The economic effects of the billions of dollars lost due to FTX's collapse are starting to be felt, and the digital dollar is one of them.
In an April 12 hearing in the United States Bankruptcy Court for the District of Delaware, lawyers representing FTX with Sullivan & Cromwell said that the crypto firm had recovered roughly $7.3 billion in liquid assets and that they will consider rebooting the exchange.
A crypto analyst warns that the stock market may trigger a crypto market crash. The present macro factors indicate that a huge correction is on the way, which might bring digital assets down with it.
Custodia's lawsuit claims that the bank's approval process for a master account with the Federal Reserve, which would reduce costs and risks, was delayed in an "unlawful" manner. Now, Caitlin Long's Bitcoin bank Custodia is suing the Federal Reserve.
Proof-of-stake is becoming the norm for Ethereum! The Bellatrix upgrade is required to initially turn on the transition, referred to as The Merge, on the Beacon Chain. After that, when a certain Total Difficulty value is reached, the proof-of-work chain will switch to proof-of-stake. Here's the full Ethereum proof-of-stake The Merge plan.
The collapse of FTX has put Grayscale, the world’s largest Bitcoin trust, in meltdown, with it refusing to disclose its proof of reserves to clients.
Without any explanation, crypto exchange Binance said that it would suspend U.S. dollar transfers, but the company's subsidiary, Binance US, stated in a tweet that it is unaffected by the ban.
According to a report by Nikkei, Hong Kong is set to become a crypto trading hub with the commencement of applications for licenses to operate trading platforms and exchanges.
After years of brutal crackdowns,...
Coinbase warns that your crypto could be lost if they go bankrupt. Following the announcement of the earnings, Coinbase shares tumbled 15.6 percent in after-hours trading.
Ruja Ignatova, also called the Crypto Queen, has been added to the FBI’s Most Wanted List and has become the first crypto criminal on it with a reward of up to $100,000 for information leading to her capture.
