Bitvo has managed to back off its acquisition agreement with FTX exchange thanks to long approval process of the deal from local regulators. The Canadian cryptocurrency exchange Bitvo has terminated its expected acquisition agreement with FTX to continue operating independently. Bitvo’s shareholder, Pateno Payments, has discontinued the acquisition deal with FTX Canada and FTX Trading...Continue Reading

The new browser extension lets users store, send and receive crypto across all EVM chains and Solana. Following the collapse of FTX and the bank run on crypto exchanges in general, self-custody Trust Wallet is gaining momentum. In one week, the company launched the long-anticipated browser extension and collaborated with Binance, whose users can now...Continue Reading

Cold feet are in charge as exchange users continue to move Bitcoin from exchanges to non-custodial wallets. Bitcoin (BTC) has flooded out of exchanges in the past week as users become wary of security and regulatory scrutiny. Data from on-chain monitoring resource Coinglass shows United States exchanges in particular seeing heavy BTC balance reductions. U.S....Continue Reading

Red Bull Racing will close out a successful Formula 1 season with an NFT emblazoned on both drivers’ vehicles at the Abu Dhabi Grand Prix. Cryptocurrency and blockchain technology firms continue to feature in the world of Formula 1, with a nonfungible token (NFT) making its mark on Red Bull Racing’s vehicles to close out...Continue Reading

Twitter users called out the removal of the ETH staking timeframe and with one describing staked ETH as a “non-redeemable” investment. Days after Ethereum turns deflationary for the first time since shifting to proof-of-stake (PoS), critics have started to highlight the Ethereum Foundation’s removal of Ether (ETH) staking’s withdrawal schedule on social media.  A crypto...Continue Reading

El Salvador currently holds 2,381 BTC with a total investment of $103 million, the value of its BTC investment has declined to $39.4 million in the current market conditions. As the world’s first nation to adopt Bitcoin (BTC) as a legal tender in September 2021, El Salvador is going back to its BTC buying days...Continue Reading

Despite eight months of due diligence, investment firm Temasek found no major concerns with FTX’s financials and no sign that the crypto exchange would eventually collapse. Singapore’s state-owned investment firm Temasek revealed despite eight months of due diligence in 2021, it didn’t find any significant red flags in FTXs financials before deciding to invest $275...Continue Reading

With Sam Bankman-Fried involved in so many philanthropic ventures, the fallout of FTX could also see a variety of grants and investments being subject to clawbacks or not honored. The fall of crypto exchange FTX appears to have already begun to impact the hundreds of grant recipients across a variety of philanthropic organizations backed by...Continue Reading

A spokesperson for Australian Treasurer Jim Chalmers said they are closely monitoring the fallout from FTX’s collapse. The Australian government has doubled down on its commitment towards a robust regulatory framework for crypto following the catastrophic collapse of FTX last week. A spokesperson for Australian Treasurer Jim Chalmers said the Treasury said it is now...Continue Reading

The blockchain-backed upgrade in the works for nearly five years has potentially cost Australia’s primary exchange over $170 million. The long-anticipated plans by the Australian Securities Exchange (ASX) to use blockchain to bring its clearing and settlements system into the 21st century have just been canceled. In a Nov. 17 statement, ASX announced it had...Continue Reading