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.
Jesse Powell, the co-founder of Kraken, announced his plans to step down from his position as CEO. Kraken’s current chief operating officer Dave Ripley will succeed him.
WazirX has announced the delisting of three stablecoins: USDC, USDP, and TUSD, and their auto-conversion to Binance USD. Like Binance, WazirX believes this move would help enhance liquidity and capital efficiency.
Top Wall Street firms have teamed up to create a digital assets exchange to eliminate the complexities of crypto trading. They aim to offer a safer, faster, and more efficient means of trading digital assets.
India's Enforcement Directorate (ED) lifted the sanctions it had earlier imposed on WazirX’s bank accounts, allowing the latter to resume its services.
In the coming weeks, Binance would stop supporting USDC and other stablecoins in a bid to increase liquidity. This doesn't mean that they are delisting these tokens as users can still deposit and withdraw them.
Crypto exchange Binance restricts Tezos developer Baking Bad’s $1M worth of crypto assets over a law enforcement request. Additionally, Binance accuses the Tezos tool contributor of misleading the community with its false claims.
Siam Commercial Bank, Thailand’s oldest bank, discarded its plans to purchase crypto exchange Bitkub in a $500M deal, citing the platform’s unresolved issues with the Thailand SEC as the reason behind pulling out of the agreement.
Marcus Lim, CEO of crypto exchange platform Zipmex, reveals he will not step down from his leadership role despite the company’s losses amounting to over $50M.
Decentralized exchange platform Uniswap blacklists 253 addresses that allegedly interacted with TRM Labs, citing ties to crimes involving stolen funds as the primary reason for the block.
