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.
Sam Bankman-Fried apologizes over FTX liquidity crisis: 'I fucked up twice'
https://cointelegraph.com/news/sam-bankman-fried-apologizes-over-ftx-liquidity-crisis-i-fucked-up-twice
https://cointelegraph.com/news/sam-bankman-fried-apologizes-over-ftx-liquidity-crisis-i-fucked-up-twice
Cointelegraph
Sam Bankman-Fried apologizes for FTX liquidity crisis: ‘I fucked up twice’
FTX CEO Sam Bankman-Fried admitted to investors he “should have done better” in providing transparency on the situation with FTX.
Bitcoin price gains $1K in minutes as CPI data deals DXY fresh 2% dip
https://cointelegraph.com/news/bitcoin-price-gains-1k-in-minutes-as-cpi-data-deals-dxy-fresh-2-dip
https://cointelegraph.com/news/bitcoin-price-gains-1k-in-minutes-as-cpi-data-deals-dxy-fresh-2-dip
Cointelegraph
Bitcoin price gains $1K in minutes as CPI data deals DXY fresh 2% dip
Bitcoin sees swift gains on U.S. CPI and jobless data with BTC price passing $17,700.
Report: Tether freezes $46M of FTX's USDT, setting new precedent
https://cointelegraph.com/news/report-tether-freezes-46m-of-ftx-s-usdt-on-tron-blockchain-setting-new-precedent
https://cointelegraph.com/news/report-tether-freezes-46m-of-ftx-s-usdt-on-tron-blockchain-setting-new-precedent
Cointelegraph
Report: Tether freezes $46M of FTX’s USDT, setting new precedent
The firm has thus far stayed away from freezing USDT held in wallets of exchanges.
Japan’s financial regulator requests FTX Japan halt operations
https://cointelegraph.com/news/japan-s-financial-regulator-requests-ftx-japan-halt-operations
https://cointelegraph.com/news/japan-s-financial-regulator-requests-ftx-japan-halt-operations
Cointelegraph
Japan’s financial regulator requests FTX Japan halt operations
In accordance with Japan’s Payment Services Act and Financial Instruments and Exchange Act, the FSA said it had issued suspension and business improvement orders for FTX Japan.
Breaking: FTX appears to have resumed withdrawals, blockchain data shows
https://cointelegraph.com/news/blockchain-data-show-ftx-appears-to-have-resumed-withdrawals
https://cointelegraph.com/news/blockchain-data-show-ftx-appears-to-have-resumed-withdrawals
Cointelegraph
Breaking: FTX partially resumes withdrawals, blockchain data shows
FTX froze withdrawals on Nov. 8.
US lawmaker warns of ‘major consequences’ for users of unregulated crypto firms, citing FTX
https://cointelegraph.com/news/us-lawmaker-warns-of-major-consequences-for-users-of-unregulated-crypto-firms-citing-ftx
https://cointelegraph.com/news/us-lawmaker-warns-of-major-consequences-for-users-of-unregulated-crypto-firms-citing-ftx
Cointelegraph
US lawmaker warns of ‘major consequences’ for users of unregulated crypto firms, citing FTX
Pointing to FTX’s liquidity issues, House Financial Services Committee Chair Maxine Waters pushed for legislation establishing a framework for crypto assets.
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‘Thank God’ El Salvador doesn’t have any Bitcoin on FTX, CZ clarifies
https://cointelegraph.com/news/thank-god-el-salvador-doesn-t-have-any-bitcoin-on-ftx-cz-clarifies
https://cointelegraph.com/news/thank-god-el-salvador-doesn-t-have-any-bitcoin-on-ftx-cz-clarifies
Cointelegraph
‘Thank God’ El Salvador doesn’t have any Bitcoin on FTX, CZ clarifies
Billionaire Mike Novogratz apologized for his role in spreading the misinformation.
The Clearing House stands up for bank rights, opposes CBDC in comments for US Treasury
https://cointelegraph.com/news/the-clearing-house-stands-up-for-bank-rights-opposes-cbdc-in-comments-for-us-treasury
https://cointelegraph.com/news/the-clearing-house-stands-up-for-bank-rights-opposes-cbdc-in-comments-for-us-treasury
Cointelegraph
The Clearing House stands up for bank rights, opposes CBDC in comments for US Treasury
Payment systems operator The Clearing House expressed concern for banks’ competitive abilities in the crypto ecosphere and its lack of faith in central bank digital currency.
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Republican lawmaker claims SEC chair was coordinating with FTX 'to obtain regulatory monopoly'
https://cointelegraph.com/news/republican-lawmaker-claims-sec-chair-was-coordinating-with-ftx-to-obtain-regulatory-monopoly
https://cointelegraph.com/news/republican-lawmaker-claims-sec-chair-was-coordinating-with-ftx-to-obtain-regulatory-monopoly
Cointelegraph
Republican lawmaker claims SEC chair was coordinating with FTX ‘to obtain regulatory monopoly’
Representative Tom Emmer said his team was looking into SEC chair Gary Gensler's alleged collaboration with SBF and FTX, without providing details on reported evidence.
82% of Tether reserves held in ‘extremely liquid’ assets, according to attestation
https://cointelegraph.com/news/82-of-tether-reserves-held-in-extremely-liquid-assets-according-to-attestation
https://cointelegraph.com/news/82-of-tether-reserves-held-in-extremely-liquid-assets-according-to-attestation
Cointelegraph
82% of Tether reserves held in ‘extremely liquid’ assets, according to attestation
An independent attestation from BDO Italia has once again confirmed that Tether's assets exceed its liabilities.
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FTX US resigns from the Crypto Council for Innovation
https://cointelegraph.com/news/ftx-us-resigns-from-the-crypto-council-for-innovation
https://cointelegraph.com/news/ftx-us-resigns-from-the-crypto-council-for-innovation
Cointelegraph
FTX US resigns from the Crypto Council for Innovation
Crypto exchange FTX US' departure from the council came amid FTX reporting liquidity issues, leading to volatility across the market and concerns from global regulators.
LayerZero Labs bought back its stake from FTX Ventures and Alameda
https://cointelegraph.com/news/layerzero-labs-bought-back-its-stake-from-ftx-ventures-and-alameda
https://cointelegraph.com/news/layerzero-labs-bought-back-its-stake-from-ftx-ventures-and-alameda
Cointelegraph
LayerZero Labs bought back its stake from FTX Ventures and Alameda
The agreement includes 100% of the equity position, including token warrants and STG tokens.
New tool mirrors Optimism NFTs to Ethereum mainnet for use in verified apps
https://cointelegraph.com/news/new-tool-mirrors-optimism-nfts-to-ethereum-mainnet-for-use-in-verified-apps
https://cointelegraph.com/news/new-tool-mirrors-optimism-nfts-to-ethereum-mainnet-for-use-in-verified-apps
Cointelegraph
New tool mirrors Optimism NFTs to Ethereum mainnet for use in verified apps
Optimism continues push to win the battle of Ethereum scaling solutions.