Bankman-Fried reportedly used billions in FTX funds to bail Alameda Research
This follows previous reports that FTX trades with users' funds.
Business
Cryptocurrency exchanges are promising to publish proof-of-reserves
At least nine leading exchanges have made commitments to publish their reserve certificates following the insolvency fears at FTX.
Binance to acquire FTX.com in a shock-inducing move after a $6 billion liquidity crisis
FTX is said to be experiencing a “liquidity crunch.” Binance's decision to sell its FTT holdings had triggered a bank-like run on FTX. Read on for the details.
Five African projects receive grants from Interledger Foundation
The projects are to build financial services products on the Interledger protocol.
Nigerian blockchain association launches BACFID to support local innovators
The platform seeks to provide access to funding and support to local blockchain and crypto entities.
Fear of scams and lack of information plagues Web3 gaming, survey reveals
Coda Labs surveyed 6,921 people from five countries to determine their perception of crypto, NFTs and Web3 gaming.
Buycoins parent company Helicarrier acquires stake in crypto savings app Accrue
Accrue was founded by ex-Helicarrier employees, and Helicarrier was the first investor in Accrue.