The United States House Committee on Financial Services plans to hold a hearing into FTX collapse in December. According to the press statement, the committee would “hear from the companies and indivi...
Tag: Collapse
Ethereum’s Vitalik Buterin Shares Insights on FTX Collapse
Prior to its collapse, FTX and its sister trading firm, Alameda Research put up the front as a lender of last resort and made attempts to save the bankrupt firms in the cryptocurrency ecosystem. Vital...
US House Committee to Investigate and Hold Bipartisan Hearing on FTX Collapse – Bitcoin News
The U.S. House Financial Services Committee is planning to investigate the FTX collapse, according to a joint press release published by the committee’s chair Maxine Waters and representative Patrick ...
Top House Committee to Hold Hearing Into FTX Collapse
Rep. Maxine Waters (D-Calif.) and Rep. Patrick McHenry (R-N.C.), respectively the chair and ranking member of the committee, said in a joint statement that the lawmakers would want to hear about the c...
U.S. House committee to hold hearing on FTX collapse and crypto fall out
The House Financial Services Committee will hold a hearing next month on FTX’s collapse and the broader implications for the digital asset industry. The committee says it expects to hear from “t...
Crypto Hedge Fund Ikigai Caught in FTX Collapse, Large Majority of Firm’s Total Assets Stuck on Exchange: Founder
The crypto hedge fund Ikigai says most of its assets are stuck on the collapsed FTX digital asset exchange. Ikigai founder and Chief Investment Officer Travis Kling tells his 89,900 Twitter followers ...
‘Exit All the Markets’, Says Trader Who Called the 2022 Crypto Collapse – Here’s Why
The trader known for accurately calling this year’s big Bitcoin (BTC) and crypto market crash says investors are better off being 100% out of the markets for now. The pseudonymous analyst known as Cap...
LFG audit raises questions about Jump Trading and Terra collapse
According to a new independent report, Luna Foundation Guard (LFG) transferred more than 52,000 bitcoin (BTC) from its reserves to Jump Trading as part of its efforts to defend the price of terraUSD (...
FTX’s collapse: Hayman Capital’s Kyle Bass says ‘there’s more to come’
FTX’s collapse is still causing reverberations across the crypto market, with the latest crypto news being Genesis’s lending business halting customer withdrawals. Kyle Bass, the founder and CIO of Te...
Bitcoin 7-Day Volatility Comes Alive As FTX Collapse Shakes Market
Data shows the Bitcoin 7-day volatility has come alive during the last week as the collapse of crypto exchange FTX has shaken up the market. Bitcoin 7-Day Volatility Has Spiked To Values Above 7% Acco...
BlockFi to File for Bankruptcy Protection Amid FTX Collapse
Troubled crypto lending platform BlockFi is in the works to file for Chapter 11 bankruptcy protection due to its financial issues, the Wall Street Journal revealed on Tuesday. BlockFi Struggles Amid F...
The FTX Collapse Shows The Need for True Decentralization
Advertisement     FTX, one of the biggest exchanges in crypto, has not done the industry any favours over their disaster. While the situation is very complex, the key ...
FTX Collapse Created ‘Unprecedented Market Turmoil’
Topline Cryptocurrency exchange Genesis on Wednesday suspended withdrawals within its lending unit and blamed the recent collapse of exchange FTX for spurring a spike in withdrawal requests that exace...
Genesis Halts Withdrawals for its Lending Arm Following FTX’s Collapse
Crypto brokerage firm Genesis Global Trading has paused withdrawals for its lending business, which has been impacted by the FTX crisis. The company blamed large withdrawals from customers due to the ...
Investigations Into The Collapse Of The FTX Empire Under Way ⋆ ZyCrypto
Advertisement     In a November 14, 2022, media release update on FTX, the Securities Commission of The Bahamas (SCB) confirmed that it had applied to the Supreme Cour...
Bitcoin, FTX, and impact of the exchange’s collapse on BTC HODLer conviction
Bitcoin’s price was gravely impacted by the failure of FTX. On-chain metrics suggested a shift in HODLer’s behavior. The sudden collapse of Sam Bankman-Fried’s crypto empire left the general cryptocur...
Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse – Exchanges Bitcoin News
The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United ...
Ikigai hedge fund hit hard by FTX collapse – crypto.news
A prominent hedge fund, Ikigai Fund, becomes the latest company to reveal its exposure to Sam Bankman-Fried’srecently dissolved crypto exchange, FTX. Chief Investment Officer Travis Kling disclosed th...
Decentralized Platform & DeFi is Formost-The Lesson Learnt After the SBF’s FTX Collapse
As the centralized crypto exchanges fume, the decentralized, DeFi protocols are gaining huge popularity. Data front the popular analytic platform Nansen suggests a huge jump in the DeFi protocols in t...
Liquid Global Halts Withdrawals As FTX Collapse Impacts Markets
FTX-owned crypto exchange Liquid Global has announced that it is suspending all crypto and fiat withdrawals as the FTX collapse continues to affect the markets. FTX acquired the Japan-based crypto tr...
BlockFi Preps For Potential Bankruptcy After FTX Collapse
BlockFi yesterday acknowledged considerable exposure in the form of not just assets on the exchange but also additional obligations owed by FTX, especially an undrawn line of credit from FTX, despite ...
Solana (SOL) Loses 60% Of Its Market Value After FTX Collapse
The Solana (SOL) ecosystem, according to Laguna Labs Chief Executive Officer (CEO) Stefan Rust, took a harder hit compared to other major digital coins such as Bitcoin and Ethereum following the colla...
Anthony Scaramucci, Former Trump Ally, Lost Money in FTX Collapse
The abrupt implosion of the cryptocurrency exchange FTX, valued at $32 billion in February, resonated like an earthquake in the crypto industry and business circles. Overnight, many retail and institu...
FTX Collapse About to Claim First Huge Victim: BlockFi
The first big victim of the unexpected collapse of the FTX cryptocurrency exchange has now emerged. It’s cryptocurrency lender BlockFi, which was bailed out last summer by FTX and its founder a...
Cryptocurrencies Trade in Sync After FTX Collapse – Just Not With Stocks
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Yellen Says FTX Collapse Shows Weaknesses of Entire Crypto Sector — Fed’s Brainard Pushes for Strong Regulation – Regulation Bitcoin News
U.S. Treasury Secretary Janet Yellen and Federal Reserve Vice Chair Lael Brainard have stressed the need for strong crypto regulation. Yellen said the FTX collapse shows “the weaknesses” of the entire...
Days After The Tumble — Here’s How Other Exchanges Reacted To FTX’s Collapse ⋆ ZyCrypto
Advertisement     After FTX rocked the industry, exchanges scurried to reassure their users that all was in order with their operations. Coinbase’s CEO stated that cus...
Nayib Bukele Still Thinks Highly of Bitcoin, Compares it to FTX Collapse
El Salvador is the first country to accept Bitcoin as a Legal tender. Bitcoin is one of the most popular cryptocurrencies with the biggest crypto market. Once again, on 14 November 2022, Nayib Buke...
FTX Collapse was not Unprecedented, Said Dogecoin Creator
Recent collapse of Bahamian crypto exchange FTX has caused many activities to take place as its ripple effect. More or less the abrupt collapse of Bahamian crypto exchange came as a surprise but many ...
DeFi Weekly Exchange Volume Hits $32 Billion Amid FTX Collapse
The shockwaves from FTX’s historic collapse are still being felt across the industry today, but some industry segments, like DeFi, are actually doing better because of it. Trading volumes on decentral...
Coinbase, Binance Will Fill Power Vacuum Left by FTX Collapse, Predicts Skybridge Capital CEO Anthony Scaramucci
Skybridge Capital CEO Anthony Scaramucci says he expects other crypto exchange leaders will step up to fill the void left by the collapse of FTX. In a new interview at the Bloomberg New Economy Forum ...