Perianne Boring, founder and CEO of blockchain advocacy group Chamber of Digital Commerce, placed the lack of approval of a Bitcoin exchange-traded fund in the United States squarely on Securities and Exchange Commission chair Gary Gensler, suggesting politics played more of a role than economics. Speaking to Cointelegraph at the Texas Blockchain Summit in Austin
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In an official blog post, Bitpanda announced that it has secured a crypto custody licence from the German financial authority, BaFin. Having obtained this licence, the Austrian-based crypto exchange can now legally market its services to residents of Germany. Bitpanda also claimed to be the first retail crypto exchange based out of Europe to have
According to Coinbase CEO Brian Armstrong, as of Sept. 30, 2022, the company holds 2 million bitcoin worth $39.9 billion. The news Armstrong shared comes at a time when the general public is looking directly at exchange balances following FTX’s turbulent collapse. Coinbase Co-Founder Shares Company’s Q3 Shareholder Letter — Says as of Sept. 30,
The Monetary Authority of Singapore (MAS), the country’s central bank, released a statement Nov. 21 to address “some questions and misconceptions that have arisen in the wake of the FTX.com (FTX) debacle.” The first point MAS wanted to make was that it could not protect local users from the fallout from FTX collapse “such as
While the analytics firm Nansen published a report that points to the Terra collapse igniting the flames of FTX’s and Alameda Research’s financial problems, onchain data from the intelligence and research firm Glassnode suggests FTX’s “cracks had formed as far back as May-June.” Glassnode’s report highlights a “growing pool of [onchain] data” that shows FTX’s
Ether (ETH) price experienced an 11.9% decline from Nov. 20 to Nov. 22, bottoming at $1,074 — the lowest level seen since July. Currently, investors have reason to be concerned after crypto lending company Genesis reportedly faced difficulties raising money, triggering rumors of insolvency on Nov. 21. However, a spokesperson for Genesis told Cointelegraph that
On-chain data shows Ethereum whales have added $1 billion more to their holdings recently, something that could be bullish for the crypto’s price. Ethereum Whales Now Hold 947,940 ETH More In Their Wallets As per data from the analytics firm Santiment, this jump in the whale holdings is the 5th largest in this year so
Many reactions have emerged in the crypto space due to the FTX fiasco, the latest one is from the Ripple CTO, David Schwartz. The collapse of the FTX crypto exchange dealt a terrible blow to the crypto industry. The exchange’s bankruptcy came with a decline in the value of the FTX Token (FTT). The entire
James Bromley, a partner at law firm Sullivan & Cromwell representing debtors in FTX’s bankruptcy case in the District of Delaware, has said that assets at the firm continue to be at risk from cyberattacks. In a livestream of FTX Trading’s bankruptcy proceedings on Nov. 22, Bromley said new FTX CEO John Ray III had
sponsored Huobi will endeavour to bring value to its business and provide secure and professional services to its users as it rebrands. Various technologies and resources will also be integrated into Huobi’s global public chain ecosystem, including the technology and resources offered by the HECO and TRON public chains, as well as the bridge between
On this week’s The Market Report show, Cointelegraph’s resident experts discuss what the ramifications would be if Grayscale Bitcoin Trust were to collapse. We start off this week’s show with the latest news in the markets: GBTC next BTC price black swan? — 5 things to know in Bitcoin this week Bitcoin (BTC), the largest
According to a report citing three people familiar with the matter, the former FTX CEO Sam Bankman-Fried (SBF) may be extradited to the United States for questioning. After it was alleged that SBF transferred $10 billion in customer funds to Alameda Research, the company’s financials show between $1 billion and $2 billion has gone missing.
Bitcoin (BTC) headed higher into the Nov. 22 Wall Street open after setting another two-year low. Thanksgiving buywall appears at $12,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it recrossed the $16,000 mark, having set lows of $15,480 on Bitstamp. Momentum took the pair to $16,189 before consolidating, marking gains of 3.7%
Litecoin (LTC) has emerged as one of the rare winners in the ongoing cryptocurrency market meltdown led by the FTX exchange’s collapse. LTC price outperforms BTC, ET The 2011-born altcoin rallied nearly 16% month-to-date (MTD) to reach $62.75 on Nov. 22, outperforming its top rivals, Bitcoin (BTC) and Ether (ETH), which lo approximately 25% and
Detained Tornado Cash developer Alexsey Pertsev will spend another three months in custody in the Netherlands, according to a court hearing held on Nov. 22. Cointelegraph attended a preliminary court hearing at the Palace of Justice in ’s-Hertogenbosch, which outlined the basis of the case against Pertsev after 103 days in custody. The prosecution outlined
Bankrupt crypto exchange FTX and its founder’s parents have purchased properties for almost $121 million in the Bahamas, according to a media report. Some of these were supposed to be used by the company’s senior executives, quoted documents have revealed. Bankman-Fried’s Parents Trying to Return Vacation Home to FTX FTX, the parents of its founder
The collapse of FTX has triggered a notable drop in the price of Bitcoin (BTC), but that in no case means that BTC can be destroyed by failing cryptocurrency firms, according to Bitcoin proponent Samson Mow. The cryptocurrency industry is still seeing the wave of FTX contagion playing out, and it is likely to face
CoinMarketCap, a leading market researcher and tracker in the crypto industry, announced the launch of a new feature on its platform which allows users updated financial insights on exchanges. The proof of reserves (PoR) tracker audits active cryptocurrency exchanges in the industry for transparency on liquidity at a given moment. According to the announcement, the
According to Bill Ackman, billionaire and CEO of Pershing Square Capital Management, while crypto tokens are used by unethical promoters to perpetuate fraud, they “can enable the formation of useful businesses.” A previous critic of digital assets, Ackman insists that “crypto is here to stay” and that society will benefit even more when it is
Having tested the wholesale usage of its central bank digital currency (CBDC), the Reserve Bank of India (RBI) is preparing to conduct the retail pilot of the “digital rupee.” The pilot should launch within a month. According to the Economic Times of India, the RBI is in the final stage of preparing the rollout of