Jesse Powell, co-founder and former CEO of cryptocurrency exchange Kraken, has predicted that the upcoming Bitcoin halving can trigger the start of the next bull market.
Powell, who appeared in an episode of the Bankless podcast, talked about the overall state of the crypto industry following the unprecedented collapse of FTX and speculated what could propel the space out of the ongoing bear market….
Read More: Kraken Crypto Exchange Founder Jesse Powell Says This One Thing Can Trigger the Next Bull Market…
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The company said funds taken from FTX were being transferred to them….
Continue reading on https://decrypt.co/115138/ftx-asks-exchanges-help-secure-return-lost-funds
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The former NSA contractor turned whistleblower criticized the exchange for favoring compliance over its customers’ interests….
Continue reading on https://decrypt.co/115107/edward-snowden-calls-coinbase-over-compliance-toxic-and-embarrassing
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Crypto investment firm Grayscale has refused to share its proof-of-reserves citing “security concerns.” The move has stirred up speculations about the financial health of the company.
In a Saturday tweet, the company said major cryptocurrency exchange Coinbase, which is used by Grayscale as custodian, frequently performs “on-chain validation,” adding that they cannot share their proof of reserves due to security risks. …
Read More: Billion-Dollar Crypto Fund Grayscale Refuses to Post Proof-of-Reserves – Next Firm to Collapse?…
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Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad has called FTX founder Sam Bankman-Fried the ‘Bernie Madoff of Crypto’ in a recent tweet to his 2.2 million followers in response to the recent collapse of FTX exchange.
In a recent tweet, Kiyosaki opined on the collapsed crypto exchange FTX and mentioned Bankman-Fried’s donations to political parties in the US. …
Read More: Rich Dad Poor Dad Robert Kiyosaki Calls FTX Founder ‘Bernie Madoff of Crypto’, Says ‘Bitcoin is Not the Problem’…
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As the recent collapse of major exchange FTX continues to ravage the crypto markets across the world, Singapore’s state-run fund Temasek has decided to write down the $275 million investment made into the failed crypto exchange….
Read More: Singapore State Fund Temasek Writes Down $275 Million Investment in FTX – Here’s What Happened…
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Coinbase assured clients that it has no exposure to FTX. But the collapse of Sam Bankman-Fried’s exchange is still taking a toll on the entire market….
Continue reading on https://decrypt.co/115046/bank-america-downgrades-coinbase-stock
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Liquidators in the Bahamas working on the now-bankrupt crypto exchange FTX believe there was “serious fraud and mismanagement” occurring at the exchange, court documents have revealed.
“The Joint Provisional Liquidators’ findings to date indicate that serious fraud and mismanagement may have been committed” by FTX and the related group of companies, the documents said, according to multiple media reports….
Read More: ‘Serious Fraud and Mismanagement’ Occurred at FTX Says Bahamian Liquidators…
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The Luxembourg-based exchange lags many in the industry in shuttering access to the embattled tokens, which still remain actively traded by some….
Continue reading on https://decrypt.co/115020/bitstamp-follows-other-exchanges-in-canceling-orders-for-ftx-and-celsius-tokens
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Binance.US, crypto exchange Binance’s American arm, is reportedly set for a bid to acquire crypto lending firm Voyager Digital, after FTX dropped out of the picture.
Voyager announced last week, following the fall of FTX, that
“Voyager has reopened the bidding process for the company, and is in active discussions with alternative bidders.”…
Read More: Binance is Preparing to Bid for Bankrupt Lender Voyager as FTX Drops Out…
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