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Check out the biggest breaking crypto market updates for today: Bahamian Securities Regulator Slams New FTX CEO Over ‘Misstatements The Securities Commission of Bahamas (SCB) has slammed FTX’s new CEO John J. Ray III for his statements regarding the ongoing investigation into FTX.  Specifically, the SCB stated that Ray was attempting to “advance questionable agendas” […]

Check out the biggest breaking crypto market updates for today: Sam Bankman-Fried Arrested In Bahamas After US Filed Charges Monday night, Sam Bankman-Fried was arrested by the Royal Bahamas Police Force after the US government announced that it had filed a criminal indictment.  In a press statement explaining the arrest, Bahamas Attorney General Ryan Pinder

Check out the biggest breaking crypto market updates for today: Bank Of England Opens Applications For ‘Proof Of Concept’ CBDC Wallet The Bank of England (BOE) is reportedly seeking a “proof of concept” for a wallet that will be able to hold a central bank digital currency (CBDC). BOE will accept applications through Dec 23. 

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,

Check out the biggest breaking crypto market updates for today: Goldman Sachs Looking To Buy Discounted Crypto Firms After FTX Collapse According to a report by Reuters, financial services firm Goldman Sachs is looking to spend tens of millions of dollars on crypto firms whose valuations have been hit after the implosion of FTX.  Mathew

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

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

Check out the biggest breaking crypto market updates for today: Crypto Lender BlockFi Files For Chapter 11 Bankruptcy Crypto lender BlockFi Inc. is the latest digital asset firm to file for bankruptcy after the collapse of FTX.  In a statement made Monday, BlockFi stated that it will use the Chapter 11 process to “focus on

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”

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