Binance has released its proof-of-reserves system, starting with bitcoin, in order to show that the exchange is healthy and solvent.

In a major win for stakeholders of the crypto-industry, the Financial Services and Markets Authority (FSMA) of Belgium has clarified that Bitcoin, Ethereum, and other decentralized cryptocurrencies do not qualify as securities.

The FTX attacker turned to ChipMixer to launder funds and already washed around 360 Bitcoin (BTC), according to on-chain sleuth ZachXBT.

Crypto markets have historically been cyclical based on Bitcoin halving events. Bitcoin halvings happen every time 210,000 blocks are mined — roughly every four years. The last halvings occurred in 2012, 2016, and 2020.

After the FTX collapse, there should be constant chatter concerning proof-of-reserves and financial audits of the crypto trading platforms.

Cryptocurrencies without an issuer such as bitcoin (BTC) and ether (ETH) are not securities, Belgium’s <a href="https://www.fsma.be/en/news/classification-crypto-assets-securities-investment-instruments-or-financial-instruments" target="_blank">Financial Services and Markets Authority</a> said Thursday.

Mathew Ferranti, a PhD candidate, published a <a href="https://sites.google.com/view/matthewferranti/research?pli=1">paper</a> that has caused a small stir amongst Bitcoin enthusiasts as it called on governments to add the asset class as part of their reserves. Titled “Hedging Sanctions Risk: Cryptocurrency in Central Bank Reserves”, Ferranti makes a strong case for nations facing sanctions risk to hold BTC.

More than 100 people were arrested in what the London’s Metropolitan Police <a href="https://news.met.police.uk/news/more-than-100-arrests-in-uks-biggest-ever-fraud-operation-457840" target="_blank">calls</a> “the UK’s biggest ever fraud operation” after taking down a fraud website called iSpoof used on 200,000 potential victims in Britain alone.&nbsp;

Crypto markets appear to have turned a corner after the collapse of Sam Bankman-Fried's crypto empire.

Crypto prices were relatively unchanged after rising ahead of the Federal Reserve minutes yesterday.&nbsp;