crypto ark to the world with more passion and drive.
BitMEX has launched its PoL system, allowing depositors to self-verify their liabilities in the company’s total liability balance sheet. Client privacy is achieved through the complete publication of the Merkle tree and the random splitting of user balances.
Pavel Durov, the Founder and CEO of Telegram, announced his plans to build a decentralized crypto exchange and non-custodial wallets as a response to FTX's collapse.
Binance has finally re-entered Japan with its SEBC acquisition deal. The exchange is now a JFSA-regulated entity offering crypto-regulated services in Japan.
After Binance moved 127K Bitcoin tokens to an unknown wallet, Changpeng Zhao claimed that the transaction was a part of the exchange's Proof-of-Reserves (PoR) audit.
Binance has pledged $1B as an industry recovery fund for distressed crypto companies. The fund established by the exchange will help provide financial support and serve as an avenue for restoring confidence in Web3.
Liquid Global has paused its trading services five days after suspending fiat and crypto withdrawals. This action is in accordance with FTX’s Chapter 11 bankruptcy proceedings in the Delaware Courts.
Kris Marszalek reported that Crypto.com only has a $10M exposure to FTX as it was able to recover $990M worth of funds from the now-bankrupt crypto exchange.
The curtains have finally come down on the FTX liquidity crisis, with the exchange filing for bankruptcy in Delaware’s Federal Court and Sam Bankman-Fried stepping down as its CEO.
Binance has disclosed its major asset holdings to the public to improve transparency and foster trust in the industry. The company is making this move the cushion the effects of the FTX bank run.
Several prominent crypto exchanges, including OKX, Bybit, and KuCoin, have announced their plans to publish Proof-of-Reserves to provide full transparency to their customers.
Binance is reportedly considering terminating its acquisition deal with FTX less than a day after signing a non-binding LOI to “save” FTX from a liquidity crunch.
Jeremy Allaire compared FTX's liquidity crunch to the Lehman Brothers crisis and reassured investors that Circle does not have any exposure to FTX or Alameda Research.
The Binance-FTX acquisition deal sparked liquidity fears in the crypto community, causing huge selloffs and wild fluctuations in the prices of crypto assets.
According to the latest set of tweets by the CEOs of Binance and FTX, the two exchanges have reached an agreement wherein Binance will “fully acquire” FTX.
BUSD's stablecoin market share increased to its highest level at 15.48%. The token's market capitalization also grew by 22.88% within the past 2 months.
Although the EU demanded crypto platforms to suspend their services to Russia, many exchanges have not imposed any restrictions on their Russian users.
During Google's Cloud Next conference, the tech giant announced its partnership with Coinbase to allow certain clients to pay for cloud services using crypto.
Binance has halted its BNB Smart Chain (BSC) due to a $100 million to $110 million exploit on its cross-chain bridge. Binance CEO, Changpeng Zhao, confirms the situation has been contained, and users' funds are safe.
Strike has raised $90M to fund its network expansion. The money realized from the fundraising led by Ten31 earlier today will be used to revolutionize the credit card industry.
After suspending services in Japan in 2018, Binance now seeks a license to resume its operations. Binance's renewed interest in operating in Japan is due to the nation softening its stance on crypto.