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  • FTX files for bankruptcy, CEO Sam Bankman-Fried steps down

    FTX files for bankruptcy, CEO Sam Bankman-Fried steps down

    The once-third-largest crypto exchange FTX has fallen from prestige in the past week and has now announced it filed for Chapter 11 bankruptcy in the U.S.

    FTX CEO and founder Sam Bankman-Fried has resigned from his role, and Enron turnaround veteran John J. Ray III has been appointed as the new CEO. About 130 additional affiliated companies — including FTX US and Alameda Research — have also begun the bankruptcy process, FTX said in a statement.

  • FTX US resigns from the crypto council for innovation

    FTX US resigns from the crypto council for innovation

    FTX US has resigned from the Crypto Council for Innovation, a Washington, D.C.-based trade association that lobbies on behalf of the crypto industry.

    In a statement, Crypto Council CEO Sheila Warren said the group accepted FTX US’s resignation. FTX US’s logo has seemingly already been removed from the organization’s website.

  • U.S. senator urges legislation after FTX collapse

    U.S. senator urges legislation after FTX collapse

    U.S. Senate Agriculture Committee chair Debbie Stabenow said on Thursday the U.S. Congress needs to pass legislation in the wake of the collapse of cryptocurrency exchange FTX.

    She added that she is working with the panel’s top Republican John Boozman, financial regulators, and others to finalize and prepare this legislation for a committee vote.

  • Aptos and Google Cloud unveil partnership

    Aptos and Google Cloud unveil partnership

    Layer 1 blockchain startup Aptos said it has partnered with Google Cloud in a move that will see the search giant power some of its validator nodes, among other services.

    Google Cloud will validate nodes and participate on the Aptos mainnet. The Aptos blockchain will also be indexed and made available on Google Cloud’s BigQuery service.

  • 34 million SHIB were burned in 24h

    34 million SHIB were burned in 24h

    According to Shibburn, a total of 34,203,073 SHIBA INU were burned in the last 24 hours.

  • Chainlink Labs offers Proof of Reserve service for embattled exchanges

    Chainlink Labs offers Proof of Reserve service for embattled exchanges

    Chainlink Labs offered its Proof of Reserve product as a solution to future trust issues in the crypto exchange market on Nov. 10.

    Chainlink Proof of Reserve (PoR) is an automated solution that enables developers and users to verify if stablecoins, wrapped tokens, and other assets utilizing off-chain or cross-chain reserves are fully backed by collateral.

  • FTX Japan ordered to suspend operations by the country’s regulators

    FTX Japan ordered to suspend operations by the country’s regulators

    FTX Japan, the Japanese arm of the beleaguered crypto exchange FTX.com, was ordered by the country’s Financial Services Agency (FSA) to suspend operations until Dec. 9.

    The local finance regulator ordered FTX Japan to come up with a “business improvement plan” by Nov. 16, which should accurately identify its customers, protect user assets, and provide more transparency.

  • Bitcoin and Ethereum get a boost as CPI shows inflation cooling

    Bitcoin and Ethereum get a boost as CPI shows inflation cooling

    The latest report from the Bureau of Labor Statistics found that the consumer price index rose by 7.7% over the past 12 months.

    Following the report’s release, the price of Bitcoin increased by roughly 3.57% to $17,000. Ethereum, the second largest crypto asset by market cap, gained 5.8% and is now trading at $1,237.

  • Chiliz Network shares crucial updates for users

    Chiliz Network shares crucial updates for users

    According to the most recent update from the Chiliz network, the CHZ token and fan tokens will merge into a single blockchain as part of the transition to Chiliz Chain 2.0, a new and upgraded version of Chiliz Chain.

    The new Chiliz Chain will make use of a Proof-of-Staked-Authority (PoSA) consensus that provides the best possible scalability, governance structure, staking and speed, expanding the uses of CHZ as well as fan tokens.

  • Whale accumulated more than 5,000 BTC

    Whale accumulated more than 5,000 BTC

    According to Whale Alert, in the last 24 hours, 5,057 BTC was transferred from Bybit to an unknown wallet. This amount of BTC is worth $83,945,220.