# American regulators to investigate Genesis and other crypto firms

# American regulators to investigate Genesis and other crypto firms

” American regulators to investigate Genesis and other crypto firms “ Cryptocurrency lending firm Genesis Global Capital and other crypto firms are under investigation by securities regulators in the United States, according to reports on Nov. 25.  Joseph Borg, Alabama Securities Commission Director, confirmed that its state and several other states are participating in inquiries…

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#Binance CEO Changpeng Zhao to create B crypto rescue fund

#Binance CEO Changpeng Zhao to create $1B crypto rescue fund

“Binance CEO Changpeng Zhao to create $1B crypto rescue fund” The billionaire CEO of cryptocurrency exchange Binance says he is allocating $1 billion toward buying up distressed assets in hopes of keeping the battered industry afloat in the wake of the disastrous collapse of rival FTX. Changpeng Zhao, who is known industrywide as “CZ,” told…

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# Binance publishes official Merkle Tree-based proof of reserves

# Binance publishes official Merkle Tree-based proof of reserves

” Binance publishes official Merkle Tree-based proof of reserves “ Two weeks after Binance initially pledged to develop a proof-of-reserve (PoR) mechanism in response to the FTX liquidity and bankruptcy fiasco, it published its official response. In an announcement on the Binance website, the exchange outlined how users can use the mechanism to verify its holdings. Currently,…

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# How does the FTX collapse affect Dubai’s crypto ecosystem?

# How does the FTX collapse affect Dubai’s crypto ecosystem?

” How does the FTX collapse affect Dubai’s crypto ecosystem? “ With the FTX contagion affecting various sectors of the global crypto ecosystem, Dubai-based industry leaders commented on how the debacle will affect the budding crypto hub within the United Arab Emirates (UAE).  From stricter regulations to better projects leading the way, various professionals gave…

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# Independent research verifies GBTC’s 633K Bitcoin: So why won’t Grayscale?

# Independent research verifies GBTC’s 633K Bitcoin: So why won’t Grayscale?

” Independent research verifies GBTC’s 633K Bitcoin: So why won’t Grayscale? “ With digital asset management firm Grayscale refusing to provide proof of reserves for its Grayscale Bitcoin Trust (GBTC), an independent analyst has spent days combing through the blockchain to independently verify its holdings. The OXT Research analyst, Ergo, used on-chain forensics to confirm…

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