Tag: Report

Amber Group acquires cryptocurrency platform Sparrow exchange: report

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Cryptocurrency trading firm Amber Group, which had roughly 10% of its trading capital stuck on FTX at the time of the exchange’s collapse, has reportedly acquired cryptocurrency platform, Sparrow Holdings according to an announcement on Dec. 14. The Singaporean crypto platform Sparrow Holdings, which offers digital assets products and solutions, acquired its payments license from the Monetary Authority of Singapore in August, to provide Digital Payment Token (DPT) services in Singapore, under the Payment Services Act (PSA). Founded in 2018, Sparrow works with financial institutions and family offices in designing…

Coinbase Introduces Recovery Tool for Lost ERC-20 Tokens: Report

Users of Coinbase can trade about 9,000 different cryptocurrencies, far more than rivals Kraken and Binance, but while transfers of ERC-20 tokens aren’t significant, they are popular among developers who want to create their own tokens on the Ethereum blockchain and other users who believe in the networks behind those tokens. Original Source CoinbaseERC20IntroducesLostRecoveryReportTokensTool CryptoX Portal

New OECD report takes lessons from crypto winter, faults ‘financial engineering’

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The Organisation for Economic Cooperation and Development (OECD) analyzed the crypto winter in a new policy paper titled “Lessons from the crypto winter: DeFi versus CeFi,” released Dec. 14. The authors examined the impact of the crypto winter on retail investors and the role of “financial engineering” in the industry’s current problems and found a lot not to like. The paper from the OECD, an intergovernmental body with 38 member states dedicated to economic progress and world trade, concentrated on events in the first three quarters of 2022. It placed…

SBF to Remain in a Bahamian Jail for 2 Months, Report Claims FTX Execs Had a Covert Chat Channel Called ‘Wirefraud’ – Bitcoin News

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On Tuesday, the former CEO of FTX, Sam Bankman-Fried (SBF), appeared in court with his newly appointed lawyer Mark Cohen, and his legal team asked the Bahamian judge Joyann Ferguson-Pratt to release SBF on bail with an ankle bracelet. Amid the lengthy court hearing reports detail that SBF’s parents Joseph Bankman and Barbara Fried attended the proceedings. Toward the end of the hearing, judge Ferguson-Pratt denied SBF’s request to be released on bail and remanded Bankman-Fried to the Bahamian jail until Feb. 8, 2023. Bankman-Fried’s Media Tour Comes to an…

Binance net withdrawals topped $3.6B over the last 7 days: Report

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Binance appears to be suffering from a decline in liquidity. A report from crypto analytics firm Nansen, indicates that Binance had net withdrawals of more than $3.6 billion from Dec. 7 to Dec. 13. Binance gross outflows have been approximately $8.8 billion, while gross inflows have been around $5.1 billion. Binance Netflow 7D ($) -3,660,311,347 8,783,380,428 – Outflow5,123,069,081 – Inflow Exchange Flows dashboard ⤵️https://t.co/CYrBQLryQ0 pic.twitter.com/vV6vcqoWKK — Nansen (@nansen_ai) December 13, 2022 In addition, while Binance saw more than $2 billion in daily net inflows of Ethereum ERC-20 tokens back in…

Binance Refutes Report That DoJ Considers Suing the Crypto Exchange

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According to a report, the US Department of Justice is considering filing charges against Binance and several of its officials as part of a lengthy investigation. Binance has denied this news. In a tweet posted on Monday, the official Binance Twitter account made reference to the “wrong” Reuters report and pointed readers to the whole statement it provided to the news outlet on the subject. Changpeng “CZ” Zhao, the CEO of the company, later tweeted this. Reuters has it wrong again. Now they’re attacking our incredible law enforcement team. A…

Economists Expect Lower Consumer Inflation in November Ahead of CPI Report

The incoming CPI report is less likely to affect the Federal reserve’s meeting, but it may indicate a longer-term trajectory for interest rates. Prices of goods and services continue to surge even though economists expected that consumer inflation probably dropped in November. Fingers are crossed as hopes are high that November consumer inflation could show cooling signs when the consumer price index is released. The report is expected to be out by 8:30 a.m. ET on Tuesday, with the Federal Reserve kick-starting the two-day meeting. Economists’ Expectation on November Consumer…