Do Kwon is the founder of Terra Labs(Luna) and UST a infamous stablecoin that failed its holders and wiped out approximately $45 billion in public investment. Do Kwon is also known as the developer o...
Tag: Collapse
Coinbase Leaves Japan After Trade Collapse
Even if Bitcoin’s price has returned to where it was before the FTX crash, the sector is still being negatively affected by the contagion, which has forced the cryptocurrency exchange Coinbase t...
American trend forecaster G. Celente warns of global collapse making CBDCs thrive
Renowned American trend forecaster, Gerald Celente has extended his long-term projection of a global economic collapse, a factor that he predicts will accelerate the shift toward central bank digital ...
WBTC supply on Ethereum dropped 35% since LUNA collapse
Wrapped Bitcoin (WBTC) supply on Ethereum (ETH) plunged by over 35% to 183,450 since Terra (LUNA) collapsed in May 2022, according to Glassnode data. WBTC’s market cap fell to as low as $3.10 billion ...
‘Wolf Of All Streets’ warns Grayscale collapse would trigger ‘massive selling event’ for Bitcoin
With the battered cryptocurrency industry only recently starting to recover from the collapse of several of its major companies, questions are arising as to whether the market and its assets could tak...
Decentraland shoots up 73% to pre-FTX collapse level
Decentraland (MANA) has recorded a strong performance over the past week, growing 73% to $0.7090 at the time of press. This falls just short of MANA’s pre-FTX collapse price of $0.7137. Since Jan. 08,...
Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin – Economics Bitcoin News
A professor from Cornell University has warned about the potential effects a collapse of a major stablecoin could have on the U.S. bond market. Eswar Prasad said that if large stablecoins face a colla...
Former FTX US President Denies Involvement in FTX Collapse
– Advertisement – Brett Harrison, the former president of FTX U.S. has denied involvement in the FTX-Alameda debacle. 1/49 Many have asked questions about my time at FTX US and why I left ...
FTX Collapse: Bankman-Fried Takes On a Powerful Law Firm
Sam Bankman-Fried faces a series of criminal and civil charges, including alleged fraud. The trial of the disgraced founder of cryptocurrency exchange FTX and its sister company Alameda Research, a he...
Stablecoin collapse could impact U.S. bond market, economist warns
Economist Eswar Prasad warned that a bank run on Stablecoins could fallout into the U.S. bond markets if issuers sell U.S. Treasurys to honor redemptions. Prasad warned that if a bank run should occur...
Bitcoin Pushes Above $19K for First Time Since FTX Collapse
Steven Lubka, managing director of Swan Bitcoin’s private client department, said he expects inflation to continue to soften in the first half of 2023, which should give the Fed room to throttle...
Bitcoin Price Touches $20,000 For First Time Post-FTX Collapse
Tony Spilotro I’m Tony Spilotro. Behind the pseudonym, I’m a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passion...
Stablecoin reserves in centralized exchanges continue to fall after FTX collapse
Gradually, alongside the cryptocurrency industry, stablecoins are growing in strength and popularity. Their growth results from the stability they offer against cryptocurrency volatility. At the momen...
Despite the FTX Collapse, UK Wants to Become the Global Crypto Hub
British MPs and financial pundits are trying to gauge both the pros and cons of the crypto industry. MP Andrew Griffith notified the Treasury Committee of the recent crypto developments. As per Griffi...
Bitcoin blows past $19,000 for the first time since FTX collapse
Bitcoin surpassed $19,000 for the first time since Nov. 8, when FTX had a tentative deal to sell to Binance. The biggest cryptocurrency rose more than 8% over the past day. Traditional markets a...
Jamie Dimon Speaks Over The Recent Collapse in Crypto Industry
In a Tuesday interview, referring to the crypto currency industry, JPMorgan’s Chief Executive Officer (CEO), Jamie Dimon said that it was the government’s responsibility to protect investors. Ja...
Bankman-Fried blames Binance CZ’s ‘fateful tweet’ for FTX collapse
FTX cryptocurrency exchange founder Sam Bankman-Fried (SBF) has once again come out to explain what transpired in the run-up to the platform’s collapse alongside responding to allegations of fraud. I...
Silvergate received a $4.3B bailout after FTX collapse
Silvergate Bank received $4.3 billion from the San Francisco-based Federal Home Loan Bank last year, following the collapse of crypto exchange FTX, according to the firm’s Q4, 2022 flings. Silvergate’...
Tom Brady owned more than 1M FTX shares before collapse, a stake that’s likely gone
The FTX collapse has left the cryptocurrency world reeling, and former brand ambassador for the once $32 billion enterprise turned bankruptcy failure, Tom Brady, could stand to lose millions in its wa...
FTX Collapse: Dispute Between Billionaires Winklevoss, Silbert Escalates
FTX’s bankruptcy filing has reverberated again through the crypto space, and in a big way. Cameron Winklevoss, co-founder of the Gemini cryptocurrency exchange, has accused billionaire Barry Sil...
USDC adoption on Ethereum grows post-FTX collapse; USDT remains flat
After a brutal sequence of events led to the collapse of several crypto-related firms in 2022, FTX’s bankruptcy dealt a massive blow to public trust in centralized crypto entities. During this period ...
FTX Blew $40 Million On Meals, Private Jets, And Luxury Hotels In Less Than Nine Months Before Its Collapse ⋆ ZyCrypto
Advertisement     New court filing reveals troubled FTX splurged $40 million on luxury meals and flights before its collapse. A large chunk of the sum was spent on hot...
Former FTX.US President Brett Harrison Says He’ll Share His Story on Collapse of Crypto Exchange
Former FTX.US president Brett Harrison says he’ll share what he knows about the disgraced and bankrupt exchange “in time.” Harrison answered one Twitter user asking what the FTX.US exchange president ...
Sam Bankman-Fried Makes Rare Appearance Following FTX Collapse
Sam Bankman-Fried – the disgraced founder of fallen digital currency exchange FTX – made a rare appearance at the Deal Book Summit in New York on the last day of November last year. Sam Bankman-Fried ...
What happens to Tether, stablecoins in the event of dollar collapse?
Over the past decade, private cryptocurrencies have emerged as the latest iteration of money. This is especially true for stablecoins, which Harvard Business Review deemed “a private form of money,” o...
Binance USD Users Dumping Coins for Snowfall Protocol En Masse Following Impact of FTX Collapse
A black swan event like the FTX crash has rocked the entire crypto market. He brought down many cryptocurrencies with it. Between December 12th and 14th, Binance saw more than $6 billion in withdrawal...
FTX: still problems two months after the collapse
Despite the fact that it has now been almost two months since the crypto exchange collapsed, the problems for FTX do not seem to want to end. With the filing for bankruptcy management, the company’s ...
Damar Hamlin Released From Cincinnati Hospital And Has Returned To Buffalo A Week After Collapse
Topline Buffalo Bills safety Damar Hamlin has been released from a Cincinnati hospital and has returned to Buffalo nearly a week after he suffered cardiac arrest during a Monday night football game, w...
Bull Trap? Analyst Who Called Last Collapse Says Crypto Rally Will Turn Into Massive Correction
The popular crypto analyst who nailed Bitcoin’s (BTC) 2022 collapse says that the current market rally is likely a bull trap. The pseudonymous analyst known in the industry as Capo tells his 698,800 T...
DOJ Sets Up Communication Channel for FTX Collapse Victims
Government seeks to connect with the victims of the FTX collapse. Sam Bankman-Fried is charged with eight separate indictments. The US government took an initiative to reach out to the victims of the ...
Wintermute Made Staff Members Into Millionaires Before Market Collapse
Join Our Telegram channel to stay up to date on breaking news coverage Wintermute, one of the fastest-growing crypto funds in the world, made its employees millionaires before the latest market crash ...
Crypto Executive Reveals State of Solana Post-FTX Collapse, Comments on Dogecoin Rival BONK
A top executive of Solana (SOL) says the Ethereum (ETH) rival is bouncing back after suffering the impacts of FTX’s collapse. In a new Bloomberg interview, the head of strategy and communications at S...