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Regulator Halts Trading of FTX Tokens in Indonesia
17.11.2022
The agency overseeing Indonesia’s crypto market has stopped the trading of FTX tokens on domestic platforms. The announcement comes after FTX, the exchange that issued the FTT token, filed for bankruptcy in the United States and was subjected to investigations by regulatory bodies around the world....
Breaking down FTX’s bankruptcy: How it differs from other Chapter 11 cases
17.11.2022
The FTX bankruptcy has left creditors, investors and industry experts questioning what will happen next — Here is what we can expect
Binance receives FSP from FSRA of ADGM to enhance customer safety
17.11.2022
Binance has gained the capability of allowing its professional clients to claim custody. The update follows the development wherein the crypto platform has received Financial Services Permission from the Financial Services Regulatory Authority of ADGM, short for Abu Dhabi Global Market. Receiving...
US crypto exchanges lead Bitcoin exodus: Over $1.5B in BTC withdrawn in one week
17.11.2022
Cold feet are in charge as exchange users continue to move Bitcoin from exchanges to non-custodial wallets
AVAX expands its reach to Japan via Coinbase
17.11.2022
After Coinbase lists AVAX on the platform, Avalanche blockchain enters the Japanese market. AVAX can now be traded on desktop computers and mobile devices throughout the region. The Avalanche blockchain’s native token can be used for minting non-fungible tokens, playing games in the Web3...
Australia Suspends Financial Services License of Local FTX Entity
17.11.2022
Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to provide limited financial services until Dec. 19 in order to terminate existing derivatives....
Robert Kiyosaki Says Bitcoin Isn’t the Problem — Calls Former FTX CEO the ‘Bernie Madoff of Crypto’
17.11.2022
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says bitcoin is not the problem following the collapse of cryptocurrency exchange FTX. Kiyosaki believes that former FTX CEO Sam Bankman-Fried is more like the Bernie Madoff of crypto than the Warren Buffett of crypto....
Sam Bankman-Fried updates investors: 'We got overconfident and careless,' claims $13B leverage
16.11.2022
"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
DeFi platforms see profits amid FTX collapse and CEX exodus
16.11.2022
On-chain data flashed positive for DEXs and an increase in protocol revenue, even as markets corrected due to FTX’s insolvency
Bybit releases reserve wallet addresses amid calls for transparency
16.11.2022
The wallets seem to indicate that over $1billion worth of BTC, USDT, ETH, and USDC are held by the exchange
How are ‘lite’ versions of crypto apps helping adoption?
16.11.2022
Crypto exchanges use technology and basic design principles to attract a new wave of users into the crypto ecosystem
US reportedly considering Bankman-Fried extradition for questioning
16.11.2022
Authorities in both countries are reportedly in conversation about whether to bring the former FTX CEO back to the United States
FTX loses its license in Australia until May 2023
16.11.2022
In light of FTX’s disclosure of its liquidity crisis, the business has no room to recover as it continues to suffer reputational damage around the world. As a result of a recent turn of events, the Australian Securities and Investments Commission (ASIC) has decided to put a suspension on...
Tim Draper still positive on $250K Bitcoin price prediction in 2023
16.11.2022
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
Citi Analyst Warns of ‘Serious’ Contagion Risk to Crypto Ecosystem From FTX Failure
16.11.2022
A Citi analyst has warned of a serious risk of broader contagion to the crypto ecosystem stemming from the collapse of crypto exchange FTX, noting that the contagion “can last for a significant amount of time.” He added that the crypto industry seems to have “no significant lender...
FTX fallout continues: BlockFi reportedly mulling bankruptcy, SALT pauses withdrawals and deposits
15.11.2022
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
FTX-owned crypto exchange Liquid halts all withdrawals
15.11.2022
Sam Bankman-Fried’s FTX exchange acquired the Japanese crypto trading platform Liquid Group and its subsidiaries in February 2022
FTX bankruptcy filing speculates over 1 million creditors
15.11.2022
In the latest bankruptcy filing for the exchange, it was revealed that there may be one million creditors, rather than the 100,000 initially estimated
Bitget Raises Its Protection Fund to $300M to Reassure Users After FTX’s Collapse
15.11.2022
PRESS RELEASE. Nov 15th, 2022 – Leading global cryptocurrency exchange, Bitget announces that it will increase its Protection Fund to 300 Million USD, in order to provide better protection and further assurance to crypto users. This is part of Bitget’s major efforts in building...
Biswap x IguVerse, a collaboration to look out for
15.11.2022
Biswap and IguVerse could soon head into what one can only call the mighty integration in the Web3 gaming industry. There will be numerous advantages and opportunities for users as a result of the collaboration. One of these is the BNB Chain’s ability to execute transactions quickly...