Warren and Durbin, both longtime, outspoken crypto skeptics, said the collapse of FTX – which, until recently, had a $32 billion valuation and was largely perceived as one of the most stable exchanges...
Tag: Collapse
Tremors from FTX’s collapse reverberate through the scientific community
The fall of crypto exchange FTX appears to have already begun to impact the hundreds of grant recipients across a variety of philanthropic organizations backed by the exchange. During the COVID-19 pa...
U.S. House Financial Services Committee Plans Official Hearing on FTX Collapse: Report
The U.S. House Financial Services Committee is reportedly planning on holding an official hearing regarding the recent collapse of the crypto exchange platform FTX. According to a new report by The Wa...
Genesis Teetering on The Edge After FTX Collapse
Join Our Telegram channel to stay up to date on breaking news coverage Genesis, a cryptocurrency brokerage company, has announced it will suspend client withdrawals from its lending unit. According to...
Solana Plummets More Than 41% Over The Week Amid FTX Collapse
It’s been a choppy week for Solana. The 15th-largest cryptocurrency by market capitalization has lost 41.2% of its value over the past week, according to data from Coingecko. SOL, Solana’s native tok...
ATOM Price Steady Above Support Concerns of Collapse Remain
The Cosmos (ATOM) price is trading inside a Fib and horizontal support level. There are no decisive signs in either direction. ATOM is the native token of the Cosmos ecosystem. The ATOM price has fall...
Binance’s role in FTX collapse unclear to UK lawmakers: Bloomberg
UK lawmakers are not convinced by the evidence Binance provided to understand its role in the collapse of FTX, according to a member of Parliament. Binance sent answers to questions from the UK...
Dapp sector unmoved by FTX collapse
The cryptocurrency market, Web3, and the decentralized application (Dapp) sector were all rattled by the sudden collapse of the FTX crypto exchange and all of its associated organizations. From busine...
Pantera CEO says the impact of FTX collapse will be “insignificant”
On the 11th of November, CEO of Pantera Capital Dan Morehead stated in his tweet that the impacts of FTX’s bankruptcy will be “insignificant.” He believes that the important story is the derivatives e...
FTX collapse sees Bitcoin, Ethereum to be shorted the second and third-most amount
On-chain data shows that Bitcoin(BTC) is currently the third-most shorted cryptocurrency ever, while Ethereum(ETH) stands as the second-most shorted. Source: Glassnode Analyzing the average funding ra...
Who sold the most BTC in the aftermath of the FTX collapse? 10yr holders sell at highest ever rate
Aside from wiping out billions from the global market cap, the collapse of FTX also wiped out the confidence of even the most convinced Bitcoin holders. The market saw aggressive selling pressure last...
BlockFi Mulls Bankruptcy Filing and Layoffs in Wake of FTX Collapse, Met With Binance
In brief BlockFi has retained an advisor to look into a possible Chapter 11 bankruptcy filing, has approached Binance for help, and is looking at likely layoffs, sources told Decrypt. The crypto lende...
Crypto Market Fundamentals Remain Stable Following FTX Collapse
On Nov. 17, crypto compliance company Chainalysis posted a market update, and it was not all doom and gloom. The firm acknowledged that other companies may face insolvency issues in the wake of last w...
Crypto Lender SALT Halts Withdrawals After FTX Collapse
Crypto lending platform SALT said it is halting withdrawals today, the latest firm to do so amid the FTX-sparked contagion sweeping across the cryptocurrency landscape. “The collapse of FTX has ...
FTX Collapse Hits Asian Retail Trader Pockets the Hardest
It is hard to ascertain how many people have lost money due to the FTX collapse. However, data suggests that a lot of them are based in Asia. FTX International served clients outside of the United Sta...
FTX collapse was a ‘dumpster fire,’ says US lawmaker announcing investigative hearing
Members of the United States House Financial Services Committee have scheduled a December hearing aimed at exploring the collapse of crypto exchange FTX and “broader consequences for the digital asset...
U.S. House Committee To Hold Hearing On FTX Collapse
A hearing on the demise of the cryptocurrency exchange FTX is scheduled to take place in December by the U.S. House Financial Services Committee. The committee stated that it anticipates hearing from ...
SolChicks Concealed $20 Million Losses in UST Collapse: Analyst
Vladislav Sopov On-chain researcher ZachXBT shares leaked messages of SolChicks team, project responds Contents How to lose $20 million: “Do you have a strategy for UST?” Business restruct...
Crypto Cold Wallets in Ledger, Trezor Sales Moon After FTX Collapse
Decentralized exchanges (DEXs) are not the only businesses doing well after the seismic collapse of crypto exchange FTX last week. Hardware wallet manufacturers Ledger and Trezor both reported a huge...
FTX Collapse Gave Another Reason to Charlie Munger to Criticize Crypto
FTX Exchange filed for Bankruptcy after the collapse of the FTT token. Crypto is a “ very very bad thing,”- Charlie Munger. Recently the chairman of Wesco Financial and Vice president of Berkshire ...
Citi Analyst Joseph Ayoub Explained Market Risks After FTX Collapse
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Genesis Suspends Customer Withdrawals In Wake Of FTX Collapse
Following the collapse of FTX, the lending division of cryptocurrency investment bank Genesis Global Trading, has temporarily stopped redemptions and initiating any new loans as per the Interim CEO De...
FTX Collapse Slaps the Winklevoss Brothers
Cryptocurrency brokerages Gemini and Genesis are reassuring people that their operations are still solvent after the massive collapse of exchange FTX. The insolvency of FTX could result in more compan...
Senate Banking Committee eyes hearing on Sam Bankman-Fried’s FTX collapse
A key Senate committee could hold a hearing to investigate the collapse of crypto exchange FTX. The Senate Banking Committee is “working to schedule a hearing and details are forthcoming,” accor...
US House Committee to Hold a Hearing on the Collapse of FTX Next Month
The United States House Financial Services Committee will be holding a hearing into the collapse of the cryptocurrency exchange FTX and the “broader consequences for the digital asset ecosystem.” Rank...
Sam Bankman-Fried, Tom Brady and Steph Curry named in lawsuit over FTX collapse
Sam Bankman-Fried, former CEO of bankrupt crypto exchange FTX, has not had a good couple of weeks. The crypto maven known as SBF has seen his company go bankrupt and his net worth drop by billions of ...
Does FTX Collapse Increase Crypto Funds Inflows?
Recent months have been quite rough for crypto users as major projects got rugged or exploited or may be accidentally losing users’ funds. For crypto investors the whole year did not seem favora...
dYdX Could be Among Largest Beneficiaries From FTX Collapse: Report
The unforgivable mishandling of customer funds has left millions of users with trapped funds, crippled years of constructive industry reputation, and triggered new credit contagion risks. Amidst this ...
Binance role in FTX collapse under congressional scrutiny
Binance’s role in the sudden collapse of FTX, an event that sent reverberations around crypto markets, has come under congressional scrutiny, a senior House Republican confirmed to The Block. “T...
Institutional Crypto Lender Genesis Trading Halts Withdrawals, Citing 3AC and FTX Collapse
An institutional crypto brokerage is halting customer withdrawals, citing the downfalls of Three Arrows Capital (3AC) and FTX. In a recent announcement, blue-chip crypto lender Genesis says that while...
Tom Brady, Gisele Bundchen And SBF Sued Over FTX Collapse
Per a report from the Washington Examiner, NFL Legend Tom Brady and others are facing a class action lawsuit from FTX investors. The football player is one of the many celebrity ambassadors who vouche...