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.