Solana Exec Says Platform Still Gaining New Users Despite FTX's Collapse

Austin Federa, Solana Foundation Head of Strategy & Communications, discusses why the collapse of FTX hasn’t kept the network from building and scaling.

307 +

Watching Out for Snowfall Protocol (SNW), Apecoin (APE) and EOS in 2023

Although the cryptocurrency market seems to be held at the current levels, there have been some concerns that have instilled fear; after the collapse of FTX, investors are worried about the $2 billion of DCG and the decline in the value of Bitcoin Trust (GBTC).

281 +

Research 3rd December: Coinbase Premium Index goes green for the first time since FTX collapse

According to the on-chain data and analytics provider, CryptoQuant, the Coinbase Premium Index has turned green for the first time since the fallout of the FTX collapse. The post Research 3rd December: Coinbase Premium Index goes green for the first time since FTX collapse appeared first on CryptoSlate.

371 +

This week in crypto: SBF explained FTX’s collapse in an interview

Key takeaways Sam Bankman-Fried granted an interview to explain the circumstances behind FTX’s collapse. Nexo and Gemini gain regulatory approval in Italy. NFTs are now live on the Uniswap network.

318 +

BlockFi files for bankruptcy, cites FTX collapse for its troubles

The crypto lender was previously “rescued” by FTX following Terra’s stablecoin collapse.

284 +

Does the FTX collapse really have a silver lining?

While some believe the FTX collapse is the straw that breaks crypto, others say it will strengthen the industry in the long run. The post Does the FTX collapse really have a silver lining? appeared first on CryptoSlate.

631 +

FTX collapse triggers second thoughts on Busan City's crypto exchange plans

The Busan city administration has signed agreements with multiple crypto firms, including Binance, Huobi Global, Crypto.com, as well as the troubled FTX exchange.

374 +

Streaming Giants Fight to Get FTX Saga Movie Rights

Amazon Studios, Apple, and Netflix are all vying to get the film and TV rights to a Michael Lewis book on the FTX collapse. Apple is reportedly close to sealing the deal. The post Streaming Giants Fight to Get FTX Saga Movie Rights appeared first on BeInCrypto.

354 +

A Bizarre Fairy Tale: The Story Behind Sam Bankman-Fried and Caroline Ellison

Crypto swingman Sam Bankman-Fried (SBF) presided over the FTX exchange at the time of its collapse, allegedly sinking $32 billion in user funds. While the contours of the fall are yet to settle, FTX’s catastrophic collapse has set off massive contagion in the crypto ecosystem.

418 +

Do Crypto Exchange Reserves Rely Too Much on Their Own Tokens?

Crypto exchange reserves have been cast into the spotlight following the FTX collapse. Their asset reserves have also come into question. The post Do Crypto Exchange Reserves Rely Too Much on Their Own Tokens? appeared first on BeInCrypto.

254 +

A $10 billion earthquake might soon cause a BTC and ETH price disorder

The entire crypto market, and especially Bitcoin, have been badly affected by the unexpected collapse of the FTX crypto exchange weeks ago. Bitcoin price has gone as low as $15,800 within that time even though it sold at nearly $70,000…

311 +

IMF: the African crypto market needs regulation as it keeps growing

The International Monetary Fund (IMF) has noted that the rapid emergence and evolution of cryptocurrencies in Africa has highlighted the need for more effective regulatory efforts. Delays in adoption The recent collapse of the FTX cryptocurrency exchange highlighted the risks…

283 +

Are Decentralized Exchanges More Attractive after FTX Collapse?

Even though decentralized exchanges have boomed with crash of FTX, road to spontaneous acceptance can be long

288 +

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.

278 +

Silvergate, Provident Bancorp, and Signature Bank Got Burned Playing With Crypto

Several major traditional banks with varying degrees of crypto exposure now find themselves unsure of their next move in the wake of the FTX collapse. The post Silvergate, Provident Bancorp, and Signature Bank Got Burned Playing With Crypto appeared first on BeInCrypto.

323 +

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.

327 +

Crypto Market Loses $60B In Two Days As Bitcoin Price Plunges

The past few days in the Bitcoin and crypto market have had a forceful impact from the bears. The prices of most of the crypto assets have been tolling to the south beyond expectation. In addition, the entire market is experiencing a decline due to the collapse of the FTX exchange.

268 +

Is BNB safe from crypto meltdown?

The collapse of the FTX exchange, a once “sound” crypto exchange, has sent new shivers in the sector. For a once thriving crypto exchange that was bailing out struggling firms, the collapse was least expected.

301 +

Lawyers Detail the ‘Abrupt and Difficult’ Collapse of FTX in First Bankruptcy Hearing

“You have witnessed probably one of the most abrupt and difficult collapses in the history of corporate America,” an attorney for FTX said during the company’s first bankruptcy hearing on Tuesday.

264 +

Kucoin On The Spot For Holding Nearly One-Fifth Of Its Reserves In Its KCS Token

278 +

FTX was under US prosecutors radar before collapse

The Attorney's Office of the Southern District of New York was investigating FTX months before its collapse The investigation was related to United States Bank Secrecy Act The most infamous The post FTX was under US prosecutors radar before collapse appeared first on AMBCrypto.

397 +

High sentiment in FTX's shadow: event recap for Texas Blockchain Summit

Though the mood among many who showed up in Austin was bullish, most commented on the collapse of FTX and the drop in the price of Bitcoin.

359 +

Market Wrap: Crypto Markets Nervous as the FTX Collapse Dents Institutional Confidence

Coinbase and MicroStrategy bonds tanked, crypto markets plunged and the FTX exploiter moved a total of 180,000 ether. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

293 +

US Senate committee schedules FTX hearing for Dec. 1, CFTC head to testify

The hearing, titled 'Why Congress Needs to Act: Lessons Learned from the FTX Collapse', will be one of the first in which U.S. lawmakers explore what happened with the exchange.

364 +

FTX collapse causes quant traders to flee crypto markets

The collapse of FTX has sent chills through the crypto market, causing both large and obscure quant funds to either shrink their positions or close shop entirely. This situation seems to open up profitable opportunities for those still daring to…

337 +

Coinbase (COIN) slides to new low amid FTX contagion fears

Coinbase (NASDAQ: COIN) fell nearly 10% on Monday as major cryptocurrencies continued to slide following the recent collapse of crypto exchange FTX.   Coinbase shares fall 10% to hit new low With contagion fears still fueling jitters among crypto investors, the COIN stock price declined to $40.

355 +

FTX’s Collapse a Wake-Up Call for Venture Capitalists, Dragonfly Partner Says

Dragonfly Capital Partner Tom Schmidt discusses the “red flags” VCs may have missed following FTX’s collapse and how it is likely to influence funding moving forward.

297 +

US CFTC’s Behnam Will Testify at FTX Hearing in Senate

Rostin Behnam, the chairman of the U.S. Commodity Futures Trading Commission (CFTC), will testify at a Senate hearing next week set to examine the “lessons learned from the FTX collapse,” according to a listing on the Senate Agriculture Committee’s website.

304 +

BoE speculates FTT token fire sale may have sparked FTX collapse, calls for widespread regulation

Bank of England’s (BoE) Deputy Governor for Financial Stability Jon Cunliffe published a speech on November 21, where he said that the FTX collapse was triggered by an run and that the crypto space should be brought under regulation to offer stability.

276 +

Major Reveals From The FTX Bankruptcy Filing, What’s The Takeaway?

With the FTX crypto exchange’s collapse, many events erupted in the crypto space. As a result, more of FTX’s investors and partners record massive losses with no potential recovery system.

331 +

Ethereum Price Tumbles Down, What’s The Reason Behind The Decline?

The crypto market has recently witnessed different shades of events, impacting several assets negatively, such as Ethereum. The collapse of the FTX crypto exchange is still causing many downtrends in the market.

301 +

MAS dispels Binance and FTX treatment misconceptions following the latter’s collapse

MAS stated that they listed Binance to the IAL because the exchange continued soliciting investors without a license.

381 +

U.S. Republican Senator writes to Federal authorities on FTX’s collapse

Sen. Hawley requested documents and correspondence regarding the failure of cryptocurrency platform FTX in a letter to senior Biden federal authorities.

286 +

New FTX CEO Paid $1,300 an Hour, Court Filings Show

Non-executive directors hired in the wake of the crypto exchange’s collapse are earning $50,000 a month – but the fees may pale in comparison to the overall costs of corporate restructuring.

362 +

Coinbase, MicroStrategy Bonds Tank as FTX Collapse Dents Institutional Confidence in Crypto

High bond yields are reflective of sharply higher rates as well as skepticism about the long-term viability of crypto amongst institutional investors, one investor said.

285 +

The FTX collapse not enough to break crypto community’s spirit: IBW 2022

Istanbul Blockchain Week was held in Turkey, and Cointelegraph attended to experience the impact of the FTX collapse firsthand — the result was unexpected.

210 +

Vitalik Buterin offers lessons for crypto in wake of the FTX collapse

Ethereum co-founder Vitalik Buterin said the collapse of FTX has illustrated once again that the problem lies in people, not technology.

245 +

Japan-based crypto exchange Liquid halts all trading activity

Liquid, a crypto-fiat exchange acquired by FTX earlier this year, has paused all trading activity on its platform. The platform, which paused withdrawals last week, said in a tweet that the action follows events around FTX, an exchange whose shocking collapse could turn out to be an irreparable blow to entire crypto industry.

199 +

The U.S. Congress Is Set For A String Of Hearings After The FTX Collapse

FTX’s implosion has set off a Congressional hearing to unravel the circumstances that led to the collapse of the exchange but a rival is expected to give an account of its role in the fiasco. The Financial Services Committee of the U.

318 +

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.

312 +

Ripple to the Rescue as CEO Plans to Acquire Some FTX Businesses Following Collapse

Ripple might be interested in buying some of the assets of the recently bankrupted exchange FTX, The Sunday Times reported. The post Ripple to the Rescue as CEO Plans to Acquire Some FTX Businesses Following Collapse appeared first on BeInCrypto.

324 +

Crypto Market Forecast: Week of November 21st 2022

A curated weekly summary of forward-focused crypto news that matters. This week, the FTX collapse drives the price of Bitcoin to new lows, FTX contagion causes connected crypto firms to tremble, and assets flow out of exchanges as traders lean towards self-custody.

233 +

Despite Solana’s Tumble Amid the FTX Collapse, The Community Is Keeping Its Hopes High

FTX’s rapid debacle has caused widespread pain for the crypto community, but certainly not close to that of the Solana community. Since November 6th, Solana’s token (SOL) price has plunged by...

335 +

Ethereum: Sharks, whales, their interest in ETH, and the events of the last 13 days

Since FTX's collapse, there has been an increase in ETH accumulation As most HODLers fail to see profit, short traders appear to be accumulating As the price of leading altcoin Ethereum [ETHThe post Ethereum: Sharks, whales, their interest in ETH, and the events of the last 13 days appeared first on AMBCrypto.

450 +

I predicted FTX's collapse a month before it happened

There were ample warning signs to tip investors off to problems behind the scenes at FTX.

368 +

FTX’s Collapse Triggers Dramatic Shift Towards Self-Custody For Bitcoin, Ethereum

335 +

Vitalik Buterin, Coinbase, Kraken, Binance promote trustless CEXs

The collapse of FTX has severely eroded user trust in centralized crypto exchanges. The post Vitalik Buterin, Coinbase, Kraken, Binance promote trustless CEXs appeared first on CryptoSlate.

372 +

FTX Collapse Won’t Stop Kevin O’Leary From Keeping Cryptos on Exchanges

Shark Tank investor Kevin O'Leary revealed that he would keep his assets on crypto exchanges despite the recent failure of FTX. The post FTX Collapse Won’t Stop Kevin O’Leary From Keeping Cryptos on Exchanges appeared first on BeInCrypto.

323 +

This Crypto Venture Capital Loses Almost $1B On FTX, When Will This FTX Fiasco End?

The collapse of the FTX crypto exchange is one of the biggest shocks to hit the industry. The impact of the fall is spreading to different crypto assets and several investors on the exchange. The crypto market has been experiencing massive downward performance as prices of assets kept declining.

315 +