Key Takeaways Visa has announced that it will break off its partnership with FTX following the exchange’s collapse. Elsewhere, BlockFi said that it will continue to suspend withdrawals due to it...
Tag: fallout
An Initial Look at The Fallout from FTX’s Collapse
November 14, 2022, 4:37PM EST • 4 min read Quick Take Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion. This issue of Rapid Insights summarizes the latest d...
Bitcoin Diverges From Tech Stocks as FTX Fallout Continues
Bitcoin is once again diverging from its correlation with equities as traders react to a disappointing earnings season and the latest news on FTX’s bankruptcy filing. The largest digital currency’s 3...
Is The Worst Over for SOL After a 56% Weekly Crash Following FTX Fallout? (Solana Price Analysis)
Because of its ties to Alameda Research, the trading firm of Sam Bankman-Fried, Solana suffered a massive crash. While the cryptocurrency recovered a bit over the past couple of days, the question rem...
Cardano (ADA) Founder Charles Hoskinson Issues Warning, Says FTX Collapse Will Bring More Fallout
The co-creator of Ethereum (ETH) rival Cardano (ADA) is warning investors that there will be more fallout from crypto exchange FTX’s recent collapse. In a new video update, Charles Hoskinson says that...
Vitalik Buterin Shares Thoughts About Sam Bankman-Fried Following FTX Fallout
The co-founder of Ethereum has shared some thoughts on the FTX fallout and, more precisely, on the reaction toward the former CEO – Sam Bankman-Fried. It appears that the cryptocurrency community is u...
Philanthropic FTX Foundation Sunsets Operations Amid Bankrupt Exchange’s Fallout – Bitcoin News
The philanthropic effort created by the troubled crypto exchange FTX has detailed it is sunsetting operations and told the community that members were “shocked and immensely saddened” by the turn of e...
Solana Community Remains Bullish Despite FTX Fallout
Solana, once championed as the “Ethereum Killer” has seen the price of its native token SOL tank by roughly 47% over the past week dominated by the FTX train wreck. SOL is the second largest-holding o...
Pantera Capital swiftly implements precautionary measures following FTX, Alameda fallout
Director of Portfolio Development at Pantera Capital, Franklin Bi, has created a Twitter thread discussing portfolio preventative measures taken following the recent FTX and Alameda Research fallout. ...
NFL Legend Tom Brady Caught in FTX Fallout, Risks Losing Complete Strategic Investment
“It’s an incredibly exciting time in the crypto-world, and Sam and the revolutionary FTX team continue to open my eyes to the endless possibilities,” said Brady in a press release at...
Solana price slumps amid FTX, Binance founder fallout
The price of Solana (SOL) fell 9% amid a spat between the founders of Binance and FTX crypto exchanges, Changpeng Zhao and Sam Bankman-Fried. SolUSD chart by TradingView. Aggregate o...
Law Firm Drops Kyle Roche Following Ava Labs Exposé Fallout
Kyle Roche withdrew from several class action cases in September, but lawyers called for his entire firm to be removed A US judge formally ousted Roche Freedman as counsel from a lawsuit against Tethe...
Hoskinson says banks are marketing crypto with their actions after Kanye West, JP Morgan fallout
Cardano founder Charles Hoskinson stated that American banks have helped to market crypto better than the industry players, according to an Oct. 17 tweet. People keep asking why isn’t the crypto...
China Evergrande’s Debt-Crisis Fallout: Losses, Layoffs and More Defaults
Listen to article (2 minutes) When China Evergrande Group began struggling under a mountain of debt last year, it quietly set off a chain reaction across the country. Chinese authorities prevented a ...
U.K. Finance Minister Kwasi Kwarteng Fired After Economic Policy Fallout
Topline Kwasi Kwarteng, the U.K.’s Chancellor of the Exchequer, was sacked by Prime Minister Liz Truss on Friday morning after her government’s recent mini-budget—which promised large tax cuts for the...
Celsius creditors face fallout from U.S. bankruptcy disclosure process
Celsius filed a trove of documents this week containing users’ names and information about certain transactions, setting off a wave of concern among some creditors, despite the disclosure of such info...
Stocks, Cryptos Falter on Jobs Data, Binance Hack Fallout
Crypto’s rally earlier in the week proved to be short lived Jobs data and fears over the latest crypto hack had investors weary Even after hints earlier in the week that a turnaround was coming, crypt...
U.S. Must Contain Fallout From Crypto-Zone Scheme On Nuked Pacific Island
TO GO WITH Marshalls-US-nuclear-health by Giff Johnson This undated aerial photo received on March … [+] 4, 2010 shows Rongelap Island, one of more than 60 in a necklace of coral islands that wa...
DeFi Projects Will Develop Decentralized Frontends After Tornado Fallout
A small but growing number of decentralized finance (DeFi) projects including dYdX, Liquidity, GMX, Kwenta and more, are working on decentralized frontends (DeFe) in the wake of sanctions against Torn...
Fallout from crypto contagion subsides but no market reversal just yet
The blockchain industry showed some surprising resilience in July, which may point to a period of greater fundamental support for the crypto space overall in the short term. In looking at a wide varie...
MakerDAO Founder Calls on DAI to Drop Dollar Peg Amid Tornado Cash Fallout
In the aftermath of the Treasury Department’s stunning decision Monday to ban Ethereum coin mixing tool Tornado Cash, many crypto industry leadwalletsers are reconsidering their exposure to centralize...
Binance Asks WazirX Customers To Move Funds Amidst Fallout With The Firm
Crypto exchange Binance has informed customers of WazirX, its estranged partner, to move their funds to its platform. The crypto exchange says it will stop off-chain fund transfers for WazirX customer...
Binance sides with Indian regulators in WazirX fallout to cease support for off-chain transfers
As reported by local news outlet The Economic Times on Monday, Binance is scheduled to remove off-chain fund transfers with Indian cryptocurrency exchange WazirX on Thursday, although users will still...
Blockchain Users Reacted Differently to the Fallout from the Terra Collapse
Three months on and the crypto terrain looks different as the industry trudges forward, bearing the battle scars of the Terra implosion. In May, Terra collapsed, wiping out nearly $50 billion of inves...
U.S. Senator Pat Toomey Blames SEC for Crypto Lending Products Fallout
U.S. senator Pat Toomey recently wrote a letter to Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), concerning the Commission’s approach to regulations governing companies t...
Crypto firms could face fallout from SEC insider trading case against former Coinbase employee
The US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) on July 21 brought parallel criminal and civil actions against a former Coinbase employee, his brother and his frien...
Crypto firms could face fallout from SEC –
Recently, the DOJ and SEC recorded equal grumblings against a previous Coinbase worker and his partners for supposed insider exchanging charges The men made at least $1.5 million in illegal trades Wh...
BlockchainCom Announces 25% Staff Layoff Following 3AC Fallout
BlockchainCom – a crypto financial services company – has let go of 25% of its employees due to harsh market conditions. That’s 150 roles cleared from the firm. A Loss of Momentum As reported by CoinD...