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” US senators urge Fidelity to reconsider its Bitcoin offerings after FTX blow-up “ United States senators Elizabeth Warren, Tina Smith, and Richard Durbin have renewed their calls for Fidelity Investments to reconsider offering a Bitcoin (BTC)-linked 401(k) retirement product. In a letter addressed to Fidelity Investments CEO Abigail Johnson on Nov. 21, the three…
” Uniswap’s new privacy policy sees backlash from decentralization buffs “ Decentralized exchange (DEX) Uniswap’s recently updated privacy policy appears to have attracted the ire of some members of the community, with concerns that collecting and storing user data works against crypto’s core values. In recent responses to a November blog post regarding its updated privacy…
” HashFlare founders arrested in ‘astounding’ $575M crypto fraud scheme “ The two founders of the now-defunct Bitcoin cloud miner HashFlare have been arrested in Estonia over their alleged involvement in a $575 million crypto fraud conspiracy. HashFlare was a cloud mining company created in 2015, which purported to allow customers to lease the company’s…
” FTX crisis leads to record inflows into short-investment products “ Institutional investors have responded to the negative sentiment caused by FTX’s collapse, with record institutional inflows into crypto-focused short-investment products. According to CoinShares’ chief strategy officer James Butterfill, 75% of the total inflows by institutional crypto investors for the week ending Nov. 18 were…
” Genesis denies ‘imminent’ plans to file for bankruptcy “ Cryptocurrency lending company Genesis has refuted speculation that it is planning an “imminent” bankruptcy filing should it fail to cover a $1 billion shortfall caused by the fall of crypto exchange FTX. The firm has reportedly faced difficulties raising money for its lending unit and…
” High sentiment in FTX’s shadow: event recap for Texas Blockchain Summit “ Apparently, not everything is bigger in Texas. At least not in the days following a major crypto exchange declaring bankruptcy. The collapse of FTX and the ripples former CEO Sam Bankman-Fried made in the crypto space were on many people’s lips at…
” FTX Japan plans to resume withdrawals by 2023: Report “ Crypto exchange FTX’s subsidiary in Japan, FTX Japan, reportedly plans to resume withdrawals by the end of 2022. According to a Nov. 21 report from Japan-based news outlet NHK, FTX Japan has been making preparations to resume withdrawals. Japan’s Financial Services Agency, or FSA,…
” Celsius bankruptcy victims get proof-of-claim deadline from US court “ The ongoing case of the Celsius bankruptcy continues as the United States Bankruptcy Court in the southern district of New York State approved a new filing deadline. According to an official document, a deadline has been set for those filing any claims against the…
” FTX-owned Liquid exchange pauses all trading after withdrawal halt “ Liquid has suspended all trading operations on its platform in line with instructions from FTX Trading, the firm announced on Twitter on Nov. 20. The statement indicates that Liquid exchange paused “all forms of trading” because of the operation of the Chapter 11 process…
” Disney brings back Bob Iger as CEO: Here’s the crypto connection “ Metaverse-backer Bob Iger has announced a surprise return to his former role as CEO of Disney, taking over from now-former CEO Bob Chapek. While Iger is most well known for serving 15 years as the CEO of the global entertainment conglomerate, the…