Coinbase CEO says trading revenue has fallen to ‘roughly half’ what it was last year
The cryptocurrency exchange had previously reported that it expected losses of $500 million this year amid the bear market.
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Crypto consumer protection, proof of reserves bills introduced into US Congress
New York Democrat Ritchie Torres introduced the short bills, which are meant to supplement more comprehensive legislation, earlier this month with little fanfare.
Binance US eliminates trading fees for Ethereum
This announcement comes months after the crypto exchange removed all trading fees for Bitcoin transactions.
Security in crypto comes from liquidity or the lessons we learned after FTX
Following the FTX fiasco, retail and institutional investors alike are now looking to draw valuable conclusions.
Gate.io pledges $100M to revive crypto and rebuild investor confidence
With investors moving their funds away from exchanges into self-custody, market liquidity concerns are an immediate threat to struggling crypto businesses.
Michael Saylor on the FTX fiasco: ‘Unethical and illegal from the very beginning’
Saylor calls SBF the “poster child of the crypto world” while breaking down his antics, which ultimately brought the downfall of his empire.
Maple Finance cuts ties with Orthogonal Trading over alleged misrepresentation of finances
Maple’s decision comes after Orthogonal Trading admitted on Dec 3 that it was unable to meet loan repayments following the collapse of FTX and its partner Alameda.
Audit firm Mazars to verify KuCoin’s proof of reserves
Mazars, the former accounting firm for Donald Trump’s companies, was hired recently to audit Binance’s PoR.
AAX clients storm exchange’s office in Lagos following operational halt
A group of angry users attacked crypto exchange employees after withdrawals were halted, according to local media.
Regulators face public ire after FTX collapse, experts call for coordination
U.S regulators and their failure to avoid another crypto contagion have raised a lot of questions over their credibility.
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