FTX reboot could falter due to long-broken user trust, say observers
[ad_1] Several crypto industry commentators have laid skepticism on FTX CEO John Ray’s vision to potentially reboot the crypto exchange, citing trust issues and “second-class” treatment of customers as some reasons why users may not “feel safe to go back.” Former FTX CEO Sam Bankman-Fried tweeted on Jan. 20...
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Binance Ends FTX Acquisition Citing Due Diligence
[ad_1] FTX’s woes continued on Wednesday as Binance confirmed that they have cancelled the proposed acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a...
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Binance froze $1M corporate account due to law enforcement request
[ad_1] Major crypto exchange Binance has confirmed it restricted account access to $1 million in crypto for a Tezos tool contributor after being called out on social media. In a Thursday Twitter thread, Binance said it had restricted the account of Tezos staking rewards auditor Baking Bad “as the...
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Cardano network at record capacity due to SundaeSwap launch, but not all users hail it as a success
[ad_1] According to both Cardano Blockchain Insight and pool.pm, the Cardano (ADA) network has maintained record capacity for nearly two weeks due to the launch of decentralized exchange, or DEX, SundaeSwap, the first of its kind to go live on Cardano. At the same time, the total value locked...
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Another Ethereum mining pool forced to close due to China crackdown
[ad_1] BeePool, the fourth largest Ethereum mining pool, is closing amid China’s crypto crackdown. The China-based Ethereum mining pool announced on Tuesday it will suspend operations “in response to the latest regulatory policies.” Effective immediately, the registration of new users and the addition of sub-accounts for existing users will...
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