Following the outflow of billions of dollars out of centralized exchange, Binance CEO Changpeng Zhao (CZ) has sounded a note of warning on crypto self-custody during a Binance-run Twitter Spaces on Dec. 14.
Author: qaasim
qaasim
Salaam Rasak entered the crypto space while completing his Masters degree and has continued to dig deep into Web3 space since then, writing articles related to Web3 and blockchain. He started working with Blockchain Journal in September 2022.
In a bid to ensure adequate regulations for the crypto industry, United States Senators Elizabeth Warren and Roger Marshall have both proposed a Digital Asset Anti-Money Laundering Act of 2022 on Dec. 14.
Amid the lingering bear market, one of the world’s leading cryptocurrency exchanges Binance recorded a daily outflow of more than $1.14 billion on Dec. 13 according to a tweet by its CEO Changpeng Zhao (CZ).
In less than 24 hours after the arrest of FTX founder Sam Bankman-Fried (SBF), the United States Securities and Exchange Commission (SEC) has filed a couple of charges, accusing him of defrauding and diverting U.S. customers’ funds.
The founder and former CEO of the collapsed FTX exchange Sam Bankman-Fried (SBF) has been arrested by the Royal Bahamas police on Dec. 12 with a view to extraditing him to the U.S. for onward prosecution.
Against the backdrop of the financial difficulties facing crypto mining firm Argo Blockchain, the firm has revealed that it is in the process of selling assets and engaging in equipment financing transactions in order to avert filing for bankruptcy.
Amid calls for cryptocurrency users to adopt self-custodial wallets, Paxful exchange CEO Ray Youssef lends his voice, advising users to not store their funds in any centralized exchange.
Following reports of abnormal price movements for some trading pairs on Binance, the crypto exchange on Dec. 11 reacted and clarified that the abnormal price movement is not related to hacking, stressing that it is investigating the matter.
Given a couple of oddities that have befallen the crypto industry in 2022, the United States Office of the Comptroller of the Currency (OCC) has warned conventional banks to be careful in delving into digital asset industry because it is yet to be matured.
Following increased efforts by state institutions to regulate cryptocurrency, three United States lawmakers have proposed a bill titled Crypto-Asset Environmental Transparency Act with a view to regulating the crypto mining environment.