After being threatened of receiving a subpoena, FTX founder finally agreed to testify before the Congress.

The probe relates to the suspicions “unlicensed money transmission, money laundering conspiracy, and criminal sanctions violations” by Binance.

The NYTimes report noted that there was a flood of sell orders for TerraUSD (UST) from crypto exchange FTX in May this year.

The Bank Indonesia has planned a three-phase rollout of Digital Rupiah for wholesale use as well as retail use. It also wants to ensure that the Digital Rupiah is used for cross-border transactions.

The banking giant said that they are keen to spot some long-term opportunities amid a massive shakeout in the crypto sector.

Elon Musk hints at bringing Dogecoin (DOGE) payments to Twitter. Lefts ban on several accounts tweeting about DOGE.

Coinbase accused Apple of introducing new policies to protect their profits at the expense of consumer investment in NFTs.

Pavel Durov said that it time blockchain-based projects get to its roots of decentralization and so all digital assets should move to self-hosted wallets.

The new bill will legalize the use of digital assets in the country while introducing regulations and safeguarding measures for all the stakeholders in the process.

BlockFi further added that it has US$256.9 million in cash on hand. The crypto lender believes that this would be sufficient to support certain operations during the restructuring process.

Vladimir Putin said that the new payments system will be completely independent of banks and any third-party interference.

Binance has already pledged $1 billion to the recovery fund and would ramp up that amount to USD 2 billion in the near future if the need arises.

The Bitcoin transfers was split into several smaller transactions moving them to wallets not linked to any major custodial service.

Since the beginning of November, whales have been accumulating Litecoins (LTC) in massive quantities serving as a catalyst for the LTC price.

The Coinbase bond is trading at 50.5 cents on the dollar raising investors’ concerns of a potential likelihood of default.

Grayscale said that all of its assets are currently with Coinbase’s cold storage custodial solution and not viable for them to provide wallet addresses citing security concerns.

The U.S. House Committee will conduct a hearing next month to gauge the implications of FTX collapse over the entire crypto space.

The bank study shows that a staggering 73-81% of retail investors have likely lost money on their initial Bitcoin investment.

With the FTX crisis, Bitcoin and Ethereum holders have moved their coins off exchanges preferring self-custody.

CZ proposed that the new industry recovery fund would help at salvaging crypto projects facing liquidity crisis.