Regulation
Bear Market
Genesis’ crypto-lending unit halts customer withdrawals
In light of the FTX collapse, Genesis is facing abnormal withdrawals requests beyond the limits of their current liquidity.
Adoption
Istanbul Blockchain Week panelists hopeful on adoption of next-generation blockchain tech
CEO of Elixxir and cryptography pioneer, David Chaum, expressed that the ongoing issues in centralized finance might hopefully be able to "stimulate the adoption of this next generation of technology" without the vulnerabilities.
Bear Market
3AC wallet shifts over $20M in ETH, stablecoins over past 6 days, fueling rumors of revival attempt
Funds have begun to move again within the 3AC wallet which has led to speculation that the collapsed fund may be attempting a resurrection.
Exchanges
Huobi addresses concerns raised surrounding fake reserves ‘snapshot’
Huobi released an asset snapshot of their reserves just prior to moving over 10,000 ETH out of 'snapshot' wallet.
Adoption
St. Kitts and Nevis to adopt Bitcoin Cash as legal tender in 2023
St. Kitts and Nevis Prime Minister Terrance Drew announced plans to adopt Bitcoin Cash as legal tender and mine it as a country.
Bear Market
New FTX CEO Ray announces steps taken to staunch bleeding cashflow
Chief Restructuring Officer and new CEO of FTX, John Ray begins securing digital assets and halting of FTX trading and withdrawal functions.
Bear Market
Pantera Capital reflects on FTX situation and importance of DeFi in latest Blockchain Letter update
An official Pantera Capital 'Blockchain Letter' addresses FTX impact on the firm and the importance of DeFi.
Bear Market
Galois Capital admits over 50% of its capital was locked up in FTX
Co-founder, Kevin Zhou, has explained that around $40 million of Galois Capital is locked up in FTX
Hacks
FTX hacker identity discovered by Kraken Exchange team
Kraken Exchange CSO, Nick Percoco, just announced via a tweet reply that the hackers identity has been discovered
Hacks
Was FTX hacked? Deep dive reveals “backdoor” built into accounting software
In the latter hours of Friday evening, FTX founder Sam Bankman-Fried secretly moved $10 billion in funds to Alameda trading firm via software "backdoor."
Bear Market
Silvergate Capital says FTX reflects less than 10% of its total deposits from digital asset customers
In response to the recent FTX and FTT developments, Silvergate followed suite in providing the public with an update on its FTX exposure.
Bear Market
KuCoin CEO addresses rumours surrounding FTX, FTT exposure
Johnny Lyu, KuCoin's CEO, attests to the transparency of the exchange, discloses KuCoin holdings, and denies FTX, FTT exposure