Manhattan District Attorney’s Office probes FTX collapse: Report
A source with knowledge of the investigations reportedly said New York authorities were looking into the collapse of FTX following the firm declaring bankruptcy on Nov. 11.
Bitget Prepares 5 Million USD Builders Fund to Help Users Distressed by FTX Collapse
PRESS RELEASE. Nov 14th, 2022 – Leading global cryptocurrency exchange Bitget announces that it has set aside a 5 Million USD worth of Builders’ Fund, aiming to help those affiliates, influencers and professional traders who are distressed by…
Bitcoin Moves Differently From US Stock Market, Correlation Weakening?
Data shows while Bitcoin has been correlated with the US stock market for some time now, the two haven’t moved in tandem recently. Bitcoin Correlation With US Stocks May Be Weakening As BTC Has Been Moving Differently As pointed out by an…
Effective Altruism: Former FTX CEO’s Alleged $40M Penthouse Listed for Sale, Report Says Firm Spent $74M on Real Estate
In light of a recently published real estate listing, former FTX CEO Sam Bankman-Fried (SBF) is reportedly selling a 12,000-square-foot penthouse in the Bahamas for $39.9 million. Moreover, reports further detail that FTX Property Holdings spent…
Failure Of FTX: The Evil Results Of ‘Altruistic’ Intentions
We must learn from the historic collapse of Sam Bankman-Fried’s FTX cryptocurrency exchange before the world economy suffers a similar fate.This is an opinion editorial by Captain Sidd, a finance writer and explorer of Bitcoin culture.If you…
Turbulence for blockchain industry despite strong Bitcoin fundamentals: Report
It’s Downtober for crypto as venture capital drops 48.6%, security token volume is down 24.8%, and Core Scientific and Argo Blockchain face financial difficulties.
SEC wins LBRY case, but the victory may have little impact in the greater cryptoverse
Although it was quickly overshadowed by more dramatic events, the LBRY case is a rare instance of a crypto-related unregistered securities complaint going to court.
Biggest Movers: CRO Rebounds as CEO Kris Marszalek Admits ‘Trust Was Damaged’
On Nov. 14, cronos rebounded, as Crypto.com CEO Kris Marszalek held an “Ask me Anything” (AMA) session, while speculation grew on the company’s level of solvency. The concerns came after it was revealed that a transfer of $400 million…
Crypto Exchanges Need Proof Of Reserves: Bitcoin Policy Institute Report
A new report from the Bitcoin Policy Institute discusses why the industry needs to adopt proof of reserves following the bankruptcy of FTX exchange.The Bitcoin Policy Institute (BPI), a non-profit dedicated to furthering governmental Bitcoin…
The chief of Twitter and Tesla said that bitcoin ‘will make it’, but the financial winter may last quite some time following recent events in the ecosystem.Elon Musk, the newly appointed CEO of Twitter, said “BTC will make it, but might be a…
Crypto Trading Platforms Deal With Massive Withdrawal Requests — Over $5 Billion in BTC, ETH Removed From Exchanges
During the last week, the crypto community has been dealing with the demise of FTX and its affiliated crypto businesses, and ever since then, the proof-of-reserves topic has found its way to the forefront of conversations. Another silver lining to…
Bitcoin Price Downtrend Far From Over, Why BTC Could Test $15K
Bitcoin price failed to clear $18,000 and started a fresh decline. BTC is showing bearish signs and it might soon decline towards the $15,000 level. Bitcoin started a fresh decline from the $18,000 and $18,150 resistance levels. The price is…
Binance Forming Crypto Industry Recovery Fund to ‘Reduce Further Cascading Negative Effects of FTX’
Cryptocurrency exchange Binance is forming an industry recovery fund to “reduce further cascading negative effects of FTX,” said CEO Changpeng Zhao (CZ). “As an industry, we need to increase transparency,” the executive…
Bitcoin, Ethereum Technical Analysis: BTC Rebounds Following Bullish Comments From Elon Musk
Bitcoin started the week trading below $17,000, as volatility in the cryptocurrency space continued to intensify. Following last week’s collapse of FTX, account withdrawals have increased, with several customers opting to remove their tokens…
St. Kitts and Nevis to Explore Possibility of Making Bitcoin Cash Legal Tender by March 2023
St. Kitts and Nevis will explore the possibility of making bitcoin cash legal tender by March 2023. The statement was made by St. Kitts and Nevis Prime Minister Terrance Drew as part of the Bitcoin Cash 2022 Conference held in the country…
PEGA Pool to Launch in 2023 to Help You Offset Your Carbon Footprint While Crypto Mining
PEGA Pool is an eco-friendly crypto mining pool currently in private beta testing and is expected to be open to the public in the first quarter of 2023. Regarding bitcoin mining, there have always been concerns about its environmental impact…
Fiat-to-Crypto Company Ramp Raises $70 Million to Solve the Crypto Onboarding Problem
Ramp, a fiat-to-crypto company, has announced it has raised $70 million as part of its Series B funding round. The round was co-led by Mubadala Capital and Korelya Capital, with Balderton Capital and Cogito Capital participation. The company…
El Salvador President Bukele says Bitcoin is ‘the opposite‘ of FTX
Despite the backlash he previously received for purchasing BTC as markets crashed, Bukele cited the recent FTX collapse to explain why Bitcoin is different.
Ukraine’s Cyberpolice Expose Members of Crypto Fraud Scheme Making €200 Million a Year
A report shows Ukrainian Cyberpolice identified members of a group that defrauded people around the world through fake crypto investment offers. The criminal organization maintained offices and customer service centers with thousands of employees…
Binance creates industry recovery fund to help projects struggling with liquidity
Binance CEO Changpeng Zhao clarified that the project is for other potentially strong projects and not FTX, saying that “liars or fraud” would never qualify.
Manhattan District Attorney Freezes $1.3 Million in Crypto — Seeks to Return Funds to Fraud Victims
Manhattan District Attorney (DA)’s Office has frozen more than $1.3 million in cryptocurrency “during fraud investigations conducted over the past ten months.” The authority said: “We are returning that money to the victims…
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