Cryptocurrency
Wallets
U.K. Reportedly Preparing to Limit Crypto Services From Abroad
  • Unnamed sourced told the Financial Times that the U.K. Treasury was preparing new rules that would give the FCA broader powers over the crypto market.
  • The regulations will allow the FCA to monitor and limit operations and advertising of crypto companies, as well as restrict crypto sales in the U.K. from foreign companies.
a day ago
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Coinbase Disables iOS Wallet’s NFT Trading Due to Apple’s App Policies
  • Coinbase said that Apple had blocked the release of the latest iOS version of its mobile wallet app until NFT trading functionality was disabled.
  • The exchange also claimed that Apple wanted all gas fees required to send NFTs to be paid through its In-App Purchase system so that it could collect 30% of the fees.
December 1, 2022, 7:22 PM
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Binance Launches Merkle Tree-Based Proof-of-Reserves System
  • Binance’s new proof-of-reserve system shows it has Bitcoin (BTC) balance of 582,485 tokens, while users have a net balance of 575,742 BTC.
  • The exchange also plans to involve a third-party auditor to verify its PoR system, as well as implement ZK-SNARKs to improve privacy.
November 25, 2022, 4:53 PM
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Hodlnaut Under Fraud Investigation in Singapore
  • The police’s commercial affairs department is investigating Hodlnaut and its directors for possible cheating and fraud.
  • Singapore police received numerous reports between August and November this year about false representations relating to the company’s exposure to a “certain digital token”.
November 24, 2022, 2:04 PM
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Nov 24, 2022
OKX Launches Proof-of-Reserves Page and Self-Audit Tool
  • OKX has become one of the first crypto exchanges to release a Proof-of-Reserves page, giving users a greater visibility in its reserves and liabilities.
  • Customers can also verify that their assets are backed 1:1 on the platform, and that they have become a “leaf” in the Merkle tree data structure.

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Nov 23, 2022
Japan to Trial Digital Yen With Three Megabanks in Early 2023
  • The Bank of Japan will collaborate with three Japanese megabanks on a CBDC with offline functionality starting early next year.
  • The central bank plans to experiment and stress test the potential digital yen for two years, and make a final decision on whether to widely issue it by 2026.
Nov 21, 2022
FTX Owes Over $3B to Top 50 Creditors, Liquid Pauses All Trading
  • New bankruptcy court filings revealed that FTX owed its top 50 creditors around $3 billion, with sums ranging from $21 million and $226 million.
  • Japanese crypto exchange Liquid, which was acquired by FTX in May, suspended all trading on its platform only five days after pausing crypto and fiat withdrawals.
Nov 18, 2022
Bahamas Regulator Ordered FTX to Transfer Assets on 12 November
  • The SCB announced that it had ordered FTX Digital Markets to transfer its assets to a wallet owned by the commission on 12 November, which could shed some light on recent suspicious transactions.
  • A bankruptcy filing from Thursday revealed that Alameda Research had give out $4.1 billion in loans to related parties, with Sam Bankman-Fried personally receiving $1 billion.
Nov 15, 2022
Nov 14, 2022
Crypto.com CEO Says Exposure to FTX was Limited to $10M
  • Crypto.com CEO Kris Marszalek addressed customer concerns during a live AMA session today, claiming that the exchange had a strong balance sheet.
  • He also clarified that Crypto.com had sent $1 billion in stablecoins to FTX over a the past year to fulfill order liquidity, and that it had only $10 million exposure to FTX when it fell.
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