Despite the headwinds, Ripple has not stopped staying relevant in the blockchain ecosystem and has maintained a very healthy business outside of the United States.
In its design of the USDA stablecoin, Emurgo has integrated avenues for easy adoption of the soon-to-be-launched token.
The Senators said that the public owes complete transparency of the financial activities that led to the collapse of FTX.
Crypto traders say that bears are in complete control. Bitcoin can drop to $13,000 and altcoins can correct another 50% from the current levels.
As far as the crypto industry is concerned, Multicoin Capital said it does not believe FTX will be the downfall of the industry.
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.
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.
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.