How to Invest

New Report Says Binance Has 101% BTC Collateral

Check out the biggest breaking crypto market updates for today: Binance’s Bitcoin Reserves Are Overcollateralized, New Report Says On the 7th, global financial audit, tax and advisory firm Mazars confirmed that crypto exchange Binance’s BTC reserves are fully collateralized, following a proof-of-reserves and proof-of-liabilities verification.  Mazars stated that “Binance was 101% collateralized.”  However, Francine McKenna, …

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Crypto Broker Genesis Owes Customers $900M

Check out the biggest breaking crypto market updates for today: Crypto Broker Genesis Owes Gemini Customers $900M Crypto brokerage Genesis along with its parent company Digital Currency Group (DCG) owes $900 million to customers of Gemini, the crypto exchange run by the Winklevoss Twins – Tyler and Cameron.  Genesis was the primary partner in Gemini’s …

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Brazil Legalizes Crypto As A Method Of Payment

Check out the biggest breaking crypto market updates for today: Brazil Legalizes Crypto As A Method Of Payment Brazil’s Chamber of Deputies has reportedly approved a bill that legalizes cryptocurrencies as a means of payment throughout the country.  While the bill does not grant cryptocurrencies ‘legal tender’ status, it provides for the inclusion of virtual …

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New FTX CEO ‘Misrepresented’ Bahamian Authorities

Check out the biggest breaking crypto market updates for today: FTX’s New CEO ‘Misrepresented’ Actions Taken By Bahamian Authorities In a national statement delivered live on the Facebook page of the Office of the Bahamas Prime Minister, the Bahamas Attorney General (AG) and Minister of Legal Affairs Ryan Pinder stated that it was “extremely regrettable” …

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NY Governor Signs Moratorium On Crypto Mining

Check out the biggest breaking crypto market updates for today: New York Governor Hochul Signs Moratorium To Curb Crypto Mining On the 22nd of November, New York’s Democratic Governor Kathy Hochul signed into law a two-year moratorium on proof-of-work (PoW) cryptocurrency mining in the state. The bill effectively bans crypto mining companies that are powered …

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US Senators Want Fidelity To Stop Offering Bitcoin

Check out the biggest breaking crypto market updates for today: US Senators Urge Fidelity To Reconsider Its Bitcoin Offerings After FTX Blow-Up In a letter addressed to Fidelity Investments CEO Abigail Johnson, three U.S. Senators – Elizabeth Warren, Tina Smith, and Richard Durbin, have asked $4.5 trillion asset management firm Fidelity Investments to reconsider its …

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Grayscale Won’t Share proof of reserves (sketchy?)

Check out the biggest breaking crypto market updates for today: Grayscale Won’t Share Proof Of Reserves, Citing “Security Concerns” The recent FTX collapse has prompted many crypto exchanges and investment platforms to share “Proof of Reserves” – a public-facing attestation as to a c custodial service’s reserves alongside a record of its liabilities (i.e., user …

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Genesis Trading Halts Withdrawals At Lending Unit

Check out the biggest breaking crypto market updates for today: Crypto Broker Genesis Trading Halts Withdrawals at Lending Unit On the 16th, institutional crypto lender Genesis Trading announced that it was temporarily “suspending redemptions and new loan originations in [its] lending business” due to facing “abnormal” levels of withdrawals that exceed its current liquidity.  It …

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