The bankruptcy of Sam Bankman-Fried’s crypto empire continues to cause waves in the crypto space. The various firms continue to monitor each other to find out who will be the next collateral vi...
Tag: Collapse
FTX collapse and the crisis of confidence for Binance
Kaiko, the leading provider of data on the cryptocurrency market, as it does every year has examined the most significant market events of the fourth quarter. In particular, we will focus on analyzing...
FTX collapse may boost ‘further trust’ in crypto ecosystem — Nomura exec
The winds of crypto winter may be still blowing, but it doesn’t seem to be stopping venture capital firms from piling into cryptocurrencies. In fact, recent events influenced by the bear market,...
Solana Daily Active Wallets Now 3x The Size Seen Before The FTX Collapse
– Advertisement – The surge in daily active wallets comes despite the over 50% price decline the asset suffered in the wake of the FTX saga. The daily active wallets on all major protocols...
Fed: FTX Collapse Didn’t Pose Broader Market Risk to Financial System
FTX’s collapse did not pose a risk to financial markets outside of crypto, the Federal Reserve said at its most recent policy setting meeting in December. In minutes from its 2022 Federal Open M...
Storm Batters Northern California—Piers Collapse Amid Widespread Flooding
Topline A “brutal” storm system battered northern California this week, killing at least two people and causing significant flooding and erosion, as a band of heavy rain and wind gusts upwards of 100 ...
USDD Stablecoin Faces Possible Collapse Amid Huobi Insolvency Rumors
The bear market deepens as negative news and FUD keep popping up. The latest on the list of fear-causing information is Justin Sun’s USDD stablecoin and popular crypto exchange Huobi. Mike Alfred, an...
TradFi Fights for Tougher Crypto Rulebook in Wake of FTX Collapse
According to the World Federation of Exchanges, whose members include Nasdaq, the Intercontinental Exchange and the London Stock Exchange Group, the FSB should even “strengthen its stance in requiring...
Justin Sun’s USDD Stablecoin Could Collapse, Says Mike Alfred
Investor Mike Alfred recently stated that Justin Sun is Huobi’s shadow owner. Alfred mentioned that Justin has been sending billions of dollars worth of stablecoins around space. Alfred also warned th...
FTX Collapse Triggered $8,100,000,000 in Withdrawals at Crypto-Friendly Bank Silvergate: Report
The high-profile collapse of crypto exchange FTX has reportedly triggered a mass exodus from Silvergate, a crypto-friendly bank. According to a new report by The Wall Street Journal, the disintegratio...
Silvergate (SI) stock crashes 40% in premarket as FTX collapse impacts bank
Silvergate Capital Corp (NYSE: SI) had a run on its accounts when the cryptocurrency exchange FTX went bankrupt, causing the bank to liquidate assets at a significant loss to cover customer withdrawal...
SDNY FTX Task Force Will Look for Lost Customer Funds in FTX Collapse
The US Attorney Damian Williams reportedly announced a task force to look over the case of crypto exchange FTX collapse. Williams is the federal prosecutor in FTX’s case including founder Sam-Bankman ...
BTC and ETH most affected if DCG and Grayscale collapse
There is increasing pressure on Grayscale and the Digital Currency Group (DCG). In addition, customers of Gemini Earn have filed a class action lawsuit against both firms, and the Winklevoss twins hav...
Turkish lira collapse still underway
The USD/TRY exchange rate continued its consolidation phase despite positive Turkish inflation data. It was trading at 18.75, where it has been in the past few months. This price is a few pips below i...
3AC founder says DCG and FTX helped cause Terra collapse
In a recent Twitter thread, Zhu Su claimed DCG and FTX directly fueled the collapse of Terra, and that they could have helped Terra and 3AC peacefully restructure. 3AC founder says DCG helped Terra im...
U.S. regulators issue post-FTX collapse crypto warning to banks
U.S. banking regulators remain skeptical of banks holding digital assets. The Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. put out a jo...
Were SBF and FTX Involved In The Collapse Of The Terra Ecosystem? Discover The Truth Here.
Ever since the Terra ecosystem collapsed, the entire crypto space fell into a bear market, resulting in numerous fallouts and bankruptcies. Initially, it was believed that the selling pressure was orc...
“DCG, A Criminal Fraud” – 3AC Founder Accuses DCG For Terra Collapse
The year 2022 has been one of the most challenging years for the global markets, especially cryptocurrencies. The crypto world had several unfavorable events like bankruptcy where major companies such...
FTX Collapse: Bankman-Fried May Plead Not Guilty
Sam Bankman-Fried will start 2023 as he ended 2022 — in court. The fallen former king of crypto is at the heart of one of the biggest scandals that the young blockchain-powered financial servic...
Cathie Wood Looks Towards Potential Crypto Regulations Following FTX Collapse
The collapse of once a prominent crypto exchange FTX left bruising scars over crypto space. Many think of the instance to slow down the growth and push back the potential inflow. Ark Invest CEO Cathie...
ZEC Price Analysis: Zcash price action on the verge of collapse
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US lawmakers under pressure following FTX collapse: Report
Legislators in the United States seem to be reevaluating the crypto industry and its regulatory needs in light of FTX’s collapse. According to the Wall Street Journal, since the crypto exchange ...
FTX Collapse Was Led by Several Key Issues
Hindsight is 20/20 yet the red lights were obvious. Sam Bankman-Fried’s FTX crypto club for crypto bros was an ill-managed Medusa of companies replete with issues – pooling customer funds alongside it...
BTC Price Is Set as a Price Rebound or Collapse Is Imminent
Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Price Is in a Tight Range as a Price Rebound or Collapse Is Imminent – December 30, 2022 The BTC/USD price has remained s...
SBF white house meetings 2 months before FTX collapse exposed
At least four times in 2022, former FTX CEO Sam Bankman-Fried visited with government representatives at the White House, including one meeting that apparently took place only two months before his cr...
tech stocks collapse is worse than you think
The Nasdaq 100 index had a terrible year as the Federal Reserve embraced an extremely hawkish tone. The bank delivered a series of jumbo rate hikes that pushed the official cash rate to 4.50%. Inflati...
Crypto Analyst Who Predicted May 2022 Bitcoin Collapse Issues Dire Altcoin Warning – Here’s His Outlook
The crypto analyst who correctly called the collapse of Bitcoin (BTC) this year is now issuing a warning to investors about an impending altcoin implosion. Pseudonymous trader Capo tells his 694,900 T...
SBF met with Biden’s senior advisors 2 months before FTX collapse: Report
Former FTX CEO Sam Bankman-Fried met with government officials at the White House on at least four separate occasions in 2022, one of which reportedly occurred just two months before the fall of his c...
The FTX collapse is likely the bottom for the crypto market, if this one thing happens
When investors put money on an exchange, they shouldn’t have to worry if it’ll vanish tomorrow. Their only worry should be the price of their Bitcoin, Ethereum or other cryptocurrency investments. As ...
Wall Street’s Top Stars Got Blindsided by 2022 Market Collapse
(Bloomberg) — Marko Kolanovic and John Stoltzfus, two of the loudest stock bulls on all of Wall Street, were convinced of one thing at the outset of 2022: The Federal Reserve would go slow, very...
Former president of Russia says collapse of global financial system will accelerate crypto adoption
Dmitry Medvedev, the former President of Russia, believes that a worldwide financial collapse will result in a widespread acceptance of cryptocurrencies. He predicts that both the US dollar and the eu...
Collapse of the TVL crypto in 2022
In the crypto world, TVL refers to the so-called Total Value Locked, which is the total volume of funds locked specifically on decentralized finance protocols (DeFi). It is usually expressed as the c...