Crypto exchange Huobi's Li to sell his entire stake to buyout firm — link
Reuters
Crypto exchange Huobi's Li to sell his entire stake to buyout firm
Cryptocurrency exchange Huobi Global said its founder had agreed to sell his controlling stake in the China-based company to buyout firm About Capital Management (HK) Co.
Chinese Streaming Platform Implements Smart Contracts to Solve Copyright Issues - Link
cryptonews.net
Chinese Streaming Platform Implements Smart Contracts to Solve Copyright Issues
Chinese iQIYI, a Netflix-like streaming platform, intends to implement the Ethereum (ETH) ERC-3475 smart contract standard to address copyright issues. This news was announced by DeBond,
🇮🇳 Binance CEO says India's high tax on crypto is probably going to kill the industry.
🇺🇸 President Biden says Elon Musk purchased a social media platform that "spews lies all across the world.
FTX owed $9 billion in liabilities while holding under $1 billion in assets prior to its bankruptcy filing.
Alameda, FTX executives are said to have known FTX was using customer funds — link
WSJ
WSJ News Exclusive | Alameda, FTX Executives Are Said to Have Known FTX Was Using Customer Funds
Alameda Research CEO and senior FTX officials are said to have known that FTX had lent its customers’ money to Alameda to help it meet its liabilities.
FTX CEO John Ray confirms hack, says they are coordinating with law enforcement to recover funds.
Binance will launch a new ‘industry recovery fund’ — link
The Block
Binance will launch a new ‘industry recovery fund’
Binance will launch a new fund to help prop up crypto projects facing liquidity crunches.
Crypto lender Genesis is subject of probe by regulators — link
barrons
Crypto Lender Genesis Is Subject of Probe
The inquiry is looking at the interconnectedness of crypto firms, Genesis Global Capital's links to retail investors, and whether it or other companies might have violated securities laws.
Binance's bitcoin reserves are collateralized 101% according to Mazars audit — link
The Block
Binance's bitcoin reserves are collateralized 101% according to Mazars report
Mazars concluded that Binance's bitcoin reserves are fully collateralized, following a proof-of-reserves and proof-of-liabilities verification.
FTX founder Bankman-Fried has left Bahamas prison — link
U.S.
FTX founder Bankman-Fried has left Bahamas prison - source
FTX founder Sam Bankman-Fried departed a prison in The Bahamas on Wednesday, a source told Reuters, after signing papers paving the way for his extradition to the United States to face fraud charges over the collapse of the crypto exchange. (Reporting by…
Today is the 14th anniversary of Bitcoin's genesis block. On January 3, 2009, Satoshi Nakamoto mined the first block, the Genesis Block.
New York regulators fined Coinbase $COIN $50 million for allowing users to open accounts without proper background checks.
Crypto investor Justin Sun says willing to spend up to $1 billion on DCG assets — link
Reuters
Crypto investor Justin Sun says willing to spend up to $1 bln on DCG assets
Chinese crypto entrepreneur Justin Sun is willing to spend $1 billion of his own funds on buying assets belonging to Digital Currency Group (DCG), the parent company of embattled crypto lender Genesis, Sun told Reuters.