More than 100 bitcoins tied to the defunct Canadian crypto exchange QuadrigaCX were transferred out of cold wallets thought to be beyond anyone’s control over the weekend. Source
Jo Johnson, the brother of former United Kingdom prime minister Boris Johnson, has reportedly stepped down from his role as an adviser to Binance, according to a report by the U.K.’s Telegraph. According to the report, Jo Johnson had been advising Binance during the exchange’s efforts to expand into the United Kingdom. The former British prime minister’s brother, also known as Lord Johnson of Marylebone, reportedly took up a role on the U.K. advisory board of one of Binance’s subsidiaries, Bitfinity, in September. The Telegraph reports that he resigned last week…
Cryptocurrency exchange Gate.io’s subsidiary Gate US has announced that it will launch its services in the United States, barring New York, Hawaii, and Puerto Rico states. However, it has not given any timeline as to when its services will be available in the US. Gate US has received licenses to operate in several US states, the company said in a press release. “Gate US is committed to regulatory compliance. In alignment with such commitments, Gate US has proactively registered as a money services business with FinCEN and obtained some money…
It was previously reported that Hoeptner left the company in October 2022. Source
“If the exchange is not using its collateral to borrow money, it doesn’t really matter what the clean reserves are. If every customer’s crypto is fully held 1:1 in proper wallets, it doesn’t really matter,” he told CoinDesk via Telegram. “What is more important, is knowing the exchange’s liabilities amount. Knowing the reserves is one part of the equation, but more importantly, what are the liabilities.” Source
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has defended his support of the collapsed crypto exchange FTX and its former CEO Sam Bankman-Fried (SBF). “This is America. The justice system provides the presumption of innocence unless proven otherwise,” he stressed. O’Leary also denied the accusation by Binance CEO Changpeng Zhao (CZ) that he perjured himself in a U.S. Senate hearing over why FTX failed. Kevin O’Leary on FTX’s Collapse Shark Tank star Kevin O’Leary defended his position as a spokesperson for the collapsed crypto exchange FTX in an interview…
Hedge fund manager Michael Burry, who is known for being one of the first investors to foresee and profit from the collapse of the housing market in 2007, says the recent audit on Binance’s proof of reserves carries zero weight. Following the high-profile implosion of FTX, centralized crypto exchanges have been scrambling to provide proof-of-reserves reports, which aim to confirm that a platform’s reserves match its clients’ assets. The Big Short investor tells his 1.2 million Twitter followers that crypto is a relatively new asset class and that auditors are…
Dutch crypto exchange Bitvavo says that Digital Currency Group (DCG) is withholding hundreds of millions of dollars from it due to liquidity issues. In a recent company statement, Bitvavo says that DCG, which provides off-chain staking services to Bitvavo, is suspending repayments until the liquidity crisis it’s facing is resolved. Bitvavo says that DCG’s issues should have no impact on its platform. “DCG is currently experiencing liquidity problems due to the current turbulence in the crypto market. As a result, DCG has suspended repayments until this liquidity issue has been…
Place/Date: – December 17th, 2022 at 7:41 am UTC · 4 min read Source: Orbeon Protocol Following the crash of the cryptocurrency exchange platform FTX, exchange tokens like BNB and Huobi Token (HT) saw a significant drop in value. However, as investors look for new opportunities in the market, they have seen increased trading volume as many seek to take advantage of the resilient tokens. Orbeon Protocol (ORBN) is gaining attention as the next big investment platform. ORBN is well-positioned to succeed, and analysts are predicting a rise of over…
press release PRESS RELEASE. INTERNET CITY, DUBAI, Dec 16, 2022 – LBank Exchange, a global digital asset trading platform, has recently launched ApeCoin (APE) staking in its “Earn” – “Flexible” section, users will be able to earn APE token with an annual return of 175% (floating adjustment), and withdraw anytime without locking. APE Staking Is the New Trend Recently, ApeCoin DAO (ApeDAO) has established an official staking protocol for ApeCoin (APE), which was created as a way for APE, BAYC, MAYC, and BAKC holders to earn rewards through staking. APE…