US Senators Urge Fidelity To Drop BTC Retirement Plan After FTX Collapse
U.S. Senators Elizabeth Warren, Dick Durbin and Tina Smith have asked Fidelity Investments, one of the country’s largest financial services providers, to rethink its decision to grant retirement plan participants exposure to Bitcoin in the aftermath of the FTX implosion, in a letter released on Monday.
Thai Crypto Exchange Eyes Hong Kong Expansion Over NYC Post-FTX Saga: Report
Bitkub, one of the largest crypto exchanges in Thailand, is aiming to list in Hong Kong as early as 2024 when it goes public, said chief executive officer (CEO) Jirayut Srupsrisopa in an interview with the South China Morning Post (SCMP).
Sam Bankman-Fried's Crumbling FTX Empire Holds $1.2B Cash Reserves
The various divisions of Sam Bankman-Fried's crumbling set of companies have $1.2 billion in cash as of Nov. 20, far below the $3.1 billion it owes its top 50 creditors, court documents show.
HashFlare Founders Arrested in ‘Astounding’ $575M Crypto Fraud Scheme
The HashFlare founders have been charged for their alleged involvement in a crypto fraud and money laundering conspiracy.
Billionaire Hedge Fund Manager Says “Crypto Is Here To Stay”
Bill Ackman, a hedge fund manager, says he is unfazed by the recent collapse of the FTX cryptocurrency exchange and the subsequent market turbulence.
Kenya Debates New Crypto Tax Bill
Lawmakers in Kenya are debating the Capital Markets (Amendment) Bill 2022 which seeks to introduce crypto taxation to crypto exchanges, digital wallets and individual transactions. Local publication Business Daily reports that a bill sponsored by MP Abraham Kirwa is seeking to introduce a 20% excise tax on every cryptocurrency transaction executed in the country.
Coinbase Shares Hit All-time Low Monday as Centralized Exchanges Deal with FTX Fallout
Shares of crypto exchange Coinbase hit an all-time low Monday, as fallout from FTX's demise has continued to rattle the industry.
Kenya Proposes Bill to Tax Crypto
Lawmakers in Kenya are currently deciding whether or not to move ahead on a law that would allow for taxing crypto, <a href="https://www.businessdailyafrica.com/bd/economy/bill-sets-up-kra-tax-dragnet-4m-cryptocurrency-users-4026868" target="_blank">Business Daily reported</a> on Monday.
Ethereum Price Dips as 400,000 ETH Moved from Crypto Exchanges
Ethereum has seen a decline over the past 24 hours. Being hit with new selling pressure, the world’s second-largest crypto asset has plummeted by over 8%. Despite its recent pressure, the whales have become more intense on ETH.
