Core Scientific (CORZ), one of the largest bitcoin (BTC) miners by computing power, filed for bankruptcy protection on Wednesday and reached a deal with some of its lenders to restructure its debt. …
BNB Plummets as Binance Auditor Mazars Halts Work With All Crypto Firms
Auditing firm Mazars Group has dropped cryptocurrency firms as clients, according to crypto exchange Binance. In a statement to Decrypt, Binance said that “Mazars has indicated that they will …
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FTX Investor Impact: Timeline of Realized Cryptocurrency Gains and Losses Shows FTX Hit Investor Wallets Less Than Previous Crises
Allow us to state the obvious: There’s been a lot of doom and gloom in conversations around cryptocurrency over the last month. This is warranted to an extent: FTX, one of the industry’s biggest and …
U.S. Justice Dept is split over charging Binance as crypto world falters
Splits between U.S. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation into the world's largest cryptocurrency exchange Binance, four people …
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FTX crash shows cryptocurrency market needs bank-like regulation
The recent turmoil in the trillion-dollar crypto sector, including FTX’s sudden liquidity crisis and spectacular collapse, has updated the concept of a bank run — made famous in movies like “It’s a …
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Genesis Owes Gemini Earn Users $900M: Report
Embattled crypto broker Genesis and its parent company Digital Currency Group (DCG) owe users of Gemini Earn $900 million, the Financial Times reported on Saturday, citing anonymous sources. Gemini …
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Crypto Does Not Need A Rescue Fund, It Needs To Get Boring
Cryptoassets do not need a rescue fund, a bailout, or any other so-called “white knight” initiatives; the sector needs to have a reality check and honestly assess how the future will evolve.In the …
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Rising Tether Loans Add Risk to Stablecoin, Crypto World
The company behind the tether stablecoin has increasingly been lending its own coins to customers rather than selling them for hard currency upfront. The shift adds to risks that the company may not …
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Bitcoin Offshoot Becomes the Latest Victim of FTX’s Contagion
The fallout from the collapse of Sam Bankman-Fried’s FTX crypto empire has spread to a new corner of the digital-asset market. Focus has turned to the price disparity between Bitcoin and a derivative …
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Crypto firm BlockFi files for bankruptcy as FTX fallout spreads
Distressed crypto firm BlockFi has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jersey following the implosion of putative acquirer FTX. In …
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