Binance publishes official Merkle Tree-based proof of reserves
Two weeks after its initial pledge for Merkle Tree-backed proof of funds, Binance releases its official response to liquidity transparency.
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FTX’s collapse could change crypto industry governance standards for good
Following FTX’s downfall, experts believe that centralized exchanges will be faced with increased regulatory scrutiny, potentially eliminating a lot of players from the fray.
Turkey seizes FTX assets in the country amid the ongoing investigation
Turkey’s Financial Crimes Investigation Board has seized assets belonging to Sam Bankman-Fried after launching an investigation into FTX's affairs in the country.
FTX stake in US bank raises concerns about banking loopholes
The chairman of the rural bank Jean Chalopin also happens to be the chairman of Deltec Bank, which has Tether and Alameda both on its client list.
Report: Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital
Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to pause…
CoinList addresses ‘FUD’ on withdrawals, cites technical issues for delays
CoinList blamed “custodian issues” with one suffering an outage affecting “many tokens” on the platform as the reason for reported withdrawal problems.
Turkey Investigates Former FTX CEO Sam Bankman-Fried for Fraud, Seizes Assets
The Turkish government has launched an investigation on the former chief executive of failed cryptocurrency exchange FTX, Sam Bankman-Fried. According to local media, the authorities in Ankara have also seized…
Bybit launches $100M support fund for institutional traders
Institutional trading firms have faced financial losses and operational difficulties in the wake of the FTX collapse.
Study: 6,100 Crypto ATMs Installed in 2022, Figure 3 Times Less Than in Previous Year
New data has shown that as many as 6,100 crypto and bitcoin automated teller machines were installed in the first eleven months of 2022. The latest figure is approximately three…
IMF Blog: Better Regulation of Africa’s Growing Crypto Market Urgently Needed
A well-regulated African cryptocurrency market is needed in order to protect users as well as help countries stop bad actors from using digital assets to circumvent capital controls, the latest…
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