Former FTX CEO Sam Bankman-Fried is under scrutiny by prosecutors over the relationship between crypto exchange FTX and trading firm Alameda Research. SBF has reportedly made customers wire transfer m...
Tag: Explains
Jim Cramer explains why he likes the Shopify stock
Shopify Inc (NYSE: SHOP) is in the green this morning after the eCommerce giant said it saw record sales on Black Friday this year. Cramer shares his outlook on Shopify Inc According to the company th...
Binance CEO explains 127K BTC transfer, points at proof-of-reserve audit
Cryptocurrency exchange Binance is moving large amounts of cryptocurrency as part of its proof-of-reserve (PoR) audits, according to the CEO. Binance sent 127,351 Bitcoin (BTC), or more than $2 billio...
Moonstone Bank further explains Gemini and Revolut ties
It’s been an eventful week for rural Washington state bank Moonstone, previously known as Farmington State Bank. It may have found little to be thankful for over the holiday season. To summarize: Moon...
Moonstone Bank explains ties with Alameda Research and FTX – crypto.news
After questions arose recently concerning FTX’s $11.5 million interest in a small American bank Moonstone, the latter explained the ties. A spokesperson from the bank indicates that the demise of FTX ...
Singapore Regulator Explains Action Against Binance vs FTX
8 seconds ago | 2 mins read Exchange News MAS has taken any action against Binance rather than FTX. After Binance shut down in Singapore all users switched to FTX. The Monetary Authority of Singapore ...
CoinList Explains Deposit and Withdrawal Delays
CoinList has refuted any claims it is nearing insolvency despite the issues with deposits and withdrawals on its platform. Amid reports of a liquidity crunch, crypto listing platform and exchange, Coi...
Singapore Regulator Explains Action Against Binance vs FTX — Warns Even Licensed Crypto Exchanges Can Fail – Regulation Bitcoin News
The Monetary Authority of Singapore (MAS), the regulator overseeing the crypto sector, has defended the action it took against crypto exchange Binance and not the collapsed crypto platform FTX. The ce...
How bad is the current state of crypto? On-chain analyst explains
Despite the market downturn and the widespread negative sentiment in the industry in the wake of the FTX collapse, on-chain data still show reasons to be bullish on Bitcoin (BTC). As pointed out by o...
Warren Buffett explains his $750 million charitable donation on Thanksgiving eve
Warren Buffett Gerard Miller | CNBC Warren Buffett donated more than $750 million in Berkshire Hathaway stock to four foundations associated with his family on Thanksgiving eve, and the legendary inve...
Moonstone Bank explains ties with Alameda Research
Recent bankruptcy documents have revealed the relationship between Sam Bankman-Fried’s bankrupt Alameda Research and a rural bank in Washington called Farmington State Bank, now known as Moonstone. As...
Bahamas’ Regulator Explains Why it Made the Right Call to Seize FTX Assets
In a new press release, the Securities Commission of The Bahamas explained that only placing FTX Digital Markets into liquidation was not sufficient, citing the risks associated with hacking and breac...
Researcher explains ETH exodus from exchanges
Blockchain analytics carried out by a Nansen researcher has highlighted outflows of Ether (ETH) and stablecoins from centralized exchanges in the wake of FTX’s collapse. Nansen research analyst Sandra...
AAVE endures this exploit with minor injuries, but what explains the 40% drop
AAVE’s suffers an attack at the hands of the Mango Markets hacker Aave suffered minimal losses, with no impact on the price of the AAVE token The cryptocurrency market has taken a beating recently, ...
MEXC Global Vice President Andrew Weiner Explains the Appeal of Futures Trading – Interview Bitcoin News
A 6-year veteran of the crypto industry, Andrew Weiner serves as the Vice President of MEXC Global. As the former executive of RegTech and digital identity pioneer iComplyKYC, he worked with notable b...
Lawyer Explains Why Nov 30 Is Crucial
While the crypto community has been eagerly focused on the developments surrounding Genesis Trading and Digital Currenc Group (DCG) over the past few days, Ripple Labs continues to battle the U.S. Sec...
Bankman-Fried explains why FTX collapsed in new letter to employees
FTX founder Sam Bankman-Fried apologized to his former colleagues and explained why the crypto exchange failed in a new letter. The letter, sent Tuesday and reviewed by The Block, says that a se...
Bloomberg Analyst Explains Key Difference Between Current Crypto Crisis and Mortgage Meltdown of 2008
Alex Dovbnya Mortgage market helped people to get homes, while cryptocurrency market remains mostly useless, according to Joe Weisenthal Joe Weisenthal, co-host of Bloomberg’s Odd Lots podcast, ...
MAS Explains Reasons for Not Alerting Local Users About FTX
The Monetary Authority of Singapore stated that there was no reason to caution investors against FTX crypto exchange as it did with Binance because the former did not actively solicit users in Singapo...
Stablecoin Issuer Tether Explains How FTX and Alameda Collapse Has No Effect on USDT
Tether, the largest stablecoin issuer in the world, has released a statement assuring investors that USDT is in no way affected by the meltdown of crypto exchange FTX and its trading arm Alameda Resea...
$250,000 per Bitcoin? Tim Draper Explains Why He Still Stands by His Bullish Prediction
Alex Dovbnya Prominent venture capitalist Tim Draper continues to stand by his uber-bullish Bitcoin price prediction Famous venture capitalist Tim Draper recently told Bloomberg that the Bitcoin price...
‘A Christmas Story’ Bully Explains How The Sequel Finally Got Made
Zack Ward as Scut Farkus in “A Christmas Story Christmas” on HBO Max. Yana Blajeva/HBO Max Today HBO Max debuted one of the most-anticipated movies of the holiday season—A Christmas Story ...
The Most Favorable Fact That Explains ‘Why Ford Stock is a Good Investment’?
Ford stock price is making incredible price action in the weekly price chart. The buyers successfully kept the asset price above the red zone of volatility on the weekly chart. On November 15, the NYS...
Mark Cuban Says FTX Implosion Isn’t Crypto Blowup — Explains Why He Invests in Crypto – Featured Bitcoin News
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, says recent blowups in the crypto space, including the FTX implosion, “have been banking blowups,” not crypto blowups. He al...
Crypto.com CEO Explains How Exchange Is Different From FTX Amid Push for Reserves Transparency
Crypto.com CEO Kris Marszalek says his exchange operates differently than FTX, the digital asset trading platform that famously imploded last week. In a new interview, Marszalek says his exchange’s fo...
Billionaire Mark Cuban Explains Why He Invests in Crypto
Vladislav Sopov “Shark Tank” star compares smart contracts on programmatic blockchains with early days of streaming Contents Billionaire Mark Cuban: “Smart contracts will have a sign...
Crypto.com CEO Explains Huge $347,000,000 Ethereum (ETH) Transfer Amid Bid for Reserve Transparency
Crypto.com CEO Kris Marszalek has addressed a huge transfer of Ethereum (ETH) from the exchange’s wallet that was noticed by on-chain sleuths. According to Etherscan data, about 285,000 ETH worth over...
Dogecoin Creator Explains What He Hates About Industry and Why He Created DOGE
Arman Shirinyan Creator of biggest meme in industry reminds everyone why he built it initially The creator of the biggest memecoin on the market has once again reminded his subscribers why he created ...
Elon Musk Explains Why He Rejected FTX Founder’s $3 Billion Offer to Buy Twitter
Yuri Molchan The centibillionaire has revealed why he turned down the offer of Sam Bankman-Fried earlier this year Contents “He set off by BS detector” FTX gets hacked, funds leaving for anon wallet @...
Worldwide Webb founder explains the role interoperability will play in Web3
On Nov. 11, NFT Steez, a bi-weekly Twitter Spaces hosted by Alyssa Expósito and Ray Salmond, met with Thomas Webb, the founder of the interoperable avatar game Worldwide Webb, to discuss the integrati...