President Biden announces pick for FDIC chair
Martin Gruenberg was FDIC acting chair while the agency issued cease and desist orders to crypto firms and suggested that payment stablecoins merited further consideration.
Martin Gruenberg was FDIC acting chair while the agency issued cease and desist orders to crypto firms and suggested that payment stablecoins merited further consideration.
The Bitcoin price briefly fell below $16,000 last week as Sam Bankman-Fried’s FTX Group filed for bankruptcy.
Although it admitted to “significant exposure,” the crypto lender assured clients that it has “the necessary liquidity to explore all options.”
Authorities reportedly alleged Shin Hyun-seong earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra’s collapse.
The Binance CEO was responding to a questioner who accused the company of profiting from FTX’s downfall while normal users suffered.
Following the announcement, a representative confirmed that the venture capital firm Bitkraft would also be joining as a partner and member of the jury.
Derivatives data shows increased demand for margin longs, contradicting traders’ perception that further downside is in store for Bitcoin.
Arbitrum earnings are soaring as daily active users flood the layer-2 platform with the hope of an eventual airdrop.
Lin Li, the company’s founder, has agreed to lending up to $14 million to New Huo Technology to bailout affected clients.
A source with knowledge of the investigations reportedly said New York authorities were looking into the collapse of FTX following the firm declaring bankruptcy on Nov. 11.