Search
Crypto survived worse than the fall of FTX: Chainalysis
24.11.2022
According to Chainalysis, the downfall of FTX is likely to have a relatively smaller effect on the crypto ecosystem than the demise of Mt. Gox
NYC Mayor Undeterred by FTX Collapse — Insists Crypto Is an Industry ‘We Must Embrace’
24.11.2022
The mayor of New York City, Eric Adams, is not discouraged by the collapse of crypto exchange FTX and heavy market sell-offs. Noting that crypto is coming whether we like it or not, he stressed the importance of moving into this space. NYC’s Mayor on FTX Collapse and the Importance...
US Lawmaker: FTX Collapse Isn’t a Crypto Failure — It’s a Failure of SEC, Bankman-Fried, Centralized Finance
24.11.2022
U.S. Congressman Tom Emmer says the FTX meltdown is not a crypto failure but a failure with SEC Chairman Gary Gensler, former FTX CEO Sam Bankman-Fried, and centralized finance. “We need to get to the bottom of this. We need to understand why Gary Gensler and the SEC were not doing their...
Kraken’s Jesse Powell Takes Aim at Newly Launched Proof-of-Reserve Lists, POR Audit ‘Requires Cryptographic Proof’
23.11.2022
On Tuesday, amid the many conversations concerning crypto exchange proof-of-reserves, Kraken executive Jesse Powell shared a screenshot of coinmarketcap.com’s newly launched proof-of-reserves (POR) dashboard. Powell said he planned to be “more assertive with calling out problems,” and he stressed...
Industry confident in NFTs amid FTX collapse: Nifty Newsletter, Nov. 16–22
23.11.2022
Despite the effects of the FTX debacle, many industry players remain positive and hopeful that NFTs will recover
FTX Contagion Revives Dreaded 2022 Crypto Knell – The ‘Withdrawal Halt’
23.11.2022
The downfall of the FTX exchange has caused a domino effect: a growing list of crypto firms, such as BlockFi and Genesis, halting withdrawals. CoinDesk counts 15 of these announcements just this year
US lawmakers ask DOJ hold FTX execs accountable 'to the fullest extent of the law'
23.11.2022
“The fall of FTX was not simply a result of sloppy business and management practices, but rather appears to have been caused by intentional and fraudulent tactics," said the letter
Bankruptcy Lawyers Say FTX Was Operated by ‘Inexperienced and Unsophisticated Individuals’
23.11.2022
On Tuesday, the attorneys representing FTX told the court that a “substantial amount of assets have either been stolen or are missing” and further stressed to the bankruptcy court that FTX executives left the lawyers James Bromley and Sullivan Cromwell with limited information. Bromley further...
Sam Bankman-Fried is 'deeply sorry' for collapse in letter to FTX team
23.11.2022
The former CEO described his role in the exchange's downfall as a failure in oversight, saying he should have been "more skeptical of large margin positions."
Blockchain VC funding halves in October despite some strong raises
23.11.2022
VC funding continues to decline, but Uniswap bucks the trend by drumming up $165 million in a Series B round
What Is a Crypto Exchange Token and How Did It Help Blow up FTX?
23.11.2022
Senator Warren Demands Sam Bankman-Fried, FTX Execs Be Held Accountable to 'Fullest Extent of the Law’
23.11.2022
U.S. Senators Elizabeth Warren (D-Mass.) and Sheldon Whitehouse (D-R.I.) signed onto the Wednesday letter to Attorney General Merrick Garland
Elon Musk Slams Semafor’s ‘Journalistic Integrity’ — Tesla Exec Says ‘Semafor Is Owned’ by FTX Co-Founder Sam Bankman-Fried
23.11.2022
Following the significant amount of criticism directed at mainstream media publications for a lack of journalistic integrity while reporting on FTX executives, Tesla’s executive Elon Musk called out the news website Semafor because the former FTX CEO Sam Bankman-Fried (SBF) was a lead investor....
Tether vs. USD Coin on-chain data reveals two very different stablecoins
23.11.2022
The market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion
Considering FTX’s bankruptcy, crypto wallet SafePal sees historic sign-ups
23.11.2022
Following FTX’s bankruptcy, SafePal, a distributed pocket firm supported by Binance that offers equipment, and add-on wallets, had claimed record levels of new customers. From November 11, the site has witnessed a 10x spike in traffic, and over the same time, SafePal’s web3 electronic...
Venture Capital Firm Sequoia Apologizes to Fund Investors for $150 Million Loss on FTX
23.11.2022
In a rare move, American venture capital firm Sequoia Capital reportedly apologized to its fund investors for the $150 million it had lost on the now-bankrupt crypto exchange FTX.
The apology was reported by the Wall Street Journal, citing people familiar with the matter. Sequoia’s partners...
Bitcoin, Ethereum Technical Analysis: Bitcoin Rebounds, Coinbase Confirms Holding 2 Million BTC
23.11.2022
Bitcoin moved back above $16,000 on Nov. 23, as markets continued to react to the news that Coinbase holds 2 million bitcoin worth $39.9 billion. Centralized exchanges continue to face scrutiny following the collapse of FTX, with many moving to showcase their proof of reserves. Ethereum was also...
First Mover Americas: FTX’s First Hearing, Genesis Seeks Help
23.11.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 23, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Crypto awakening: Researcher explains ETH exodus from exchanges
23.11.2022
On-chain analytics show that ETH and stablecoins have been flowing out of centralized exchanges in the aftermath of FTX’s collapse
A 'Substantial Amount' of Money is Missing Says FTX Lawyer – Is it Missing or Has it Been Stolen?
23.11.2022
A “substantial amount” of the failed crypto exchange FTX’s assets are either missing or have been stolen, said the exchange’s lawyer in court.
According to the Wall Street Journal, this statement was made by said James Bromley, counsel to FTX’s new management, during a bankruptcy hearing...