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Author: admin

This author has written 26527 articles

FTX presentation shows ‘massive shortfall’ in firm’s assets

  • Post author:admin
  • Post published:March 3, 2023
  • Post category:Weekly overview

FTX and FTX US together have billions in deficits in their exchange wallets and fiat accounts, uncovered in a "huge effort" according to the exchange's CEO. Bankrupt cryptocurrency exchange FTX…

Continue ReadingFTX presentation shows ‘massive shortfall’ in firm’s assets

SEC chair implies crypto exchanges may not be ‘qualified custodians’ as new rule is drafted

  • Post author:admin
  • Post published:March 3, 2023
  • Post category:Weekly overview

Gary Gensler praises the SEC Investor Advisory Committee’s proposed rule on safeguarding advisory client assets but thinks crypto firms may not be up to snuff. United States Securities and Exchange…

Continue ReadingSEC chair implies crypto exchanges may not be ‘qualified custodians’ as new rule is drafted

UK banks HSBC, Nationwide to ban crypto purchases with credit cards: Report

  • Post author:admin
  • Post published:March 3, 2023
  • Post category:Weekly overview

The banks join a growing list of financial institutions in the country tightening restrictions on digital assets. United Kingdom banks HSBC Holdings and Nationwide Building Society are banning cryptocurrency purchases…

Continue ReadingUK banks HSBC, Nationwide to ban crypto purchases with credit cards: Report

Sen. Elizabeth Warren and colleagues demand to see Binance’s balance sheets

  • Post author:admin
  • Post published:March 3, 2023
  • Post category:Weekly overview

Three United States senators have written a letter to the CEOs of Binance and Binance.US with a long list of objections to the companies’ perceived policies and actions. Three United…

Continue ReadingSen. Elizabeth Warren and colleagues demand to see Binance’s balance sheets

Bitcoin leverage ramps up as BTC’s margin long-to-shorts ratio hits a record $2.5B high

  • Post author:admin
  • Post published:March 3, 2023
  • Post category:Weekly overview

BTC traders at Bitfinex and OKX are unwilling to use margin markets for bearish bets, creating an alarming imbalance that investors should pay close attention to. Crypto traders' urge to…

Continue ReadingBitcoin leverage ramps up as BTC’s margin long-to-shorts ratio hits a record $2.5B high

US lawmaker behind crypto mining legislation urges Zuck not to offer metaverse to teenagers

  • Post author:admin
  • Post published:March 3, 2023
  • Post category:Weekly overview

A letter from two U.S. senators cited reports of Instagram being behind many teenagers experiencing suicidal thoughts, and Meta's failure to stop harmful ads aimed at young adults. Two United…

Continue ReadingUS lawmaker behind crypto mining legislation urges Zuck not to offer metaverse to teenagers

Russian bank issues first on-chain bank guarantee in Chinese yuan

  • Post author:admin
  • Post published:March 3, 2023
  • Post category:Weekly overview

The transaction was performed through the Masterchain blockchain platform, which is the Russian national blockchain network. Moscow Credit Bank has issued a blockchain-based bank guarantee denominated in Chinese currency, claiming…

Continue ReadingRussian bank issues first on-chain bank guarantee in Chinese yuan
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