Busan city drops global crypto exchanges from its digital exchange plans

FTX was one of the key exchange partners for Busan city, but its recent collapse made the administration reconsider its plans of onboarding third-party crypto exchanges.

85 +

Binance.US set to acquire Voyager Digital assets for $1B

Previously, FTX US was the largest bidder for the firm’s assets, with an offer of $1.4 billion.

71 +

Canada Places Ban on Margin and Leverage Crypto Trading

247 +

FTX Files Request to Sell 4 of Its Solvent Subsidiaries

Coinspeaker FTX Files Request to Sell 4 of Its Solvent Subsidiaries Earlier, FTX made a number of targeted acquisitions that established it as a market leader in the digital currency ecosystem.

161 +

Post FTX Saga: New York Banking Regulator Rolls Out New Crypto Guidelines

A cross-section of players in the digital asset industry believes it needs strategic regulations across all sectors to bring up dwindling confidence among investors. The New York State Department of Financial Services (NYDFS) has released a new cryptocurrency regulation for banks and other financial institutions in its jurisdiction.

171 +

Michael Novogratz: “You should not constantly wait for a trick from crypto firms due to the collapse of FTX”

Michael Novogratz, CEO of Galaxy Digital investment firm, urged the cryptocurrency community not to wait for the obligatory “black swan” when investing in crypto firms. “Black Swan” is a term describing an event that had an extremely negative impact on the shares of a company, or on the entire market at once.

317 +

FTX Bankruptcy Case: LedgerX and 3 Other Subsidies to Be Tentatively Sold Off

FTX Trading and its affiliated debtors are looking to put LedgerX and its European and Japanese digital asset subsidiaries up for auction. The post FTX Bankruptcy Case: LedgerX and 3 Other Subsidies to Be Tentatively Sold Off appeared first on BeInCrypto.

82 +

Майкл Новограц: «Не стоит постоянно ждать подвоха от криптофирм из-за краха FTX»

Генеральный директор инвестиционной фирмы Galaxy Digital Майкл Новограц призвал криптовалютную общественность не ждать обязательного «черного лебедя» при вложениях в криптофирмы.

100 +

"Pro-crypto" France to push for tighter regulations, details inside

As per a recent Financial Times report, France may reconsider its easy licensing regime for digital asset providers, following recent market failures such as FTX's demise. The development would call iThe post "Pro-crypto" France to push for tighter regulations, details inside appeared first on AMBCrypto.

241 +

CFTC considers Bitcoin, Ethereum, Tether to be commodities

The United States Commodity Futures Trading Commission (CFTC) stated in its December 13 court filing against FTX founder Sam Bankman-Fried that digital assets like Bitcoin(BTC), Ethereum (ETH), and Tether (USDT) are commodities.

259 +

Crypto Investors Moving to Hardware Wallets Following FTX Collapse

Coinspeaker Crypto Investors Moving to Hardware Wallets Following FTX Collapse Hardware wallets are becoming increasingly popular as a secure and user-friendly way to store digital currencies.

211 +

Tron's USDD Stablecoin Falls to Under 97 Cents, Lowest Level Since June

The algorithmic decentralized stablecoin modeled after Terra's now-defunct UST lost its dollar peg last month as the collapse of FTX dented investor confidence in digital assets.

65 +

2022 – Crypto Markets: A Year in Review

2022 has been a difficult year for cryptocurrency. Coming off euphoric highs from the year before, the crypto market has endured an environment of tightening monetary policy, which led to sell-offs, implosions of new projects like TerraLuna, bankruptcies of CeFi companies like Celsius and Voyager Digital and a climactic downfall of the FTX exchange.

171 +

Former FTX CEO May Have Influenced Alameda Research to Invest $1.15B in Mining Firm Genesis Digital

Coinspeaker Former FTX CEO May Have Influenced Alameda Research to Invest $1. 15B in Mining Firm Genesis Digital Alameda consulted troubled entrepreneur Sam Bankman-Fried before investing in Genesis Digital.

231 +

Alameda инвестировала 1,15 млрд долларов в майнинг криптовалют

Крупнейшая инвестиция трейдинговой компании криптобиржи FTX была ориентирована на майнинг биткоинов. Согласно появившимся данным о деятельности Alameda, трейдинговой компании криптобиржи FTX, самая крупная инвестиция Alameda (1,15 млрд долларов) и других юридических лиц, входивших в экосистему FTX, — это компания Genesis Digital Assets, которая занимается майнингом криптовалют, в основном — биткоинов. Одна из последних инвестиций (250 […]

215 +

Майк Новограц раскритиковал Сэма Бэнкмана-Фрида

Основатель Galaxy Digital Майк Новограц раскритиковал Сэма Бэнкмана-Фрида (SBF) после его последних высказываний в СМИ касательно коллапса FTX.

98 +

Bitcoin Miners’ FTX Contagion Exposure May Amplify Industry Pain

Core Scientific, Bitfarms and Genesis Digital Assets are among miners that have direct and indirect exposure to the contagion.

259 +

Bankman-Fried is ‘delusional’ and should be jailed, Mike Novogratz says

Sam Bankman-Fried is culpable for what happened at FTX, Galaxy Digital CEO Mike Novogratz says. According to Novogratz, Bankman-Fried helped perpetuate a massive fraud that’s seen fresh contagion hit the crypto industry hard.

156 +

Майк Новограц считает, что экс-главу FTX нужно отправить в тюрьму

Galaxy Digital оказалась в списке компаний, пострадавших от крушения криптовалютной биржи FTX. Ее потери составили около $76,8 млн. Гендиректор Galaxy Digital Майк Новограц в интервью агентству Bloomberg заявил, что основателя FTX Сэма Бэнкмана-Фрида нужно привлечь к ответственности.

89 +

Майк Новограц считает, что экс-главу FTX нужно отправить в тюрьму

Galaxy Digital оказалась в списке компаний, пострадавших в результате крушения криптобиржи FTX. Ее потери составили около $76,8 млн. Гендиректор Galaxy Digital Майк Новограц в интервью агентству Bloomberg заявил, что основателя FTX Сэма Бэнкмана-Фрида нужно привлечь к ответственности.

258 +

Crypto Markets Today: CFTC Chair Proposes Pause to Overhaul Digital Commodities Consumer Protection Bill

Rostin Behnam made the suggestion as regulators and the crypto industry continue processing the implosion of crypto exchange giant FTX. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

250 +

Crypto firms prefer to be regulated by CFTC rather than SEC

Sam Bankman-Fried, the founder the recently failed FTX, lobbied for more digital asset regulations in February. Sam sought regulatory oversight by the CFTC instead of the SEC. This move is aimed at regulating crypto usage among firms and investors while…

221 +

Mike Novogratz Says SBF Should Be Locked Up

Galaxy Digital CEO Mike Novogratz slammed disgraced FTX founder Sam Bankman-Fried as “delusional”

182 +

Galaxy Digital CEO Mike Novogratz says SBF should be jailed

Galaxy Digital CEO Mike Novogratz called the FTX debacle “a crisis of confidence”  during an exclusive CNBC interview where he claimed the incident had created a deficit of trust across financial markets.

199 +

BlockFi Joins the Bankruptcy Parade

Crypto lender BlockFi became the latest industry heavyweight to file for bankruptcy, joining Celsius Network, Voyager Digital and FTX. FTX’s collapse directly contributed to BlockFi’s filing, but the lender presented an optimistic view nevertheless in its first day pleadings.

200 +

Over the past 7 days, more than 223 million Shiba Inu tokens have been burned

Without a doubt, the bankruptcy of the FTX crypto exchange has had a significant negative impact on the cryptocurrency market. Almost every digital currency on the market has lost in value, including the most popular BTC and ETH.

183 +

Polkadot (DOT) Clings To $5 Level Despite Unforgiving Bear Market

Polkadot (DOT), the 11th largest cryptocurrency with an overall valuation of nearly $6 billion, continues to keep its losses in this prevailing crypto winter to minimal levels. On November 8, despite the negative effects of the collapse of the FTX exchange platform, the digital asset managed to briefly surpass the psychological $7 marker, peaking at $7.

101 +

New Report Shows That Crypto Whales And Long-Term Holders Had Their Confidence Shaken By FTX Fall

216 +

FTX to hire BitGo to safeguard its assets during bankruptcy

FTX’s bankruptcy proceedings continue, and the company has now asked a judge to allow it to hire BitGo to secure its assets. Bankrupt crypto exchange FTX has notified a federal judge that it wants to hire BitGo to safeguard the remainder of its digital assets as bankruptcy proceedings play out.

224 +

Recent FTX hacks prove it was right to ‘secure’ its assets: Bahamian regulator

The Securities Commission of The Bahamas said the continued hacking attempts on FTX prove it made the right call to “secure” FTX’s digital assets.

144 +

Galaxy Digital CEO Expects Slow Grind to Build Trust After FTX ‘Failure to Self-Regulate’

The CEO of Galaxy Digital expects a slow grind to build trust with clients as back-to-back black swan events hit the crypto industry. The post Galaxy Digital CEO Expects Slow Grind to Build Trust After FTX ‘Failure to Self-Regulate’ appeared first on BeInCrypto.

221 +

“Sam Bankman-Fried’s days of freedom are numbered,” Mike Novogratz predicts

Galaxy Digital CEO Mike Novogratz, not holding back on what he believes SBF deserves, stated some of his actions with FTX were illegal and fraudulent and his day in jail will come. “Liars lie and will continue to lie,” Mike…

233 +

CryptoSlate Wrapped Daily: Bitcoin miners continue to sell as realized loss from FTX exceeds LUNA collapse

The biggest news in the cryptoverse for November 22 includes the increasing rate of miner sellouts, realized Bitcoin loss from FTX fallout surpassing the losses caused by the Terra collapse, and Digital Currency Group CEO Barry Silbert’s comments regarding the liquidity situation at Genesis.

174 +

Silbert downplays liquidity crisis, expects $800M revenue in 2022 for DCG

Following rumors of potential contagion from FTX, Digital Currency Group (DCG) CEO Barry Silbert sent shareholders a memo on November 22 addressing the situation surrounding Genesis’ liquidity.

166 +

US Senators Ask Fidelity to Reconsider Bitcoin 401(k) Offerings Following FTX Collapse

"The ill-advised, deceptive, and potentially illegal actions of a few have a direct impact on the valuation of Bitcoin and other digital assets," the letter read.

138 +

FTX ordered to indemnify and reimburse Bahamas for assets safekeeping

Bahamas Supreme Court on November 21 ordered bankrupt crypto exchange FTX to indemnify and reimburse the Securities Commission of Bahamas (SCB) for expenses it will incur while safekeeping its digital assets.

83 +

FTX ordered to pay reimbursement fees to Bahamian regulators

The Bahamian Securities regulator was ordered to offer custody for digital assets belonging to bankrupt crypto exchange FTX on Nov. 12.

68 +

FTX Must Pay Expenses Incurred by Bahamas Regulator for Holding the Exchange's Digital Assets

The Bahamas Supreme Court ruled that FTX is responsible for all costs associated with the Securities Commission in keeping FTM assets in commission's digital wallet; Bloomberg reports that a Bahamas court has agreed to let part of FTX case be handled in U.S.

231 +

Senate Banking Committee Democrats warn SoFi about meeting its compliance deadline

The committee members, seemingly spurred to vigilance by the FTX debacle, do not see evidence of SoFi Digital Assets shaping up the way the Fed ordered.

199 +

FTX Exploiter Transfers $200M in Ether to 12 Crypto Wallets

The exploiter drained hundreds of millions of digital assets from FTX on the same day as the embattled crypto exchange filed for bankruptcy protection on Nov.

163 +

Bitcoin Bulls Are Braving The Storms Around FTX’s Fall, But Is A Crash To $10,000 Really In The Offing?

199 +

US Banks Are Teaming Up To Explore The Possibilities Of A Digital Dollar With The Federal Reserve

171 +

Op-Ed: Could DCG be the catalyst for max pain in the crypto markets?

Following the recent collapse of FTX, the fallout spread to Genesis, which had already been bailed out by parent company Digital Currency Group (DCG) earlier this year following the failure of Three Arrows Capital.

185 +

На Багамах арестовали активы FTX

Комиссия по ценным бумагам Багамских Островов перевела все активы FTX Digital Markets (FDM) на контролируемый ею кошелек.

175 +

CryptoSlate Wrapped Daily: Eyes turn to Grayscale Bitcoin Trust after FTX collapse; Cardano to launch fiat-backed stablecoin in 2023

The biggest news in the cryptoverse for November 18 includes fears of Grayscale Bitcoin Trust being in trouble, Bahamas’ order for FTX to transfer its digital assets, and SafePal’s 125% spike as a result of the increasing popularity of non-custodial wallets.

203 +

Nickel Digital, Metaplex and others continue to feel the impact of FTX collapse

Some companies have resulted in layoffs to deal with their million-dollar losses.

76 +

Crypto price prediction: SSV, SafePal (SFP), Chiliz (CHZ)

Cryptocurrency prices remained on edge this week as the collapse of FTX continued. During the week, Genesis, a leading crypto exchange, suspended its withdrawals briefly. Similarly,  a crypto lender associated with Digital Currency Group (DCG) suspended most of its business.

134 +

Bahamas watchdog ordered FTX to send digital assets to its wallet

The Securities Commission of Bahamas revealed on November 18 that it directed FTX to transfer digital assets under its control to the Commission’s wallet on November 12. The post Bahamas watchdog ordered FTX to send digital assets to its wallet appeared first on CryptoSlate.

207 +

Bahamian securities regulator ordered the transfer of FTX’s digital assets

The Bahamian securities regulator clarified it directed FTX to move its digital assets to a wallet owned by the commission on Nov. 12.

204 +