Cryptocurrencies
Mercedes F1 Team Terminates FTX Partnership
Mercedes formula one (F1) team suspended its sponsorship deal with troubled crypto exchange FTX.
FTX Enters Bankruptcy as Sam Bankman-Fried Steps Down as CEO
Troubled crypto exchange FTX filed for Chapter 11 bankruptcy protection in the U.S., with Sam Bankman-Fried resigning as the CEO.
It is High Time to Rethink Holding Strategies as FTX Crisis Roams, Says Blockchain.com CEO
Speaking on CNBC’s “Closing Bell” Thursday, Blockchain.com CEO Peter Smith deemed the collapse of crypto exchange FTX as “a tragedy and total failure of governance.”
Bitcoin Gains Momentum Based on Positive CPI Numbers
After slipping to lows of $15.5K amid FTX’s liquidity crunch, Bitcoin gained momentum based on positive consumer price index (CPI) numbers released by the U.S. Bureau of Labor Statistics.
Proof-of-Reserves Becomes a Burning Issue amid FTX Crisis
With the liquidity issue being a primary contributor to the FTX crisis, the proof-of-reserves concept has engulfed the crypto sector with more exchanges gearing towards showing more transparency.
Billions of Dollars Exit Exchanges as Investors Scuttle Towards Safety
Investors are withdrawing their funds from exchanges amid the FTX implosion
Bahrain-Based Crypto Platform to Enable Real Estate Acquisition Using Crypto
CoinMena, a Bahrain-based crypto asset service provider, has teamed up with Carlton Real Estate, to facilitate real estate purchases using cryptocurrencies.
Mastercard CEO Says Crypto Has a Long Way to go Before Going Mainstream
Mastercard CEO Michael Miebach says crypto has some hurdles to cross before going mainstream
Binance Has Enabled Iranians Transact $8 Billion Despite Sanctions
Since 2018, crypto exchange Binance has carried out Iranian transactions worth $8 billion despite being slapped with U.S. sanctions
Hong Kong, Singapore Sees Diverging Approaches to Retail Crypto Trading
Hong Kong is planning to shift to a friendlier approach towards cryptocurrencies starting next year, according to a Bloomberg report, while neighbouring Singapore is planning to impose fresh restrictions on consumers.