Sam Bankman-Fried just wrapped up an interview with Andrew Ross Sorkin at the New York Times DealBook Summit. The Block tuned in and kept a running tally of what he had to say. Thanks for sticking wit...
Tag: Collapse
Proposed new MiCa rules in EU would have prevented FTX’s collapse
European Union officials claim that their upcoming cryptocurrency regulation would have prevented the collapse of FTX. Deputy Director General at the European Commission’s financial services departmen...
FTX’s Collapse Was a Crime, Not an Accident
In the weeks since Sam Bankman-Fried’s cryptocurrency empire was revealed to be a house of lies, mainstream news organizations and commentators have often failed to give their readers a straightforwar...
FTX’s collapse is ‘a Lehman moment’ for crypto: Yellen
Treasury Secretary Janet Yellen called FTX’s collapse “a Lehman moment” for the digital asset industry. “It’s a Lehman moment within crypto, and crypto is big enough that you’ve had substantial ...
FTX Collapse Should Not Be Consider As Failure Of Crypto: EU Deputy Director General
On Wednesday, Deputy Director DG FISMA, Alexandra Jour-Schroeder, in the EU Parliament hearing said the EU doesn’t see FTX as a failure of crypto or blockchain. In addition to this, he blamed SBF for ...
“Regulation By Enforcement” By The SEC Caused BlockFi’s Collapse, Asserts Ripple’s General Counsel ⋆ ZyCrypto
Advertisement     Stuart Alderoty, Ripple’s General counsel has slammed the U.S. Securities and Exchange Commission “SEC” for its alleged role in bringing BlockFi to i...
The FTX Collapse Caused “Reputational Damage” to Temasek Says, Wong
FTX’s collapse caused great losses to Temasek, a Singaporean holding company. According to Wong, Singapore’s reputation has been damaged. Further, Singapore intends to implement protection measures fo...
Gemini Crypto Pauses Withdrawals, Fallout Continues From FTX Collapse
| Getty Images Key takeaways The Gemini exchange had to pause withdrawals after the FTX collapse caused a ripple effect on the cryptocurrency space. Investors fear that Genesis, the lending partner of...
Telegram set to build crypto exchange in response to FTX collapse
Telegram founder Pavel Durov has announced plans by the messaging platform to unveil decentralized cryptocurrency products, including a crypto exchange and non-custodial wallets. According to Durov, ...
FTX Collapse: Bankman-Fried Has 2 Golden Chances to Defend Himself
Sam Bankman-Fried, the fallen founder of bankrupt cryptocurrency exchange FTX, is currently one of the world’s most hated people. On social networks many are calling for him to be sent to jail ...
‘Bitcoin Senator’ Lummis: FTX Collapse Shows ‘It’s Time’ for Congress to Learn About Crypto
The collapse of crypto exchange FTX highlights the need for Congress to “learn more” about cryptocurrency, said Sen. Cynthia Lummis (R-WY), known as the “Bitcoin Senator” for h...
Sam Bankman-Fried first ever interview after FTX collapse
Sam Bankman-Fried is everywhere on the news nowadays. You will always listen and read about him but rarely from him. However, Tiffany Fong, a prominent journalist, had a chance to interview him. The i...
US lawmaker questions major crypto exchanges on consumer protection amid FTX collapse
Ron Wyden, chair for the United States Senate Finance Committee, has requested information from six crypto firms on consumer protection following FTX’s liquidity issues and bankruptcy. In separate let...
SBF claims to have only thousands of dollars left in bank after FTX’s collapse
SBF claims to be down to a hundred thousand dollars, with almost all of his wealth wiped out with FTX’s collapse The former CEO also expressed that there could have been a 50-50 chance for FTX had CZ ...
Ukraine-based blockchain firm blasts ‘fake news’ for crypto donation rumors amid FTX collapse
A blockchain firm that partnered with the Ukrainian government to launch a donation website amid the country’s war with Russia has pushed back against online rumors and conspiracy theories that its pl...
Fidelity Charitable introduces NFT raffle in between Crypto Collapse
Fidelity Charitable is entering NFTs, the virtual pictures listed on the blockchain, despite a flood of bad news from the adjoining society of cryptocurrencies. The state’s biggest grantmaker is...
Serum exchange rendered ‘defunct’ following the collapse of Alameda and FTX
Solana-based decentralized exchange (DEX) Project Serum has notified its community that the collapse of its backers — Alameda and FTX — has rendered it “defunct”. The team behind the project shared th...
US House Committee to probe FTX collapse on December 13, 2022
Congresswoman Water has announced the date when the House Committee on Financial Services would start investigating the FTX crash. The meeting was scheduled to start by 10 a.m. ET on Tuesday, December...
Solana-based DEX Serum Becomes “Defunct” Amid FTX Collapse
Serum, a decentralized exchange (DEX) built on the Solana mainnet, announced Tuesday that it has become “defunct” due to its ties to the bankrupt crypto derivative exchange FTX. The protocol also stat...
Sam Bankman-Fried Addresses Withdrawals, FTX Collapse in Newly Released Audio Interview
“It was a combination of the crash in the spring that took 50% out of asset values, combined with a hyper-correlated crash scenario this month in which simultaneously we saw a 50% decline in rel...
‘Shrimp’ and ‘Crab’ Bitcoin Balances Hit Record Highs Amid FTX Collapse
So-called Bitcoin (BTC) shrimps, a category of addresses holding less than 1 BTC, have added 96,200 BTC to their collective stashes since FTX exchange’s collapse earlier this month. According to...
Ripple Blames SEC for BlockFi Collapse – Revelations Emerge
Ripple blames the SEC for BlockFi’s bankruptcy, as the crypto lender sues Sam Bankman-Fried for his Robinhood shares. Crypto lender BlockFi filed for bankruptcy earlier this week, after suspending wit...
BlockFi files for bankruptcy in the wake of FTX collapse
BlockFi is the latest victim of the FTX collapse. After Celsius and Voyager, BlockFi is the latest lender to shut shop this year. Crypto winter and big collapses are crippling investor and retailer co...
Senior Senate Democrat wants crypto exchange info after FTX collapse
Senate Finance Committee Chair Ron Wyden, D-Ore., wants information on how large crypto exchanges conduct business, including whether they use customer funds for undisclosed purposes, following the co...
US Auditing Firms To Charge More for Crypto Company Services Following FTX Collapse: Report
Several US auditing firms are reportedly going to charge crypto companies a steeper fee for their services in the fallout of FTX’s implosion. According to the Financial Times, many audit firms are rec...
Solana-Based Crypto Project Serum (SRM) Says It’s ‘Defunct’ After FTX and Alameda Collapse
The Solana (SOL)-based decentralized exchange (DEX) Serum (SRM) is updating its community as it faces fallout from the FTX collapse. According to the Project Serum Twitter account, Serum’s mainnet is ...
ETH deflationary gains erased post-FTX collapse
Ethereum (ETH) recently became the most deflationary it had historically ever been amid the FTX collapse, reaching a deflationary percentage of -0.00514%, but as of Nov 29, ETH has lost almost all def...
Serum (SRM) Backs Community Hard Fork Plans After FTX Collapse
Serum (SRM) – the Solana-based DEX protocol launched in part by FTX – is seeking a fresh restart after FTX’s fallout left the project’s security permanently compromised. The new project – called Open...
Sam Bankman-Fried gives first-ever audio interview since FTX collapse
Following the collapse of the FTX crypto exchange, former CEO Sam Bankman-Fried (SBF) has been interviewed for the first time, where he denies any wrongdoing. According to SBF, contrary to public all...
Is Nouriel Roubini Right About The Eminent “Crypto Collapse”?
Nouriel Roubini has called the cryptocurrency ecosystem corrupt and has asked who will bail out Binance Dr. Doom has also taken a swing at the Proof of Reserve concept. Meanwhile, BTC has seen a drop ...
BlockFi takes action to protect clients from FTX collapse
It was the management team at BlockFi that was responsible for not wasting a single valuable moment and took the opportunity to create and implement alternate methods and measures so as to be able to ...
Post FTX Collapse, Founder of Three Arrows Capital Hints at Comeback
With the collapse of crypto exchange FTX, founders of bankrupt 3AC and Celsius Network are taking the opportunity to throw the weight on Sam Bankman-Fried. While the entire crypto space is paying majo...