The beleaguered cryptocurrency exchange, FTX, has rolled out a collaborative plan with its creditors to reimburse affected users and investors. Here are the key points:
According to TRM Labs, a group called GazaNow, which actively supports HAMAS, collects donations in cryptocurrency from all over the world.
A Chinese court has ruled that lending in cryptocurrency falls outside the purview of the state's legal safeguards, and defrauded users are not entitled to seek compensation through the judicial system.
Paxful's co-founder, Ray Youssef, has sounded the alarm about Israeli authorities exerting pressure on cryptocurrency platforms to freeze accounts linked to Arab nations.
Bitstamp, one of the longest-running cryptocurrency exchanges, is in discussions with three major European banks to assist them in providing crypto services, with plans to roll out these services in the first quarter of 2024.
The Canadian Securities Administrators (CSA) have released preliminary rules for cryptocurrency platforms that allow the use of stablecoins under certain conditions.
According to the Federal Reserve's investigation, Silvergate Bank faced significant challenges due to its exposure to high-risk cryptocurrency deposits and ineffective upper-level management. A significant portion of the bank's deposits were sourced from crypto companies, which lacked traditional insurance and failed to generate substantial interest income.
The billionaire has once again faced criticism from the cryptocurrency community due to the suspension of the X-account of an active Ripple supporter.
Over the past seven months, Binance's market share in the cryptocurrency spot market has dwindled from 55.2% to 34.3%, and in the derivatives market, it has dropped to 51.5%.
