Former FTX general counsel Can Sun, who was a key witness in the Sam Bankman-Fried trial, and former Alameda Research software developer Armani Ferrante are building a Dubai-based exchange called Backpack Exchange.
Bithumb is aiming to close the market-share gap with fellow exchange Upbit, which has over 80% of the South Korean market.
Several countries with a sizeable interest in crypto, such as Turkey, India, China, Russia and all African nations, are not signatories to the statement.
CME’s rise to the top rank highlights the growing institutional demand for bitcoin, as the venue is almost exclusively used by large traditional financial institutions, one analyst noted.
“Do it within the law,” Gensler said in relation to reports of buyers emerging for the failed crypto exchange.
The government lost $420 million in potential revenue and failed to improve transparency because the tax regime prompted as many as 5 million crypto users to shift transactions offshore, a new study found.
Over $62 million in bitcoin shorts were liquidated in the past 24 hours, contributing to higher prices.
The latest price moves in crypto markets in context for Nov. 7, 2023.
The $30 million transfer takes the total SOL moved to exchanges to $102 million, the most out of any liquid asset, while the token’s price is near the highest in a year.
SOL has gained over 50% in two weeks with buyers from Coinbase playing a major role in powering the cryptocurrency higher.