CryptoQuant on-chain analysis: Binance isn’t shows ‘FTX-like’ behavior

    Binance, the largest crypto exchange by volume traded, is not the next FTX, according a report from CryptoQuant. The analytics firm found the exchange is almost entirely collateralized and diversified away from its proprietary token. CryptoQuant, the Seoul-based analytics firm points to on-chain data to support claims made in a recent audit that Binance is…

    MetaMask to launch PayPal integration for Ethereum purchase and transfer
    15 Dec 2022
    386 Views

    Payments firm PayPal announced its plans to integrate its buy, sell, and hold crypto services with MetaMask Wallet on Dec. 14, aiming to broaden users’ options to transfer digital assets from their platforms. Users will be able to buy and transfer Ether from PayPal to MetaMask soon. The partnership between PayPal and MetaMask developer firm…

    Binance resumes USDC withdrawals after temporary suspense

    Binance has resumed processing withdrawals of the USD Coin stablecoin (USDC) after pausing them for several hours earlier on Dec. 13. The exchange said it worked on a token swap to increase its USDC reserves. On Dec. 13, the world’s largest crypto exchange Binance temporarily stopped processing USDC withdrawals due to inadequate USDC reserves on…

    FT: Global financial watchdogs to roll out international crypto regulations in 2023
    13 Dec 2022
    364 Views

    Global financial watchdogs are set to lay out a firm framework to regulate the crypto industry in early 2023 and implement it quickly. The secretary-general of the Financial Stability Board (FSB), Dietrich Domanski, told The FT there is ‘strong agreement’ on a framework for digital asset rules. While the EU, the UAE, and other countries…

    FTX founder Sam Bankman-Fried arrested in the Bahamas on the eve of congressional testify
    13 Dec 2022
    358 Views

    The Royal Bahamas Police Force arrested FTX founder Sam Bankman-Fried, following the US authorities filed criminal charges against him. The Bahamas intends to extradite Bankman-Fried after US officials request it. Meanwhile, the “surprising” arrest comes just a day before a scheduled hearing before the US House Financial Services Committee hearing on the FTX collapse, “disappointing”…

    Crypto Trends Weekly – Dec. 3–9
    12 Dec 2022
    332 Views

    Breaking crypto news from the last week (Dec. 3–9, 2022): Dec. 4: USDC stablecoin issuer Circle and publicly traded special purpose acquisition company Concord Acquisition Corp (SPAC) mutually ended their proposed business combination after the deal “timed out.” The mutual termination comes after over a year and a half of deliberating around the terms of…