The Joe Biden government is preparing a draft to regulate crypto assets. According to the CFTC chairman LedgerX was the best entity compared to other FTX entities. LedgerX held more cash than other FT...
Tag: Collapse
The Terra Collapse [A Thorough Analysis]
Terra LUNA was once considered one of the top 10 largest cryptos in the world, but its value sank to almost nothing in a short amount of time, and now, its forked project, LUNA 2.0, is also facing a q...
Maxine Waters Thanks SBF for Being ‘Candid’ About FTX Collapse
House Financial Services Chair Maxine Waters today thanked disgraced FTX founder Sam Bankman-Fried for being “candid” when talking about the bankrupt exchange. Waters (D-CA) also invited Bankman-Fried...
Tether Co-founder Defends USDT Reserve Claims Post FTX Collapse
9 seconds ago | 2 mins read Altcoin News Reeve Collins addressed the claims in an appearance on CNBC’s SquawkBox. Tether has periodic audits conducted for government agencies as per Reeve. The company...
Will Binance Coin (BNB) Collapse Like FTX’s FTT Token?
Crypto Twitter gossip has been in overdrive lately with speculation on the future of Binance Coin (BNB). But are the concerns justified? Is BNB the next FTX? The cryptocurrency market is in a long-ter...
Shark Tank’s Kevin O’Leary Addresses FTX Partnership, Says Blockchain Will Reveal Truth Behind Collapse
Shark Tank investor Kevin O’Leary is breaking his silence about missing the red flags when it came to doing business with former FTX CEO Sam Bankman-Fried. In a new interview on Stansberry Research, t...
FTX was the “fastest” company collapse in American history, says U.S. Trustee.
The United States Trustee who is in charge of the bankruptcy case involving FTX has submitted a motion requesting that the court appoint an independent examiner. The United States Trustee who is condu...
Former FTX CEO ‘apologetic’ over FTX collapse
“I didn’t ever try to commit fraud on anyone,” Said Sam Bankman-fried in his recent interview with the New York Times. ‘Look, i screwed up’ Via his virtual appearance at the New York Times’ DealBook S...
DOJ Watchdog Seeks Independent Examiner of FTX Collapse
In the latest chapter of the fall of FTX, the U.S. Office of Trustee within the Department of Justice filed a motion today in the U.S. Bankruptcy Court in Delaware requesting the appointment of an ind...
Senate Committee Pushes for CFTC Regulation After FTX Collapse
A hearing of the Senate Agriculture Committee on Dec. 1, 2022, called for Congress to act fast to pass CFTC laws to prevent further loss of funds in the wake of the FTX collapse. The committee interro...
CFTC chief says Bitcoin is the only commodity in the wake of FTX collapse
The chief of the United States Commodity Futures Trading Commission (CFTC), Rostin Behnam, claimed Bitcoin is the only crypto asset that can be viewed as a commodity during an invite-only crypto event...
November closes as one of the worst months for ETH or BTC, SBF claims the FTX collapse was a mistake
The biggest news in the crypto-verse for Dec. 1 includes November finishing as the second-worst month for Bitcoin and fourth-worst for Ethereum, SBF shifting blame to Alameda Research for the FTX coll...
Bitcoin BTC Price If Not For FTX Collapse News
Bitcoin Price Prediction News: Galaxy Digital CEO Mike Novogratz said that there would be an opportunity for growth for Bitcoin (BTC) in the long run. He said the FTX collapse is not necessarily a ver...
The collapse of FTX was criminal, not accidental
Join Our Telegram channel to stay up to date on breaking news coverage Despite the fact that Sam Bankman-cryptocurrency Fried’s enterprise was exposed as a fraud in recent weeks, CoinDesk argues mains...
Auros Global Blunders DeFi Payment; FTX Collapse Repercussions
Auros Digital is under debt of 8,400 wETH of MAPLE FINANCE. Auros Global, a crypto trading platform, seems to face a liquidity problem after the collapse of the giant crypto exchange FTX. Accordi...
FTX Collapse Is An Opportunity
The former CEO and founder of failed crypto exchange FTX, Sam Bankman-Fried (SBF), ended his silent period and has been hit by prominent Bitcoin and crypto proponents. SBF has been talking with mainst...
Dappradar Report Shows Blockchain Gaming Thrived Amid FTX Collapse, Sector Accounted for 46% of All Network Activity – Bitcoin News
According to a report published by the global dapp store platform, Dappradar, blockchain gaming hardly felt the impact of the recent FTX collapse and the crypto market carnage that ensued. Dappradar’s...
Total crypto market-cap hits $850B as Bitcoin and altcoins recover from FTX’s collapse
The total cryptocurrency market capitalization gained 2% in the past seven days, reaching $850 billion. Even with the positive movement and the ascending channel that was initiated on Nov. 20, the ove...
Bitcoin Family Says They Are Moving $1M in Crypto to Decentralized Exchanges After FTX Collapse – Bitcoin News
In October 2017, Netherlands native Didi Taihuttu and his family sold all their valuable belongings and their house for bitcoin. The decision paid off and the Taihuttu family has traveled all around t...
Telegram Set to Launch Crypto Exchange, Non-custodial Wallet in Aftermath of FTX Collapse
Instant messaging service Telegram announced that it will launch a crypto exchange and wallet to fix excessive centralization. Telegram plans to establish a digital currency exchange and a non-custodi...
FTX Collapse Won’t Derail UK’s Crypto Agenda, Minister Says
“For me, recent events in the crypto market reinforce the case for timely, clear and effective regulation,” Griffith said. “The Financial Services and Markets Bill already enables us...
BlackRock lost $24M in FTX collapse
BlackRock‘s CEO Larry Fink revealed that the asset manager had invested $24 million in FTX, which it considers lost. Fink added that the investment was small and not part of Blackrock’s co...
USDT Remains Unaffected From FTX And Alameda Collapse
In the past week, Tether has blocked $31.4M USDT after the hack of FTX. Tether has remained unaffected by the recent falls. Tether has maintained its dominance in the crypto-verse. Despite Alameda bei...
Dealbook interview: New York Times continues to defend SBF & FTX collapse
SBF’s net worth collapsed from $25B to a mere $100,000 in a matter of a few months alongside its company FTX and Alameda. According to Crunchbase, the total value of FTX was $40 billion at the end of ...
Cardano’s Hoskinson: FTX Collapse Proves ‘Absolute Need’ for Decentralization
The recent collapse of crypto exchange FTX highlights the “absolute need” for decentralization, according to Cardano founder Charles Hoskinson. Speaking at the Financial Times Crypto and Digital Asset...
Telegram Set To Launch Crypto Exchange Following FTX collapse
Pavel Durov, the founder of Telegram, has revealed that the messaging service intends to launch decentralized cryptocurrency products in the near future. These products will include the launch of a cr...
Bitcoin on Track for Biggest Monthly Loss After Terra Collapse: Details
Bitcoin might be on track to post its biggest monthly loss since June following the shocking and tragic FTX collapse in November. Bitcoin is currently down 18% in November, according to TradingView da...
What JP Morgan Thinks About FTX Collapse – Hopeful About the Future
Join Our Telegram channel to stay up to date on breaking news coverage Following the aftermath of the FTX collapse, JPMorgan says that the event could trigger the pace of cryptocurrency regulations, a...
US Treasury’s Yellen Says Crypto Doesn’t Have Adequate Regulation — Calls FTX Collapse ‘a Lehman Moment’ – Regulation Bitcoin News
U.S. Treasury Secretary Janet Yellen says that the collapse of crypto exchange FTX shows that the crypto industry “really needs to have adequate regulation.” She added: “It’s a Lehman moment within cr...
Sam Bankman-Fried Responds To FTX Collapse In New Interview
Topline Former FTX CEO Sam Bankman-Fried claimed in a live New York Times interview Wednesday the collapse of his cryptocurrency exchange was driven by numerous mistakes on his part rather than fraudu...
Bankman-Fried ‘Substantially Underestimated’ Size, Speed of FTX Collapse
In a highly anticipated and wide-ranging interview, FTX founder Sam Bankman-Fried claimed he was both unaware of and not intentionally committing fraud — and largely dismissed his prospects for crimin...