Former FTX CEO Sam Bankman-Fried denies “improper use” of customer funds
According to the former CEO, at the time of filing for bankruptcy “FTX US was solvent.” This post was originally published on this site
Italy to impose 26% capital gains tax on crypto profits
The 26% capital gains tax will be imposed on cryptocurrency trading profits larger than 2000 euros ($2,062.3).This post was originally published on this site
Singapore’s Temasek sees ‘reputational damage’ due to FTX, official says
Despite writing down its $275 million investment in FTX, Temasek still apparently holds its investments in many other crypto-related businesses. This post was originally published on this site
Coinbase Wallet will stop supporting BCH, ETC, XLM and XRP, citing ‘low usage’
The crypto wallet plans to stop support for the four tokens on Dec. 5, but added any remaining funds would still be tied to users’ existing addresses.This post was originally published on this site
FTX logos and promotional material still everywhere despite bankruptcy proceedings
Though some officials have removed all traces of their deals with FTX, the firm’s branding still appears on a few sports venues and merchandise.This post was originally published on this site
Line shuts down crypto exchange to focus on blockchain and LN token
The Japanese messaging giant will still continue to support its Line blockchain ecosystem and the Link token despite the ongoing industry challenges. This post was originally published on this site
How bad is the current state of crypto? On-chain analyst explains
Despite the widespread loss of confidence in crypto following the FTX collapse, Bitcoin’s on-chain data gives investors hope. This post was originally published on this site
FTX’s collapse could change crypto industry governance standards for good
Following FTX’s downfall, experts believe that centralized exchanges will be faced with increased regulatory scrutiny, potentially eliminating a lot of players from the fray. This post was originally published on this site
Binance publishes official Merkle Tree-based proof-of-reserves
Two weeks after its initial pledge for Merkle Tree-backed proof of funds, Binance releases its official response to liquidity transparency. This post was originally published on this site
South Korean Crypto Exchanges Delist WEMIX — Token Price Plunges by Nearly 70%
The Digital Asset Exchange Joint Consultative Body (DAXA), the South Korean association of crypto exchanges, announced on Nov. 24 that the WEMIX token would be delisted. In justifying the decision to delist WEMIX, the association claimed the information provided by the token’s issuer Wemade is false and has confused investors. Discrepancy Between WEMIX Circulating Supply […]