The quick downfall of FTX with an $8-10 billion deficit in its balance sheet has left the broader cryptocurrency market reeling under its cascading effects. Besides Proof of Reserves (PoR) and Reserve...
Tag: Collapse
amid Carvana collapse, a big insider buy
Sizable insider moves can serve as useful bellwethers for investors. Here are some of the biggest such moves from the past week, as first reported on InvestingPro+. Carvana (NYSE:CVNA) Chief Product O...
I’m Still Bullish on Bitcoin — Crypto Cannot Be Blamed for FTX Collapse – Coinotizia
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, is still bullish on bitcoin despite the collapse of crypto exchange FTX. He stressed that the cryptocurrency cannot be bl...
Bahamian Crypto Exchange Collapse Affecting Local Resident Lives
FTX officials are working to restructure the firm and return users’ funds. Investors and Users are seeking help to retrieve the lost funds in the FTX crash. Recently the world’s third-biggest cryp...
I’m Still Bullish on Bitcoin — Crypto Cannot Be Blamed for FTX Collapse – Featured Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, is still bullish on bitcoin despite the collapse of crypto exchange FTX. He stressed that the cryptocurrency cannot be bl...
FTX Collapse: Binance Stores $2 Billion to Save Struggling Firms
The abrupt collapse of FTX continues to reverberate through the cryptocurrency industry. While it is still very early to determine the full repercussions of Sam Bankman-Fried’s crypto empire fi...
How the crypto industry is responding to the FTX collapse
Millions of cryptocurrency traders who previously used FTX are left wondering if they’ll ever receive their funds after the exchange collapsed and subsequently filed for Chapter 11 bankruptcy. It coul...
FTX collapse has “Negligible” influence – crypto.news
Solana Foundation had revealed they had less than 1% of Solana Foundation’s cash or cash equivalents when FTX ceased to process withdrawals, which is insignificant to the foundation’s operations. Howe...
Amazon Reportedly Making a Docuseries on FTX’s Collapse
At just about any boozed-up weekend gathering, you’re almost guaranteed to hear the retort “Life is stranger than fiction” after any strange story. Although this little witticism is often overused, th...
Without Considering FTX Collapse, Cathie Wood Held Her Crypto Assets
The downfall of FTX badly affected the crypto market, which created a high level of doubt and fear among crypto investors and users. Last week, the crypto market was filled with uncertainty regarding ...
Binance U.S. Arm to Bid for Bankrupt Voyager Digital’s Assets After FTX Collapse
The U.S. arm of Binance, the world’s largest cryptocurrency exchange, will make a bid for bankrupt lender Voyager Digital following the collapse of FTX, which in September won an auction for the comp...
SEC chair’s crypto oversight strategy in question as ecosystems collapse
While regulations are often aimed at protecting citizens from bad actors, the effectiveness of crypto regulations in the United States is in question owing to the colossal fall of major exchanges and ...
Cardano Founder Says Ardana and Orbis Collapse Was a Leadership Issue, Not Funding
– Advertisement – Hoskinson comments on Ardana and Orbis incident. Members of the Cardano community received sad reports this week after two projects building on the blockchain, Ardana and...
BINANCE, COSMOS, AND SNOWFALL PROTOCOL ARE THREE TOKENS TO WATCH DURING THE CRYPTO COLLAPSE!
As the crypto ecosystem recovers from the recent crash, investor activity is picking up as investors review the coins on their watchlists while adding new ones. Binance Coin (BNB) and Cosmos’ (ATOM) a...
Trouble in the Bahamas following FTX collapse: Report
Following the collapse of crypto exchange FTX, which was headquartered in the island country of Bahamas, Bahamians are reportedly still trying to find a way to make sense of everything, while remainin...
Institutions short Bitcoin as SBF is ‘deeply sorry’ for FTX collapse
The monumental collapse of FTX will go down as one of the biggest corporate scandals of all time. But, at least Sam Bankman-Fried, or SBF, is sorry. On Nov. 22, the disgraced founder of FTX penned a l...
FTX collapse could have been avoided
Business risk is a difficult thing to weigh but even more so is the risk related to investments, the FTX collapse could and should have been avoided How the collapse of FTX could have been anticipated...
Aragon Project adds $20 million in ether to treasury for safety amid FTX collapse
The Aragon Project increased the ether (ETH) holdings in its treasury by over $20 million in an attempt to improve its exposure to more censorship-resistant crypto assets. Aragon swapped $20.4 m...
CZ Says Luna Collapse Very Different From ‘Ponzi’ FTX: Reason
CZ Comments On FTX Collapse: CZ made some interesting comments on the future of crypto at the Binance meet up Athens on Friday. The Binance CEO compared the evolution of the crypto ecosystem with the ...
FTX’s collapse could change crypto industry governance standards for good
The crypto market is often referred to as the Wild West of the finance world. However, the events that have unfolded within this space recently would put to shame even the hardiest of cowboys from the...
FTX Collapse Hurts Confidence, These Companies Will Profit
The collapse of the second crypto exchange, FTX, may become one of the most traumatic episodes for the nascent asset class. However, as is often the norm in financial markets, the losses for one party...
Here’s how centralized exchanges aim to win back users after the FTX collapse
Centralized crypto exchanges play a huge part in the crypto trading ecosystem. However, the FTX collapse showcased how difficult it is to trust exchanges with user funds. Despite this, crypto trading ...
From Terra, Celsius to FTX Collapse
Altcoin News Crypto lender Genesis is on the bankruptcy radar triggering more panic. The global crypto market has fallen to the $800B range amid the FTX fiasco. The casualties of the FTX collapse are ...
Binance, others line up bids for bankrupt Voyager after FTX collapse
Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty ...
How does the FTX collapse affect Dubai’s crypto ecosystem?
With the FTX contagion affecting various sectors of the global crypto ecosystem, Dubai-based industry leaders commented on how the debacle will affect the budding crypto hub within the United Arab Emi...
Amazon to Film TV Series About FTX Collapse
Alex Dovbnya Spectacular collapse of FTX empire has naturally inspired full-fledged TV series Amazon Studios, a subsidiary of tech giant Amazon, has commissioned a TV series about the scandalous colla...
UAE regulator revokes FTX license amid the exchange’s collapse
As the FTX debacle still creates waves in the crypto industry and beyond, the Dubai Virtual Assets Regulatory Authority (VARA) has suspended the license that allows FTX to make preparations to service...
Ethereum [ETH]: PoS network’s performance since FTX collapse reveals…
ETH staking and validator count growth remained unaffected as the market grappled with the FTX’s collapse There was, however, a slight fall in daily earnings per validator on the chain Seventy days si...
U.S. Congressman Blames SEC Chair Gary Gensler and SBF for FTX Collapse
– Advertisement – Minnesota Rep. Gary Gensler and SBF for FTX’s collapse. Minnesota Rep. Thomas Earl Emmer has blamed both SEC Chairman Gary Gensler and Sam Bankman-Fried for FTX collapse...
Binance creates $1 billion crypto industry fund after FTX collapse
Binance’s Co-founder & CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency following a turbulent couple of weeks in the market. NurPhoto / Contributor /...
US SEC under increased scrutiny after FTX collapse – crypto.news
Following the collapse of the FTX crypto exchange and all its ongoing cascading effects, crypto critics, as well as advocates are starting to ask if the US Securities and Exchange Commission could hav...