Finance
The new management of the FTX exchange has managed to recover $7bn in liquid assets, according to a bankruptcy report. In total FTX Group owed its customers $8.7bn, with $6.4bn in fiat and crypto assets.
Finance
The Securities and Exchange Commission (SEC) has approved the first leveraged cryptocurrency ETF in the US, the 2x Bitcoin Strategy ETF (BITX) by Volatility Shares. The ETF will align with the CME Bitcoin Futures Daily Roll Index.
Finance
Cryptocurrency exchange Binance Brazil is facing an audit by Brazilian regulators. Alfredo Gaspar, a congressional representative and member of a parliamentary commission to investigate pyramid schemes, demands that Guilherme Haddad, head of Binance Brazil, be invited to testify before the Brazilian parliament. In his statement, the congressman wrote that Binance
Finance
Crypto-exchange Binance has shared new details of Lightning Network integration. They have launched several new nodes and are actively working on connecting the protocol for deposits and withdrawals.
Finance
The Financial Times has published an investigation into the Crypto com exchange. They accuse the platform of manipulating markets through its own platform and fake market makers. According to the media, Crypto com has used its staff to trade tokens and make profits. Their trading and market-making teams also acted
Finance
As of June 15, Binance US market share in the United States dropped to 2.7%. Transaction volume continues to fall for the fourth month in a row. The platform's share has fallen to December 2020 levels
Finance
Ex-CEO of MicroStrategy Michael Saylor believes that possible enforcement actions against the crypto-asset market could strengthen bitcoin's position. He argued that only BTC is a commodity in the eyes of the SEC. At the same time, the regulator "has no love" for other tokens and derivatives.
Finance
The Solana community discussed the possibility of conducting a fork to eliminate any potential legal problems from the SEC. Several influential members of the community supported the idea, including "HGEABC," the founder of Abracadabra.
IT
Ethereum co-founder Vitalik Buterin and Polygon co-founder Sandeep Nailwal will jointly support COVID-19 research. They donated $100 million to India's Crypto Relief crypto fund. The funds will be used specifically to fund the medical infrastructure that is studying and developing methods to combat the coronavirus pandemic in India.
Finance
The U.S. government has rejected Bittrex's proposal to repay customers. Authorities have decided that a bankruptcy plan approval hearing should be held first. The next hearing on the matter will take place on June 14.
Finance
SEC Chairman Gary Gensler could well become Binance's legal advisor in 2019, according to information provided by lawyers. They claim that Gary Gensler has offered his services several times in conversations with both the exchange's top management and Zhao, whom he then saw in person.
Finance
During an appearance live on CNBC, SEC Chairman Gary Gensler made a blunt statement regarding cryptocurrencies. "We don't need more digital currency. We already have a digital currency. It's called the U.S. dollar. It's called the euro. It's called the