FBI Mulling SBF Extradition As Bahamas Arm Of Exchange Files For Bankruptcy
The FBI is in talks with Bahamian authorities to extradite the 30-year-old crypto founder.
DeFi protocol Oxygen held 95% of supply on FTX
Solana-based decentralized prime brokerage platform Oxygen Protocol revealed on Nov. 15 that 95% of its MAPS and OXY tokens supply were held on bankrupt crypto exchange FTX.
Korbit is first South Korean exchange to disclose full crypto reserves, post-FTX debacle
Korbit, one of South Korea’s five fully licensed cryptocurrency exchanges, announced Wednesday that it will reveal its full list of crypto reserves on its website, becoming the first local crypto company to do so.
Coinbase: FTX’s Collapse Will Likely Lead to an Extended Crypto Winter
The collapse of crypto exchange FTX derailed an emerging positive situation in cryptocurrency markets after the significant deleveraging of May and June left few, if any large, marginal sellers in the digital assets space, Coinbase (COIN) said in a research report Tuesday.
FTX’s Bahamas Arm Files for Bankruptcy Protection in US
FTX Digital Markets, the Bahamas arm of the now defunct crypto exchange, has filed for Chapter 15 bankruptcy proceedings in the Southern District of New York.
Binance Shares Six Commitments and Principles for Centralized Exchanges
The first of the Binance big six was being risk averse with user funds. This was the big mistake that FTX made, using user funds as collateral elsewhere.
Sony files patent for tracking in-game digital assets
Sony has formally filed for patent rights to keep tabs on in-game digital assets utilizing blockchain technology, more precisely, NFTs. This patent will provide all associated players with the ability to acquire a wide range of unique in-game assets and other paraphernalia belonging to a large number of esports stars and sporting icons. Sony is confident that all sports lovers would be overjoyed to have this option available to them.
The Toon Finance pre-sale attracts a lot of KuCoin Users
Users of the KuCoin exchange are excited about the impending Toon Finance pre-sale. The pre-sale has already attracted a sizable following. With the help of Toon Finance, users will have access to a place where they may think of investing in digital assets and receive incentives. This innovative idea has the potential to change the internet investing industry completely. Read our blog post if you’re interested in knowing more about it.
U.S. Banks Launch a Digital Dollar Blockchain Pilot
While the crypto market is shaken to its core by the failure of FTX, traditional financial institutions are taking a step into the world of digital currency.
US Lawmaker Urges SEC To ‘Take Decisive Action’ To Regulate Crypto Industry
The White House and several U.S. senators have called for proper crypto oversight. Senator Elizabeth Warren (D-MA) said crypto needs “more aggressive enforcement.”
