FTX’s new CEO says there’s possibility for exchange to restart

FTX’s new CEO says there’s possibility for exchange to restart

As FTX news subsided in recent weeks, the new CEO of the crypto exchange shared that he is exploring the possibility of restarting the company, according to a report from The Wall Street Journal. John Ray III, the new FTX CEO, said in an interview that “everything is on the table,” in regards to reviving […]

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FTX founder Sam Bankman-Fried has been arrested in The Bahamas

Former FTX CEO SBF pleads not guilty to U.S. criminal charges

FTX founder and former CEO Sam Bankman-Fried plead not guilty to all eight counts of U.S. criminal charges on Tuesday. Bankman-Fried appeared before a judge in the U.S. District Court in New York City on Tuesday with his lawyers, Mark Cohen and Christian Everdell. Criminal charges against the 30-year-old former billionaire include wire fraud, conspiracy […]

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Binance’s bitcoin reserves are fully collateralized according to auditing firm Mazars

Binance’s bitcoin reserves are fully collateralized according to auditing firm Mazars

Auditing firm Mazars has released a report about Binance’s BTC reserves. The auditing firm has reached the same conclusion as Binance itself. As of November November 22 at 23:59 UTC, Binance held enough bitcoins and wrapped bitcoins to cover all users’s balance on the exchange. Binance had already launched a proof-of-reserves website nearly two weeks […]

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Binance launches proof-of-reserves system for BTC holdings

Binance launches proof-of-reserves system for BTC holdings

Cryptocurrency exchange company Binance has released a new site that explains its proof-of-reserves system. The company is starting with BTC reserves. Right now, Binance has a reserve ratio of 101%. It means that the company has enough bitcoins to cover all users’ balances. This move comes a couple of weeks after the collapse of FTX, […]

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Rocketplace raises $9M in seed funding to build the ‘Fidelity for crypto’

Rocketplace raises $9M in seed funding to build the ‘Fidelity for crypto’

Rocketplace, a startup that aims to build a “next-generation asset management platform for crypto,” has raised $9 million in a seed funding round. A few things about this raise stood out. For one, the funding comes at an interesting time in the crypto world — during the so-called “crypto winter” and a period that has […]

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Uniswap Labs COO MC Lader on the incentives behind DeFi

Uniswap Labs COO MC Lader on the incentives behind DeFi

Crypto lending and financial services companies have been at the forefront of the industry’s latest controversies ever since the collapse of the Terra stablecoin, with many drawing parallels between the web3 financial system and the broader markets in 2008. But not all protocols are created equal, and many that have sustained steep losses in the […]

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5 takeaways from Coinbase’s disappointing Q2 results

5 takeaways from Coinbase’s disappointing Q2 results

Coinbase is having to defend its model to investors who may have bought into its stock when it was trading much higher. And per its own notes, the bad times are not about to end any time soon.

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Crypto exchange Gemini executes second round of layoffs less than two months after axing 10% of staff

Crypto exchange Gemini executes second round of layoffs less than two months after axing 10% of staff

Just seven weeks after crypto exchange Gemini cut approximately 10% of its workforce due to “turbulent market conditions,” the startup has made a second round of layoffs, TechCrunch has learned, and there may be more on the way. The company had not widely communicated the extent of Monday’s layoffs internally, leaving employees to speculate on the exact […]

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