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FTX’s new CEO John Ray coldly addresses SBF’s erratic tweets

November 17, 2022 by

The new CEO of FTX gave a curt statement in response to the series of intermittent tweets by former CEO Sam Bankman-Fried.

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FTX just imploded, and Jack Dorsey wants to talk about the next stage for crypto?

November 17, 2022 by

People need time to catch up before Jack Dorsey tries to launch the next generation of the internet.

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Tether says it has no exposure to Genesis Global or Gemini Earn

November 16, 2022 by

The stablecoin operator said the reliability of its reserves is important to highlight “at a time like this.” Tether has historically had issues with transparency.

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Tom Brady and other celebrities named in class-action lawsuit against FTX

November 16, 2022 by

Evidence suggests “FTX’s fraudulent scheme was designed to take advantage of unsophisticated investors,” according to the lawsuit.

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Sam Bankman-Fried updates investors: ‘We got overconfident and careless,’ claims $13B leverage

November 16, 2022 by

“I was on the cover of every magazine, and FTX was the darling of Silicon Valley,” said the former CEO on the crypto firm’s path to bankruptcy.

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Nike unveils NFT platform: Nifty Newsletter, Nov. 9–15

November 16, 2022 by

An image of the sandals worn by Steve Jobs was minted as a nonfungible token and sold for over $200,000.

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DeFi platforms see profits amid FTX collapse and CEX exodus

November 16, 2022 by

On-chain data flashed positive for DEXs and an increase in protocol revenue, even as markets corrected due to FTX’s insolvency.

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Blockstream CEO Adam Back talks Bitcoin over a game of Jenga

November 16, 2022 by

Back was one of the few people cited in the original Bitcoin whitepaper.

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Bybit releases reserve wallet addresses amid calls for transparency

November 16, 2022 by

The wallets seem to indicate that over $1billion worth of BTC, USDT, ETH, and USDC are held by the exchange.

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Price analysis 11/16: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, UNI, LTC

November 16, 2022 by

The recovery in BTC and altcoins fizzled out fast, suggesting that investors continue to maintain a risk-off stance to all cryptocurrencies.

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Terra Labs, Luna Guard commission audit to defend against allegations of misusing funds

November 16, 2022 by

The audit tracked efforts to defend the UST peg May 8-12 and no found wrongdoing. LFG used the data to draw conclusions about frozen funds.

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Ethereum price weakens near key support, but traders are afraid to open short positions

November 16, 2022 by

ETH price hovers at a key support level and while it is softening, data shows pro traders are reluctant to go short.

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Crypto skeptic Brad Sherman: federal financial regulators ‘sound like Sam Bankman-Fried’

November 16, 2022 by

The U.S. lawmaker suggested four financial regulatory heads had done little to address “crypto billionaire bros” using digital assets for the evasion of sanctions and taxes.

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Bitcoin price dips to $16.4K over Genesis woes as execs defend GBTC

November 16, 2022 by

The latest casualty of the FTX meltdown raises concerns over institutional investment fund, the Grayscale Bitcoin Trust (GBTC).

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FTX collapse was a ‘dumpster fire,’ says US lawmaker announcing investigative hearing

November 16, 2022 by

“There is no sugarcoating it: the FTX collapse has been a dumpster fire,” said House Financial Services Committee ranking member Patrick McHenry.

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27,000 requests last year: Collaboration key for Binance’s Investigations team

November 16, 2022 by

Binance’s Investigations and Intelligence team plays a role in helping global law enforcement agencies identify and combat crypto-related crime.

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Breaking: Crypto lender Genesis Global halts withdrawals

November 16, 2022 by

The troubled firm is also acting as the liquidity provider of Grayscale Bitcoin Investment Trust.

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Abu Dhabi grants Binance financial services permission, economist hits out

November 16, 2022 by

UAE’s capital city of Abu Dhabi has granted Binance permission to offer financial services, the latest in a series of regulatory approvals for the exchange in the Middle East.

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How are ‘lite’ versions of crypto apps helping adoption?

November 16, 2022 by

Crypto exchanges use technology and basic design principles to attract a new wave of users into the crypto ecosystem.

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zkSync developer Matter Labs raises $200M, commits to open-sourcing platform

November 16, 2022 by

Over 150 projects, including Chainlink, Uniswap and Aave, have signaled their intent to deploy on the layer-2 blockchain.

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FTX Bitcoin stash worth same as Mt. Gox 840K BTC before hack

November 16, 2022 by

The infamous Mt. Gox Bitcoin hack cost the same in U.S. dollar terms as FTX emptying its 20,000 BTC balance.

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US reportedly considering Bankman-Fried extradition for questioning

November 16, 2022 by

Authorities in both countries are reportedly in conversation about whether to bring the former FTX CEO back to the United States.

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FTX crisis could extend crypto winter to the end of 2023: Report

November 16, 2022 by

The crypto market might see “second-order effects” from counterparties that may have lent or interacted with either FTX or Alameda.

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Island nation turns to metaverse to preserve its disappearing heritage

November 16, 2022 by

The island of Tuvalu said it plans to build a digital version of itself in order to preserve its history as it faces erasure due to climate change.

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Bitcoin miners send less BTC to exchanges since 2020 halving despite FTX

November 16, 2022 by

FTX volatility only resulted in a brief uptick in miner sales on exchanges, with the trend already returning to normal.

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UAE regulator adopts blockchain to speed up commercial judgments

November 16, 2022 by

ADGM Courts aims to “massively transform the delivery of judicial services,” said CEO Linda Fitz-Alan while introducing blockchain technology for commercial courts.

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Tim Draper still positive on $250K Bitcoin price prediction in 2023

November 16, 2022 by

The collapse of FTX crypto exchange has nothing to do with the success of Bitcoin because BTC is decentralized, and FTX was not, Tim Draper said.

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US national crypto laws should look like New York’s, says state regulator

November 16, 2022 by

The superintendent of the New York Department of Financial Services highlighted her state’s stringent standards as the blueprint for federal legislation.

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FDIC to prioritize crypto risk assessment as banks perform poorly in Q2

November 16, 2022 by

With banks reporting $470 billion in unrealized losses and FDIC foreseeing the continuation of this trend, acting chairman Gruenberg believed banks must cautiously engage in crypto-asset activities.

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Solana entities sold 50M tokens to FTX — How long will SOL price suffer?

November 16, 2022 by

Most of FTX’s Solana exposure stands vested, meaning the defunct exchange will gradually gain access to millions of SOL up until January 2028.

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