The collapse of FTX wreaked havoc on the market, wiping out billion from the market cap. Bitcoin took its heaviest hit this year, dropping to a low of $15,500 and struggling to break through the stron...
Tag: Collapse
SBF Deepfake Scam Offers Users ‘Compensation’ for FTX Collapse
In brief A verified Twitter user posing as FTX founder Sam Bankman-Fried shared an apparently modified video pointing to a crypto scam. The apparent scam promises “compensation” for FTX’s recent colla...
What Is Crypto Contagion? How It’s Spreading After FTX Collapse
When a large institution like the cryptocurrency exchange FTX implodes, it drags others down with it. That dynamic is what’s referred to in finance as contagion, or the tendency for a financial crisi...
These Countries Were Majorly Impacted by The FTX Collapse
The shock-waves sparked by the FTX and Alameda’s fallout have awakened regulators’ attention on centralized cryptocurrency exchanges. While the timeline for recovering FTX assets may take years, globa...
Fresh Report Names Top 3 Countries Affected by FTX Collapse, but There’s Catch
Three Asian countries have been singled out for being hit the most by FTX’s unfortunate collapse. Crypto market data analytics firm CoinGecko has just published a report on the impact of the FTX colla...
FTX Collapse Similar to Enron Than Lehman Brother- Lawrence Summers
Lehman Brothers was an American financial firm whose bankruptcy led to recession. Enron’s collapse is also in the category of one of the biggest collapses in the market. Lawrence Summers is a well-k...
As the FTX collapse highlights diversification, Decentraland DAO considers pausing grants
Join Our Telegram channel to stay up to date on breaking news coverage The metaverse platform’s community decision-making tool, the Decentraland DAO, is holding a vote on whether to stop its grants pr...
Bitcoin Shorts Hit Two-Year Record As The FTX Collapse Makes Waves, CoinShares Reports
As bad news regarding FTX’s bankruptcy keep appearing in crypto (and mainstream) media, investors have rushed to bet against bitcoin and the crypto market, with bear positions hitting two-year highs. ...
CEX Education Program Launched by Bitcoin.com as Centralized Services Collapse
Vladislav Sopov CEX Education Program designed to reward collapsed CEX victims with VERSE, native token of Bitcoin.com’s new wallet Contents Bitcoin.com announces CEX Education Program with VERS...
FTX was under US prosecutors radar before collapse
The Attorney’s Office of the Southern District of New York was investigating FTX months before its collapse The investigation was related to United States Bank Secrecy Act The most infamous crypto exc...
Crypto Markets Nervous as the FTX Collapse Dents Institutional Confidence
Bitcoin (BTC) dropped to the $15,500 level, nearing a two-year low, amid a gloomy market climate following the FTX collapse. The largest cryptocurrency by market capitalization was trading as low as $...
Ethereum Co-Founder Vitalik Buterin Discusses FTX Collapse — Says ‘Centralized Anything Is by Default Suspect’ – Featured Bitcoin News
Ethereum co-founder Vitalik Buterin says many people in the Ethereum community see the FTX collapse “as a validation of things they believed in all along: centralized anything is by default suspect.” ...
Crypto market liquidity dries up following Alameda and FTX collapse
The crypto market has experienced a liquidity dry up in the wake of the collapse of crypto exchange FTX and its sister trading firm Alameda Research, according to data provider Kaiko. The firms...
Prosecutors investigated FTX for months before collapse: Bloomberg
The U.S. Attorney’s Office for the Southern District of New York was investigating FTX months before the crypto exchange filed for bankruptcy protection, Bloomberg reported. Prosecutors were spe...
The collapse of Binance or Tether will be “Game Over” for crypto: Shibetoshi
The developer of Dogecoin, Shibetoshi Nakamoto trusts that a collapse of the crypto exchange like Binance and the stablecoin-issuer Tether can seriously damage the crypto industry completely. He also...
How to handle the losses, confidence collapse. Experts weigh in.
The downfall of crypto exchange FTX and its founder Sam Bankman-Fried (SBF) has been described as the “Lehman Brothers” moment of cryptocurrency. Its demise is impacting other cryptocurren...
BoE speculates FTT token fire sale may have sparked FTX collapse, calls for widespread regulation
Bank of England’s (BoE) Deputy Governor for Financial Stability Jon Cunliffe published a speech on Nov. 21, where he said that the FTX collapse was triggered by an FTX Token run and that the crypto sp...
Caroline Ellison and the secrets behind the collapse of FTX
The once obscure figure of Caroline Ellison has recently emerged as a major figure behind the apparent success and then surprising collapse of FTX. The exchange, whose token is FTT, has suffered colla...
Coinbase, MicroStrategy Bonds Tank as FTX Collapse Dents Institutional Confidence in Crypto
Bonds issued by cryptocurrency exchange Coinbase (COIN), and MicroStrategy (MSTR), a business-intelligence company and investor in bitcoin, have slumped as investor confidence in the industry slid in ...
Traders Flee Crypto Markets After FTX Collapse
(Bloomberg) — The wild-west days of crypto markets are back again as the large trading houses that once thrived on arbitraging price gaps pull back in the wake of FTX’s collapse. That’s opening ...
Bitcoin During Mt Gox vs FTX Collapse – Will It Survive The Crash?
BTC hit its 1-year-low of $15,682 owing to FTX’s demise. The bankrupted exchange, FTX, held 20,000 BTC before its collapse. Bitcoin was pushed into the longest crypto winter after Mt Gox’s collapse. T...
FTX’s Collapse Clears The Path
Binance CEO Changpeng Zhao said that the recent crash of FTX, while forcing destructive effects and unexpected changes, will bring the industry into a much better place in the long run. “This incident...
South Korea and Singapore Hit Hardest by FTX Collapse: Report
On Nov. 20, crypto market data portal CoinGecko released a report on the countries most impacted by the FTX collapse. Unsurprisingly, most are in Asia since U.S. investors were using FTX.US, not the i...
Governance Tokens Toncoin (TON), Compound (COMP) And Snowfall Protocol (SNW) Rise After FTX Collapse!
Two Governance tokens – Toncoin (TON) and Compound (COMP) – have lifted the mood of crypto investors with their performances in the market after the shock implosion in the FTX exchange. There is also...
The FTX collapse not enough to break crypto community’s spirit: IBW 2022
Istanbul Blockchain Week opened its doors on Nov. 14 to bring the crypto and blockchain ecosystem together in İstanbul, Turkey. Cointelegraph attended the event with a Cointelegraph Turkey booth and a...
Vitalik Buterin offers lessons for crypto in wake of the FTX collapse
Ethereum co-founder Vitalik Buterin has spoken out in the wake of the FTX collapse, offering his thoughts and some positives from one of crypto’s biggest black swan events. In a Nov. 20 Bloomberg inte...
The Impact of FTX Collapse on Total Crypto Market Cap
The previous week of the crypto world was full of issues. It attracted the attention of most of the investors. The market responded to all recent ongoings with Bitcoin and other cryptocurrencies tradi...
Who is Caroline Ellison and how did she end up at center of FTX collapse?
The collapse of Sam Bankman-Fried’s cryptocurrency exchange FTX has led to an increased focus on the role played by Alameda Research and its CEO Caroline Ellison in the firm’s implosion. E...
FTX Collapse: 50 Creditors Seeking $3 Billion
Bankrupt cryptocurrency exchange FTX said its top 50 creditors are seeking $3 billion in claims. The insolvent company released the amount of the claims of each of the top creditors, but did not name ...
See, How Ripple CEO is Reacting After FTX Collapse?
Recently, Brad Garlinghouse, the CEO of Ripple said that his firm would be interested in companies owned by FTX that serve business customers. He is also interested in buying certain parts of collapse...
Bitcoin, other crypto start week lower as FTX collapse continues rumble through the industry
Bitcoin and Ether both fell in Monday morning trading in Asia along with all of the top 10 non-stablecoin cryptocurrencies by market capitalization. With the exception of XRP, all the top 10 also lost...