The attorneys representing SBF have reportedly submitted another bail application days after the initial attempt was turned down. According to Reuters, the disgraced founder of FTX, Sam Bankman-Fried, has reportedly submitted another application to the Bahamas Supreme Court, requesting approval to be released on bail. SBF’s Attorneys Have Submitted a Second Bail Application Sources close to the matter…

The US SEC has reiterated its decision to deny Grayscale’s spot Bitcoin ETF application, causing Bitcoin to dip below $17k, erasing all its weekly gains. The US Securities and Exchange Commission has reiterated its decision to reject Grayscale’s application to convert its Bitcoin Trust into a spot Bitcoin ETF. In…

Mazars, the auditing company used by major cryptocurrency exchanges, appears to have discontinued its crypto auditing service. Crypto Twitter received another shocker today following reports that the prominent audit and accounting company, Mazars, has unexpectedly discontinued its auditing services for cryptocurrency companies. Mazars Pauses Crypto Audit According to WuBlockchain, which cited Bloomberg’s report, Mazars…

Lawyers representing FTX are asking for approval from the US bankruptcy court for Delaware to sell four of its still-solvent businesses before they lose value. FTX’s image might have been irreversibly damaged after its collapse in November and the eventual arrest of its founder and former CEO, Sam Bankman-Fried, in…

CryptoQuant has scrutinised Binance’s reserves on-chain and concluded that they are not showing ‘FTX-like behaviour at this point.’ The team at CryptoQuant, one of the leading on-chain data and analytics providers, has dug deep into the proof-of-reserves report shared by the leading crypto exchange, Binance. Binance Customer Balances Collateralized at a 101% Ratio According to the CryptoQuant team…

Former US President Donald Trump unveiled today a new NFT trading card collection featuring the ‘amazing art’ of his life and career. Each NFT will retail for ‘only $99!’ The 45th US President, Donald Trump, announced today via his social media platform Truth Social that he was launching a new…

A study by Blockchain analytics firm Chainalysis revealed that the amount of losses investors incurred due to the bankrupt crypto exchange FTX’s saga is far less than those recorded due to similar events earlier this year. FTX Saga Not as Bad as Previous Crises in the Year According to a blog post, Chainalysis believes that the effects of FTX’s collapse are…

The co-founder of Animoca Brands Corp. believes that the arrest of Sam Bankman-Fried might have brought some relief for the crypto community, who are probably cheering it on. Yat Siu, the co-founder and chairman of crypto investor and game developer Animoca Brands Corp., believes that many in the digital asset…

United States-based financial services company B. Riley has offered embattled Bitcoin mining firm Core Scientific $72 million to fix its debt issues and avoid bankruptcy. B. Riley Offers Core Scientific $72M According to a press release, B. Riley made the offer in an open letter addressed to Core Scientific shareholders and lenders, seeking to provide liquidity…