Microstrategy founder and bitcoin enthusiast Michael Saylor said Silvergate was “responsible” amid the collapse of other crypto institutions including the FTX exchange and said he’d ...
Tag: Collapse
Ripple Reacts to UK’s New Crypto Regulation Move in Wake of FTX Collapse: Details
Following recent market developments, including the demise of FTX Exchange, the U.K. has officially announced plans to regulate the cryptocurrency industry. The government presented some proposals in ...
Smart Contract Token Market Soars to $332 Billion; Defi Value Reaches High Not Seen Since FTX Collapse – Defi Bitcoin News
The smart contract token economy rose 5.6% against the U.S. dollar on Thursday, reaching $332 billion. Additionally, the value locked in decentralized finance (defi) increased to nearly $50 billion, a...
How to Navigate Crypto Trading Risks After FTX Collapse
Jason Urban, the head of Galaxy Digital’s trading desk, recently spoke to Forbes about the company’s experience with trading platform FTX, which collapsed in November of last year. At the time, CEO Mi...
$90 Billion Collapse of Billionaire Adani’s Empire
The break was short, very short. Accusations of fraud, stock-market manipulation and illegal practices made by the New York short-seller Hindenburg Research against Adani Group, the conglomerate of I...
Darktrace and Adani share price collapse are eerily similar
Darktrace (LON: DARK) share price has collapsed in the past few months as concerns about the technology company remain. The stock plunged to an all-time low of 199p, which was about 60% below the high...
Britain sets out plans to regulate crypto industry in wake of FTX collapse
British Prime Minister Rishi Sunak speaks during a Q&A at Teesside University, on Jan. 30, 2023. Oli Scarff | Wpa Pool | Getty Images NewS The U.K. formally laid out plans to regulate the cryptocu...
As Bitcoin rallies after FTX collapse, 25% of supply is held between $15.5k and $23k
Definition UTXO Realized Price Distribution (URPD) shows at which prices the current set of Bitcoin UTXOs were created, i.e., each bar shows the number of existing bitcoins that last moved within that...
US senators write to Silvergate Capital for answers on FTX collapse
It has been reported that a number of senators from the United States have sent a letter to Silvergate Capital, which is the parent business of Silvergate Bank, in which they ask for explanations rega...
Australian regulator is raising concerns about FTX collapse – Cryptopolitan
As stated in a document by the regulator Australian Securities and Investments Commission (ASIC), the introduction of FTX in Australia around March 2022 was addressed internally by the regulator, with...
Australian regulators investigated FTX before collapse
Australian securities regulators were investigating FTX as early as March 2022, according to emails obtained by The Guardian. The investigation looks to have begun after it became clear that FTX was o...
Australian financial watchdog had FTX under surveillance before its collapse
Australian regulators were allegedly on the lookout for FTX’s troubles six months before the crippled firm filed for bankruptcy protection from creditors. According to a publication issued by Guardian...
Australia’s ASIC aired concerns about FTX ‘eight months’ before its collapse
Australia’s financial regulator raised concerns about FTX’s local subsidiary up to eight months before the exchange’s collapse Approx. 30,000 Australian customers and 132 businesses are owed money or ...
Aussie regulator flagged concerns about FTX months before collapse: Report
Australia’s financial regulator reportedly raised concerns over FTX’s local Australian subsidiary as long as eight months before the exchange met its untimely end in November. According to documents o...
Australian regulators reported concern surrounding FTX – 8 months before its collapse
Australian regulators were concerned about FTX since March 2022 — 8 months before the crypto exchange collapsed, according to a report by The Guardian. Documents obtained by Guardian Australia indicat...
FTX and Alameda Research Collapse Sad Event but ‘Good for the Long Run’ Says DWF Labs Managing Partner – Interview Bitcoin News
While the collapse of the crypto exchange FTX and its affiliate Alameda Research is thought to have left many crypto players, including market makers, in the worst possible position, according to Andr...
Crypto Industry Must Act Now to Repair Damage After FTX Collapse
The digital assets industry has a significant responsibility to right the ship following FTX’s collapse, but Washington, D.C., has a responsibility as well. For digital asset innovation to benefit the...
Digital Surge narrowly avoids collapse
Despite having millions of dollars’ worth of digital assets locked up in the now-defunct FTX cryptocurrency exchange, the Australian cryptocurrency exchange Digital Surge looks to have barely av...
FTX collapse triggers 250k Bitcoin wipeout in Futures Open Interest
Definition Future’s Open Interest (OI) is the total amount of funds allocated in open futures contracts. While the Estimated Leverage Ratio is defined as the ratio of the OI in futures contracts...
Is crypto better or worse since its collapse? Here’s what CEOs at Davos said
While business leaders showed cautious optimism at this year’s World Economic Forum (WEF) in Davos, Switzerland, the same sentiment wasn’t felt for crypto. Compared to before, the once buzzy area of f...
investors trapped by the collapse of Genesis
Join Our Telegram channel to stay up to date on breaking news coverage Richard constantly tells his mum lies. He advises her not to worry when she inquires about the savings he is handling for her. Th...
Cardano [ADA]: Latest rally causes altcoin to trade at pre-FTX collapse level
ADA’s price has returned to its pre-FTX collapse level. Coin accumulation has rallied significantly in the last three weeks. According to data from CoinMarketCap, leading layer 1 coin Cardano [ADA] t...
Despite FTX’s Collapse, Miami’s Mayor is Still a Bitcoin Believer
Miami’s Bitcoin-bullish Mayor, Francis Suarez, remains faithful to the asset after the collapse of one of the world’s largest crypto exchanges shook confidence in the industry. The mayor suggested th...
FTX Collapse Claims Big Victim: Genesis Goes Bankrupt
Another renowned crypto firm is down. The fall of Sam Bankman-Fried’s crypto empire continues to wreak havoc on the cryptocurrency industry. Crypto lender Genesis Global Holdco LLC filed for b...
Former FTX US head makes “surprising” comeback after exchange collapse, securing $5M funding for startup – Cryptopolitan
Brett Harrison, ex-FTX.US President, is on the verge of creating a new cryptocurrency startup called Architect. However, the startup will be tailored to meet the needs of institutional clients. As rep...
Crypto Giant Genesis Files For Bankruptcy As Casualties Mount After FTX Collapse
Topline Cryptocurrency lender Genesis filed for bankruptcy late Thursday night, court documents show, the latest major player to fold and another blow to the sector as it struggles to recover from the...
Revolut pauses crypto launch following FTX collapse
London-based financial technology company Revolut will reportedly suspend plans to launch its crypto token amid the sudden downfall of crypto exchange FTX, which caused a ripple in the industry. Revo...
Ripple Lawsuit Ruling Looms, Here Are New Expectations in Wake of FTX Collapse
In the ongoing Ripple-SEC case, both parties have asked presiding Judge Torres for a ruling in their favor without a trial. The motions for summary judgment have been fully briefed, and now the ruling...
Jim Cramer blasts ‘dangerous’ $4.3B bailout of crypto bank — here’s how to prepare for a total collapse of crypto confidence
Facing a wave of withdrawals from skittish investors, a crypto-friendly bank is staying solvent thanks to an unusual multibillion-dollar loan — a move Jim Cramer says should knock you off your chair. ...
Miami’s nightclub scene impacted due to FTX collapse – Cryptopolitan
Miami’s nightclub spent a lot of money on champagne showers, young crypto entrepreneurs aren’t as visible in nightclubs as they used to be.When FTX fails, it won’t just hurt the Web3 and cryptocurrenc...
Ex-India RBI chief says crypto price collapse will unlock ‘true value’ of crypto
Former governor of the Indian central bank Raghuram Rajan said that the collapse in crypto prices last year suggests that the industry has received its deserved fate, according to Reuters. However, th...