FTX stake in U.S bank raises concerns about banking loopholes
The bankruptcy proceedings of cryptocurrency exchange FTX have revealed many new aspects of its unethical practices. Many additional facets of FTX’s unethical conduct have come to light as a result of its bankruptcy proceedings. Fresh questions about its operations and alleged abuse of banking loopholes have been raised by the most recent revelation regarding its […]
Authorities In Turkey Freezes FTX Assets
Turkey’s Financial Crimes Investigation Board has seized assets belonging to SBF after launching an investigation into FTX’s affairs in the country. Following the failure of his primary business, the nation’s Financial Crimes Investigation Board, locally known as MASAK, seized assets belonging to former FTX CEO Sam Bankman-Fried. Following the bankruptcy of Bankman-primary Fried’s business, the […]
ConsenSys addresses IP collection issue on MetaMask
ConsenSys, Metamask’s parent company has addressed the issue of IP collection on the platform, stating that users’ data will not be monetized and nothing has changed in the way MetaMask and Infura operate. ConsenSys, the parent company of MetaMask, issued a statement to reaffirm the purposes of its data collecting after community outrage following an […]
Binance adds additional $1B in BUSD to Industry Recovery fund
After previously adding $1B in BUSD to the fund and following complaints, Changpeng “CZ” Zhao, CEO of Binance, has added yet another $1B in BUSD to the crypto Industry Recovery fund. On November 25, the CEO of Binance, “CZ,” tweeted that Binance has committed another $1 billion to the effort to revive the sector. The […]
Uzbekistan issues country’s first crypto licenses
Uzbekistan officials have begun giving crypto licenses to local crypto service providers as the country makes move to implement a new cryptocurrency trading services framework in 2023. According to a declaration made public on November 17, Uzbekistan’s main cryptocurrency market regulator, the National Agency for Perspective Projects (NAPP), has granted the country’s first cryptocurrency licenses. […]