Coinbase: The Fall in the Crypto Market Will Last About a Year
The analysts of US-based crypto trading platform Coinbase predict the dominance of bearish sentiment in the crypto sphere, at least until the end of 2023.
Temasek Holdings Writes Off Major Investment in Crypto Exchange FTX
Temasek Holdings, a company based in Singapore, has written off investments (amounting to $275M) in FTX and its US division FTX.US.
South Korea’s Authorities Raid Company of Terraform Labs’ Co-founder
South Korean prosecutors have raided a payments company founded by Terraform Labs co-founder Daniel Shin.
Australia’s Regulator Suspends License of FTX’s Local Affiliate
The Australian Securities and Investments Commission (ASIC) has suspended a financial services license issued to the local division of FTX.
US Banks Plan to Test a Blockchain Platform for US’ Digital Dollar
A group of banking institutions has announced it is launching a pilot project for a digital money blockchain platform called the Regulated Liability Network.
Citigroup Has Said Correlation Between Bitcoin and the S&P 500 is Changing
The dependence of BTC on the S&P 500 and Nasdaq business indicators increases periodically.
A Chinese Hacker Sentenced to Prison for Stealing Almost 400 ETH
The People’s Court of Shangrao City has convicted a hacker who stole more than 383 ETH from a victim’s phone using a Trojan.
Crypto.com Says It Does Not Have Financial Problems
The company CEO, Kris Marszalek, has officially denied all the rumors and stressed Crypto.com has no liquidity problems.
FTX’s Collapse Has Led to a Cut in BTC Reserves on Exchanges
The collapse of crypto trading platform FTX has led to a record outflow of Bitcoins from exchange balances to cold wallets.
The Quarterly Earnings of Miner Maker Canaan Fell by 90% in Q3
Bitcoin miner maker Canaan posted a net profit of $8.6 million in the third quarter, which is 90% less than in the previous period.
106,000 BTC Have Been Withdrawn from Exchanges in a Month Due to FTX’s Crisis
A record outflow of Bitcoins from exchange balances to cold wallets has been seen amid the collapse of FTX.
Bitfinex Releases Information About Exchange’s Reserves
Paolo Ardoino has shared information about the balances of hot and cold wallets of the trading platform.
Crypto Exchange AAX Suspends Withdrawals
AAX has suspended withdrawals citing a planned system update as the reason.
