Exchange tokens are the backbone of many top exchanges, but how much risk is involved? — explains Jason Nelson on Decrypt. This Learn article will cover what exchange tokens are, what they are used for, how they are purchased, and the new scrutiny on them in light of FTX’s reported malfeasance related to its FTT…

New Jersey-based exchange BlockFi informed customers that it would be “limiting platform activity” and paused withdrawals amid the crypto market turmoil caused by FTX collapsing. In June, BlockFi secured a $400 million loan from FTX and potential acquisition terms, hoping the new credit line could help them remain afloat. “We, like the rest of the…

On Nov. 11, the crypto exchange FTX filed for bankruptcy protection in the US, the Bahamas-based company said. Chapter 11 bankruptcy filing attributed to Alameda Research estimates the company has $10 billion to $50 billion in liabilities. Also, FTX CEO and founder Sam Bankman-Fried resigned from his role. FTX Group, which includes FTX.com and FTX…

Popular crypto wallet MetaMask has launched a new feature that will aggregate bridge services for users who want to transfer their crypto across different blockchains. The bridge aggregator shows users the best route for cross-chain token transfers. In a blog post, MetaMask said that the service is part of its newly launched portfolio app and…

US financial regulators are investigating whether embattled crypto exchange FTX properly handled customer funds and its relationship with other parts of the business empire of Sam Bankman-Fried, Bloomberg sources reported. The SEC also scrutinizes Binance’s move to buy FTX. The investigations by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission…

The price of Bitcoin and Ethereum has fallen in the last 24 hours, with the total crypto market cap now sitting at $914 billion, a 10.6% drop in the past 24 hours. The surprise FTX acquisition claim by Binance has sparked a significant overnight drop for Bitcoin and Ethereum. Ethereum’s price now sits at around…

According to a new report on its priorities, the Central Bank of Russia (CBR) is working on integrating crypto assets into the local financial system. The CBR is also working on the digital ruble, a central bank digital currency (CBDC). The CBR released a report on digital assets and crypto regulation, focusing on integrating them…

Neon Labs plans to deploy an Ethereum Virtual Machine (EVM), an Ethereum smart contract layer, on the Solana blockchain on Dec. 12. The solution will allow developers to port Ethereum-based decentralized applications (DApps) to the Solana ecosystem. The new solution – also known as Neon EVM – aims to bring support for Ethereum Virtual Machine…

The US Department of Justice (DOJ) announced Monday that more than $3.36 billion worth of Bitcoin affiliated with the DarkNet marketplace Silk Road was seized by law enforcement last November. This seems to be the DOJ’s second-largest Bitcoin confiscation to date. The announcement from the US Attorney’s Office comes after James Zhong, the man who…

Circle, the issuer of stablecoin USDC, is expanding Euro Coin to the Solana blockchain in the first half of 2023. The payments firm plans to launch its cross-chain protocol, and it will also be expanded to Solana. In June, Circle launched Euro Coin as a European take on its popular stablecoin USDC but pegged to…