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Republicans Secure US House Majority, Will Shift Path for Crypto Bills
17.11.2022
The U.S. Congress will officially be split between the two major parties after results from the Nov. 8 election put a 218th seat in the Republican column, giving that party a majority in the House of Representatives as the crypto industry awaits legislation that could define its future
Crypto Exchange Gemini Suffers $485M Rush of Outflows Amid Contagion Fears
17.11.2022
Gemini suspended its yield-earning program, shaking users’ confidence in the exchange
Bankman-Fried Praises Regulators Hours After Saying 'F*** Regulators'
17.11.2022
Icarus keeps live-tweeting his fall from the Firmament
SEC Enforcement Remains Focused on Crypto — Chair Gensler Says He’s ‘Impressed’ With Enforcement Results
17.11.2022
The U.S. Securities and Exchange Commission (SEC) says its Enforcement Division “remains focused on the rapidly evolving crypto asset securities space.” The securities regulator filed 760 enforcement actions in total this fiscal year. SEC Chairman Gary Gensler commented: “I...
FTX Employees Were Encouraged to Keep Life Savings in the Now-Bankrupt Exchange, Sources Say
16.11.2022
Sources told CoinDesk that FTX was used as a bank by many of its employees. Now, their money is probably gone
Market Wrap: Genesis Withdrawal Suspension Looms Over Cryptocurrencies
16.11.2022
Bitcoin and other cryptocurrencies fell as investors chewed over the industry’s latest debacle. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
California Finance Regulator Moves to Suspend Crypto Lender Salt’s License
16.11.2022
Salt announced on Tuesday it was pausing customer withdrawals due to the impact of FTX’s collapse
Web3 Is Heading to the World Cup
16.11.2022
Virtual lounges for your avatar to watch a livestream of the game? Web3 doesn’t get more meta than the mind-bending plans for the World Cup in Qatar
Sam Bankman-Fried's Frequent Commenting Draws Icy Response From FTX's Restructuring Chief
16.11.2022
The Twitter thread stresses SBF’s resignation from the exchange and affiliated companies
Bahamian Liquidators Say FTX Wasn’t Authorized to File for Bankruptcy in the U.S.
16.11.2022
The bankruptcy proceedings of collapsed crypto exchange FTX are already shaping up to be chaotic – the collective 100-odd companies that filed for bankruptcy last Friday have an estimated one million creditors – but Bahamian liquidators threw another wrench into the process on Tuesday
Terra’s $2.8B Defense System — Luna Foundation Guard Audit Says Group Spent More Than 80,000 Bitcoin Defending UST Peg
16.11.2022
Months after the collapse of Terra’s U.S. dollar-pegged token UST, the organization created to protect the once-stable coin, the Luna Foundation Guard (LFG), published an audit report audited by the New York-based consultancy company JS Held. According to the report, LFG claims to have spent...
US House Committee to Investigate and Hold Bipartisan Hearing on FTX Collapse
16.11.2022
The U.S. House Financial Services Committee is planning to investigate the FTX collapse, according to a joint press release published by the committee’s chair Maxine Waters and representative Patrick McHenry. Furthermore, a congressional hearing is scheduled to take place in December, according...
What Will It Look Like When Taxation and Privacy Collide?
16.11.2022
Taxes and Music NFTs: A Match Made in Hell?
16.11.2022
U.S. Crypto Investors Sue FTX’s Sam Bankman-Fried, Company’s Celebrity Endorsers
16.11.2022
The plaintiffs in a class-action suit claim that the heavily-marketed FTX yield-bearing crypto accounts were actually a Ponzi scheme
Crypto Market Slides After Genesis Withdrawal Halt, but Big Investors May Hunt for Bargains
16.11.2022
Most digital assets trade lower on Wednesday as another crypto firm gets hit by the FTX contagion. Some analysts see enduring interest from institutional investors – possibly at an even lower entry price than previously contemplated
These Crypto Market Makers Were Wary of FTX Before Collapse
16.11.2022
B2C2 and Kairon Labs had concerns about the exchange and its sister firm Alameda Research before liquidity concerns hit headlines
Esports Giant TSM Suspends $210M Partnership with FTX
16.11.2022
It’s the latest sponsorship deal to fall through since the troubled crypto exchange’s surprise bankruptcy filing last week
Terraform Labs Co-Founder Daniel Shin’s Firm Chai Reportedly Raided by Seoul Prosecutors
16.11.2022
Following the collapse of FTX, law enforcement officials are still dealing with the Terra blockchain fiasco. A new report claims Terraform Labs (TFL) co-founder Daniel Shin’s company Chai Corporation was raided by South Korean investigators. Terraform Labs Co-Founder’s Company Chai Reportedly...
US Sen. Gillibrand Says a Last-Ditch Stablecoin Bill May Still Emerge This Year
16.11.2022
Sen. Kirsten Gillibrand (D-N.Y.) said the latest effort on a stablecoin regulatory bill is coming soon, and she hopes it can get some attention before Congress transitions into its new session next year