On November 15, FTX filed for bankruptcy in a court in New York to pursue US acknowledgment of the Bahamian liquidation processes.
Since its launch in 2018 as an ERC-20 token, Stably has raised the standards of transparency and interoperability in the stablecoin industry.
The alleged lack of transparency from Binance in the investigation is poised to influence upcoming UK crypto regulations.
Meanwhile, Bahamian liquidators have challenged the legality of FTX to apply for Chapter 11 bankruptcy in Delaware.
Binance is also looking at acquiring the Genesis Trading loan book, which may come off as a major relief to the company’s parent firm, Digital Currency Group (DCG).
Recent announcement by the lending arm of the crypto investment bank Genesis Global suggests that FTX contagion may be in full effect.
The Aptos platform is powered by the Move programming language which is very modular and will facilitate faster upgrades to modules and their programmability in a very seamless and effective manner.
Coinbase says it has always been keenly interested in asset security and regulatory compliance.
Temasek clarified that its investment in FTX does not imply it has direct exposure to cryptocurrencies.
In the case of FTX, the tug-of-war between the US and Bahamian regulators may elongate all bankruptcy proceedings.
Binance CEO Changpeng Zhao – CZ – has, however, vehemently denied taking part in the FTX collapse, citing that his exchange is a victim of the situation.
Along with other lawmakers, US Treasury Secretary Janet Yellen also spoke about the need for “more effective oversight of cryptocurrency markets” post the collapse of the FTX exchange.
Following the Binance Pay and Coinbase Pay integration, the Trust Wallet token (TWT) price has gained over 20 percent in the past 24 hours to trade around $2.24.
Matter Labs said that 150 projects have showed the intent to integrate zkSync technology as part of scaling the Ethereum mainnet.
The Coinbase analysis of the current market spills a very troubling outlook for Bitcoin (BTC) miners in the space.