FTX Reportedly Used Random Number to Generate Insurance Fund Volume
The insurance fund balance at FTX was reportedly determined by an arbitrary formula that took into account a specific number and daily trading volume.
Bank of France: CBDCs Will Be Game Changers in Global Financial System
According to Denis Beau, the deputy head of the French Central Bank, CBDCs will likely play a major role in the financial system, especially for cross-border capital movements.
US Accuses Chinese Companies of Using Crypto to Sell Drugs
The US Department of Justice has initiated criminal investigations against eight Chinese companies and fourteen employees engaged in drug trafficking using digital currencies.
Former BlackRock Exec: SEC Will Approve All Spot Bitcoin ETFs at Same Time
According to Martin Bednall, former managing director at BlackRock and current CEO of Jacobi Asset Management, the Securities and Exchange Commission will likely approve all spot bitcoin exchange-traded fund applications at the same time.
El Salvador Launches Own Bitcoin Mining Pool
A new Bitcoin mining venture called Volcano Energy has been launched by the government of El Salvador in partnership with Luxor Technology.
Hong Kong Establishes a Crypto Task Force
A team focused on dealing with unlawful transactions in the crypto market has been formed by the Hong Kong Police Force (HKPF) and the Securities and Futures Commission (SFC).
JPEX Unveils Plan to Become a DAO
Struggling cryptocurrency exchange JPEX has pushed forward with a plan to transition into a decentralized autonomous organization (DAO).
