Category: Cryptocurrency News

submitted by /u/intrapreneur_ [link] [comments]

Mazars has apparently stopped work for all crypto clients including binance and crypto dot com. Mazars earlier published AUP's/proof of reserves for these companies. Apparently, the decision has to do with the instability and heightened risks in crypto markets, The mazars proof of reserves page has been down for a few hours. The story popped…
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submitted by /u/hquer [link] [comments]

The new funding from Fenbushi aims to help Amber address some of the “significant drawdowns” as an aftermath of the FTX default.

submitted by /u/TheGreatCryptopo [link] [comments]

Cryptocurrency exchange-traded products are gaining traction due to their benefits to investors. These products expose investors to the crypto market without owning the underlying asset. Investing in ETFs allows users to enjoy institutional custody and transparent and simplified trading through brokerage accounts. Related Reading: What Ethereum’s Rejection At $1,350 Says About The Cryptocurrency Crypto assets are highly volatile, with complex trading rudiments. Therefore most investors find it more comfortable investing in ETFs as they protect them from direct exposure to risks in digital asset trading. Due to these benefits, crypto exchange-traded products have gained more traction. In a press release, CSOP revealed that its Bitcoin Futures ETF bagged $53.8 million, while the Ether Futures ETF got $19.7 million in initial investments. As per the report, the $73.6 million is for the firm’s listing in the Hong Kong stock exchange holding. The two ETFs will be invested in Bitcoin and Ethereum futures listed on the Chicago Mercantile Exchange to follow the asset prices. Tim McCourt, an executive at CME Group, commented on the development. According to him, the ETFs listing indicates the increasing demand for Bitcoin and Ether exposure. McCourt noted that introducing the funds may open new opportunities for institutional and retail investors. ETFs Are Safer Than Trading Crypto Assets, Says Yi Wang In an interview with Reuters, Yi Wang, an executive at CSOP, gave his statement regarding the ETFs. Wang said the ETFs are safer than trading digital assets on unregulated platforms. He believes the ETFs are more secure since they do not invest in physical Bitcoin and trade on regulated US and Hong Kong exchanges. Wang noted that the development of the two ETFs shows that Hong Kong is open to virtual asset innovations despite the liquidity issues on some digital exchanges. Previously on Oct. 31, 2022, the Hong Kong regulator, the Securities and Futures Commission (SFC), said it would allow Bitcoin and Ether futures ETFs listings. In a notice, the SFC stated rules that will guide ETF issuers. The guidelines include having a good track record and three years of experience in ETF management. On Oct. 21, Hong Kong considered the establishment of a crypto bill. Related Reading: FUD Intensifies: Can Binance Survive Or Is This The End? ETFs Are Pulling Weight Crypto exchange-traded product has increased in popularity and demand since 2020, especially in Europe and America. According to Laurent Kassis, a crypto ETF expert, the ETP market quadrupled to $3.1 billion in 2020. So far, data shows that Canada has 17 crypto exchange-traded funds, Europe has 73, the United States has three, and Latin America has seven.

There are so many options. My ETH is on my cold wallet Ledger, and they give you the option to stake through Lido. Should I use it? I heard about Rocket Pool as well. Is it better? Thank you to everyone who shares their knowledge with me! submitted by /u/aikodms [link] [comments]

Following the arrest of the former FTX boss Sam Bankman-Fried (SBF), spectators continue to wonder where ex-Alameda Research CEO Caroline Ellison is, and whether or not she turned on SBF. A few reports suggest Ellison is “likely working with feds” and it’s possibly the reason why Ellison was reportedly spotted at the Ground Support cafe […]

submitted by /u/charles_david1600 [link] [comments]

The suit is looking to hold Silvergate accountable for its alleged roles in transferring FTX user deposits to Alameda bank accounts.