OKX reimburses $3M to users after alleged market manipulation incident, Binance unveils AI generated NFTs and FTX Japan users made whole.
$3M OKX airdrop, 1-hour due diligence on 3AC, Binance AI — Asia Express [cointelegraph]
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Binance ‘not planning any layoffs,’ 500 roles to be filled in H1 [cointelegraph]
A Binance spokesperson told Cointelegraph that they hired 600 people since January and have no imminent plans for layoffs.
FTX presentation shows ‘massive shortfall’ in firm’s assets [cointelegraph]
FTX and FTX US together have billions in deficits in their exchange wallets and fiat accounts, uncovered in a “huge effort” according to the exchange’s CEO.
SEC chair implies crypto exchanges may be ‘qualified custodians’ as new rule is drafted [cointelegraph]
Gary Gensler praises the SEC Investor Advisory Committee’s proposed rule on safeguarding advisory client assets, but thinks crypto firms may not be up to snuff.
SEC chair implies crypto exchanges may not be ‘qualified custodians’ as new rule is drafted [cointelegraph]
Gary Gensler praises the SEC Investor Advisory Committee’s proposed rule on safeguarding advisory client assets but thinks crypto firms may not be up to snuff.
UK banks HSBC, Nationwide to ban crypto purchases with credit cards: Report [cointelegraph]
The banks join a growing list of financial institutions in the country tightening restrictions on digital assets.
Sen. Elizabeth Warren and colleagues demand to see Binance’s balance sheets [cointelegraph]
Three United States senators have written a letter to the CEOs of Binance and Binance.US with a long list of objections to the companies’ perceived policies and actions.
US lawmaker behind crypto mining legislation urges Zuck not to offer metaverse to teenagers [cointelegraph]
A letter from two U.S. senators cited reports of Instagram being behind many teenagers experiencing suicidal thoughts, and Meta’s failure to stop harmful ads aimed at young adults.
Russian bank issues first on-chain bank guarantee in Chinese yuan [cointelegraph]
The transaction was performed through the Masterchain blockchain platform, which is the Russian national blockchain network.
US Treasury-led CBDC working group looking at technical issues, national interest [cointelegraph]
Treasury Under Secretary for Domestic Finance Nellie Liang examined some of the design issues that would shape a potential U.S. digital dollar.