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” Bybit launches $100M support fund for institutional traders “ Crypto derivatives exchange Bybit has launched a new support fund to help institutional traders access liquidity in the wake of the FTX collapse — an event that triggered a fresh wave of panic selling across the digital asset space. The support fund, valued at $100…
” 5 tips for riding out a downbeat market this holiday season “ These forecasts are driven by deteriorating structural fundamentals. For example, credit card debt has surged past even 2020 levels, with interest rates charged by banks that are just slightly higher than those observed leading up to the post-2000 dot-com crash. And yet,…
” Binance says its Industry Recovery Initiative has 7 enrollees, 150 applicants “ Binance announced Nov. 24 that it is spearheading the creation of a so-called Industry Recovery Initiative (IRI) on BloombergTV. New details about the project to “to lead the charge when it comes to protecting consumers and rebuilding the industry” have been released…
” MetaMask will start collecting user IP addresses “ According to a revised privacy policy agreement published by ConsenSys on Nov. 23, MetaMask will begin collecting users’ IP addresses and Ethereum wallet addresses during on-chain transactions. However, ConsenSys, the wallet’s creator, explains that the collection of users’ data will only apply if they use MetaMask’s…
” How to talk to family members about crypto this Thanksgiving season “ This week in the United States, millions of people comprising various political and financial backgrounds are traveling to see family members for the first time in months to celebrate Thanksgiving. For crypto-minded individuals, questions about the market may come as quickly as…
” First time Bear market? Advice from Bitcoin Bull Michael Saylor “ First-time bear market? It’s also the first Bitcoin (BTC) bear market for Michael Saylor, one of the world’s biggest Bitcoin bulls. Executive chairman of one of the world’s largest pro-Bitcoin companies, Saylor took a moment out of his busy schedule at the Los…
” UK bank Starling bans crypto-related purchases and deposits citing high risk “ Starling — a digital bank based in the United Kingdom — is the latest financial institution to ban crypto-related transfers and activities for its cardholders. Starling customers will no longer be able to purchase cryptocurrencies like Bitcoin (BTC) or receive incoming transfers…
” UAE regulator revokes FTX license amid the exchange collapse “ As the FTX debacle still creates waves in the crypto industry and beyond, the Dubai Virtual Assets Regulatory Authority (VARA) has suspended the license which allows FTX to make preparations to service the local market. In an announcement posted on its official website, VARA…
” Recent FTX hacks prove it was right to ‘secure’ its assets: Bahamian regulator “ The Securities Commission of The Bahamas says the continued “hacking attempts” on FTX’s digital assets prove they made the right call to take control of the exchange’s assets on Nov. 12. In a statement on Nov. 23, the commission said…
” 10,000 BTC moves off crypto wallet linked to Mt. Gox hack “ A crypto wallet belonging to the shutdown crypto exchange BTC-e has just moved 10,000 Bitcoin (BTC), currently worth over $165 million, to various exchanges, personal wallets, and other sources on Nov. 23. A Nov. 23 Chainalysis report suggested while this withdrawal is…