The top Japanese financial regulator has given a hint that it may be preparing to attempt to police the decentralized finance (DeFi) sector.The Financial Services Agency (FSA) issued a call for DeFi players to take part in a “fact-finding survey” on the sector.The FSA wants to “research” its “understanding” of “actual conditions” surrounding “on-chain and off-chain” data management “in decentralized financial systems.”The agency asked would-be contributors to the initiative to register their interest in the form of a “bid,” with a deadline of December 9.
In a Nov. 29 notice on its help pages, Coinbase said the wallet will no longer support Bitcoin Cash , XRP , Ethereum Classic and Stellar Lumen , as well as their associated networks. The crypto firm cited "low usage" of the four tokens in its decision.
The Bitcoin balance of Binance, the world's largest cryptocurrency exchange, has risen significantly over the past month following the collapse of FTX, with total holdings now nearing 600,000 BTC. According to data by crypto analytics platform Coinglass, Binance currently holds over 575,000 BTC coins, having added more than 137,011 coins just over the past week and a total of 67,347 BTC coins over the past month.
New FTX CEO John Ray reveals today in a court declaration “the complete failure of corporate controls” at bankrupt crypto exchange FTX.FTX CEO John Ray lays bare the enormity of the task he faces in finding and securing the property of the debtors as the liquidators seek to unravel the governance and management nightmare that is FTX.Despite the latest grim news, crypto prices are holding up relatively well, with bitcoin firming at around $16,696, and some bright spots such as Litecoin up 8% at $62 and XRP ticking upwards at $0.38, gaining 2.7%.
The collapse of the cryptocurrency exchange FTX continues to have knock-on effects throughout the crypto industry with multiple crypto-focused companies reporting significant amounts of their capital stuck on FTX.Between Nov. 11 to 14 three crypto companies announced large losses with one of them having to lay off workers to deal with the crisis.On Nov. 11, crypto hedge fund Galois Capital announced it had “significant funds” stuck on FTX, with a Nov. 12 Financial Times report that said a possible $50 million worth of Galois’ assets were stuck on the exchange.
The abrupt collapse of major crypto exchange FTX has shaken the cryptocurrency markets across the world, but it will not hamper Hong Kong’s plans of establishing itself as a crypto hub, according to the city’s Financial Secretary, Paul Chan. A recent string of bankruptcies by a number of crypto businesses makes a case for enhanced transparency and tighter regulation within the industry, Chan wrote in a recent blog post, as by The South China Morning Post.
Binance CEO Changpeng “CZ” Zhao threw an unexpected roundhouse at rival exchange FTX on Sunday, declaring his company would dump its holdings of FTT. That’s the token that FTX customers can use to obtain perks and discounts on the platform, but whose trading price also serves as a proxy for the prospects of FTX as a whole.
Andiami mixes game theory with cutting-edge hardware. Anthony Di Iorio hopes the endeavor will enable users to run full nodes with little to no technical expertise.Anthony Di Iorio, the co-founder of Ethereum, Decentral and Jaxx Liberty, unveiled a project he says he’s envisioned, designed and built over the span of a decade. The project, dubbed Andiami, blends game theory with cutting-edge hardware to bring blockchain computers to a wider audience.
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