The news comes after Amber Group reportedly pulled back expansion plans due to financial exposure to the FTX collapse.
Here is why Bitcoin price gave back all its intraday gains
BTC price retraced all of its intraday gains after Fed chair Jerome Powell issued hawkish statements related to the central bank’s 50 basis point interest rate hike.
MetaMask to allow users to purchase and transfer Ethereum via PayPal
The service will initially be rolled out to select PayPal users within the United States.
Algorand to support bank and insurance guarantees platform in Italy
This is the first time an EU Member State will use blockchain technology for bank and insurance guarantees, according to Algorand.
Crypto community members discuss bank run on Binance
According to CEO Changpeng Zhao, Binance has seen outflows of an estimated $1.14 billion from the exchange.
Is DeFi back? GMX rallies toward all-time high and LOOKS price gains 30%
GMX and LOOKS price pulled off double-digit rallies in the last week as former BitMEX CEO Arthur Hayes revealed his investment thesis for both projects.
Web3 game DOGAMÍ secures $14M total funding
DOGAMÍ’s team says it hopes to develop the first Web3 mobile game for mainstream audiences.
$75M worth of FTX’s political donations at risk of being recalled due to bankruptcy: report
To distance themselves from the failed exchange, some politicians have already resorted to donating funds they received from FTX to charity.
Bitcoin’s bear market is far from over, but data points to improving investor sentiment
Crypto investor sentiment saw a slight upswing, but the potential of a deep liquidity crisis in the sector could keep investors at bay.
FTT investors’ claims to be investigated for securities laws violations
To help the investors legally recoup losses, Schall Law Firm plans to investigate FTX for issuing misleading statements or failing to disclose crucial information.
Data shows the Bitcoin mining bear market has a ways to go
The 2022 bear market is impacting BTC miners in more extreme ways than previous downturns, especially with so many publicly listed miners struggling with their debt obligations.
CEO of crypto news site The Block resigns for failing to disclose $27M loans from Alameda Research
New CEO Bobby Moran said there was no evidence that Mike McCaffrey had “improperly” influenced coverage of Sam Bankman-Fried, FTX, and Alameda Research on the news site.
FalconX says exposure to FTX represented 18% of its ‘unencumbered cash equivalents’
According to the crypto brokerage firm, the 18% ratio fell well within its “counterparty exposure limits.”
Amber Group ditches expansion plans after denying insolvency: Report
Temasek-backed Amber has raised about $50 million in funding from a new sovereign fund, with the deal to be announced in January.
What is stagflation, and how could it impact the cryptocurrency markets?
What is stagflation, how to fight it with crypto and how are the cryptocurrency markets impacted by high inflation and economic downturn?
Countries and institutions move into crypto despite market drop: Report
November saw a reduction in BTC mining revenue for publicly traded miners, a decline in venture capital investment, and signals of Bitcoin going to $12,000.
BlockFi employees were discouraged from describing risks in internal communications: Report
According to a former employee, an internal team at BlockFi raised concerns about the borrower pool being too concentrated among crypto whales, such as Three Arrows Capital and Alameda.
Fintech Company ZELF launches anonymous Visa debit card with crypto recharge
The company’s latest initiative will allow users to open up a U.S. dollar checking account with only their name, email, and phone number.
Binance US eliminates trading fees for Ethereum
This announcement comes months after the crypto exchange removed all trading fees for Bitcoin transactions.
Zodia Custody launches service to protect users’ crypto from exchange insolvency
The new service, Interchange, will provide an alternative to the pre-funding and margin models of cryptocurrency exchanges.