Binance CEO Changpeng Zhao is warning people after FTX’s collapse to avoid crypto projects that are displaying five key red flags. Zhao tells his 7.5 million Twitter followers what to look out for whe...
Tag: Collapse
CZ vows to be ‘more vocal’ about competition following FTX collapse
Binance CEO Changpeng Zhao says he will be loosening up his “policy to not comment on competitors (we call industry peers) publicly” following the collapse of FTX. “Going forwa...
JPMorgan Analysts Warns of Tough Times in Light of FTX Collapse
Bitcoin News The researchers elaborated on the decline in the number of strong competitors. The firm anticipated the price of Bitcoin falling below $13,000 as a result. On Thursday, experts at JPMorga...
13,000 ETH Burnt In The Last 3 Days As FTX Collapse
Crypto Live News Amidst the FTX-Alameda crisis, on-chain transactions have spiked which has resulted in burning of 13,000 ETH in just three days as reported by Etherscan. This is the result of users f...
FTX Collapse Have Impacted BAYC Floor Price
Fall of FTX has impacted the non-fungible tokens market too. BAYC floor price had a negative effect following the event. ApeCoin was trading at a market price of $2.9. Why The Bored Ape Floor Price is...
13,000 ETH Burned In A Few Days As FTX Collapse Causes Surge In On-Chain Transactions
– Advertisement – FTX collapse has an unexpected effect on Ethereum. A surge in on-chain transactions has led to the burning of 13,000 ETH in just three days, according to data from Ethers...
Scott+Scott Now Investigating FTX Collapse
– Advertisement – FTX Legal Woes Continue As Another Top US Law Firm Launches Investigation Into the Exchange’s Activities. Scott+Scott, an international law firm focusing on complex lit...
Ethereum becomes most deflationary in history as activity spikes amid FTX collapse
Ethereum became the most deflationary in its history, as the annual supply dipped below zero for the first time since the Merge. According to Ultrasound Money, the annual inflation rate has fallen to ...
This Hedge Fund Might Collapse Over FTX Hack
FTX Hack News: The FTX cryptocurrency exchange’s collapse has marked a major dent in the global digital asset market. It is expected that this decline might continue ahead. However, a major Hedge fund...
FTX Collapse Will Speed Up Crypto Framework
Crypto Live News While the crypto market tumbles down with an effect of FTX collapse, one of the leading American banking institutes, JP Morgan is of the opinion that this will benefit crypto space in...
Bitcoin Returns to Red, Tumbling 7% on FTX Collapse
Bitcoin (BTC) was recently trading at about $16,675, down nearly 7%. The largest cryptocurrency by market capitalization was still hovering near $17,000 when CoinDesk reported that FTX, the once-widel...
US Midterm Elections and FTX Collapse: How Twitter is Reacting?
Today, there are two major events playing out that will set the course of the crypto market in the future: the US midterm elections and the near-collapse of FTX. And Twitter is blowing up with opinion...
SEC Chair Gensler Discusses Crypto Regulation Following FTX Collapse — Says This Field Is ‘Significantly Non-Compliant’ – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined two paths the agency is taking to regulate the crypto industry. Meanwhile, a U.S. congressman is investiga...
Binance CEO Says More Cryptos Will Follow FTX and Collapse
Binance CEO Changpeng Zhao compared the current events unfolding around FTX to the start of the 2008 financial crisis and the Lehman Brothers collapse. Due to the prominence of FTX and its high level ...
FTX’s stunning collapse nothing like Theranos, says venture investor and crypto bull Tim Draper
Tim Draper, founder and managing partner of Draper Associates and Draper University, balked at comparing the stunning implosion of crypto trading platform FTX to the notorious biotech startup Theranos...
U.S. Senators demanding better consumer protection after FTX collapse – crypto.news
The US senators have decided to continue with the SBF back bill despite the almost imminent collapse of FTX. According to the latest news reports, the legislation is set to protect digital consumers f...
FTX bankruptcy: Tom Brady, Steph Curry set to lose big from company’s collapse
Former FTX CEO Sam Bankman-Fried lost his entire $16 billion fortune in just a few days after his company filed chapter 11 bankruptcy protection on Friday, but he’s not the only high-profile investor ...
A-Z of how NFT ecosystem has been impacted by the potential collapse of FTX
Since news broke about the potential collapse of FTX, interest in NFTs has dropped. The NFTs ecosystem has been hit with a drop in general market capitalization, sales volume, transactions count in th...
FTX’s Collapse Could Finally Be ‘Catalyst’ for Regulation
Peirce did not state which agency should be responsible for regulating the crypto industry, and added that “having one regulator devoted to crypto could be problematic.” She did, however, suggest that...
FTX’s stunning collapse: what really happened
Join Our Telegram channel to stay up to date on breaking news coverage The scenario of what transpired in this case seems somewhat of a classic: one rival, Binance, saw a chance to try to eliminate an...
California regulators to investigate FTX crypto exchange collapse
The Department of Financial Protection and Innovation (DFPI) in the state of California announced on Nov. 10 that it will open up an investigation as to the “apparent failure” of the cryptocurrency ex...
US senators commit to advancing crypto bill despite FTX collapse
The two U.S. Senators said the downfall of FTX clearly exemplified “the need for greater federal oversight of the digital asset industry.” United States senators Debbie Stabenow and John Boozman have ...
Matrixport’s BTC Fixed Income Product Affected by FTX’s Collapse
“The products of Matrixport that have been affected by the inability to withdraw from FTX are (1) the BTC Fixed Income Products (Including BTC Fixed Income Products and Smart Trend Products that...
FTX Collapse Triggers Over 80K Bitcoin Outflow From Exchanges
FTX’s collapse has significantly dented the confidence of investors in centralized crypto exchanges. Amidst the subsequent financial turmoil and reports about the troubled crypto exchange tapping cust...
In Light of the FTX Collapse, Team Behind Chainlink (LINK) Offers a Proof of Reserve Solution
The team behind Chainlink (LINK) says the decentralized oracle network is offering a service that can address the transparency issues in the crypto industry after the recent FTX fiasco. According to C...
Crypto Market Lost $200 Billion Due to FTX Collapse, No Recovery Signs
FTT is down nearly 93% from its August highs due to the FTX exchange crisis. Buyers try to hold off the sale, thus it is up 6% in the last 24 hours. The FTX price stops at its March 2020 lows, near th...
BlockFi halts withdrawals in the wake of FTX collapse
BlockFi has fallen victim to the collapse of the FTX behemoth. BlockFi said on November 11 that “business as usual” was no longer possible. It cited a lack of clarity surrounding FTX, FTX.US, and Alam...
FTX Collapse Sparks Alarm From US Lawmakers
“For four years, under my leadership as Chairwoman, the Committee on Financial Services has led the way in examining and investigating the cryptocurrency marketplace. This includes the Committee...
Tether also suffers the collapse of FTX
USDT, the stablecoin issued by Tether, fell 1% below its peg to the US dollar due to continued market turmoil, a direct result of the collapse of the FTX exchange. The largest stablecoin on the marke...
Here’s What Lead to FTX Collapse – Jesse Powell Highlights “Red Flags”
The largest cryptocurrency exchange in the world, Binance, and FTX’s failed agreement have caused the crypto market to collapse completely. However, the fiasco was brought about by statements made by ...
BlockFi halts withdrawals following FTX collapse
A cryptocurrency lending platform BlockFi announced yesterday that it would limit its operation and could not conduct business as effectively as before with FTX. It paused the customer withdrawals cit...