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The country’s prime minister says it is considering introducing Bitcoin Cash on a legal basis, despite being within the territory of the pioneering CBDC DCash.
Martin Gruenberg was the FDIC’s acting chair while the agency issued cease-and-desist orders to crypto firms and suggested that payment stablecoins merited further consideration.
Investors piled into stablecoins following FTX’s collapse, and an uptick in DEX activity suggests a rising interest in self-custody options.
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.”
The Binance CEO was responding to a questioner who accused the company of profiting from FTX’s downfall while normal users suffered.
Authorities reportedly alleged Shin Hyun-seong earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra’s collapse.
The Turkish regulator joined the United States and the Bahamas in investigating the exchange’s fall.
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.
