This recovery in assets could be a major boon for FTX’s customers who have their massive crypto investments frozen after the bankruptcy filing.
The recent development comes as crypto exchange Huobi continues to lose market share in recent times which has now dropped to less than 4%.
According to a blog post by the firm, Quasar will use the majority part of the fund for product development.
The UK FDC will focus on the potential for a Central Bank Digital Currency (CBDC), as well as the regulatory approach to stablecoins and other valuable crypto assets.
Besides pursuing regulatory approval, Binance has also continued to expand its workforce.
Bitcoin price rally follows the growing cheer on Wall Street amid the cooling down of inflation and the expected softening stand by the Fed ahead.
Under the partnership, Ava Labs will also join AWS Activate, extending AWS credit advantages to builders within the Avalanche ecosystem.
The update on the digital yuan in circulation was revealed by the People’s Bank of China (PBoC) in the 2022 Financial Statistics Report.
A local report states that the investigation will be conducted by a unit dedicated to “special tax investigations.”
Along with the accommodation of this feature, traders will also be able to acquire on-time cryptocurrency market information on all the monetary tokens on the platform.
In December, the Canadian Securities Administrators (CSA) announced strengthening its approach to oversight of crypto trading platforms by expanding existing requirements for platforms operating in Canada.
Despite the fact that customers may be shifting their focus to its competitor, Tether doesn’t see a threat.
Voyager attorney said that the Binance.US deal is in the best interest of Voyager’s creditors and would help them get their crypto back much faster.
Besides the funding, the handpicked projects will receive cross-industry mentorship from other Beacon contributors.
Globally-renowned exchange Binance recently admitted that its BUSD peg was inadequately undercollateralized by $1 billion.