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Five Bitcoin addresses with ties to QuadrigaCX – a defunct Canadian Bitcoin exchange – are seeing some renewed activity.  According to on-chain sleuth ZachXBT, about 104 Bitcoin worth roughly $1.7 million unexpectedly moved on December 17 from five wallets connected to QuadrigaCX. The last time funds had moved from those addresses was in April 2018.  A nearly identical number of Bitcoin moved from Quadriga-controlled wallets on February 16, 2019, according to an Ernst and Young report. They moved to wallets…

In a Monday press release, bankrupt crypto brokerage firm Voyager digital revealed which company won the bid for its assets. Per the publication, exchange platform Binance.US made the highest bid for the troubled lender’s assets. This means Binance.US will acquire Voyager’s assets for approximately $1.022 billion. Voyager Chooses "Best Deal" for Customers The Binance.US bid covers the fair market value of the lender’s crypto portfolio. Currently, the market value of Voyager’s holdings rests at about $1.002 billion. As such, Binance.US’s…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $807 billion. Bitcoin lost almost 3% during a highly volatile week. Ethereum decreased by 7% over the past seven days. XRP lost nearly 9% of its value this week. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector maintains the total value protocols (TVL) at around $41 billion.…

Global audit corporation Mazars has withdrawn its services from all companies in the crypto sector. Mazars' withdrawal comes barely two weeks after its public audit of the Binance exchange.  Mazars’ Exchange Auditing Tool Shut Down Per the release, a Binance spokesperson confirmed the news of Mazars’ latest move in a statement on Friday. Going forward, the accounting firm will not conduct business with crypto customers in the US or anywhere in the world. Naturally, the reportedly temporary pause extends to…

This debate is settled for Bitcoin, Charles. Quit spreading FUD.   Last Saturday, Cardano founder Charles Hoskinson had some spicy predictions regarding the crypto regulatory situation in the United States. https://twitter.com/Cryptoinsightuk/status/1601825391777222656?s=20&t=egRYYahM45VgAT5uzrcMHg His first was that Ripple’s long-standing lawsuit with the Securities and Exchange Commission (SEC) could settle as soon as December 15th. That didn’t happen.  His second was that Bitcoin (BTC) might be regulated by the agency as a security if Cardano (ADA) were to be labeled as such. That…

Media personality Jim Cramer voiced his support for Binance in a Twitter post amidst negative speculation surrounding the firm. Cramer stated that he felt reassured by Binance and asked his followers if they shared the sentiment.  CZ Says No to Cramer Endorsement Binance CEO Changpeng Zhao responded to the tweet, alluding to the long-running inverse Cramer strategy. Cramer is widely-known to represent the consensus view in market trends, a position that rarely ever yields returns. This reputation has birthed two…

To prevent another FTX-like blowup, the Financial Stability Board (FSB) is preparing a global framework for crypto companies to be regulated like banks.  Its worldwide policy recommendations are expected to be laid out by early 2023, and enacted soon after. Responding to FTX As FSB secretary general Dietrich Domanski told the Financial Times, The board is already in “strong agreement” about the way forward for industry regulation. The goal, he said, is to have crypto service providers “held to the…

Some of the crypto community’s biggest voices are worried that Binance, the world’s largest crypto exchange, is in financial trouble. Faced with record-high withdrawal requests, influencers debate whether the exchange will soon collapse in the same fashion as FTX.  On Tuesday, Binance faced billions of dollars in withdrawal pressure, which CEO Changpeng Zhao passed off as “business as usual” for the exchange.  CZ added: I actually think it is a good idea to “stress test withdrawals” on each CEX on…

In a Tuesday press release, the US Securities and Exchange Commission announced charges against disgraced FTX founder Sam Bankman-Fried. The charges come shortly after Bahamian authorities took custody of the ex-CEO of the now-defunct exchange. SBF Falsely Promoted FTX The SEC’s complaint pointed out that Bankman-Fried had pushed his exchange platform as a reliable option for crypto trading. As such, since May 2019, the Bahamas-based firm was able to raise over $1.8B from equity investors. About $1.1B of this reportedly…