To prove his point, Shetty attached a partially redacted email chain that began on July 19, 2021, between Brian Schroder, the CEO of Binance US, and Tushar Patel, the vice president of finance at WazirX, about an amended “share purchase agreement.” Author: Elizabeth Napolitano, Cheyenne Ligon Source link
Despite being one of the biggest cryptocurrencies, with a market capitalization around $40 billion, Binance’s BNB token has failed to win a listing on any major U.S. crypto exchanges, aside from Binance.US. Some analysts are now looking at whether that’s a yellow flag. Author: Lyllah Ledesma Source link
“If demand for trading on the FTX platform increased, demand for the FTT token could increase, such that any price increase in FTT would benefit holders of FTT equally and in direct proportion to their FTT holdings,” the SEC wrote in its complaint. “The large allocation of tokens to FTX incentivized the FTX management team to take steps to attract more users onto the trading platform and, therefore, increase demand for, and increase the trading price of, the FTT token.” Author: Sam Reynolds Source link
“The Gemini Spaceship will undergo scheduled Exchange maintenance on Thursday, December 15th from approximately 10:00pm until Friday, December 16th at 12:30am ET,” and all user interfaces and trading will be unavailable during that time, a notice on the exchange’s status page said. Author: Eliza Gkritsi Source link
Binance bought Sakura Exchange BitCoin (SEBC), a Japanese crypto exchange regulated by the country’s Financial Services Agency (FSA), for an undisclosed amount. Author: Jamie Crawley Source link
According to the email, the breach exposed “customer names, email addresses, residential addresses, phone numbers, dates of birth, device IDs, public wallet addresses, transaction history, and account balances.” Although the email was sent yesterday, Coinsquare discovered the breach last week and notified customers via Twitter. Author: Frederick Munawa Source link
Cryptocurrency exchange Huobi has said rumours that it will merge with Poloniex are “categorically untrue.” Author: Jamie Crawley Source link
Many crypto exchanges have failed in the past, losing client funds and causing many people to lose the money they had on the exchange. Crypto exchanges failing, unfortunately, is not an uncommon event in crypto, but the scale of fraud and mismanagement with FTX is unprecedented. These recent events have caused many in traditional finance to lose faith in the future of crypto, put tremendous downward pressure on crypto prices and lead many to call for further regulation in the crypto markets. Author: Jackson Wood Source link
Russian lawmakers are working on amendments to launch a national crypto exchange. This effort is reportedly supported both by the Ministry of Finance and the Central Bank of Russia which have a long history of disagreement over crypto regulation in the country. As local media reported on Nov. 23, members of the lower chamber of the Russian parliament, the Duma, have been in discussions regarding amendments to the country’s existing cryptocurrency legislation “On digital financial assets” with market stakeholders. The amendments, which would lay down a legal framework for a national exchange,…
Following the collapse of FTX and the exchange filing bankruptcy on Nov. 11, the trading platform’s exchange token called ftx (FTT) has shed 91.6% in value during the last seven days. While the FTT token’s utility is based entirely on the backing of the now-bankrupt FTX and Alameda Research, the token is still trading for $1.85 per unit. Moreover, FTT’s deployer contract surprisingly unlocked 192 million FTX tokens on Nov. 12, 2022. While a few crypto exchanges have halted FTT deposits, crypto coin aggregation sites like coingecko.com have flagged the…