FTX was an 'utter failure of corporate controls at every level of an organization', says new CEO
Countering some of SBF's claims, John Ray said that “FTX US was not operated independently of FTX.com” and a Chapter 11 filing was necessary to avoid a bank run.
Coinbase report shows dramatic increase in law enforcement enquiries worldwide
The crypto exchange says the overall number of enquiries is up 66%, with the United States producing the most by far; the U.S., and three European countries made 80% of all requests.
Argo Blockchain reports insufficient funds, 'no assurance' it can avoid Chapter 11 bankruptcy
According to the mining firm, “inadvertently published materials” led to the suspension of trading of Argo Blockchain on the London Stock Exchange and Nasdaq on Dec. 9.
Cryptocurrency and stock markets could see a sharp spike in volatility due to this week’s CPI print, interest rate hike and a conference from Federal Reserve chair Jerome Powell.
Bitcoin could reach $1M in 5 years due to fiat currencies’ collapse, says Samson Mow
The future collapse of fiat currencies could propel Bitcoin to $1 million in the next five to 10 years, according to Jan3 CEO and Bitcoin proponent Samson Mow.
NYC Mayor stands by Bitcoin pledge amid bear market, FTX: Report
During Eric Adams’ time in office, the NY state government passed a law which will implement a two-year moratorium on proof-of-work mining, and the crypto market turned bearish.
US DOJ split over charging Binance in the 2018 AML investigation: Report
Binance has faced compliance warnings from many countries over the past couple of years, but it managed to overcome those shortcomings in most nations barring the U.S.
Bybit joins trend, releases Merkle Tree-verified proof of reserves
The Dubai-based exchange released its reserve wallet addresses shortly after the FTX fiasco began, and now it launched a verification system for users to track its holdings.
Paxful CEO preaches Bitcoin self-custody, advises against crypto exchange
While some execs chose to double down on assuring the funds’ safety on their platforms, Ray Youssef, the CEO of crypto exchange Paxful, sided with the idea of self-custody.
Arthur Hayes: Bitcoin bottomed as 'everyone who could go bankrupt has gone bankrupt'
Former BitMEX CEO thinks the Bitcoin price could have reached the bottom after most of the “irresponsible entities” have all run out of Bitcoin to sell.
NFT market held back by oversupply, greed and bad projects: Gary Vee
The number of celebrities, brands and artists that hopped on the NFT bandwagon was bound to cause supply and demand issues, said the Vee Friends creator.
US Senator: There's 'no reason why' crypto should exist
Senator Tester is one of many Democratic senators slamming crypto of late, arguing that as the sector is backed by nothing, and provides nothing, thus there's “no reason” why it should exist.
Crypto spam bots go silent while Musk promises to prosecute scammers
Some users in the crypto Twitter space are already reporting a reduction in the number of scam bots after Elon Musk’s latest changes to the social media platform.
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