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” Philippine SEC warns against unlicensed crypto exchanges amid FTX collapse “ After the height of the FTX collapse, the Philippine government warned investors within the country about using unlicensed crypto exchanges. The Securities and Exchanges Commission (SEC) in the Philippines issued an advisory to the public against using unregistered cryptocurrency exchanges that are operating…
” Near Project’s Octopus Network lays off 40% of its staff amid crypto winter “ Octopus Network, a decentralized app chain network natively built on NEAR Protocol, has announced that it will be “refactoring” to adapt to current market conditions. As part of its refactoring process, Octopus network will let go of roughly 40% of…
” Price analysis 12/26: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT “ The cryptocurrency markets are trading at record low volatility as investors have largely stayed away during the holiday season. That could be because investors are unsure about the cryptocurrencies that could lead the next bull run. Cumberland senior research analyst…
” Bitcoin exchange withdrawals sink to 7-month low as users forget FTX “ Bitcoin (BTC) exchange users have forgotten all about the FTX scandal this Christmas, data shows. According to on-chain analytics firm Glassnode, exchange outflows have now hit their lowest levels in over six months. Still not your keys, still not your coins? As…
” CZ addresses reasons behind Binance’s recent FUD “ Binance CEO Changpeng “CZ” Zhao took to Twitter on Dec. 23 to share his perspective on the reasons behind the recent fear, uncertainty, and doubt (FUD) surrounding the crypto exchange. According to CZ in the thread, Binance’s FUD is primarily caused by external factors – not…
” U.S. delays crypto tax reporting rules, as it still can’t define what a ‘broker’ is “ A key set of crypto tax reporting rules is being delayed until further notice under a decision made by the United States Treasury Department. The rules were supposed to be effective in the 2023 tax filing year, in…
” 2 executives of crypto exchange AAX arrested in Hong Kong: Report “ Hong Kong police arrested two executives of the crypto exchange AAX accused of fraud and misleading the police, according to local media reports. Weigao Capital CEO Liang Haoming and former AAX CEO Thor Chan were arrested on Dec. 23. Local authorities accused…
” Price analysis 12/23: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI “ Bitcoin (BTC) is on track to end the year with a loss of about 65%. This would mark the third negative year for Bitcoin, with the other two being 2014 and 2018. In comparison, the S&P 500 has fared much better, but…
” Crypto exchange OKX releases second proof of reserves “ Crypto exchange OKX has released its second proof of reserves (PoR) on its website, only a month after releasing its first one. Haider Rafique, chief marketing officer at OKX, said on Twitter that the crypto exchange is committed to sharing its reserves status every month….
” Be ‘very wary’ of crypto proof-of-reserve audits: SEC official “ A senior official from the United States Securities and Exchange Commission has warned investors to be “very wary” about relying on a crypto company’s “proof-of-reserves.” “We’re warning investors to be very wary of some of the claims that are being made by crypto companies,”…