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Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says the problem with auditing cryptocurrency exchanges, like Binance and FTX, is the same as when he started using a new kind of credit default swap. “Our auditors were learning on the job,” he described, adding that it’s
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Thailand joins the growing list of countries that are seeking to revise their crypto regulation in the aftermath of the FTX collapse. And, as most of these countries do, it intends to tighten the guidelines for the industry and focus on investor protection. According to the report from the Bangkok Post,
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The Snapdeal IPO may be launched at a later date. According to the firm, a move will depend on their need for capital at that time.Indian e-commerce marketplace Snapdeal is cutting its plans to float its Initial Public Offering (IPO) in which it plans to raise the sum of $152
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“The court acknowledges that this action raises legitimate concerns over celebrities’ ability to readily persuade millions of undiscerning followers to buy snake oil with unprecedented ease and reach,” Judge Michael Fitzgerald of the U.S. District Court for the Central District of California, said in a document of the proceeding. Source
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On Oct. 28, the firm’s core legal entity, BKCoin Management LLC, filed a complaint with the circuit court that alleged Kang had improperly diverted and/or commingled $12 million in cash and other assets out of the multi-strategy funds. BKCoin had terminated Kang’s employment on Oct. 14 but wasn’t sure if
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In a move to tone down the negative impacts of a bear market and ecosystem collapses, crypto exchange Gate.io launched an industry liquidity support fund with an initial commitment of $100 million.With investors moving their funds away from exchanges into self-custody, market liquidy concerns are an immediate threat to struggling
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Data shows the different Bitcoin investor cohorts now have their cost-basis packed together in a tight range. Here’s what this may tell us about the current market. All Bitcoin Investor Groups Have Cost-Basis Between $18.7k And $22.9k According to the latest weekly report from Glassnode, the cost-basis of the wider BTC market
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"There are many risks, including from macro markets and the risk perceived in holding crypto on an exchange, post-FTX. Moving to stablecoins is a most defensive posture, vs. moving into BTC, which is still a volatile asset in the end," Rosenblum told CoinDesk when asked if stablecoins have replaced BTC
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BTC Conviction is at an all-time high as long-term investors keep adding to their BTC stack unfazed by the recent news and fallouts according to data from Glassnode.Crypto has been declared dead quite a few times as Fear and Uncertainty is at highs in the crypto industry. Although low conviction
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Central bank governors from around the globe are currently in Thailand to discuss the role of central banks amid evolving financial technology. The conference is jointly hosted by the Bank of Thailand (BOT) and the Bank for International Settlements (BIS).A panel discussion on digitalized monetary systems saw Eddie Yue, chief
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