According to Binance CEO Changpeng Zhao, the adoption of cryptocurrencies will come regardless of how countries choose to respond to them. In his opinion, countries would do well to regulate cryptos as opposed to fighting them. Crypto Regulation Debates Are…
Alameda Research Withdrew $204 million from FTX.US Before Bankruptcy Filing
Alameda Research withdrew $204 million from FTX US prior to its collapse, according to blockchain analytics company Arkham Intelligence. Different International Wallets Alameda, FTX exploiter ($49 million), and Amber Group ($40 million) were the top three organizations who withdrew the…
Dive Into the Exciting World of Metaverse and NFTs
Non-Fungible tokens (NFTs) and the Metaverse have gained popularity and growth this past couple of years. Early adopters were able to make millions by owning and selling some digital assets like Crypto Punks and Bored Ape Yacht Club NFTs. Some…
Kenya Seeks to Tax Crypto Owners and Recognize Cryptos As Securities In Proposed Law
Kenya is attempting to tax more than 4 million owners of digital assets through a new bill that, if passed, will put this quickly expanding sector under regulatory scrutiny for the first time ever in the East African nation’s history.…
Binance Publishes BTC Proof Of Reserves to Reassure Customers Of Funds Safety
As promised by CZ, the CEO of Binance, the exchange has made public its proof of reserves for Bitcoin. On-chain reserves totaling more than 582,000 BTC—more than 1% of the entire amount of client deposits—back consumer funds. Proof Only Covers…
Belgium Declares that Bitcoin and Ethereum Are Not Securities
Belgium’s Financial Services and Markets Authority has declared that crypto assets without issuers, like Bitcoin (BTC) and Ethereum (ETH), are not securities. In a press release on November 24, the financial regulator stated that it is unconcerned with the technology…
Billion-Dollar Binance Crypto Recovery Initiative Pulls In $50 Million From 7 More Investors
The largest cryptocurrency exchange in the world, Binance, has announced the launch of the $1 billion Industry Recovery Initiative, which will support struggling crypto businesses. With that piece of news blowing up the crypto space, 7 additional businesses are now…
Grayscale Holds 633K Bitcoins According to An Independent Research Report
Since FTX’s demise, other exchanges and digital asset managers have been under growing pressure to show that they actually have the cash they claim to. A major black swan event would be the liquidation of GBTC’s holdings or its collapse…
Sam Bankman, FTX spread rumor that Binance is a Chinese company for his benefit – CZ
Recently CZ was interviewed by Susan from Fox Business and he was asked about his ties with China and the Chinese government. CZ confirmed that “I am a Canadian citizen for 33 years and I have no ties with the…
Sam Bankman from FTX counterfeited billions in tokens via securities fraud while WSJ gives foot massage to potential criminal (Twitter)
Past couple of weeks has been a roller coaster for the crypto world. FTX which was backed by some of the most well know folks at the wall street went down overnight because of a potential fraud which is under…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
