The bankruptcy of FTX Derivatives Exchange, the once crypto behemoth valued at about $32 billion, has served as a reference point for many to look at and engage with the industry with extreme caution....
Tag: news
Ark Invest CEO Warns Fed’s Actions Could Lead to 1929-Like Great Depression — Elon Musk Agrees – Economics Bitcoin News
The CEO of investment management firm Ark Invest has warned that if the Federal Reserve does not pivot, the current economic setup will be similar to 1929 when the Great Depression started. Tesla CEO ...
Kraken CEO Discusses Impact of FTX Failure — Says Damage to Crypto Industry Is Huge, Will Take Years to Undo – Featured Bitcoin News
The CEO of cryptocurrency exchange Kraken has outlined the impact of FTX’s failure on the crypto industry. After listing multiple red flags, the executive stressed: “The damage here is huge … We’re go...
Bank of Russia Sets Out to Regulate Digital Asset Taxation, Exchange, Still Opposed to Crypto – Regulation Bitcoin News
The Central Bank of Russia supports the development of digital financial assets but remains opposed to legalizing crypto payments, its top management has reiterated. The monetary authority is now work...
Royal Bahamas Police Force Reveals FTX Is Being Investigated for ‘Criminal Misconduct’ – Bitcoin News
“A team of financial investigators” are currently investigating the now-defunct crypto exchange FTX, the Royal Bahamas Police Force said in a statement shared on Sunday. The police noted that the fina...
Bearish Bets: A Chip Giant and 2 Other Stocks You Should Think About Shorting
Each week we identify names that look bearish and may present interesting investing opportunities on the short side. Using technical analysis of the charts of those stocks, and, when appropriate, rece...
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...
Huobi Reveals its Holdings to be $3.5B in Hot and Cold Wallets
The tension that arose in the crypto space due to the fallout of the FTX exchange has brought about the need for crypto exchange platforms to become transparent as regards their financial position. Hu...
Kraken Freezes All FTX Group Linked Accounts
Kraken Exchange has announced that accounts belonging to FTX, Alameda Research, and their executives have been frozen after FTX filed for bankruptcy protection in the United States. According to a twe...
FTX Contract Deployer Unlocks 192 Million FTT, Exchange Token’s Questionable Tokenomics Highlights Red Flags – Altcoins Bitcoin News
Following the collapse of FTX and the exchange filing bankruptcy on Nov. 11, the trading platform’s exchange token called ftx (FTT) has shed 91.6% in value during the last seven days. While the FTT to...
Analyst Who Called May 2021 Bitcoin Crash Says BTC Can Absorb Most Horrendous News
The crypto strategist who accurately predicted Bitcoin’s collapse last year believes BTC can handle even the most unfavorable developments. Pseudonymous analyst Dave the Wave tells his 130,200 Twitter...
Wrapped Tokens Issued by FTX or Alameda Slumps, No Longer Redeemable
Following the filed Chapter 11 bankruptcy from FTX, the wrapped tokens issued by the crypto exchange or its sister trading shop Alameda Research have now undergone a price decline. According to data f...
Crypto Exchange Kraken Freezes Accounts of FTX, Alameda Research, Their Executives – Exchanges Bitcoin News
Crypto exchange Kraken has frozen a handful of accounts owned by the bankrupt FTX Group, Alameda Research, and their executives. Kraken has been in contact with law enforcement after discovering that ...
Mercedes F1 Team Terminates FTX Partnership
Mercedes formula one (F1) team suspended its sponsorship deal with troubled crypto exchange FTX. Therefore, starting with the Brazilian Grand Prix, the team’s cars will not bear FTX logos. Mercedes ...
The Mysterious FTX Debacle, Tim Draper’s BTC Price Prediction, More Support for Ripple in SEC Lawsuit — Week in Review – The Weekly Bitcoin News
As theories proliferate wildly about the true nature of what happened to failed crypto exchange FTX, little is yet clear to the crypto community. Former CEO of FTX Sam Bankman-Fried has addressed the ...
Africa-Focused Payments Firm AZA Finance Slams ‘Erroneous Inclusion’ in FTX Bankruptcy Filing – Featured Bitcoin News
The founder and CEO of an Africa-focused payments firm, Elizabeth Rossiello, claimed on Nov. 11 that the beleaguered crypto exchange FTX had incorrectly included AZ Finance in its chapter 11 bankruptc...
7 Tips for Finding Your Next Great Stock Pick
Hunting for your next great stock pick is one of the most rewarding and entertaining aspects of trading and investing. It is very satisfying to discover what looks like a great opportunity and watch a...
From Mercedes F1 to Miami Heat, Sports Teams Suspend FTX Sponsorships – Exchanges Bitcoin News
A string of organizations competing in various sports are pulling out of sponsorship deals with beleaguered cryptocurrency exchange FTX. The coin trading platform had pledged millions of dollars to bu...
US Treasury Secretary and Indian Finance Minister Discuss Crypto Regulation – Regulation Bitcoin News
U.S. Treasury Secretary Janet Yellen and Indian Finance Minister Nirmala Sitharaman discussed crypto regulation during the ninth India-U.S. Economic and Financial Partnership meeting. They stressed th...
Former US Treasury Secretary Larry Summers Compares FTX Collapse to Enron Fraud – Regulation Bitcoin News
Former U.S. Treasury Secretary Lawrence Summers has compared crypto exchange FTX to Enron, noting that the case is a classic fraud rather than the complexities of cryptocurrency regulation. He said th...
I’m a Bitcoin Investor — When BTC Hits New Bottom, I Get Excited – Markets and Prices Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he is not worried about the price of bitcoin dropping. “I am a bitcoin investor,” he said, adding that when the pric...
Elon Musk Tells Twitter Staff Economic Picture Ahead Is Dire — ‘Bankruptcy Isn’t Out of the Question’ – Featured Bitcoin News
Tesla CEO and Twitter chief Elon Musk has informed Twitter employees that the company’s “economic picture ahead is dire.” Noting that “bankruptcy isn’t out of the question,” the billionaire stressed t...
Galois Capital Declares Half of its Funds is Stuck with FTX
Galois Capital, a crypto hedge fund that deals in over-the-counter trading has announced that almost half of its capital is trapped in FTX. According to a Reuters news report, Kevin Zhou a Co-founder ...
Russia’s Digital Ruble Integrated Into Banking App – Finance Bitcoin News
VTB has become the first Russian bank to add the digital ruble to its mobile application. The integration is currently being tested with accounts set up for legal entities. Select customers will be gr...
Elon Musk Weighs in on Sam Bankman-Fried Post FTX Meltdown
The fallout of FTX, a crypto exchange platform has brought about turmoil in the blockchain industry. Key industry experts and analyst have given their opinion on what they think resulted in the compa...
Binance CEO Says the Industry has been Setback a Few Years With FTX Saga
The blockchain industry has been experiencing a lot of challenges due to the fallout of one of the biggest crypto exchanges, FTX. So many notable industry experts and stakeholders have given their op...
FTX Officials Says the Exchange Has Been Compromised by Hackers
The collapse of the FTX exchange has been received by shock amongst crypto users and industry experts. A recent news update has revealed that the FTX exchange was compromised by hackers. FTX Telegram ...
Hedge Fund Galois Capital Discloses ‘Roughly Half’ of the Firm’s Capital ‘Stuck on FTX’ – Bitcoin News
According to the co-founder of Galois Capital, the hedge fund manager who warned about the Terra collapse before it happened, half of the hedge fund’s capital is left trapped on FTX. Galois co-founder...