Binance Announces Crypto Recovery Fund, Is Self-Regulation Coming?
Binance CEO Changpeng Zhao said the exchange will launch a crypto recovery fund to reduce the impact of the FTX collapse.
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Binance CEO Changpeng Zhao said the exchange will launch a crypto recovery fund to reduce the impact of the FTX collapse.
The U.S. central bank is expected to again hike rates by 75 basis points on Wednesday.
Prices quickly recovered after developers determined that a technical API issue, not a security breach, catalyzed the heavy sell-off.
Since halting user withdrawals three weeks ago, CoinFLEX has announced plans to reclaim up to $84 million in owed funds.
CoinFLEX is moving quickly to retrieve as much liquidity as it can from a debacle that has left it $84 million short due to a delinquent account held by an unnamed whale.
With Bitcoin’s impressive recovery characteristic, could having it and other digital assets in an investment portfolio speed up the recovery time of the entire portfolio?
CoinFlex CEO Mark Lamb said the exchange needs more time to reopen its platform for user withdrawals.
Roger Ver, who did not mention CoinFLEX by name, said he was not “delinquent on his counterparty” and claimed the platform owed him “a substantial amount of money.”
The crypto lender issued a no-liquidation account to an unnamed whale on the condition that the account would never go negative, but that plan has backfired.
Launching on the Polygon network, the LifeChain platform is intended to vastly reduce occurrences of fraud within the U.S healthcare system.