Search
US House Committee to Hold Hearing on FTX Collapse – Regulation Incoming?
17.11.2022
The US House Financial Services Committee plans to investigate the collapse of FTX and hold a hearing on the matter next month.
Current Chair and Congresswoman Maxine Waters, D-Calif., and Congressman Patrick McHenry, R-N.C., announced the hearing in a joint statement on Wednesday, saying that...
MasterCard, Citigroup and Other Global Banking Giants Start Digital Dollar Pilot With New York Federal Reserve
16.11.2022
Global financial services giants such as MasterCard, Citigroup, and others are joining hands with the Federal Reserve Bank of New York to start a 12-week-long pilot for a digital dollar system.
The pilot dubbed the “regulated liability network,” will be conducted in a test environment using...
Citi Analyst Joseph Ayoub Warns of Serious Contagion Risks From FTX Implosion, Here’s What Could Happen
16.11.2022
As collapsed exchange FTX is advancing through its voluntary Chapter 11 bankruptcy proceedings, some market observers are concerned over the risk of a broader contagion spreading across the crypto ecosystem, according to Joseph Ayoub, an analyst at international financial industry player...
Billionaire Charlie Munger Condemns Cryptocurrencies Following FTX Collapse, Says ‘I Think It’s Totally Crazy’
16.11.2022
Berkshire Hathaway’s Vice Chairman Charlie Munger has long voiced his criticism of crypto, with a particular focus on bitcoin (BTC). Unsurprisingly, the ongoing market downturn and the abrupt collapse of major exchange FTX have further pushed the investor over the brink....
Read More: Billionaire...
New Development: Sam Bankman-Fried is Attempting to Raise New Capital to Fix FTX Problem
16.11.2022
Founder and former CEO of FTX Sam Bankman-Fried is striving to raise fresh capital in a bid to make customers whole despite bankruptcy filings.
In a recent Twitter thread, he is "meeting in-person" with both potential investors and regulators to do what they can for customers. "And after that...
Team Vitality and Tezos unveil V.Hive, a blockchain-based esports
16.11.2022
Team Vitality is excited to introduce V.Hive, the first mobile app with support-to-earn in blockchain-based esports. This revolutionary app has been built on the most sophisticated blockchain in the world, Tezos. The mobile app has been made accessible on both iOS and Android platforms. V.Hive...
South Korean Regulator Set to Launch Crypto Auditing Guidelines
16.11.2022
South Korea’s financial regulator has revealed that it wants to introduce auditing guidelines for crypto-related firms – in response to the Terra-LUNC “incident” and the fall of FTX....
Read More: South Korean Regulator Set to Launch Crypto Auditing Guidelines
Crypto Lender BlockFi Pauses Platform Activity, Prepares for Bankruptcy Amid FTX Drama
16.11.2022
Crypto lender BlockFi has continued to pause withdrawals amid the fallout of cryptocurrency exchange FTX, saying that they are exploring all scenarios to find the best path forward....
Read More: Crypto Lender BlockFi Pauses Platform Activity, Prepares for Bankruptcy Amid FTX Drama
Aurora Network integrates with Fireblocks
16.11.2022
The Aurora ecosystem has now joined forces with Fireblocks. As a result, all institutional users on the network will have a better chance of linking up with swift and very cost-effective means of handling their own financial matters. This will provide them with further assurance that all safety...
This Crypto Asset Management Firm Says ‘Large Majority’ of Funds are Stuck on FTX – Who Else Was Affected?
15.11.2022
The crypto asset manager Ikigai has admitted that it held “a large majority” of its assets on the now-defunct crypto exchange FTX, saying it “got very little out” before the collapse. But the company is far from only one with exposure to Sam Bankman-Fried’s once-mighty empire....
Read More: This...
Sam Bankman-Fried Posts Cryptic Tweet Thread – Has He Been Hacked?
15.11.2022
A strange Twitter thread from FTX co-founder Sam Bankman-Fried is raising eyebrows in the community, with some now wondering if his Twitter account has been hacked. But according to Bankman-Fried himself, he’s just “improvising.”
The thread from the former FTX boss, known in crypto circles simply...
Rosen Bridge is now live on Ergo and Cardano
15.11.2022
In recent times, Ergo has experienced a variety of highly favorable and extremely beneficial advancements that are fascinating. The Rosen Bridge being placed live on the Cardano and Ergo are, however, the most noteworthy of any of these developments. This event is currently taking place in the form...
Defunct Billion-Dollar Crypto Hedge Fund Three Arrows Capital Speaks Out, Blames Collapse on FTX
15.11.2022
Kyle Davies, founder of the collapsed crypto fund Three Arrows Capital (3AC), has lashed out at FTX, claiming that the exchange hunted their positions during the LUNA collapse.
Speaking on the fallout of crypto exchange FTX and its trading arm Alameda Research, Davies said the firms were also...
Billionaire Mark Cuban Still Believes in Crypto Despite Price Crash, Compares to Early Days of Internet
15.11.2022
Despite the ongoing crypto market downturn which was further intensified by crypto exchange FTX’s collapse, many seasoned investors demonstrate their firm belief in crypto, with the Dallas Mavericks owner Mark Cuban declaring he is convinced the technology’s utility related to smart contracts could...
Was SEC Chair Gary Gensler Helping Sam Bankman-Fried Find Legal Loopholes for FTX? Here’s What You Need to Know
14.11.2022
Speculation is mounting in the community that Securities and Exchange Commission (SEC) chairman Gary Gensler could have worked with FTX co-founder Sam Bankman-Fried to find legal loopholes the exchange could take advantage of....
Read More: Was SEC Chair Gary Gensler Helping Sam Bankman-Fried Find...
Bahamas Police Launch Investigation into FTX Conduct, Looking For ‘Criminal Misconduct’
14.11.2022
Police in the Bahamas has launched an investigation into the crypto exchange FTX, and is actively looking for evidence of whether “criminal misconduct” has occurred.
Per a tweet from the Royal Bahamas Police Force published on Sunday, a team of financial investigators from the Force’s Financial...
Cardano Founder Charles Hoskinson Says More Damage Coming From FTX Contagion – New Regulation Coming?
14.11.2022
Cardano founder Charles Hoskinson has warned investors that more pain is coming from the recent collapse of cryptocurrency exchange FTX. He also noted that the incident would attract more regulatory scrutiny.
In his latest YouTube video, Hoskinson argued that the collapse of FTX was not...
Government Official: FTX Collapse Will Not Stop Hong Kong Becoming Virtual Asset Hub
14.11.2022
The abrupt collapse of major crypto exchange FTX has shaken the cryptocurrency markets across the world, but it wil not hamper Hong Kong’s plans of establishing itself as a crypto hub, according to the city’s Financial Secretary Paul Chan. ...
Read More: Government Official: FTX Collapse Will...
Crypto.com Sends $400 Million Worth of Ethereum to Wrong Address, Binance CEO Warns Users to Stay Away
13.11.2022
Cryptocurrency exchange Crypto.com mistakenly sent 320,000 ETH to a wallet address linked to Gate.io in late October. While the platform has since recovered the assets, Binance CEO Changpeng Zhao advised users that it is best they stay away from the platform. ...
Read More: Crypto.com Sends $400...
Former US Treasury Compares FTX Collapse to Infamous Enron Fraud – Crypto Regulation Incoming?
13.11.2022
Former Treasury Secretary Larry Summers has compared the sudden fall of cryptocurrency exchange FTX to energy trader Enron's scandal in the early 2000s.
In a "Wall Street Week" interview with Bloomberg, he said that while "a lot of" people have compared this to Lehman, he believes it is more...