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Tether facilitates Binance’s $3 billion USDT trade from Ethereum to Tron
Binance is moving 3 billion USDT from the Tron network to the Ethereum network with the support of Tether.A "chain swap" involving the transfer of 3 billion…
Bloomberg reports that Bahamas regulators examine FTX client withdrawals
According to sources speaking to Bloomberg, the authorities in the Bahamas are investigating whether or not the management of FTX knew about or had a part in the…
Jim Cramer of CNBC describes XRP, Solana, and Dogecoin as “Giant Scams”
Jim Cramer, head of the "Mad Money" segment on CNBC, has called XRP, Solana, and Dogecoin a "huge fraud" for failing to establish their worth beyond being…
Binance’s proof of reserves raises concerns
There are a number of causes for alarm, including the organizational setup, crypto liabilities, and the quality of internal controls.Accounting and financial…
Caroline Ellison employs a former SEC crypto regulator as a lawyer for the FTX…
Caroline Ellison, former head of Alameda Research, recruited a former SEC crypto regulator to defend her in an ongoing federal investigation involving the collapse…
Coinbase Urges Customers to Abandon Tether by Offering Free USDC Transfers
The biggest cryptocurrency exchange in the United States, Coinbase, does not want its clients to utilize the Tether stablecoin. Instead, it is paying rewards on its…
Audit of Binance’s Proof-of-Reserves Indicates That Assets Are Overcollateralized
Mazars' proof of reserves study indicates that Binance has sufficient assets to cover client withdrawals.The first proof of reserves (POR) audit report for…
Kraken reduces employees by 30% to “weather crypto winter”
Kraken is the latest cryptocurrency company to announce layoffs. A Co-founder and CEO Jesse Powell said in a blog post, "We are decreasing our worldwide workforce…
Sam Bankman-Fried takes his first audio interview after the FTX crash
Former CEO Sam Bankman-Fried (SBF) denied any wrongdoing in his first interview after the collapse of the FTX cryptocurrency exchange.In an interview with…
Kraken’s Jesse Powell Declares He Will Point Out Crypto Issues
Jesse Powell, founder and former CEO of Kraken, says he intends to highlight flaws in the cryptocurrency market, beginning with the issue of exchanges revealing…