Cryptocurrency investors have had a rough 2022, what with Bitcoin’s terrible price drop and Luna’s tragic end. The recent crash of FTX, a prominent exchange for trading digital currencies, has unfortu...
Tag: Collapse
SBF ‘willing’ to testify at House hearing on the FTX collapse
Former FTX CEO Sam Bankman-Fried has indicated that he’s willing to testify at a United States House hearing into the collapse of cryptocurrency exchange FTX. Bankman-Fried controversially missed the ...
FTX Collapse Made Spokesperson Kevin O’Leary Lost $15 Million
FTX crash is troubling dozens of its promoters. FTX was the third biggest crypto exchange in the crypto sector. The globally popular cryptocurrency exchange failures have scared crypto users, invest...
Can Solana NFTs Help SOL Price Recover After FTX Collapse?
Solana has been on its knees after the FTX fall, which brought the price down by over 60% in just 10 days. Solana bulls have tried to offer occasional respite to price action, but all in vain so far a...
Amber Group ends Chelsea sponsorship, cuts 40% of staff after FTX collapse
Amber Group, one of Asia’s most prominent cryptocurrency trading and lending firms, has discontinued its retail operations and severed its sponsorship agreement with Chelsea F.C. A source familiar wit...
Kevin O’Leary Says FTX Collapse Makes Him and Other Investors in the Crypto Exchange ‘Look Like Idiots’
Shark Tank star Kevin O’Leary says that the collapse of FTX made him and other prominent investors look ‘like idiots.’ In a new interview on CNBC Squawk Box, O’Leary says former FTX CEO Sam Bankman-Fr...
Mastercard Chief Sees Crypto Market ‘Resetting’ After Crypto Exchange’s Collapse
FTX, the collapsed cryptocurrency exchange platform founded by Sam Bankman-Fried (SBF), may have done more than just wipe the entire crypto market with billions worth of capitalization in just a matte...
SEC urges crypto companies to disclose exposure to recent market collapse
The Securities and Exchange Commission (SEC) has called on crypto companies to disclose their exposure to the recent market collapse, and detail its potential impacts on investors. The SEC’s Division ...
U.S Fed Investigate Sam Bankman-Fried Over Terra Luna Collapse
16 seconds ago | 2 mins read Exchange News Sam Bankman-Fried is being investigated by U.S. Federal prosecutors and SEC. Alameda Research may be more responsible for a significant portion of UST sell o...
Sam Bankman-Fried ghosts Senate for testimony on FTX collapse
Former FTX CEO Sam Bankman-Fried and his attorney did not respond to the Senate Banking Committee’s demand that he testify or otherwise cooperate with an investigation into his failed corporate ...
NYC Prosecutors Probing Sam Bankman-Fried’s Role in TerraUSD Collapse: Report
Did Sam Bankman-Fried have a hand in the collapse of the Terra blockchain and its Luna stablecoin? According to a Wednesday report by the New York Times, Manhattan prosecutors are looking into it. Fed...
SEC Chair Gary Gensler Answers Callouts on the Agency Following FTX Collapse
The broader crypto market witnessed a drastic hit following the collapse of crypto exchange FTX. Since the incident revolved around misuse of investor’s funds and subjected to their security, the auth...
‘Wolf of Wall Street’ Jordan Belfort Expects Bitcoin and Ethereum to Be ‘Substantially Higher’ Despite FTX Collapse – Markets and Prices Bitcoin News
Jordan Belfort, aka the Wolf of Wall Street, expects bitcoin and ethereum to be “a lot higher” than they are now. Noting that the collapsed crypto exchange FTX is a scam, he stressed that its implosio...
Congressman Calls for Investigation Into Gensler, SEC’s Role in FTX Collapse
A Democratic congressman is calling for an independent investigation into the Security and Exchange Commission’s failure to prevent the historic collapse of crypto exchange FTX. In a strongly w...
DappRadar’s Latest Industry Report Highlights Resilience in Blockchain Activity Against FTX Collapse
– Advertisement – Kaunas, Lithuania, 8th December, 2022, Chainwire Latest dapp industry report by DappRadar, the global dapp store, highlights the strong resilience of the blockchain ind...
Mastercard executive says FTX collapse could reset crypto
In a recent event, Grace Berkery, the director of business engagement at Master, stated that the crypto market could benefit from the collapse of FTX. In addition, she said the vicious downturn of 202...
Gensler fails to protect public from FTX collapse
Congressman Ritchie Torres has written a letter to the Government Accountability Office calling for an investigation into the SEC handling of FTX. With the very public collapse and ensuing loss of inv...
Is SBF behind Terra’s collapse?
Following the ongoing investigations concerning the demise of FTX, previously one of the largest cryptocurrency exchanges, prosecutors are also weighing the possibility that the founder of FTX, Sam Ba...
learning from FTX collapse will be “pacy”
The UK FCA stated on Wednesday that lessons would be taken quickly from the crash of the cryptocurrency exchange FTX, which left about 80,000 UK investors suffering huge losses though the firm was not...
Institutional Adoption Is On The Rise Despite FTX Collapse
The news in the past weeks indicated that a number of institutions are speeding up to expand and offer their crypto-related product. Crypto adoption is on the rise despite a series of recent bloody ev...
SBF Could Have Reportedly Been Involved in Terra’s Collapse, Do Kwon Chips In
The former CEO of the bankrupt crypto exchange FTX – Sam Bankman-Fried (SBF) – might also be involved in Terra’s crash. Federal prosecutors have launched an investigation to determine whether he manip...
Federal Prosecutors Probe FTX Founder’s Role In UST Collapse
While the crypto market still hasn’t fully digested the insolvency of FTX, U.S. federal prosecutors are investigating whether FTX founder Sam Bankman-Fried played a role in the collapse of TerraUSD (U...
SBF Faces Market Manipulation Inquiry for Terra Collapse
Crypto’s public enemy number one, Sam Bankman-Fried (SBF), could be investigated for market manipulation. Former FTX CEO Sam Bankman-Fried has become a target for federal prosecutors. They have launch...
FTX, Crypto Collapse Costs Taylor Swift a Huge Payday
When cryptocurrency exchange FTX raised $400 million from investors such as Softbank, Temasek, Tiger Global, and others in January, its net worth took off. The funding lifted its value to $32 billion....
Pro-Crypto Lawmaker Blames Gary Gensler for FTX Collapse
Democrat Representative Ritchie Torres has asked the U.S. Government Accountability Office (GAO) to investigate whether the Securities and Exchange Commission and chair Gary Gensler should be held res...
Institutional investors still eye crypto despite FTX collapse
The negative effects caused by the FTX debacle have placed the crypto space in an unfavorable light. However, institutional investors continue to show interest in the industry, even at the height of t...
Institutional investors are still bullish on crypto despite FTX’s collapse
According to data provided by the cryptocurrency exchange Bitstamp, institutional registrations on the trading platform rose despite the FTX saga. An increase in retail customers despite the crisis Th...
Mastercard’s sees FTX collapse as crypto’s ‘time to reset’: TechCrunch
Grace Berkery, director of startup engagement at the payment processing firm Mastercard, thinks the collapse of FTX will ultimately be a positive for the industry. “I think it’s an opportunity ...
Robinhood gaining crypto market share after FTX collapse, CEO says
Robinhood has seen market share increase in the weeks following FTX’s collapse, CEO Vlad Tenev said. The company had no exposure to the now failed exchange. Tenev also said that the 7.6% s...
Venture Capitalist Kevin O’Leary Says He Plans To Recover Lost Funds From FTX Collapse After Full Investigation
Shark Tank star Kevin O’Leary says that he has plans to recover the funds he lost from collapsed crypto exchange FTX. In a new interview with Yahoo Finance, O’Leary says that FTX should undergo a full...
CNBC’s Jim Cramer Warns XRP, Cardano, Dogecoin and Polygon Could Collapse, Says Not Too Late To Sell
CNBC host Jim Cramer thinks crypto investors should immediately unload their positions before prices drop even lower. The television personality says investors still have time to sell their holdings a...