Canadian entrepreneur and “Shark Tank” star Kevin O’Leary today slammed crypto exchange Binance—and claimed it caused the collapse of FTX on purpose. Speaking at the Senate Committee on Banking, Housi...
Tag: Collapse
FTX and Alameda Executives Exchanged Sensitive Information in ‘Wirefraud’ Chat Group Prior to Collapse: Report
The executives at the now-collapsed crypto exchange FTX and its trading arm Alameda Research are reportedly exchanging secret information using a Signal chat group called “Wirefraud.” A new report fro...
Can Solana (SOL) Bounce Back? Analyst Looks at Top Ethereum Rival After Bear Market Collapse
A popular crypto strategist says that Solana (SOL) has the potential to go on a massive rally and reach a new all-time high. In a new video update, the host of InvestAnswers tells his 444,000 YouTube ...
SBF Planned to Blame Everyone Else but Himself for FTX Collapse, Leaked Documents Reveal
Disgraced FTX ex-CEO SBF was planning to blame everyone else except himself in a leaked testimony intended for a Congress hearing. Sam Bankman-Fried (SBF) reportedly planned to blame everyone, but him...
FTX Collapse Forces Crypto Regulation Buffs Across the Globe
In two separate statements this week, the finance watchdogs of Hong Kong and Canada warned investors of risks associated with crypto providers. Both are beginning to introduce and expand crypto regula...
BNB Price Prediction: Is the Binance Exchange Next to Collapse?
The BNB price has slumped in recent days. While other altcoins shifted sideways or up slightly, Binance Coin (BNB) dropped slightly. This induces some nervousness at a time when investors are concerne...
Crypto hotspots continue to thrive despite FTX collapse
The sudden failure of FTX has left many people questioning the impact this will have on the cryptocurrency ecosystem. For instance, it remains questionable whether or not crypto hotspots will continue...
Where did the money go in FTX crypto collapse?
The collapse of FTX, a cryptocurrency exchange once valued at $32 billion — and founder Sam Bankman-Fried’s arrest Monday on a number of charges alleging he defrauded his investors — have prompt...
Stringent Crypto Regulation Incoming After FTX Collapse: Warns Thai SEC
The FTX collapse spurred action from yet another financial watchdog. The Thailand Securities and Exchange Commission (SEC) is gearing up to impose more stringent regulations on crypto assets similar t...
Bahamian Government Officials Allegedly Asked SBF to Mint Millions of Dollars in New Tokens Amid the FTX Collapse – Coinotizia
On Monday, court documents from lawyers involved with the FTX Trading LTD Chapter 11 bankruptcy case allege that the government of The Bahamas asked the disgraced FTX co-founder Sam Bankman-Fried (SBF...
FTX Collapse Could See Robinhood Follow in Its Footsteps
The FTX exchange has taken down several exchanges and other companies. Could Robinhood be the latest casualty? The collapse of FTX, which was once the second-largest exchange in the world, has eaten a...
Analyst Who Called Last Crypto Collapse Warns of Bull Trap, Issues Alert on Bitcoin, Ethereum and BNB
A closely followed trader who called the 2022 crypto collapse is warning of a bull trap after the latest consumer price index (CPI) data came in better than expected. The pseudonymous crypto trader kn...
Bahamian Government Officials Allegedly Asked SBF to Mint Millions of Dollars in New Tokens Amid the FTX Collapse – Bitcoin News
On Monday, court documents from lawyers involved with the FTX Trading LTD Chapter 11 bankruptcy case allege that the government of The Bahamas asked the disgraced FTX co-founder Sam Bankman-Fried (SBF...
Canada bans crypto leverage and margin trading after FTX collapse
Authorities in Canada are taking measures to better protect Canadian cryptocurrency investors in the aftermath of the FTX collapse and the spreading contagion. The Canadian Securities Administrators (...
Ripple Regional Head calls FTX collapse ‘incredibly damaging,’ says crypto needs to offer utility
Ripple’s Asia Pacific Head is optimistic on Crypto’s future. He said that the FTX mess hurt the market. He highlighted the need for a regulatory framework. The Asia Pacific Head of Ripple Labs Inc. Ra...
Bahamas reportedly asked SBF to mint new coin after FTX collapse
The Bahamas government reportedly worked with former FTX CEO Sam Bankman-Fried to issue a new cryptocurrency controlled by local officials. Following the FTX collapse in November, Bahamas government o...
New FTX chief describes the firm’s collapse in bankruptcy testimony
Recently appointed chief exec of crypto exchange FTX, John J. Ray III, provided new insight into the firm’s collapse in prepared testimony on Tuesday. At a US House Financial Services hearing on the s...
What Sam Bankman-Fried Planned to Tell Congress About FTX’s Collapse
Disgraced FTX founder Sam Bankman-Fried (SBF) was planning to deliver congressional testimony before the House Financial Services Committee on Tuesday regarding his exchange’s fallout. While his arres...
US Securities Watchdog Charges Sam Bankman-Fried With Fraud Over FTX Collapse – Bitcoin News
According to a statement published on Dec. 13, 2022, the U.S. Securities and Exchange Commission (SEC) has charged the disgraced FTX co-founder Sam Bankman-Fried (SBF) with defrauding investors. SEC c...
Sam Bankman-Fried charged with fraud over FTX collapse
Sam Bankman-Fried was charged with fraud by the U.S. Securities and Exchange Commission over the collapse of FTX, the crypto exchange he founded. The former CEO was charged with “orchestr...
FTX CEO John Ray blames collapse on ‘inexperienced and unsophisticated individuals’ in testimony following SBF arrest
FTX CEO John Ray III Dec. 13 testimony to the U.S. Congress revealed that the bankrupt exchange commingled assets and stored wallets’ private keys without encryption. According to Ray, FTX’s collapse ...
Yardeni Research Says Crypto Collapse Hasn’t Had Dire Consequences
Alex Dovbnya Cryptocurrencies and other bubbles collapsed without dire consequences, according to Yardeni Research According to Yardeni Research, the collapse of cryptocurrencies and other bubbles has...
Sam Bankman-Fried Blames CZ For The FTX Collapse
Every day, the crypto ecosystem finds evidence of unethical practices by Sam Bankman-Fried. However, the former CEO of FTX and Alameda Research denies his responsibility for the sudden failure of his ...
Bitcoin could reach $1M in 5 years due to fiat currencies’ collapse, says Samson Mow
Despite the ongoing bear market, Jan3 CEO and Bitcoin (BTC) proponent Samson Mow believes that the leading cryptocurrency could reach the $1-million-price benchmark in the next five to 10 years. The c...
FTX Collapse May Lead Crypto Brokerage Genesis to Go Bankrupt
18 seconds ago | 2 mins read Market News Crypto lending Genesis is expected to file for bankruptcy. The collapse of FTX and Alameda had a great impact on Genesis. Drawdowns of loans can prevent Gene...
Sam Bankman-Fried Attempted To Collapse Crypto Markets Last Month in Desperate Attempt To Save FTX: Report
Disgraced crypto founder Sam Bankman-Fried reportedly tried to disrupt the digital asset markets in November in a last-ditch effort to save his failing exchange, FTX. In a Wall Street Journal (WSJ) re...
Is Cardano (ADA) Facing a 50% Collapse in Price?
The Cardano (ADA) price broke down from a long-term horizontal support area at $0.350. The trend is considered bearish until the Cardano price reclaims the area. ADA is the native cryptocurrency of th...
Rock Legend Gene Simmons Is Holding Crypto Despite Market Sell-Offs and FTX Collapse – Featured Bitcoin News
Rock band Kiss’ lead singer Gene Simmons has confirmed that he is still holding crypto despite the crypto winter and the collapse of cryptocurrency exchange FTX. “I’m deep in crypto. I believe in it,”...
SBF plans new venture to repay FTX collapse victims, claims ‘did not commit fraud’
Sam Bankman-Fried (SBF), the former CEO of the now-collapsed FTX crypto exchange, has said that he hopes to start a new business to generate funds to pay back victims of the company’s collapse. ...
gm: Tezos Co-Founder Kathleen Breitman Sounds Off on FTX Collapse
gm: Tezos Co-Founder Kathleen Breitman Sounds Off on FTX Collapse Tezos co-founder Kathleen Breitman has been in crypto since the beginning and has seen a lot of cycles and failures. She joined Stacy ...
Analyzing the WBTC FUD after the FTX collapse and its depeg
Wrapped Bitcoin is the leading form of Bitcoin “wrapped” in a smart contract on the Ethereum network. This allows it to be used in Ethereum-based decentralized finance (DeFi) applications. WBTC is bac...