CRYPTO

Self-custody of cryptocurrency assets means investors have complete control of their crypto assets without the need to rely on any third party like the CEX.

Two Estonian citizens were arrested in Tallinn, Estonia, on an 18-count indictment for their alleged involvement in a $575 million cryptocurrency fraud and money laundering conspiracy, the U.S.

Institutional investors rushed to crypto products that bet on price declines, posting record inflows, as the collapse of digital asset exchange FTX rippled across the industry and significantly weighed on market sentiment, according to weekly data from digital asset manager CoinShares released on Monday.

Earlier this month, Coinbase CEO Brian Armstrong criticized Singapore's crypto regulation, stating that the city-state is not allowing retail trading.

If its not the Bahamian government, who is the FTX hacker?

Malicious actors have their eyes set on FTX investors, banking on their loss and enticing them with the possibility that they could have their funds back.

"Accounting, audit, cash management, cybersecurity, human resources, risk management, data protection and other systems that did not exist... prior to my appointment," the new FTX CEO revealed.

The disaster of digital asset exchange FTX — combined with the fall of other centralized entities, Celsius and Terra, earlier this year — has served as a masterclass on how not to build and operate crypto solutions.

The FSRA in UAE, which regulates Abu Dhabi's financial hub, released a list of guiding principles on its approach to digital asset supervision and regulation in September.

Multicoin Capital has "had too many assets on FTX" and foresees many trading firms to be "wiped out and shut down."

Retail investors say that the latest move related to Solana-based USDC and USDT may be connected to the FTX debacle, which has hit major industry players like BlockFi and Genesis.

A leading cryptocurrency retail service provider in Hong Kong said it has ceased trading as the broader fallout from the collapse of FTX, and solvency issues at other major crypto firms, continues to roil the sector.

The FTX debacle drags crypto winter and causes retail investors to lose trust on centralized custodial platforms.

Last week, FTX filed for bankruptcy and Bankman-Fried resigned as chief executive, a day after Zhao scrapped plans to acquire the crisis-hit competitor.

Bitcoin traded at about $16,500 per unit on Thursday, down from $45,000 in September 2021 when El Salvador adopted the cryptocurrency, and some $68,000 two months later -- its highest historic value.

"There's no one really out there making sure good things happen and bad things don't," Bankman-Fried said.

Kusama did not make any comment on the FTX debacle and instead changed their Twitter bio to "Focused on Shibarium."

El Salvador's long-awaited bitcoin conference, which was in the limelight in 2021 after the small nation became the world's first to adopt the cryptocurrency as legal tender, has lost its luster this time amid a deep rout in the digital currency universe.

"Our vision has always been to massively transform the delivery of judicial services through technology," ADGM Courts CEO said.

This is not the first time that South Korean authorities raided Shin's property.

Sony explained that the system patent would allow gamers to get their hands on unique in-game assets and collectibles.

"While there have been multiple recent failures in crypto, it is important to distinguish between Terra's case...and the failure of centralized custodial platforms," Kwon said.

Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday following its precipitous collapse, saying it could owe money to more than 1 million creditors.

U.S. lawmakers on Wednesday, in a rare bipartisan vote, called on FTX's Sam Bankman-Fried to testify in a hearing about the crypto exchange's decline.

The celebrities helped promote the exchange, which declared bankruptcy in the United States last week in a meltdown that has reverberated across the digital currency landscape and drawn scrutiny from authorities in multiple countries.

The startup held a "significant proportion of stablecoin investment" on the bankrupt FTX exchange.

"Head down working. Update coming soon and I think you will love it," Kusama said.

Huobi has not yet issued any statement about the latest rumor claiming Sun's takeover of the company.

"I think the industry collectively has a role to protect consumers, to protect everybody. So it's not just regulators. Regulators have a role, but it's not 100% their responsibility," CZ said at the B20 earlier this week.