The Turkish regulator joined the United States and the Bahamas in investigating the exchange’s fall. Turkey’s Financial Crimes Investigation Agency is the latest authority to announce investigations into crypto exchange FTX after its collapse and bankruptcy filing on Nov.11. Along with FTX, the agency will look into people and institutions related to the platform —...Continue Reading

The country’s prime minister says it is consulting on the introduction of Bitcoin Cash on a legal basis, in spite of being within the territory of pioneering CBDC DCash. The Caribbean nation of St. Kitts & Nevis may declare Bitcoin Cash legal tender by March 2023. Prime Minister Terrance Drew made that announcement while he...Continue Reading

Investors piled into stablecoins following FTX’s collapse and an uptick in DEX activity suggests a rising interest in self-custody options. On-chain data from Glassnode show Bitcoin’s (BTC) movements hit a new record for the largest net decline in aggregate BTC balances on exchanges, reducing by 72,900 BTC in one week.  A similar movement occurred in...Continue Reading

Although it admitted to “significant exposure,” the crypto lender assured clients that it has “the necessary liquidity to explore all options.” Crypto lender BlockFi issued an official notice to its clients on Nov. 14 denying rumors that the majority of its assets were on FTX prior to the exchange’s collapse. According to an update shared by...Continue Reading

Authorities reportedly alleged Shin Hyun-seong earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra’s collapse. Authorities in South Korea have reportedly requested Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin, to appear as part of an investigation into the collapse of the firm. According to a Nov. 14...Continue Reading

The Bitcoin price briefly fell below $16,000 last week as Sam Bankman-Fried’s FTX Group filed for bankruptcy. Inflows into cryptocurrency investment products rose sharply last week as institutional investors bought the dip amid the marketwide collapse triggered by FTX’s and Alameda Research’s bankruptcies.  Digital asset investment products saw inflows totaling $42 million in the week...Continue Reading

The Binance CEO was responding to a questioner who accused the company of profiting from FTX’s downfall while normal users suffered. During an ask-me-anything (AMA) session on Twitter Spaces on Nov. 14, Binance CEO Changpeng Zhao, also known as CZ, urged crypto users to take responsibility for their investment decisions and not put all of...Continue Reading

Derivatives data shows increased demand for margin longs contradicts traders’ perception that further downside in store for Bitcoin. Bitcoin (BTC) lost 25.4% in 48 hours, bottoming at $15,590 on Nov. 9 as investors rushed to exit positions after the second largest cryptocurrency exchange, FTX, halted withdrawals. More importantly, the sub $17,000 levels were last seen...Continue Reading

Following the announcement, a representative confirmed that the venture capital firm Bitkraft would also be joining as a partner and member of the jury. The inaugural edition of the Gam3 Awards — a new Web3 gaming awards event hosted by Polkastarter Gaming — is set to take place on Dec. 15, according to an announcement...Continue Reading

A source with knowledge of the investigations reportedly said New York authorities were looking into the collapse of FTX following the firm declaring bankruptcy on Nov. 11. Prosecutors with the United States attorney’s office in the Manhattan district of New York have reportedly begun investigating the fall of crypto exchange FTX. According to a Nov....Continue Reading