Binance Deploys $2 Billion To Save Crypto Industry After FTX’s Fall From Grace
Binance has committed $2 billion to the firm’s crypto rescue fund as it aims to help rebuild the industry. Binance founder and CEO Changpeng Zhao said the so-called Industry Recovery Initiative (IRI) would possibly buy up some of the ailing crypto projects acquired by the now-defunct exchange FTX.
Bitcoin Price Prediction As BTC Holds Strongly Above $16,000 – Time To Buy?
As the market celebrates Thanksgiving, <a target="_blank" href="https://cryptonews.com/news/bitcoin-news/">Bitcoin</a> trades sideways on November 25, maintaining a narrow range of $16,350 to $16,700.
FTX Stake in US Bank Raises Concerns About Banking Loopholes
The bankruptcy proceedings of cryptocurrency exchange FTX have revealed many new aspects of its unethical practices. The latest revelation around its stake in one of the smallest United States banks from rural Washington has raised fresh concerns about its operations and alleged misuse of banking loopholes.
FTX Attacker Turns to ChipMixer To Launder Tokens
The FTX attacker turned to ChipMixer to launder funds and already washed around 360 Bitcoin (BTC), according to on-chain sleuth ZachXBT.
Elon Musk Confirms Bankman-Fried Owns 0% of Twitter Dismissing Reports Claiming a $100M Stake
Tesla CEO and Twitter chief Elon Musk has clarified that Sam Bankman-Fried, former CEO of collapsed crypto exchange FTX, does not own any stake in Twitter.
South Korea Aim To Change Laws To Increase Control Over Crypto
After the collapse of Terra LUNA and the failure of FTX, officials in South Korea are proposing new changes to the Digital Assets Bill to give them more authority over crypto exchanges.
Elon Musk Says Wall Street “Giving Foot Massages To A Criminal”
Elon Musk Calls Out The Wall Street Journal For Its Latest Coverage Of SBF.
Turkey Is Investigating SBF for Fraud and Has Seized FTX Assets in the Country—Report
Turkey’s Treasury and Finance Ministry is reportedly investigating Sam Bankman-Fried (SBF) for fraud and has seized assets linked to FTX within the country.
Crypto Risk Management: Risk Metrics Are an Absolute Necessity for Any Crypto Firm
We’ve seen enough incidents over the last few months, let alone years, to conclude there is a complete lack of adequate risk management in crypto.
Plummet of BAYC: An Aftershock of FTX or an Omen of NFT Market Meltdown
This report depicts causes and effects of the plunge of BAYC in depth, follows up on consequences on well-known projects on the NFT markets and thoroughly analyzes the plummet of blue-chip NFTs.
