FTX plans full pay back all creditors ‘plus billions in compensation’

On July 26, the U.S. Securities and Exchange Commission (SEC) scrapped the application for a Bitcoin exchange-traded fund (ETF) run by brothers Tyler and Cameron Winklevoss. While the market took the news negatively and the price of BTC crumbled — though it jumped back to the green within 24 hours — the ETF case is…

A Deribit report underscores Ethereum’s resilience at $2,860, pointing toward potential highs driven by recent ETF approvals.

Binance released a new AI-driven tool it named the “Binance Sensei” that uses machine learning to generate answers from its education platform to help users learn about Web3. 481 Total views 2 Total shares Own this piece of history Collect this article as an NFTThe artificial intelligence (AI) chatbot ChatGPT took the world by storm…

The Office of the Comptroller of the Currency, a division of the United States Treasury that supervises banking in the country, on July 22, issued an interpretive letter clarifying that nationally chartered banks are allowed to provide cryptocurrency custody services to their customers extended to storing cryptographic keys associated with the currencies. In its letter, the…

The National Unity Government is considering using the country’s frozen reserves as a backing for the digital currency. 550 Total views 29 Total shares Half a year after the military junta in Myanmar revealed its plans to launch a digital currency, the country’s government, ousted in a coup in 2021, voiced its own intention to…

“Stablecoins can certainly be a useful, efficient consumer-serving part of the financial system if they’re properly regulated,” said Jerome Powell. 2958 Total views 38 Total shares United States Federal Reserve chair Jerome Powell hinted that though the government agency should consider monitoring developments in the crypto space, he didn’t see cryptocurrencies as a financial stability…

South Korean cryptocurrency exchange Bithumb had a net loss of 205 billion won ($180 million) in 2018 due to the Bitcoin (BTC) bear market, local English-language daily news outlet Korea Times reported on April 11.Citing data from the exchange’s operator, BTCKorea.com, the publication revealed Bithumb, South Korea’s largest exchange, endured the extensive losses despite sales…

Binance CEO previously said that crypto exchanges must comply with sanctions in a similar way to traditional financial institutions. 623 Total views 24 Total shares Binance, the world’s largest cryptocurrency exchange by volume, is adopting major restrictions on users in Russia following the European Union’s fifth package of sanctions against Russia.Binance officially announced Thursday new…