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Tag: FTX
CEO Bankman-Fried Resigns as FTX Files for Bankruptcy Protection in The U.S.
Days after bigger rival Binance withdrew from a planned acquisition, the announcements were made. On November 11 – The troubled cryptocurrency exchange FTX said on Friday that it would file for bankru...
CZ Likens FTX To Lehman Brothers; Crypto Crash To Worsen
FTX crypto crash to worsen?: Binance CEO Changpeng Zhao ‘CZ’ said the crypto market is yet to see its worst phase after the FTX collapse. Comparing the current crypto crash to the 2008 global financia...
US senators commit to advancing crypto bill despite FTX collapse
The two U.S. Senators said the downfall of FTX clearly exemplified “the need for greater federal oversight of the digital asset industry.” United States senators Debbie Stabenow and John Boozman have ...
Here’s Where Bitcoin’s Price May Land After FTX Implosion, According to Rekt Capital
A widely followed crypto analyst is looking past this week’s FTX implosion to get a wider picture of the state of the current crypto markets. Pseudonymous analyst Rekt Capital tells their 329,500 Twit...
FTX Chief Faces Major SEC Probe After the Recent Market Crisis
Following the recent liquidity crisis, SEC and the CFTC have launched an investigation into the operations of FTX US and understanding its relationship with its international entity FTX.com. As the cu...
Crypto lender Voyager reopens bidding process following FTX bankruptcy
Crypto lender Voyager has reopened the bidding process for its assets following the bankruptcy of crypto exchange FTX, which had been expected to buy them. The firm said in a statement: &#...
Kucoin CEO addresses rumours surrounding FTX, FTT exposure
Kucoin CEO, Johnny Lyu, has explained in a number of tweets today that Kucoin has been transparent with its users since day one of building the hybrid centralized/decentralized cryptocurrency exchange...
California moves to suspend BlockFi’s lending license in state
California’s Department of Financial Protection and Innovation issued a notice to suspend crypto lender BlockFi’s license in the state for 30 days pending an investigation into the company...
FTX to File For Bankruptcy Protection in US
The post FTX to File For Bankruptcy Protection in US appeared first on Coinpedia Fintech News The troubled cryptocurrency exchange FTX said on Friday that it would file for bankruptcy in the US as its...
Can SBF’s Political Lobby Rescue FTX?
Sam Bankman-Fried (SBF), CEO of FTX Trading Limited has been allegedly personally lobbying in Washington, D.C over the past year. However, Now experts have claimed that the U.S. SEC and other watchdog...
SOL Gives Up 20% Gains, as FTX Declares Bankruptcy – Market Updates Bitcoin News
Solana was up by as much as 20% on Friday, as the token rebounded following recent declines. The token which dropped by over 50% earlier in the week, surged today, as traders seemingly bought the dip ...
Tether chief technology officer confirms no plans to rescue FTX
Cryptocurrency exchange FTX has lost at least one potential rescuer as it battles to fill a reported multi-billion dollar hole in its balance sheet. The chief technology officer of stablecoin issuer T...
Coinbase Stock (COIN) Leaps in Response to FTX Bankruptcy Filing
Top US crypto exchange Coinbase (COIN) is seeing its stock rise in the aftermath of the FTX Exchange collapse. Coinbase’s shares opened at $47.53 and fell to $46.25, but after news broke that FTX had ...
Terra Founder Says LUNA Not Responsible for FTX, 3AC Crash
– Advertisement – Terra founder Do Kwon comes up to counter claims that the Terra collapse resulted in the crash of notable entities such as 3AC and FTX. Prominent cryptocurrency develop...
Miami-Dade Hints Legal Action on FTX Arena Deal
11 mins ago | 2 mins read Exchange News Miami-Dade county will investigate all FTX legal remedies. Officials from Miami-Dade who negotiated the 19-year deal, hinted a legal action. Miami-Dade, the cou...
Binance CEO expects more regulatory scrutiny following FTX implosion
Binance CEO Changpeng Zhao said his firm backed out of the FTX deal because it did not make sense and the huge financial hole they would have had to cover. Speaking at the Indonesia Fintech Summit on ...
Bahamas de-registers FTX, “preserving” assets – crypto.news
An investigation by a local regulator is now being conducted into claims of improper behaviour regarding the safekeeping of customer cash by FTX’s Bahamas-based subsidiary. On Thursday, the assets of ...
FTX Collapse Triggers Over 80K Bitcoin Outflow From Exchanges
FTX’s collapse has significantly dented the confidence of investors in centralized crypto exchanges. Amidst the subsequent financial turmoil and reports about the troubled crypto exchange tapping cust...
The Block: FTX Ventures Head Amy Wu Resigns: The Information
FTX Ventures Head Amy Wu has resigned, The Information reported, citing the executive. Wu joined in January to launch what was expected to have been a $2 billion fund. She was an early advocate ...
FTX Fall Meant Worst Week In Crypto History
Anthony Scaramucci FTX Crypto News Updates: After a week of chaos in crypto market with the FTX meltdown, Anthony Scaramucci said the situation is now worsened. He said his company SkyBridge made a bi...
Troubled Crypto Exchange FTX Files for Chapter 11 Bankruptcy Protection, CEO Steps Down – Bitcoin News
The embattled crypto exchange FTX has informed the public that the FTX parent firm West Realm Shires Services, Alameda Research, and approximately 130 additional affiliated companies have filed for Ch...
In Light of the FTX Collapse, Team Behind Chainlink (LINK) Offers a Proof of Reserve Solution
The team behind Chainlink (LINK) says the decentralized oracle network is offering a service that can address the transparency issues in the crypto industry after the recent FTX fiasco. According to C...
What’s Next for FTX and its Customers After Bankruptcy Filing?
FTX is now putting its trust in new CEO John J. Ray III — brought in years ago to oversee the liquidation of collapsed energy company Enron following its accounting scandal — as it seeks next steps fo...
Alameda Research, FTX Ventures invested in more than 250 crypto startups
FTX Ventures and Alameda Research have invested in more than 250 crypto industry startups, according to data collected by The Block Research. The investments cut across a variety of verticals, i...
What’s Going on in the Bahamas, Are the Residents Withdrawing From FTX?
FTX exchange which was one of the largest regulated platforms in the Bahamas is in deep trouble. In a recent update, Bahamian authorities froze all the digital assets of ftx exchange ftx exchange Cent...
White House Asks Regulators to Enforce Crypto Rules Citing FTX Crises
Regulators all over the world have cowered due to the FTX collapse which has caused a further plunge in the digital asset market. Therefore, there is a call for stricter regulations for cryptocurrenci...
FTX Melts Down, Crypto Market in Fear of Massive Contagion: This Week’s Recap
The past seven days were undoubtedly the most emotional, unexpected, and for many – devastating in a long time. One of the world’s leading cryptocurrency exchanges – FTX – filed for a voluntary Chapte...
Bloomberg Strategist Mike McGlone Says Bitcoin Could Crash by Nearly 40% After FTX Fiasco – Here’s the Timeline
Bloomberg Intelligence senior macro strategist Mike McGlone predicts that Bitcoin (BTC) could fall to levels last seen in July 2020. McGlone says that Bitcoin could fall by 39% from the current price ...
‘A lot of people have compared this to Lehman. I would compare it to Enron’: Larry Summers comments on FTX bankruptcy
Former U.S. Treasury Secretary Larry Summers is likening the collapse of troubled cryptocurrency exchange FTX to the meltdown that engulfed Houston-based energy company Enron two decades ago. In an in...