The death spiral of Sam Bankman-Fried’s empire bolsters the dominance of Changpeng Zhao’s exchange and amps up potential dangers for the entire sector.
Mazars had performed a so-called proof-of-reserves check on Binance's bitcoin holdings earlier this month, finding its bitcoin reserves on a single day in late November were overcollateralized.
The CSOP Bitcoin Futures ETF closed up 0.5% at HK$7.81 per unit, while the CSOP Ether Futures ETF ended 0.4% higher at HK$7.805.
Cryptocurrencies have endured months of turmoil, with the collapse of crypto exchange FTX the latest blow to the sector.
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day
The price of Bitcoin, the world's largest cryptocurrency, hovered around Rs 15.12 lakh, and its dominance is currently 41.60 per cent, an increase of 0.79 per cent over the day,
Hailed as next Warren Buffett, FTX founder Sam Bankman-Fried has been arrested in the Bahamas following the bankruptcy of the cryptocurrency exchange, whose dramatic collapse sent its more than a million investors and their billions of dollars down a sinkhole. Here's a timeline of events
The price of Bitcoin, the world's largest cryptocurrency, hovered around Rs 15 lakh, and its dominance is currently 39.30 per cent, an increase of 0.44 per cent over the day,
"Binance's withdrawals are increasing due to the growing uncertainty about its reserves report," a Nansen spokesperson said.
The Cypriot regulator suspended the licence of FTX EU on Nov. 11, just before the cryptocurrency exchange imploded, seeking bankruptcy protection.
Bankman-Fried, who hasn’t been charged with any crimes, has denied trying to perpetrate a fraud, though he has owned up to grievous managerial errors at FTX.
In a statement late on Friday, the panel said it would hear from newly appointed FTX CEO John Ray and from Bankman-Fried, FTX's founder and former CEO, on Tuesday.
FTX and its sister hedge fund, Alameda Research, had just collapsed after a run on deposits exposed an $8 billion hole in the exchange’s accounts. The implosion unleashed a crypto crisis, as firms with ties to FTX teetered on the brink of bankruptcy.
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day
The price of bitcoin, the world's largest cryptocurrency, hovered around Rs 14.41 lakh, with a dominance of 38.53 per cent
Crypto investors suffered a series of blows this year from the collapse of the FTX exchange, to the crash of stablecoin TerraUSD and the decline of Bitcoin.
The price of bitcoin, the world's largest cryptocurrency, hovered around Rs 14.32 lakh, with a dominance of 38.33 per cent
It was not the ideal time for a celebration of the cryptocurrency industry. But the hall was booked, the guests had arrived, and so the show went on.
The FTX collapse and the meltdown in crypto has put the spotlight on the effective altruism movement, to which Sam Bankman-Fried, the founder of the crypto exchange, subscribed.
Asked if he knew whether funds were being funneled to Alamed, FTX’s former chief executive officer told ABC: "I did not know that there is any improper use of customer funds.”
The total volume in DeFi stood at $3.43 billion, which is 6.90 percent of the total crypto market 24-hour volume.
The price of bitcoin, the world's largest cryptocurrency, hovered around Rs 14.04 lakh
The price of bitcoin, the world's largest cryptocurrency, hovered around Rs 14.23 lakh, with a dominance of 38.30 percent
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day
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