Solana Foundation reveals minimal exposure to FTX
Solana (SOL) Foundation revealed that it held roughly $1 million worth of cash or its equivalent -less than 1% of its assets- on bankrupt crypto exchange FTX as of Nov. 6, according to a Nov. 14 blog post.
Privacy-Enhancing Crypto Coins Could Be Banned Under Leaked EU Plans
The European Union could ban banks and crypto providers from dealing in privacy-enhancing coins such as zcash, monero and dash under a leaked draft of a money laundering bill obtained by CoinDesk.
Crypto Twitter unhappy with SBF 'puff piece' pushed by mainstream media
When the world realized the fraud Sam Bankman-Fried (SBF) committed to building his FTX empire, fellow entrepreneurs, investors and long-time believers unanimously acknowledged the damage caused to the credibility of the crypto ecosystem. On the other hand, mainstream media — that predominantly attacked crypto via negative speculations — has seemingly taken sides with SBF while paying no heed to the losses exceeding billions of dollars incurred by the general public.
Binance Labs Supports Web3 Gaming, Invests in Ultimate Champions
Binance Labs, the accelerator and venture capital arm of the cryptocurrency exchange, Binance, announced on Tuesday that it has made a $4 million investment in the Web3 sports game platform dubbed Ultimate Champions.
FCA Has No Good News for FTX Customers
The Financial Conduct Authority (<a href="https://www.financemagnates.com/tag/fca/" target="_blank">FCA</a>), the UK's financial markets regulator, recently presented a short notice for concerned FTX customers from Great Britain. The institution merely reminds us that it does not regulate the cryptocurrency market and investors are most likely left to face this problem on their own.
Biswap x IguVerse, a collaboration to look out for
Biswap and IguVerse could soon head into what one can only call <i>the mighty integration</i> in the Web3 gaming industry. There will be numerous advantages and opportunities for users as a result of the collaboration. One of these is the BNB Chain’s ability to execute transactions quickly and securely at the lowest feasible fees of 0.2%.
Just-In: OKX Follows Binance To Announce Crypto Market Recovery Fund
Crypto exchange OKX on Monday announced $100 million in recovery funds to support projects with liquidity issues and to migrate from Solana. Binance CEO “CZ” earlier announced a similar industry recovery fund as the crypto market continued to drag lower amid the FTX crisis.
Citadel CEO on FTX debacle: 'The turf war by American regulators has got to end'
Citadel's billionaire founder and CEO Ken Griffin has weighed in on FTX's speculator collapse, calling on American regulators to cooperate with each other to better supervise the crypto industry.
Over 1 Million Creditors Could Have Claims in FTX Bankruptcy
More than a million creditors could have claims against bankrupt exchange FTX, new court filings reveal.
FTX Doom Draws Dozens of Federal, State, International Agencies
Regulatory agencies around the world are in contact with FTX lawyers, who have said there could be anywhere from 100,000 to more than one million users affected by the exchange’s shock bankruptcy.
