The beachfront of the Abaco Inn on Elbow Cay, one of the Abaco Islands in the Bahamas, March 1986. … [+] (Photo by Slim Aarons/Hulton Archive/Getty Images) Getty Images The bullish narrative aro...
Tag: Collapse
The collapse of FTX: the worst crypto catastrophe
There are still many unanswered questions in the collapse of Sam Bankman Fried‘s popular cryptocurrency exchange, FTX. This episode, however, has seriously dented confidence in the industry and encour...
UK Treasury Committee to probe Binance’s role in FTX collapse
Lawmakers in the U.K. have asked Binance to submit internal discussions and documents relating to its attempted purchase of FTX and the sale of the bankrupt exchange token FTT, Bloomberg News reported...
Senate Banking chair warns crypto could ‘crash our financial system’ following FTX collapse
Senate Banking Committee Chair Sherrod Brown, D-Ohio, is sounding the alarm on crypto following FTX’s collapse. “This year we’ve seen cryptocurrency values collapse by $2 trillion. 2,000 ...
Lawmakers Grill Binance Over FTT Tokens Selloff That Triggered FTX Collapse
Crypto exchange Binance on Tuesday said it agreed to submit evidence related to the proposed FTX acquisition deal and decisions to liquidate FTT token holdings to the UK Parliament’s Treasury Committe...
FTX’s Collapse Will Push Institutional Adoption Of Crypto
Some worry that FTX’s collapse will shake the relationship between institutions and cryptocurrencies. Institutional investors like JP Morgan believe, however, that the debacle will entice financial in...
Solana Foundation Exposed to FTX Collapse via Direct Investments
The Solana Foundation has 3.24M shares of FTX Trading LTD common stock, 3.43 million FTT tokens, and 134.54M SRM tokens. As more cryptocurrency companies report their digital assets’ balance sheet, So...
Binance CEO Announces ‘Industry Recovery Fund’ Amid FTX Exchange Collapse
In the wake of the collapse of the crypto exchange FTX and its sister company Alameda Research, Binance announced the formation of what it calls an “industry recovery fund” aimed at salvaging crypto p...
Uniswap: Here is how the leading DEX was impacted by the collapse of FTX
Following FTX’s collapse on 7 November, Uniswap saw an increase in user activity. Its daily new transacting wallets rallied to a 2022 high of 55,550 wallets. Uniswap V2 and V3 saw increased ETH transa...
Citadel CEO calls FTX collapse as absolute travesty
Citadel CEO Ken Griffin in an interview targets the collapse of the cryptocurrency exchange FTX. He dubbed it a travesty since it put investors at risk of losing billions of dollars. The billionaire a...
FTX collapse is Trust Wallet Token’s gain — Why did TWT price soar 150% in six days?
Trust Wallet Token (TWT) has surged by nearly 150% in the last six days, bucking the downturn in the cryptocurrency market, whose net capitalization has crashed by almost $100 billion in the same peri...
What Does The FTX Collapse Mean For The Future Of Crypto?
The sudden collapse of FTX is a big story, although there’s a lot of misinformation out there as to what actually happened & what it means for the crypto world more broadly. Fundamentally, this is...
Michael Saylor warns FTX collapse could push regulators to suppress crypto innovations
MicroStrategy executive chairman and former CEO Michael Saylor has acknowledged that regulators will be forced to act after the FTX cryptocurrency exchange crisis. According to Saylor, regulators are...
Buterin, Mow, and Song Give Their Take on FTX Collapse
Join Our Telegram channel to stay up to date on breaking news coverage Crypto industry leaders are sharing their thoughts on the collapse of the FTX cryptocurrency exchange. While speaking at a recent...
Congressman Brad Sherman Blames ‘Billionaire Crypto Bros’ for the FTX Collapse
Congressman Brad Sherman, Chairman of the Subcommittee on Investor Protection and Capital Markets, in a statement regarding the collapse of FTX, has blamed ‘billionaire crypto bros’ for deterring prop...
FTX Collapse Sees Long-Term Bitcoin Holders Shift to Distribution
Another metric, the long-term holder net position change, shows more than 48,000 BTC were spent in the week ended Nov. 13. Glasnode defines long-term holder supply as the one that is statistically the...
Bitget Raises Its Protection Fund to $300M to Reassure Users After FTX’s Collapse – Press release Bitcoin News
press release PRESS RELEASE. Nov 15th, 2022 – Leading global cryptocurrency exchange, Bitget announces that it will increase its Protection Fund to 300 Million USD, in order to provide better protecti...
UK crypto inquiry asks Binance if it knew it would collapse FTX
The UK Government began an inquiry into the crypto assets industry yesterday. Officials from the likes of Binance and Ripple were asked if crypto could be compared to 17th-century tulip mania and if B...
This Week on Crypto Twitter: FTX’s Collapse as It Happened, in Tweets
Illustration by Mitchell Preffer for Decrypt This week, the crypto industry witnessed one of the most sudden and devastating contractions of wealth in financial history. Sam Bankman-Fried’s $16 billio...
The Collapse of Crypto Exchange FTX More Like Enron Than Lehman
Bernstein says there needs to be a distinction made between the centralized custodial players in crypto, namely the exchanges, custodians, and crypto banks, as this is where regulation is coming. This...
Centralized Exchanges Are Reason for Crypto Collapse
2 seconds ago | 2 mins read Exchange News JP Morgan stated centralized exchanges are the key player in the recent crypto collapse. Regulatory bodies initiated an investigation into the defeat FTX exch...
Which RISKY Crypto Exchanges might collapse?
The bankruptcy of FTX and the implosion of the FTX token has triggered a severe crisis in the crypto market. Confidence in the crypto market and its institutions has been severely damaged in the past ...
FTX collapse could see crypto sector layoffs accelerate
The fall of crypto exchange FTX and potential resulting contagion could lead to an acceleration of crypto-company layoffs in the coming months, recruitment specialists warn. A Nov. 14 report from cryp...
10 Best Cryptos To Buy Now After Market Crash, FTX Collapse and Hack
Join Our Telegram channel to stay up to date on breaking news coverage From a successful investment viewpoint, the crypto bear market presents chances never before seen. Since the general market for d...
Let’s move on from FTX’s collapse and get back to the basics
Pundits are calling the collapse of the FTX exchange the end of cryptocurrency and venture capitalism related to it. But it’s not. Some of them anointed Sam “SBF” Bankman-Fried “The King of Crypto” — ...
FTX collapse followed by an uptick in stablecoin inflows and DEX activity
On-chain data from Glassnode show Bitcoin’s (BTC) movements hit a new record for the largest net decline in aggregate BTC balances on exchanges, reducing by 72,900 BTC in one week. A similar movement...
Latest news on FTX collapse and crypto market state
Join Our Telegram channel to stay up to date on breaking news coverage The tremors from last week’s massive earthquake in the trillion-dollar crypto industry continued to reverberate on Monday. Prices...
Find Here What US Lawmaker Said on Collapse of FTX
In a recent Press Release published on November 13, 2022, by the U.S. House of Representatives, Congressman Brad Sherman, Chairman of the Subcommittee on Investor Protection and Capital Markets, made ...
These Cardano DeFi Projects’ User Base Surges at Double-digit Rate After FTX Collapse
Gamza Khanzadaev Cardano DeFi projects win from FTX collapse as user base growth rate surges The collapse of FTX, once one of the world’s largest crypto exchanges, marked a renaissance in decent...
Amid FTX collapse, crypto funds see largest inflows in 14 weeks
Inflows into cryptocurrency investment products rose sharply last week as institutional investors bought the dip amid the marketwide collapse triggered by FTX and Alameda Research’s bankruptcies. Dig...