10,000 Bitcoin Withdrawn From Wallet of Defunct Crypto Exchange Wex, Former BTC-e – Exchanges Bitcoin News

A large amount of cryptocurrency kept in a wallet associated with crypto exchange Wex, successor of the infamous trading platform run by alleged money launderer Alexander Vinnik, has moved for the first time since 2017. The 10,000 bitcoins in question, worth over $165 million, have been transferred to new addresses in several transactions. Bitcoin Stored … Read more

IMF calls for tighter crypto regulation in Africa as the industry unfolds

The International Monetary Fund (IMF) is calling for increased regulation of Africa’s crypto markets, one of the fastest-growing markets in the world, the global institution blog reported on Nov. 22. Among the reasons why countries in the region should embrace regulation, the monetary fund cited the collapse of FTX and its ripple effect on cryptocurrencies … Read more

Crypto is breaking the Google-Amazon-Apple monopoly on user data

For decades, banks and insurance firms employed the same mostly static but highly profitable and centralized business models. Also for decades, Big Tech firms such as Facebook, Microsoft, Amazon, Apple and Google have monopolized user data for their profit. However, blockchain projects could significantly challenge Big Tech’s grip on user data. In 2015, the future … Read more

Live news updates from November 22: Glazers mull Man Utd sale, Bankman-Fried ran FTX as ‘personal fiefdom’

Legal & General’s heads have laid the blame for the UK’s pension fund liquidity crisis two months ago squarely with the previous government’s “mini” Budget. The chief executive and chair of one of the UK’s biggest providers of liability-driven investment strategies defended their risk management and the use of leverage within these products. They granted … Read more

Tumbling Bitcoin Overshadows El Salvador’s Crypto Conference

SAN SALVADOR (Reuters) – 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 trend, has lost its luster this time amid a deep route in the digital currency universe. The absence of big names from the bitcoin world … Read more

Multicoin Lost More Than Half Its Crypto Fund’s Capital This Month: Sources

Cryptocurrency-focused asset manager Multicoin Capital lost more than half of its flagship fund’s capital in about two weeks. The drop of about 55% — one of the worst in Multicoin’s history — was triggered by FTX’s rapid descent into insolvency, according to three sources familiar with the matter. The figure excludes illiquid, side-pocketed, investments. The … Read more