An account with Silvergate Capital may have played a key role in FTX’s collapse this November, according to a Dec. 20 report from the Wall Street Journal. The newspaper cited three U.S. senators who s...
Tag: Collapse
FTX Collapse Adds to 2022 Crypto Price Decline, Marks Worst Year in Industry History
Last year’s price run-up in the largest cryptocurrency, bitcoin (BTC), to a record $69,000 brought rampant speculation and risk-taking by crypto traders who used “leverage,” or borrowed money, to ampl...
Crypto Mining Firm Canaan Has Seen Its Profits Collapse
Canaan – a large manufacturer and distributor of bitcoin and crypto mining equipment – has seen its profits and revenue plunge over the course of the last several months. Thus far, net income for the ...
With Cryptocurrencies as With the Internet and Cars, Collapse Is the Sector’s Life
On June 6, 2021 I published a column titled “We’ll Know Crypto Is For Real When Its Coins Start Collapsing.” More than most want to admit or realize, failure is growth. A “market” for crypto money def...
Singapore’s crypto future goals threatened by FTX’s collapse
Join Our Telegram channel to stay up to date on breaking news coverage There was a time when it appeared that Singapore would emerge as a leading cryptocurrency hub.Early on, the government had expres...
Inside Kevin O’Leary and Binance’s CZ Hot Exchange Over FTX’s Collapse ⋆ ZyCrypto
Advertisement     Following the collapse of FTX, questions about what could have happened have been raging. In the past week, Binance CEO Changpeng Zhao” CZ” and Canad...
Analyst That Called Last Crypto Collapse Says Ethereum-Based Altcoin Mirroring Terra (LUNA) Crash
The crypto analyst known for accurately calling the last major market collapse is issuing another series of warnings, including one about an Ethereum (ETH)-based altcoin. The pseudonymous trader known...
Crypto’s Onetime Fans Are Calling It Quits After FTX Collapse
Buying crypto was so much fun when it was going up. Now, many onetime fans are getting out. This year has brought crisis after crisis, raising questions about the industry’s long-term prospects. Two m...
Bankman-Fried said he ‘doesn’t give a sh*t’ about his legacy 2 months before FTX collapse
FTX founder Sam Bankman-Fried (SBF) was once touted as the cryptocurrency king, a reputation that has eroded with the exchange’s collapse resulting in his arrest over fraud charges. Before the collaps...
Cryptocurrency Cannot Be Stopped, FTX Collapse Isn’t an Indictment of Crypto – Regulation Bitcoin News
U.S. Senator Pat Toomey says illegal actions by crypto exchange FTX must be separated “from perfectly lawful and innovative cryptocurrencies.” Emphasizing that “The collapse of FTX is not an indictmen...
Bankman-Fried said he ‘doesn’t give a sh*t’ about his legacy 3 month before FTX collapse
FTX founder Sam Bankman-Fried (SBF) was once touted as the cryptocurrency king, a reputation that has eroded with the exchange’s collapse resulting in his arrest over fraud charges. Before the collaps...
FTX Collapse Has Rekindled Security and Reliability Concerns for Web3 Projects Says Marketing Expert – Interview Bitcoin News
The fallout from the collapse of failed crypto exchange FTX is forcing Web3 brands, and projects previously focused on managing the public’s perception, to concentrate on fighting for their very legit...
After FTX Collapse and Fraud, What Should Crypto Fix Next?
Significant collapses within the crypto sector such as FTX have caused a sense of uncertainty regarding crypto’s adoption rate. Despite fraud revelations, cybersecurity is still an important issue tha...
FTX Collapse Highlights Need for Independent Reserve Verification
Binance has ended another week of FUD (fear, uncertainty, doubt) with another report on its proof-of-reserves. But Mazars, the authors of the previous reserves report, has simultaneously distanced its...
Top Strategist at $285,000,000,000 Asset Management Firm Predicts More Crypto Shakeouts After FTX Collapse
The global chief investment officer of the $285 billion asset management firm Guggenheim Partners is predicting additional crypto fallout following the FTX collapse. In a new interview with Bloomberg ...
Why FTX’s collapse is a ‘crucible moment’ for Solana
Episode 125 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Solana co-founders Raj Gokal and Anatoly Yakovenko. Listen below, and subscribe to The Scoop ...
Will The Collapse of Solana Activity Push SOL Prices Further South
Solana is suffering as activity has plummeted following the FTX collapse. Its native asset, SOL, is also looking extremely weak at the moment. On Dec. 15, DeFi and web3 research firm Yield App Labs re...
Curve Finance has been one of the benefactors of FTX collapse, here’s how
Curve has alluded to plans to integrate with zkSync 2.0 mainnet. The integration could help Curve and CRV scale as CRV price has been in a decline. Curve to launch on zkSync As more users turned to De...
Bitcoin Maximalist Michael Saylor Says Ethereum Could Collapse Like LUNA
Ethereum has come under fire from bitcoin maximalist and former MicroStrategy CEO Michael Saylor who has compared the network to LUNA, which tragically collapsed in May 2022. The effects of the collap...
Here’s How Binance’s Bitcoin and Stablecoin Reserves Compare to FTX’s Before the Collapse: Quant Analyst
The chief executive of on-chain insights platform CryptoQuant says that despite the current rumors surrounding Binance, the exchange’s stablecoin reserves still look quite different than FTX’s did pri...
O’Leary accuses Binance of the collapse of FTX
Canadian anchorman and entrepreneur Kevin O’Leary, in the presence of the Senate Committee on Banking, Housing and Urban Affairs, accused the world’s largest exchange, Binance, of being instrumental i...
Guggenheim’s Minerd Warns Of Crypto Fallouts After FTX Collapse
In wake of the collapse of FTX, the cryptocurrency exchange, and the seeming meltdown of cryptocurrencies overall, the Chief Investment Officer of Guggenheim Partners, Scott Minerd, is issuing a warni...
Ren DAO to vote on plan to mint new funding tokens after Alameda collapse
The Ren community, which oversees a DeFi protocol that issues wrapped crypto assets, is considering the minting of new tokens to raise capital after the collapse of Alameda Research left the project w...
“A Deliberate Move” — Shark Tank Star Kevin O’Leary Blames Binance For FTX Collapse ⋆ ZyCrypto
Advertisement     Kevin O’Leary has roped Binance into the infamous FTX scandal, claiming that the exchange deliberately caused the collapse. He also called for incre...
New study reveals countries most interested in PoR after the FTX collapse
Singapore, Nigeria and Hong Kong are among the countries most interested in proof-of-reserves following the FTX collapse, according to Coingecko. Singapore, Nigeria and Hong Kong lead the PoR interest...
Chainalysis data reveals FTX collapse caused $9B in realized losses
FTX’s collapse resulted in around $9 billion in realized losses for crypto investors, according to a Chainalysis report. Chainalysis noted that this loss paled compared to Terra’s UST depeg, which cau...
FTX collapse triggers regulations and more lay-offs
After the popular cryptocurrency exchange FTX collapsed and initiated the fear of another bear market, the Group of 20 (G20) countries — including 19 countries and the European Union (EU) — have been ...
One Altcoin Is Significantly Outperforming Bitcoin and Crypto Markets Amid Collapse in Trust, Says Analyst
A popular crypto trader is analyzing how one decentralized exchange (DEX) altcoin has outperformed the vast majority of the crypto market in the past month. In a new YouTube video, the anonymous host ...
Kevin O’Leary Blames Binance For Deliberately Causing FTX Collapse In Senate Testimony
Businesses and governments are still scratching their heads over the sudden collapse of FTX, Sam Bankman-Fried’s crypto empire. The crypto community and regulators are wondering what led to the abrupt...
Ripple CTO and Deaton Blast Kevin O’Leary For Blaming Binance For FTX Collapse
– Advertisement – O’Leary lays the blame for the FTX collapse on Binance, baffling the crypto community. Shark Tank star and serial investor Kevin O’Leary, AKA Mr. Wonderful, in a senate...
Michael Saylor Supports Argument That Ethereum Risks Terra (LUNA) Like Collapse
– Advertisement – Saylor speaks against Ethereum again, supporting an argument that the DeFi King could crash as Terra did in May. MicroStrategy founder Michael Saylor in a tweet yesterday...
Realized losses from FTX collapse peaked at $9B, far below earlier crises
Blockchain analytics firm Chainalysis has attempted to put the FTX collapse into perspective — comparing peak weekly-realized losses in the wake of the exchange’s collapse compared to previous major c...