Crypto-news

A Coinbase survey revealed that crypto winter affected investors’ sentiment not as bad as expected. Thus, 58% of investors in the survey expect to increase allocations over the next three years. The 2022 Digital Assets Outlook Survey found that 62% of investors who are currently invested in crypto increased their allocations in the past 12…

Breaking crypto news from the last week (Nov. 12–18, 2022): Nov. 12: Over $400 million outflow crypto exchange FTX and Alameda wallets. FTX confirmed that there was “unauthorized access” to crypto it is holding following a reported hack. However, Reuters reported that FTX CEO Sam Bankman-Fried built a “backdoor” to his exchange in an effort…

Grayscale Investments won’t show proof of reserves, citing “security concerns” after Bitcoin and Ether products fall to new all-time lows. Meanwhile, Coinbase testified to the security of Grayscale’s digital assets products held in Coinbase Custody, the WSJ reported. Crypto firms are under pressure now to share information about the health of their reserves after FTX…

Top investment deals across the crypto sector over the last week (Nov. 12–18, 2022): Bankrupt crypto lender Voyager reopens bidding process after FTX’s collapse Bankrupt crypto lender Voyager Digital is ending the deal to sell itself to FTX US after the latter also declared bankruptcy on Friday. Voyager also acknowledged Friday it has a $3…

Twitter’s crypto division head Tess Rinearson has exited her position amid a massive number of both layoffs and employees quitting in the wake of billionaire Elon Musk’s acquisition of the company, Bloomberg reported. It’s unclear how Elon Musk’s takeover and Rinearson’s departure will impact Twitter’s embrace of NFTs. Internal strife and staff reduction have been…

Top crypto news from the Middle East region over the last week (Nov. 11 –17, 2022): UAE regulator adopts blockchain to speed up commercial judgments A judicial authority established by the United Arab Emirates (UAE) Federal Decree has adopted blockchain technology to save time and costs related to the enforcement of commercial judgments. ADGM Courts,…