A new survey is revealing the price targets of executives in the crypto space for Bitcoin (BTC) following the high-profile implosion of FTX. In new research, Web3 consulting firm BDC interviewed 53 C-...
Tag: Implosion
Billionaire Bill Ackman Says Crypto is Here to Stay After FTX Implosion
The American billionaire investor and hedge fund manager – Bill Ackman – reiterated his support for crypto, maintaining that the sector is “here to stay.” He also endorsed the blockchain-based network...
DeFi, NFT Remains Resilient Despite FTX Implosion: DappRadar
The fallout from FTX’s collapse has been devastating, and the market is poised for more losses. But according to a recent report by DappRadar, Web3 remains resilient. Centralized services are on the l...
Fed President Says Entire Notion of Crypto Is Nonsense Following the Controversial Implosion of FTX
The President of the Federal Reserve Bank of Minneapolis says that the whole notion of digital assets can be discarded following the collapse of prominent crypto exchange platform FTX. Fed President N...
Crypto community reacts to mainstream media coverage of FTX’s implosion: criticism, misogyny and more
The crypto community on Twitter is heavily criticizing the mainstream media for its poor and biased coverage of the collapse of cryptocurrency exchange FTX. In a piece published on Nov. 18 by Forbes ...
Documentary Film About FTX’s High-Profile Implosion Is Already in the Works: Report
A documentary about the controversial collapse of FTX and its disgraced founder Sam Bankman-Fried is reportedly already in production. Variety reports that the non-fiction entertainment studio XTR is ...
Crypto-Friendly New York City Mayor Eric Adams Still Supports Digital Assets Despite FTX Implosion: Report
New York City mayor Eric Adams’ stance on crypto is reportedly undeterred by the recent collapse of the FTX exchange. Adams has converted his first three paychecks into Bitcoin (BTC) and Ethereum (ETH...
Community fears FTX implosion might affect Grayscale
Grayscale Bitcoin Trust (GBTC) shares are selling at a record discount of 42.69% to the underlying asset’s value following FTX’s implosion and fears of market contagion. According to Ycharts data, GBT...
US House Committee to Hold Hearing on FTX Implosion
– Advertisement – The US House Committee has revealed plans to hold a hearing from the appropriate entities on the FTX implosion. The United States House Committee on Financial Services re...
Here’s What’s Next for Bitcoin After Implosion of FTX, According to Top Analyst
A widely followed crypto strategist is mapping out what’s in store for Bitcoin (BTC) after the implosion of crypto derivates exchange FTX. Pseudonymous analyst Cred tells his 518,300 Twitter followers...
Genesis Halts Crypto Lending, Blames ‘FTX Implosion’
The lending division of cryptocurrency asset manager Genesis moved Wednesday morning in New York to put a halt to customer redemptions and new loan originations. The decision stemmed from the building...
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...
FTX Meltdown Is Crypto Industry’s Version of Enron Implosion, According to Former US Treasury Secretary
Former US Treasury Secretary Larry Summers thinks the recent meltdown of crypto derivatives exchange FTX is a lot like the Enron scandal. In a new interview with Bloomberg, the famous American economi...
Crypto Traders Are Flocking to DeFi After FTX Exchange Implosion
Key Takeaways The decentralized futures platform GMX has seen an increase in use following the collapse of FTX. Last week, GMX registered a new all-time daily high trading volume of $1.17 billion. Oth...
FTX implosion leads to aggressive Bitcoin accumulation for investors
The recent crash of FTX has led to massive capitulation for major cryptocurrencies, with Bitcoin (BTC) trading as low as $15,682 during the last seven days. However, the decline of the flagship digita...
Weekly Crypto Market Performance Review Amid FTX Implosion
The digital currency ecosystem is trading with massive volatility that was engineered by the collapse and eventual bankruptcy of the FTX derivatives exchange over the past week. The combined crypto ma...
Vitalik Buterin Shares Thoughts on FTX Implosion
Ethereum co-founder Vitalik Buterin has shared his views on the implosion of FTX, saying that its impact is much more significant than Terra’s Luna crash. Buterin made the statement in response to a ...
White House is Monitoring Current FTX Implosion
The collapse of the FTX Derivatives Exchange has placed all regulators on the edge and White House Press Secretary Karine Jean-Pierre said the Biden administration is monitoring the development surrou...
SEC Investigating Binance and Coinbase after FTX Implosion: WSJ
According to the The Wall Street Journal, the SEC has opened an inquiry into the FTX platform, in addition to looking into Coinbase Global and Binance. Following its abrupt collapse this week, the Sec...
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...
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 ...
BTC Firebrand Michael Saylor Says FTX Implosion Could Set Off a Rapidly Growing Crypto Industry – Here’s How
MicroStrategy founder and Bitcoin (BTC) bull Michael Saylor says the collapse of FTX could actually spark further growth in the crypto industry. In a new interview with CNBC, Saylor says the collapse ...
Canadian teachers could have a $95 million hole in their pensions due to the FTX crypto implosion
The crisis at cryptocurrency exchange FTX is having ramifications far and wide. Now Canada’s third largest pension plan is revealing details about its exposure to the troubled company led by 30-year-o...
Aftermath of FTX implosion: Mercedes, And Canadians Teachers
– Advertisement – The implosion of the cryptocurrency exchange FTX has widespread implications from the Bahamas to Canada. Mercedes Some partners are holding their breath to see how things...
White House is monitoring FTX implosion, calls for more crypto regulation
The Biden administration has renewed its call for more rules around cryptocurrencies in the U.S. “The administration has consistently maintained that without proper oversight cryptocurrencies ri...
SEC Chair Gary Gensler Addresses FTX Implosion, Says Regulations Very Clear but Crypto Industry Non-Compliant
The head of the U.S. Securities and Exchange Commission is responding to the collapse of FTX by saying the crypto industry is largely non-compliant with existing regulations. In a new interview with C...
Cardano Creator Charles Hoskinson Says FTX Implosion Will Cause Issues for Whole Crypto Industry – Here’s Why
Cardano (ADA) creator Charles Hoskinson warns that the FTX crypto exchange fiasco is likely to have negative implications for the digital asset industry. In a new video, Hoskinson says that while the ...
FTX’s implosion ‘is a massive setback’ for crypto, Kraken CEO says
FTX’s implosion and what’s come to light over the past few days “is a massive setback” for the cryptocurrency industry, Kraken CEO Jesse Powell has opined. Although Powell says crypto will put this ep...
FTX implosion has U.S. regulators on watch
U.S. regulators are monitoring the implosion of crypto exchange giant FTX, which announced earlier today that it is selling FTX.com to rival exchange Binance. The Commodity Futures Trading Commi...
Mike Novogratz Says Implosion of Terra Was “Heartbreaking”
Alex Dovbnya Billionaire Mike Novogratz claims that process of deleveraging is nearing completion in crypto industry Mike Novogratz, the billionaire founder of Galaxy Digital, has opined that cryptocu...
Waves Founder Defends USDN Stablecoin Depegging, Trashes Fears of a UST-Like Implosion; Bitcoin Burrows in Above $20K
With Ethereum’s long-awaited transition to proof-of-stake (PoS) fast approaching, blockchain analytics firm Coin Metrics is out with a new report explaining the move, along with data that provid...
CoinShares reports $21.7M loss tied to Terra implosion
On Tuesday, European cryptocurrency investment firm CoinShares posted its interim Q2 2022 results. Compared to the prior year’s quarter, the firm’s revenue declined from 19.6 million pound...