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2022-12-02 05:42:02 Tezos Co-Founder Kathleen Breitman on FTX Fallout: 'A Lot of Goodwill Is Gone Now'

Tezos co-founder Kathleen Breitman that the network doesn’t have a public face or figurehead. Now Breitman, along with the rest of the crypto industry, has to reckon with the impact of Sam Bankman-Fried’s FTX cratering and dragging other projects down with it.

Although she’s lived outside the U.S. for most of the past five years, she said it’s clear that a lot of doors in D.C. have closed. she, Arther Breitman, her husband and co-founder, nor the Tezos Foundation itself have privileged positions in the governance process that’s guided the network’s development.

Source

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2022-12-01 07:07:02 Binance, Coinbase, Kraken ordered to disclose user data in hack probe: FT

Six exchanges — including Binance, Coinbase, Luno and Kraken — will have to share user data to help trace $10.7 million in funds stolen from an unnamed UK-based exchange in 2020. Two of the six exchanges involved were not named.

The anonymous exchange — which has not shared its name to avoid “tipping off” the hackers.The amount in question was deposited into 26 accounts on the exchanges in cryptocurrencies including bitcoin, XRP, ether and tether. It’s one of the first applications of a new law in the UK to help track assets in cyber-fraud cases, even if the companies holding the information are based overseas, according to FT.

Source

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2022-11-30 10:31:02 FTX-backed DEX Serum calls itself 'defunct,' promotes community fork

Serum, a decentralized crypto exchange backed by FTX, notified its 215,000 Twitter followers the project is “defunct” after the crypto exchange giant's sudden collapse — while pointing users towards a community-led fork of the project.

The Serum program on mainnet became defunct" following FTX's implosion, Serum tweeted. "As upgrade authority is held by FTX, security is in jeopardy, leading to protocols like Jupiter and Radium moving away,” it added, referring to two DeFi projects on the Solana blockchain. It pointed that it was now replaced by a community fork called OpenBook.

Source

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2022-11-29 05:56:02 'Shrimp' and 'Crab' Bitcoin Balances Hit Record Highs Amid FTX Collapse

According to the analysts at Glassnode, this cohort now holds over 1.21 million BTC, which is equivalent to 6.3% of the world’s flagship cryptocurrency's circulating supply. have added 96,200 BTC to their collective stashes since FTX exchange's.

Another category of smaller Bitcoin holders that took an opportunity to buy this month’s dip is “crabs," a demographic holding between 1 BTC and 10 BTC. For both shrimps and crabs, November purchases also marked all-time-high increases in balances, with the latter eclipsing the July 2022 peak of 126,000 BTC.

Source

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2022-11-28 10:32:02 Number of Cardano smart contracts grows over 300% in 2022

Since the introduction of the smart contracts feature on the Cardano (ADA) network, the metric is recording increased growth helping the network inch closer to battling established platforms such as Ethereum (ETH).

As of November 26, the total number of smart contracts based on Plutus, a smart contracts platform by Cardano, stood at 3,791. The value represents a growth of 300% or 2,844 in 2022 after recording 947 smart contracts on January 1, data retrieved from Cardano Blockchain Insights shows. Cardano smart contracts follows increased network development aiming.

Source

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2022-11-27 05:09:03 Binance proof of reserves is ‘pointless without liabilities:’ Kraken CEO

According to Powell, a complete proof-of-reserve audit must include the sum of client liabilities, user-verifiable cryptographic proof that each account was included in the sum and signatures proving the custodian’s control over the wallets.

The collapse of the crypto exchange FTX revealed the importance of proof of reserves in avoiding situations involving the misappropriation of users’ funds. While exchanges have proactively started sharing wallet addresses to prove the existence of users’ funds, several entrepreneurs, including Kraken CEO and co-founder Jesse Powell, called the practice “pointless” as exchanges fail to include liabilities.

Source

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2022-11-26 05:33:02 Belgium says Bitcoin, Ethereum are not securities

Belgium’s Financial Services and Markets Authority declared that crypto assets without issuers, like Bitcoin (BTC) and Ethereum (ETH), are not securities. The financial regulator said in a Nov. 24 press statement that it does not concern itself with the technology.

According to the regulator, it focuses on whether the transferable asset has an issuer. If it does not, then it is not qualified to be called a security or investment instrument, and the Prospectus Regulation, the Prospectus Law, and the MiFID rules of conduct will not apply. The distribution of financial instruments based on crypto to retail customers in Belgium is prohibited.

Source

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2022-11-25 10:55:08 CZ Confirms: Binance US Will Bid Again for Voyager Assets

The Binance CEO also said the industry allowed FTX to get too big before it started questioning its actions. As FTX will not be able to follow through on its commitment to purchase Voyager and its assets, Binance US will return to the table, said Changpeng Zhao.

The cryptocurrency winter that started earlier this year and was significantly intensified by Terra’s collapse resulted in a lot of trouble for multiple industry companies, some of which, including Voyager, had to file for bankruptcy. The two favorites to win the bid were the two US affiliates of FTX and Binance, and the former’s American branch won it.

Source

https://t.me/Cash_Blockchain_News Open / Comment

2022-11-25 10:19:02 CZ Confirms: Binance US Will Bid Again for Voyager Assets

The Binance CEO also said the industry allowed FTX to get too big before it started questioning its actions. As FTX will not be able to follow through on its commitment to purchase Voyager and its assets, Binance US will return to the table, said Changpeng Zhao.

The cryptocurrency winter that started earlier this year and was significantly intensified by Terra’s collapse resulted in a lot of trouble for multiple industry companies, some of which, including Voyager, had to file for bankruptcy. The two favorites to win the bid were the two US affiliates of FTX and Binance, and the former’s American branch won it.

Source

https://t.me/Cash_Blockchain_News Open / Comment

2022-11-24 14:38:02 Crypto Cup Kickoff: Predict Your World Cup Winner to Share the 500,000 $USDT Prize Pool!

Bybit is giving you a golden opportunity to earn a share of our 500,000 $USDT prize pool when you correctly predict the winners of each stage of the FIFA World Cup 2022!

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