Binance aims to allocate $1 billion for crypto recovery fundBinance will allocate $1 billion to its proposed industry recover fund, while Binance.US intends to bid for bankrupt cryptocurrency lender Voyager’s assets.CointelegraphGareth Jenkinson Binance intends to allocate $1 billion for a proposed industry recovery fund, while its CEO...
Crypto has survived worse than the fall of FTX: ChainalysisA Chainalysis report concludes that the crypto industry will bounce back from the downfall of FTX, after comparing the exchange to Mt. Gox at the time when the latter collapsed.CointelegraphLuke Huigsloot Blockchain analysis firm Chainalysis has compared the fall of...
Central banks can use Bitcoin to fight off sanctions: Harvard researchResearcher Matthew Ferranti argued that there is merit for central banks to hold Bitcoin even under normal circumstances.CointelegraphEzra Reguerra A research paper published at Harvard university highlighted how central banks can use Bitcoin to hedge against financial sanctions from...
HashFlare founders arrested in ‘astounding’ $575M crypto fraud schemeHashFlare founders Sergei Potapenko and Ivan Turõgin have both been charged with conspiracy to commit wire fraud and 16 counts of wire fraud, among others.CointelegraphStephen Katte The two founders of the now-defunct Bitcoin cloud miner HashFlare have been arrested in Estonia...
Getting funds out of FTX could take years or even decades: Lawyers“Injured parties” that emerged as a result of the FTX collapse shouldn’t expect to recover their funds anytime soon.CointelegraphCiaran Lyons While investors are eager to know when they will be able to get their funds back...
Twitter closes offices, staff resign while users eye decentralized optionsTwitter has closed its offices until Monday, Nov. 21 as hundreds of staff walk out in response to Elon Musk’s emailed ultimatum.CointelegraphMartin Young Twitter employees are not the only ones ditching the platform as users flock to a decentralized...
