Blockchain and Crypto News

Don’t miss real-time updates

Decentral Block Post

Access real-time blockchain and cryptocurrency news updates from around the globe.

Chainlink Labs offers Proof of Reserve service for embattled exchanges

The company claimed its PoR product can restore trust in crypto exchanges through greater transparency, but not everyone is convinced.

FTX US announces it may halt trading on its platform in a few days

According to the FTX US, “Withdrawals are and will remain open.”

Financial group CEO claims he tried to warn Bankman-Fried about insolvency in July

Richard Handler alleged that he offered restructuring services to FTX that might have saved it, but exchange reps refused to meet with him.

New tool mirrors Optimism NFTs to Ethereum mainnet for use in verified apps

NFTs from Layer 2 were not previously recognizable to apps like Twitter.

LayerZero Labs bought back its stake from FTX Ventures and Alameda

The protocol announced an agreement that bought out 100% of FTX Ventures and Alameda Research's equity position.

‘Thank God’ El Salvador doesn’t have any Bitcoin on FTX, CZ clarifies

The Binance CEO added that the amount of misinformation going around now is “insane.”

BREAKING: FTX appears to have resumed withdrawals Blockchain data shows

Transactions appear to be leaving the FTX hot wallet at a rate in the single digits per minute.

Report: Tether freezes $46M of FTX's USDT on Tron blockchain, setting new precedent

Tether has thus far only frozen USDT funds held in private wallets when requested by law enforcement.

OpenSea to enforce creator royalty on all collections after community outcry

The NFT marketplace has clarified its stance on creator royalties after receiving significant public backlash from an earlier post.

Sequoia Capital marks down entire $214M FTX stake to zero

The venture capital firm assured partners it ran a rigorous due diligence assessment when it invested in FTX, finding the exchange to generate $1 billion in revenue and $250 million in operating income.

SBF tells investors FTX needs $8B in emergency funding: WSJ

According to reports, FTX CEO Sam Bankman-Fried asked investors for emergency funding to cover an $8 billion shortfall during a Nov. 9 investors call.

FTX website comes back online with message advising against deposits

Neither FTX CEO Sam Bankman-Fried nor any FTX official has provided its users with clarity as to why FTX’s website was taken down.

OKX, Kucoin say proof of reserves will be ready in a month

Similar protocols are used by Kraken, Bitmex, Gate.io, and many other exchanges, but were not used by FTX.

FTX's Binance rescue deal falls apart in less than 48 hours

Binance cited allegations of mishandling of consumer funds and investigation from regulators as reasons for exiting the agreement.

Nexo dodges $219M bullet just days before FTX’s solvency crisis

The firm withdrew its remaining balance from FTX at the 11th hour and topped weekly fund outflows from the troubled exchange.

Galaxy Digital discloses $77M exposure to FTX, $48M likely locked in withdrawals

The exposure amounts represents a small fraction of the firm's $1.5 billion in liquidity.

L2 is crucial to Ethereum decentralization, censorship resistance, says researcher

Swedish researcher Eric Wall highlighted StarkNet’s influence on Ethereum’s scalability as he joins the board of the newly formed StarkNet Foundation.

Blockchain intelligence firm TRM Labs raises $70M in expanded Series B round

Private equity firm Thoma Bravo led the expansion round, bringing the total amount raised to $130 million.

Binance tops up SAFU fund at $1 billion amid price fluctuations

Binance CEO CZ took to Twitter to assure users that the crypto exchange's insurance funds have been topped off at $1 billion as the debacle with FTX rages on.

Middle East, Asia and Africa blockchain association launches in Abu Dhabi

A new blockchain body has been launched with the backing of industry leaders in the Middle East region including figures from Binance, Crypto.com, and the largest crypto exchange in the region.

Image