Are exchanges surviving the crypto winter?

As the crypto market stabilizes, centralized crypto exchanges have caused a stir for the better part of the year. Several exchanges have filed for bankruptcy, while others, such as FTX, have triggered a disastrous chain reaction. Following the FTX collapse, financial watchdogs have embraced the mission to regulate crypto.

Coinbase’s CEO moves for CEX regulation but not DeFi

Brian Armstrong, CEO of Coinbase, has advocated for stronger regulations on centralized crypto players. He believes that well-considered regulations will advance the industry as the market continues to recover from the devastation caused by FTX and its abrupt collapse.

Armstrong expressed hope that FTX’s decline will be the impetus to get new legislation passed, noting that “extra transparency and disclosure” checks are required for centralized actors because humans are involved.  Armstrong urged that the United States should begin stablecoin regulation. Brian suggests that once stablecoin regulation is resolved, regulators should target crypto exchanges and custodians.

$1.7 million in Bitcoin linked to QuadrigaCX resurge

Five wallets linked with the collapsed Canadian cryptocurrency exchange QuadrigaCX that were previously believed to be inaccessible have recently been observed transferring Bitcoin worth around $1.7 million. The five wallets responsible for transferring around 104 Bitcoins to other wallets on December 17 have not sent BTC Since at least April 2018.

QuadrigaCX declared bankruptcy in April 2019 following the death of its founder and CEO, Gerald Cotten, in December 2018. Gerald was entirely accountable for the private keys to the exchange's wallets. The BTC move calls for the legitimacy of Cottens' Death one, addressed in a Netflix documentary. Is he alive?

Elsewhere, BlockFi has filed a motion seeking approval from a United States bankruptcy court to permit its users to retrieve crypto assets now locked in BlockFi wallets. The court documents also want the authority to change the user interface to represent the platform’s paused transactions accurately. takes major steps into U.S. territory

Gate US, the United States division of the fourth-largest cryptocurrency exchange by trading volume, has secured operating licenses in “many” states, bringing it closer to establishing services in the country. According to its terms of service, it will not be accessible to New York, Hawaii, and Puerto Rico residents.

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