Bitcoin will shrug off FTX ‘black swan’ just like Mt. Gox — analysis
There might not be much new to worry about when it comes to the FTX aftermath and Bitcoin resilience.
Crypto
Binance CEO CZ on FTX crash: “We’ve been set back a few years”
With one of the biggest crypto businesses falling overnight after getting caught misappropriating user funds, CZ believed the episode was devastating for the industry, which took away a lot of consumer confidence.
Tether blacklists $31.4M USDT following FTX’s alleged hack, Musk reacts
Billionaire entrepreneur Elon Musk, who recently purchased Twitter in hopes of unleashing the platform’s full potential, acknowledged Twitter’s contribution in tracking down the FTX developments in real time.
Elon Musk Reveals Talks With Sam Bankman-Fried: “My Bullshit Meter Was Redlining”
In a late-night Twitter Spaces on Saturday, Musk said his “bullshit meter was redlining” when he met former FTX CEO Sam Bankman-Fried and urged users to store their crypto holdings on cold wallets.
Crypto Fund Galois Capital Has Half of Its Capital Trapped on FTX
According to co-founder Kevin Zhou, the locked funds total around $40 million.
Bitfinex CTO releases proof of reserves amid FTX bankruptcy fiasco
Over the past few days, major crypto exchanges, including Binance, OKX, Kucoin and Crypto.com, committed to sharing their proof of reserve to regain investor confidence.
Tether Blacklists Mysterious FTX Wallets as Account Drainer Liquidates MATIC, LINK, AVAX Holdings
The exchange’s public wallets hold just over $52,000, data shows.
Here’s How Much FTX Owes Miami After Arena Sponsorship Cancellation
The contract between FTX and Miami-Dade County says FTX must pay the County three years of fees in the event of default.
FTX funds on the move: bankruptcy proceedings, insider threat or a hack?
The wallet address in question received funds from various international and U.S.-based wallets linked to FTX, which amassed over 83,878.63 ETH (worth over $105.3 million) in just two hours.
FTX Crypto Wallets See Mysterious Late-Night Outflows Totalling More than $380M
More than $380 million in crypto left FTX and FTX US wallets late Friday.
Miami HEAT Arena Balks at FTX Naming Rights, Ending 19-Year Deal Early
Miami-Dade County terminated its relationship with the exchange.
Worldwide Webb founder explains the role interoperability will play in Web3
NFT Steez chats with Worldwide Webb founder Thomas Webb to discuss the future impact of interoperability in Web3 and the Metaverse.
Market Wrap: Bitcoin Returns to Red, Tumbling 7% on FTX Collapse
Other cryptos also fell as investors digested the latest developments in the crypto exchange giant’s unraveling. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
Crypto Bank Silvergate Capital Surges on Lack of FTX Exposure
The lender said it has no outstanding loans nor investments in the bankrupt crypto exchange.
GameStop to End FTX.US Ties, Refund Customers
GameStop customers who have FTX gift cards will be given refunds.
FTX’s Fall Will Lift the Next Generation of Bitcoin Maximalists
The Bahamas-based crypto exchange’s fall from grace could open the door for die-hard supporters of the most popular digital currency in the industry’s ecosystem.
Genesis receives additional equity infusion of $140M following recent market events
According to the company, this will bolster its position as a global leader in crypto capital markets.
Dogecoin is on the cutting edge of future assets
Ephemeral aspects of pop culture are becoming tradable commodities. That phenomenon will only grow in the years ahead.
MakerDAO Risk Core Unit makes urgent parameter change request in light of recent market events
The proposed change would prevent certain coins that have fallen in value recently from being used as collateral.
‘Need to update my LinkedIn’ — FTX Ventures head resigns: Report
Amy Wu’s resignation followed the news 134 companies associated with the FTX Group would be filing for bankruptcy under Chapter 11 in the United States.
Bankrupt Crypto Lender Voyager Reopens Bidding Process Following FTX’s Collapse
Voyager Digital is ending the deal to sell itself to FTX US after the latter also declared bankruptcy on Friday.
3 key crypto price events to watch in the wake of the FTX and Alameda debacle
FTX and Alameda’s Ponzi-like trading scheme has dealt a heavy blow to the entire crypto industry. Here are three developments to keep a close eye on.
FTX US suspends withdrawals, according to on-chain data
The development comes less than 24 hours after the platform issued an advisory urging its users to close down trading positions
California Finance Regulator Revokes BlockFi’s Lending License
California’s Department of Financial Protection and Innovation announced Friday it was moving to revoke BlockFi’s lending license.
Billionaires lose billions: What’s happening with Elon Musk and Sam Bankman-Fried?
Sam Bankman-Fried no longer qualifies for a listing on the Bloomberg Billionaires Index, while Elon Musk’s reported net worth has dropped by more than $86 billion in recent days.
Meet the Metaverse Night Club–Loving Audit Firm That Presided Over FTX’s Financials
FTX auditor Prager Metis reported the company earned $1 billion in revenues in 2021. An investigation from CoinDesk reveals Prager Metis also operates in Decentraland, where it sponsors the “Decentraland Babydolls.”
Total crypto market cap drops to $850B as data suggests further downside
The crypto market managed an 11% bounce from the Nov. 9 low, but a handful of metrics show a severe lack of investor confidence.
Crypto.com Preliminary Audit Shows That 20% of Its Assets Are in Shiba Inu Coin
As large crypto exchanges push to prepare “proof-of-reserves” audits, an initial effort reveals just how much of Crypto.com’s reserves are in the dog-inspired meme ERC-20 token, SHIB.
From Enron to FTX: Wall Street Turnaround Titan John Jay Ray III Takes Reins from FTX CEO Sam Bankman-Fried
Sam Bankman-Fried handed over control of his company to the veteran Wall Street bankruptcy lawyer who will guide the company’s Chapter 11 process.