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Bitcoin Bottom Is Near as Miners Capitulating Near FTX Implosion Level: CryptoQuant
3.7.2024
Bitcoin miners are showing signs of capitulation, an event that is typically tied to a market bottom following a 13% decline over the past 30-days
FBI Dives Into FTX Customer Records — Field Offices Issue Subpoenas to Bankruptcy Consultants
4.11.2023
Reports indicate that the U.S. Federal Bureau of Investigation (FBI) has received data on FTX clients from the advisors of the now-insolvent firm. These consultants have complied with a minimum of five inquiries issued by the bureau’s local offices across various states. FTX Implosion Leads...
Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments
14.2.2023
While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-November 2022. Tether is the only one of the top five stablecoins by market valuation that has seen...
Japan Urges Regulators Worldwide to Subject Crypto Exchanges to Bank-Level Oversight
19.1.2023
Japan has reportedly urged other countries, including the U.S., to regulate crypto exchanges like they do banks. A top official at the Financial Services Agency explained that the recent FTX implosion wasn’t brought on by crypto technology but by “loose governance, lax internal...
US Securities Watchdog Charges Sam Bankman-Fried With Fraud Over FTX Collapse
13.12.2022
According to a statement published on Dec. 13, 2022, the U.S. Securities and Exchange Commission (SEC) has charged the disgraced FTX co-founder Sam Bankman-Fried (SBF) with defrauding investors. SEC chairman Gary Gensler explained that the U.S. financial regulator alleges that SBF “built a house...
Goldman Sachs to Spend 'Tens of Millions' on Discounted Crypto Investments After FTX Implosion: Report
6.12.2022
The investment bank sees a bigger need for trustworthy and established players in the crypto space
US Treasury’s Yellen Says Crypto Doesn’t Have Adequate Regulation — Calls FTX Collapse ‘a Lehman Moment’
1.12.2022
U.S. Treasury Secretary Janet Yellen says that the collapse of crypto exchange FTX shows that the crypto industry “really needs to have adequate regulation.” She added: “It’s a Lehman moment within crypto, and crypto is big enough that we’ve had substantial harm with...
US Senators Ask $4.5 Trillion Investment Firm Fidelity to Reconsider Exposure to Bitcoin in Wake of FTX Implosion
22.11.2022
Three US senators asked the major financial services firm Fidelity Investments to reconsider exposing workplace retirement plans to bitcoin (BTC).
Democratic senators Richard Durbin, Elizabeth Warren, and Tina Smith penned a letter to "strongly urge" the company's CEO Abigail Johnson to reconsider...
US Treasury Secretary Janet Yellen Says Crypto Markets Need More ‘Effective Oversight’ Following FTX Implosion
17.11.2022
As the collapse of major exchange FTX continues to fuel a bearish mood throughout the cryptosphere, US Treasury Secretary Janet Yellen has called for the introduction of tighter regulations for the crypto market.
“The recent failure of a major cryptocurrency exchange and the unfortunate impact...
Citi Analyst Joseph Ayoub Warns of Serious Contagion Risks From FTX Implosion, Here’s What Could Happen
16.11.2022
As collapsed exchange FTX is advancing through its voluntary Chapter 11 bankruptcy proceedings, some market observers are concerned over the risk of a broader contagion spreading across the crypto ecosystem, according to Joseph Ayoub, an analyst at international financial industry player...
Mark Cuban Says FTX Implosion Isn’t Crypto Blowup — Explains Why He Invests in Crypto
16.11.2022
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, says recent blowups in the crypto space, including the FTX implosion, “have been banking blowups,” not crypto blowups. He also explained why he invests in crypto. Recent Blowups Aren’t Crypto Specific...