Former FTX CEO Sam Bankman-Fried, also known as SBF, has reiterated apologies to the exchange’s employees in a letter explaining the collapse. In a Nov. 22 letter reviewed by Cointelegraph, Bankman-F...
Tag: Collapse
Does the FTX collapse really have a silver lining?
While some believe the FTX collapse is the straw that breaks crypto, others say it will strengthen the industry in the long run. Is it just a huge road bump as the world moves to web3, or the cliff’s ...
NYC Mayor Undeterred by FTX Collapse — Insists Crypto Is an Industry ‘We Must Embrace’ – Bitcoin News
The mayor of New York City, Eric Adams, is not discouraged by the collapse of crypto exchange FTX and heavy market sell-offs. Noting that crypto is coming whether we like it or not, he stressed the im...
FTX Collapse Isn’t a Crypto Failure — It’s a Failure of SEC, Bankman-Fried, Centralized Finance – Regulation Bitcoin News
U.S. Congressman Tom Emmer says the FTX meltdown is not a crypto failure but a failure with SEC Chairman Gary Gensler, former FTX CEO Sam Bankman-Fried, and centralized finance. “We need to get to the...
US Senators Urge Department of Justice To Hold FTX Accountable to Full Extent of the Law for Massive Collapse
Two US Senators are publicly calling upon the Justice Department to hold disgraced and bankrupt crypto exchange FTX accountable for its massive collapse earlier this month. In a letter addressed to At...
US Senators want justice department to hold FTX execs accountable for collapse
Senators Elizabeth Warren (D-Mass.) and Sheldon Whitehouse (D-R.I) wrote a letter to the United States Department of Justice (DOJ) to express their concern regarding the FTX implosion. Warren and Whit...
FTX collapse triggers second thoughts on Busan City’s crypto exchange plans
The FTX crash appears to have affected not only companies and investors but also entire cities that previously became partners of the troubled cryptocurrency exchange. South Korea’s second-largest cit...
Are Decentralized Exchanges More Attractive after FTX Collapse?
Sabrina Martins Vieira Even though decentralized exchanges have boomed with crash of FTX, road to spontaneous acceptance can be long Contents Advantages of decentralized exchanges But does this mean t...
FTX Collapse Is ‘Not a Crypto Failure,’ Says Minnesota Rep. Tom Emmer
Minnesota Representative Tom Emmer took both former FTX CEO Bankman-Fried and Securities and Exchange Commission chair Gary Gensler to task for the collapse of FTX and the resulting fallout. “Th...
FTX Collapse: ‘Emperor’ Bankman-Fried Had No Clothes
A face of the regime of Sam Bankman-Fried, the founder of FTX, was revealed on November 22 during the firm’s first hearing in Delaware bankruptcy court. The 30-year-old former trader was virtua...
US Congressman defends decentralization, blames SBF, Gensler, CeFi for FTX collapse
U.S. Congressman Tom Emmer said FTX’s collapse was not a crypto failure; instead, it was a failure of centralized finance (CeFi), Sam Bankman-Fried, and SEC’s Chairman Gary Gensler in a Nov. 22 Fox Bu...
FTX Collapse: Binance, Largest Crypto Exchange, Is Under Investigation
The FTX debacle is reverberating through the crypto industry and finance in general. The collapse of this crypto exchange, which in February was valued at $32 billion, shocked everyone. FTX filed for...
Onchain Data Shows FTX Collapse Was ‘Inevitable’: Report
Fallen crypto exchange FTX was quite likely doomed months ago once crypto project Terra went up in flames, according to Glassnode. In its latest report, the blockchain data firm said that FTX’s digit...
Could a Grayscale Bitcoin Trust collapse be the next black swan event? Watch The Market Report
On this week’s The Market Report show, Cointelegraph’s resident experts discuss what the ramifications would be if Grayscale Bitcoin Trust were to collapse. We start off this week’s show with the late...
FTX Collapse Highlights Urgent Need for Tighter Crypto Regulation – Regulation Bitcoin News
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, says the collapse of cryptocurrency exchange FTX has highlighted the urgent need for tighter crypto regulation. “We should ...
US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry – Featured Bitcoin News
Several U.S. senators have called on Fidelity Investments to reconsider allowing bitcoin in 401(k) retirement plans. “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly cle...
Bitcoin miners continue to sell as realized loss from FTX exceeds LUNA collapse
The biggest news in the cryptoverse for Nov. 22 includes the increasing rate of miner sellouts, realized Bitcoin loss from FTX fallout surpassing the losses caused by the Terra collapse, and Digital C...
CME’s Terry Duffy says he saw trouble before FTX collapse
A major exchange executive says he detected red flags months before the historic FTX collapse. CME Group chairman and CEO Terry Duffy said he suspected corruption at the cryptocurrency exchange the da...
Ethereum Blockchain Validator Income Surged Following FTX Collapse
FTX, the third biggest crypto exchange, filed for bankruptcy on 11 November 2022. How did the FTX Crash help Ethereum Blockchain Validator? FTX exchange collapsed in the second week of November and ...
A Timeline of FTX’s Collapse
The first twelve days of November were perhaps the darkest for 30-year-old Sam Bankman-Fried (SBF), as he not only lost his crypto empire but went from being a Bitcoin billionaire and crypto’s white k...
In the Wake of the FTX Collapse, Coinbase Shares (COIN) Fall to Another New All-Time Low
Shares in Coinbase (COIN) are plummeting to a new all-time low as the industry continues to deal with the aftermath of the collapse of FTX and its associated entities. Coinbase was already facing head...
Trader Who Called This Year’s Collapse Sets Price Targets for Ethereum, Cardano, Tron and Three Other Altcoins
The trader known for accurately predicting this year’s crypto market collapse is setting downward price targets for a slew of different altcoins in anticipation of another capitulatory event. The pseu...
After FTX Collapse, Binance Faces Fresh Probe In Singapore
Binance Singapore Probe News: In the wake of the FTX meltdown and global regulatory scrutiny, top crypto exchange Binance is under investigation by the Singapore authorities. According to reports, a f...
Bitcoin “Diamond Hands” Have Dumped 84.5k BTC Since FTX Collapse
Data shows the so-called Bitcoin “diamond hands” have shed 84.5k BTC from their holdings since the collapse of crypto exchange FTX. Bitcoin Long-Term Holder Supply Has Sharply Declined Recently Accord...
Binance Faces Examination In Singapore Following The Collapse Of FTX
The collapse of FTX crypto exchange is brewing several reactions both within and outside the crypto industry, such as the recent probe on Binance. First, from the sudden meltdown of the firm, an insol...
Cathie Wood’s Ark Buys $60 Million In Bitcoin, Crypto Stocks After FTX Collapse Even As Analysts Fear Contagion Risk
Topline Though bitcoin prices have plunged to the lowest level in two years, Ark Invest, the investment firm helmed by high-profile stock picker Cathie Wood, has doubled down on the struggling sector ...
MAS dispels Binance and FTX treatment misconceptions following the latter’s collapse – crypto.news
On November 21st, the Monetary Authority of Singapore (MAS) released a statement addressing a few misconceptions surrounding crypto exchange FTX and Binance. In the statement, MAS stated that they lis...
Industry expresses confidence in the NFT space amid the FTX collapse
Even before the FTX collapse, nonfungible token (NFT) collections have already felt the impact of the crypto winter, with trading volumes going down by 98%. With the FTX debacle, the once burgeoning s...
JPMorgan Sees a Silver Lining in FTX Collapse
JPMorgan said the FTX collapse could serve to dramatically accelerate cryptocurrency regulation, a belief echoed by other market players. The investment bank detailed the events leading up to the liqu...
Bank of America Quick to Defend Blockchain Technology after FTX Collapse
Join Our Telegram channel to stay up to date on breaking news coverage The collapse of FTX has reduced the confidence of investors in cryptocurrencies. However, the Bank of America (BofA) believes tha...
Lawmakers weigh what to do with Sam Bankman-Fried’s political cash after FTX’s collapse
FTX executives made a splash during the 2022 midterm cycle, spending millions on political donations and funding for their super PACs But after the exchange filed for bankruptcy protection, som...