Binance’s victory over FTX means more users moving away from central exchanges
https://cointelegraph.com/news/binance-s-victory-over-ftx-means-more-users-moving-away-from-centralized-exchanges
https://cointelegraph.com/news/binance-s-victory-over-ftx-means-more-users-moving-away-from-centralized-exchanges
Cointelegraph
Binance’s victory over FTX means more users moving away from central exchanges
Binance faces far less competition in the aftermath of FTX’s fall, but it still may not win a surge in new users.
MiCA proponent cites FTX in advocating for regulation: 'Crypto assets are not play money'
https://cointelegraph.com/news/mica-proponent-cites-ftx-in-advocating-for-regulation-crypto-assets-are-not-play-money
https://cointelegraph.com/news/mica-proponent-cites-ftx-in-advocating-for-regulation-crypto-assets-are-not-play-money
Cointelegraph
MiCA proponent cites FTX in advocating for regulation: ‘Crypto assets are not play money’
EU Parliament Member Berger said proper regulation was needed to avoid issues which “cost enormous trust” in the crypto space, citing FTX's financial difficulties.
OKX, Kucoin say proof of reserves will be ready in a month
https://cointelegraph.com/news/okx-kucoin-say-proof-of-reserves-will-be-ready-in-a-month
https://cointelegraph.com/news/okx-kucoin-say-proof-of-reserves-will-be-ready-in-a-month
Cointelegraph
OKX, Kucoin say proof of reserves will be ready in a month
CZ of Binance recently argued that all exchanges should provide Proof of Reserves to ensure exchanges are not operating on “fractional reserves.”
Bitcoin price hits multi-year low at $15.6K, analysts expect further downside
https://cointelegraph.com/news/bitcoin-price-hits-multi-year-low-at-15-6k-analysts-expect-further-downside
https://cointelegraph.com/news/bitcoin-price-hits-multi-year-low-at-15-6k-analysts-expect-further-downside
Cointelegraph
Bitcoin price hits multi-year low at $15.6K, analysts expect further downside
Analysts discuss what’s next for BTC and altcoins now that FTX will be allowed to fold in on itself.
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Solana TVL drops 32.4% as FTX turmoil rocks ecosystem
https://cointelegraph.com/news/solana-tvl-drops-32-4-as-ftx-turmoil-rocks-ecosystem
https://cointelegraph.com/news/solana-tvl-drops-32-4-as-ftx-turmoil-rocks-ecosystem
Cointelegraph
Solana TVL drops 32.4% as FTX turmoil rocks ecosystem
Solana’s TVL has fallen from an ATH of $10.17 billion a year ago to just $423.68 million today, with its token and TVL being more heavily affected by the FTX fallout.
FTX website comes back online with message advising against deposits
https://cointelegraph.com/news/ftx-website-comes-back-online-with-message-advising-against-deposits
https://cointelegraph.com/news/ftx-website-comes-back-online-with-message-advising-against-deposits
Cointelegraph
FTX website comes back online with message advising against deposits
FTX’s, the cash-strapped crypto exchange, website confirmed that it has halted withdrawals and strongly advises users from depositing.
SBF tells investors FTX needs $8B in emergency funding: WSJ
https://cointelegraph.com/news/sbf-tells-investors-ftx-needs-8b-in-emergency-funding-wsj
https://cointelegraph.com/news/sbf-tells-investors-ftx-needs-8b-in-emergency-funding-wsj
Cointelegraph
SBF tells investors FTX needs $8B in emergency funding: WSJ
FTX CEO SBF has reportedly asked investors for $8 billion in emergency funding to cover a shortfall caused by a flood of withdrawal requests.
FTX and Binance’s ongoing saga: Everything that’s happened until now
https://cointelegraph.com/news/ftx-and-binance-s-ongoing-saga-everything-that-s-happened-until-now
https://cointelegraph.com/news/ftx-and-binance-s-ongoing-saga-everything-that-s-happened-until-now
Cointelegraph
FTX’s ongoing saga: Everything that’s happened until now
Cryptocurrency exchanges Binance and FTX have made headlines over the past few days and Cointelegraph has rounded up the major moves that have taken place from the start until now.
Crypto.com commits to proof-of-reserves after halting certain deposits and withdrawals
https://cointelegraph.com/news/crypto-com-commits-to-proof-of-reserves-after-halting-certain-deposits-and-withdrawals
https://cointelegraph.com/news/crypto-com-commits-to-proof-of-reserves-after-halting-certain-deposits-and-withdrawals
Cointelegraph
Crypto.com commits to proof-of-reserves after halting FTX-backed Solana deposits and withdrawals
The exchange assured its customers that they can still withdraw USDC and USDT using other supported networks at any time.
‘Twitter will do lots of dumb things’ in the coming months: Elon Musk
https://cointelegraph.com/news/twitter-will-do-lots-of-dumb-things-in-the-coming-months-elon-musk
https://cointelegraph.com/news/twitter-will-do-lots-of-dumb-things-in-the-coming-months-elon-musk
Cointelegraph
‘Twitter will do lots of dumb things’ in the coming months: Elon Musk
Elon Musk says they’ll do “lots of dumb things” on Twitter and will keep what works and change what doesn’t.
Sequoia Capital marks down entire $214M FTX stake to zero
https://cointelegraph.com/news/sequoia-capital-marks-down-entire-214m-ftx-stake-to-zero
https://cointelegraph.com/news/sequoia-capital-marks-down-entire-214m-ftx-stake-to-zero
Cointelegraph
Sequoia Capital marks down entire $214M FTX stake to zero
Three days into the sudden collapse of FTX has been enough for one of FTX’s largest investors, Sequoia Capital to completely write off its nearly $214 million investment into the exchange.
OpenSea to enforce creator royalties on all collections after community outcry
https://cointelegraph.com/news/opensea-to-enforce-creator-royalty-on-all-collections-after-community-outcry
https://cointelegraph.com/news/opensea-to-enforce-creator-royalty-on-all-collections-after-community-outcry
Cointelegraph
OpenSea to enforce creator royalties on all collections after community outcry
OpenSea, the largest NFT marketplace by trading volume, has announced it will continue to enforce creator royalties on all NFT collections.
Bitcoin miners 'next trigger' for BTC price crash as outflows hit multi-month highs
https://cointelegraph.com/news/bitcoin-miners-next-trigger-for-btc-price-crash-as-outflows-hit-multi-month-highs
https://cointelegraph.com/news/bitcoin-miners-next-trigger-for-btc-price-crash-as-outflows-hit-multi-month-highs
Cointelegraph
Bitcoin miners ‘next trigger’ for BTC price crash as outflows hit multi-month highs
Bitcoin miners look to send BTC price down further, research warns, thanks to BTC sales.
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Grayscale Bitcoin Trust records a 41% discount amid FTX meltdown
https://cointelegraph.com/news/grayscale-bitcoin-trust-closes-with-41-premium-lost-amid-ftx-meltdown
https://cointelegraph.com/news/grayscale-bitcoin-trust-closes-with-41-premium-lost-amid-ftx-meltdown
Cointelegraph
Grayscale Bitcoin Trust records a 41% discount amid FTX meltdown
Grayscale has been trying to convert a trust fund to ETF since 2021, but the SEC stands against it.
Unclear regulations drove 95% of trading activity offshore: Coinbase CEO
https://cointelegraph.com/news/unclear-regulations-drove-95-of-trading-activity-offshore-coinbase-ceo
https://cointelegraph.com/news/unclear-regulations-drove-95-of-trading-activity-offshore-coinbase-ceo
Cointelegraph
Unclear regulations drove 95% of trading activity offshore: Coinbase CEO
Coinbase CEO said that the enforcement action against U.S.-based companies for the irregularities committed by an offshore crypto exchange that fall out of the jurisdictions of U.S. regulators makes no sense.
Ledger hardware wallets hit by the FTX earthquake, CTO says
https://cointelegraph.com/news/ledger-hardware-wallets-hit-by-the-ftx-earthquake-cto-says
https://cointelegraph.com/news/ledger-hardware-wallets-hit-by-the-ftx-earthquake-cto-says
Cointelegraph
Ledger hardware wallets hit by the FTX earthquake — CTO
Ledger hard wallet provider experienced some scalability outages due to massive outflows from crypto exchanges, CTO reported.
Tron's stablecoin USDD loses dollar peg on suspected selloff by Alameda Research
https://cointelegraph.com/news/tron-s-stablecoin-usdd-loses-dollar-peg-on-suspected-selloff-by-alameda-research
https://cointelegraph.com/news/tron-s-stablecoin-usdd-loses-dollar-peg-on-suspected-selloff-by-alameda-research
Cointelegraph
Tron’s stablecoin USDD loses dollar peg on suspected selloff by Alameda Research
Wallets associated with Sam Bankman-Fried’s Alameda Research could be behind the USD depeg, alleges Tron founder Justin Sun.
Analysts urge calm as Tether depegs from USD, Bitcoin loses $17K rebound
https://cointelegraph.com/news/analysts-urge-calm-as-tether-depegs-from-usd-bitcoin-loses-17k-rebound
https://cointelegraph.com/news/analysts-urge-calm-as-tether-depegs-from-usd-bitcoin-loses-17k-rebound
Cointelegraph
Analysts urge calm as Tether depegs from USD, Bitcoin loses $17K rebound
Tether comes off from its dollar peg as USDT fuels more BTC volatility, but Bitcoin commentators are calm.
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Claims and rumors fuel crypto market turmoil amid FTX collapse
https://cointelegraph.com/news/claims-and-rumors-fuel-crypto-market-turmoil-amid-ftx-collapse
https://cointelegraph.com/news/claims-and-rumors-fuel-crypto-market-turmoil-amid-ftx-collapse
Cointelegraph
Claims and rumors fuel crypto market turmoil amid FTX collapse
Mainstream media described Binance pulling out of the FTX deal as a "failed bid to save crypto."
Binance shares wallet addresses and activity after proof of reserve pledge
https://cointelegraph.com/news/binance-shares-wallet-addresses-and-activity-after-proof-of-reserve-pledge
https://cointelegraph.com/news/binance-shares-wallet-addresses-and-activity-after-proof-of-reserve-pledge
Cointelegraph
Binance shares wallet addresses and activity after proof-of-reserve pledge
The exchange says this is the next step in its commitment to transparency and that the final goal is to create a Merkle Tree proof of funds in the following weeks.
Maintaining decentralization: Are custody services a threat to DeFi protocols?
https://cointelegraph.com/news/maintaining-decentralization-are-custody-services-a-threat-to-defi-protocols
https://cointelegraph.com/news/maintaining-decentralization-are-custody-services-a-threat-to-defi-protocols
Cointelegraph
Maintaining decentralization: Are custody services a threat to DeFi protocols?
Decentralized finance protocols have brought the idea of decentralization to a new level with the use of governance tokens, which give holders the right to vote on or submit proposals.