Bitfront Crypto Exchange Shuts Down, Announces Withdrawal Deadline
The U.S. crypto exchange, Bitfront backed by the Japanese social networking company Line Corp, announced it has halted new sign-ups and credit card payments and...
Collapsed FTX Exchange to Resume Salary Payments for Some Employees
The embattled FTX.com cryptocurrency exchange and around 101 of its other related firms made the formal announcement on Monday that most of the FTX subsidiaries...
Executive Departs AAX Exchange Amidst Operational Stoppage
Ben Caselin, the AAX exchange’s vice president for global marketing and communications, announced his resignation, citing a lack of trust in the brand....
Alameda Reportedly Withdrew $204M From FTX US Days Before Exchange Collapsed
Alameda Research allegedly withdrew a wide amount of cash from FTX US, FTX crypto exchange’s US affiliate, a few days before the crypto company declared...
Binance Launches Crypto Recovery Initiative, Industry Leaders Join Force
The largest cryptocurrency exchange in the world, Binance, has unveiled the Industry Recovery Initiative, a $1 billion fund designed to assist struggling crypto businesses in...
IOSCO Seeks to Regulate Cryptocurrency Sites After FTX Crash
The new chair of global securities watchdog International Organization of Securities Commissions (IOSCO), Jean-Paul Servias said in an interview that the recent sudden collapse of...
Crypto Will Survive FTX as It Survived Mt.Gox: Chainalysis
Chainalysis, a blockchain analytics firm, made the Mt.Gox comparison showing the FTX fall was not the first time the crypto community had been jolted by...
Don’t Trust, Verify: OKX Exchange Releases First Proof of Reserves
The world’s second-largest cryptocurrency exchange by trading volume, OKX, has introduced three new industry-leading solutions that provide its retail and institutional users more transparency into...
New York Governor Signs a Bill to Ban PoW Crypto Mining
On November 22, nearly four months after the state senate passed the PoW moratorium bill, New York City Governor Kathy Hochul officially signed it into...
Genesis Crypto Lender Hires a Restructuring Adviser to Avoid Bankruptcy
The cryptocurrency lender, Genesis Global Capital has hired investment bank Moelis & Company to consider alternatives including a potential bankruptcy, according to the New York...