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FTX Australia’s license suspended as 30K Aussies left in the lurch

November 16, 2022 by

Three members of a Sydney-based investment and advisory firm are assigned to help Australians impacted by the suspension of the local entity of Sam Bankman-Fried’s former crypto empire.

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Paradigm co-founder feels ‘deep regret’ investing in SBF and FTX

November 16, 2022 by

Some challenged whether the multi-billion dollar venture capital firm did enough due diligence on FTX prior to investment.

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Crypto stablecoin issuer Circle adds Apple Pay support

November 16, 2022 by

The stablecoin issuer said Apple Pay support allows traditional businesses to experience the benefits of crypto settlement while allowing crypto businesses to engage with non-crypto-using customers.

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FTX bankruptcy freezes millions worth of crypto company funds

November 16, 2022 by

Galois Capital, New Huo Technology, and Nestcoin are just some of the crypto firms with funds stuck on FTX as the exchange undertakes bankruptcy filings in the United States.

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Will SBF face consequences for mismanaging FTX? Don’t count on it

November 15, 2022 by

Lawmakers, regulators and even the institutional media don’t seem to have much interest in faulting SBF for using customer money to trade under the table.

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SBF winds down mystifying Twitter thread that said little over many hours

November 15, 2022 by

The disgraced banker of last resort has been displaying odd behavior on Twitter, leading to speculation about his intentions and mental condition.

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California AG issues warning-ladened guidance for public interested in buying crypto

November 15, 2022 by

In an effort to help consumers “avoid the hype, [and] get the facts,” Rob Bonta has created a page on crypto buying dominated by lists of scams, red flags and other unpleasantness.

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FTX fallout continues: BlockFi reportedly mulling bankruptcy, SALT pauses withdrawals and deposits

November 15, 2022 by

News of BlockFi’s potential bankruptcy filing comes only a day after the platform denied allegations that the majority of its assets were held on FTX.

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Yuga Labs acquires Beeple’s 10KTF game, hints at metaverse integration

November 15, 2022 by

Once the acquisition is completed, the company said that Beeple will be hired as an advisor for Yuga Labs.

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FDIC acting chair says no crypto firms or tokens are backed by agency

November 15, 2022 by

Martin Gruenberg answered affirmatively to Senator Bob Menendez that there were “no cryptocurrency firms backed by the FDIC” and its coverage did not include crypto “of any kind.”

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Thousands petition for congressional investigation of alleged Gensler–SBF links

November 15, 2022 by

Ripple defense lawyer John Deaton’s CryptoLaw website has a petition app, and readers are urging Congress to look into a suspicious meeting and other supposedly questionable links.

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SEC pushes deadline to decide on ARK 21Shares spot Bitcoin ETF to January 2023

November 15, 2022 by

“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change,” said the SEC.

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1inch seeks to optimize gas costs with its new v5 router

November 15, 2022 by

The new router features a number of updates, including an improved smart contract error processing system.

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Hive Blockchain revenue declines by 44% Y/Y despite overall mining production surge

November 15, 2022 by

The company mined 31% more Bitcoin than in the same quarter last year.

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NY Fed launches 12-week CBDC pilot program with major banks

November 15, 2022 by

Banking giants including BNY Mellon, Citi, U.S. Bank, and Wells Fargo will be issuing tokens and settling transactions through simulated central bank reserves as part of the pilot.

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Bahamas supreme court approves ‘provisional liquidators’ for FTX

November 15, 2022 by

The Securities Commission of the Bahamas said it had to act “given the magnitude, urgency, and international implications of the unfolding events with regard to FTX.”

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Bitcoin price hits $17K on US PPI as trader warns of ‘final capitulation’

November 15, 2022 by

Plenty of uncertainty about the future remains for the price of Bitcoin amid fresh signs that U.S. inflation is slowing.

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Exchanges delist FTX Token pairs from trading platforms

November 15, 2022 by

Binance, BitMEX and KuCoin have delisted FTX Token pairs from their crypto exchange platforms.

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FTX-owned crypto exchange Liquid halts all withdrawals

November 15, 2022 by

Sam Bankman-Fried’s FTX exchange acquired the Japanese crypto trading platform Liquid Group and its subsidiaries in February 2022.

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FTX bankruptcy filing speculates over 1 million creditors

November 15, 2022 by

In the latest bankruptcy filing for the exchange, it was revealed that there may be 1 million creditors, rather than the 100,000 initially estimated.

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Ukraine pro-crypto groups announce Web3 roadmap

November 15, 2022 by

A roadmap proposes the launch of a regulatory sandbox and the creation of a national blockchain-backed realty register

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FTX collapse is Trust Wallet Token’s gain — Why did TWT price soar 150% in six days?

November 15, 2022 by

An exodus from centralized cryptocurrency exchanges after FTX’s collapse appears to be the primary reason behind Trust Wallet Token’s massive rally.

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FTX hacker still draining exchange wallets? Analyst calls it on-chain spoofing

November 15, 2022 by

The FTX hacker managed to steal $477 million out of the $650 million moved on-chain on Nov.11 and currently holds $62 million in total assets.

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FTX debacle sees Nansen take stock of major exchange onchain holdings

November 15, 2022 by

Blockchain analytics firm Nansen has released an overview of major cryptocurrency exchanges’ onchain asset holdings and portfolios in the wake of FTX’s collapse.

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Trezor reports 300% surge in sales revenue due to FTX contagion

November 15, 2022 by

The hardware wallet firm is certain that the latest uptick in demand is a result of investors rescuing their funds in the aftermath of the FTX failure.

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Law Decoded, Nov. 7–14: How regulators reacted to the FTX crash

November 15, 2022 by

While some lawmakers expressed their eagerness to quick up the regulatory progress, others blamed the SEC in FTX’s monopoly.

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BTC losses get real as Bitcoin SOPR metric hits lowest since March 2020

November 15, 2022 by

Sale price versus price paid diverges the most in over two years — since the last Bitcoin “black swan” event.

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Crypto Twitter unhappy with SBF ‘puff piece’ pushed by mainstream media

November 15, 2022 by

While SBF refuses to interact with Crypto Twitter, the same community he once called home, he was featured in New York Times trying to explain the sequence of events that led to the fall of FTX.

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World population reaches 8 billion, but how many are in crypto?

November 15, 2022 by

The United Nations tipped the global population to tick over to 8 billion on Nov. 15, while the next billion isn’t coming for another 15 years.

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Sam Bankman-Fried’s weird, cryptic tweets attract even wilder theories

November 15, 2022 by

A series of strange tweets by former FTX CEO Sam Bankman-Fried caused widespread speculation on Twitter, but he claims he’s “improvising” and “making it up as I go.”

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