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‘FTX Accounts Drainer’ Offloads 50,000 ETH, Entity Uses Ren’s Bitcoin Gateway to Acquire BTC
20.11.2022
The ethereum wallet known as the “FTX Accounts Drainer” has started to offload the ethereum it collected this past week after becoming the 27th largest ether address. On Nov. 19, 2022, the wallet held 250,735 ether, but by 7:44 a.m. (ET) on Nov. 20, the “FTX Accounts...
Bankman-Fried’s Private Jet Causes Buzz, Kraken CEO Addresses FTX Collapse, More Sleeping Bitcoins Wake Up — Week in Review
20.11.2022
With the colossal collapse of crypto exchange FTX in recent weeks, excitement in the world of cryptocurrency and finance has been in no short supply. Former FTX CEO Sam Bankman-Fried’s private jet was reportedly spotted heading to Argentina, Kraken’s CEO has addressed the fallout of...
Billion-Dollar Crypto Fund Grayscale Refuses to Post Proof-of-Reserves – Next Firm to Collapse?
20.11.2022
Crypto investment firm Grayscale has refused to share its proof-of-reserves citing "security concerns." The move has stirred up speculations about the financial health of the company.
In a Saturday tweet, the company said major cryptocurrency exchange Coinbase, which is used by Grayscale...
South Korea investigates crypto exchanges for listing native tokens
20.11.2022
Initial investigations revealed that all crypto exchanges performed lawful operations across South Korea. However, Flata Exchange is suspected of listing its in-house token, FLAT, in January 2020
Former US Regulator Likens FTX and Sam Bankman-Fried to Bernie Madoff and His Ponzi Scheme
20.11.2022
Former Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair likens the fall of crypto exchange FTX and its former CEO Sam Bankman-Fried to the infamous Ponzi Scheme of Bernie Madoff. “It felt very Bernie Madoff-like in that way,” she said. Former FDIC Chair Compares FTX...
Bankrupt crypto exchange FTX begins strategic review of global assets
20.11.2022
FTX debtors are in talks with finserv firm Perella Weinberg Partners for various sale or reorganization attempts. However, the engagement of PWP is subject to the bankruptcy court's approval
Bitcoin․com Announces ‘CEX Education Program’ to Reward Victims of Centralized Crypto Failures and Bolster DeFi
20.11.2022
Bitcoin.com announced the creation of a program that will reward people affected by centralized crypto company insolvencies while encouraging the adoption of decentralized finance and self-custody. The CEX Education Program will draw its resources from Bitcoin.com’s wallet token VERSE, which...
Ripple CEO Optimistic Crypto Industry Will Be Stronger After FTX Fiasco if Transparency and Trust Remain Its Focus
20.11.2022
The CEO of Ripple Labs, Brad Garlinghouse, believes that the crypto industry will come out stronger after the FTX meltdown if transparency and trust remain its key focus. He stressed the importance of having “honest conversations about solving real-world problems with crypto...
FTX collapse won't impact everyday use of crypto in Brazil: Transfero CEO
20.11.2022
The fall of FTX undoubtedly hurt investor sentiment toward crypto, but it won't change its popularity as a means for cross-border transactions
Financial Guru Dave Ramsey Weighs in on FTX Collapse — Reiterates His Crypto Warning
20.11.2022
Personal finance guru Dave Ramsey has weighed in on the collapse of cryptocurrency exchange FTX. “I told you so,” he repeatedly said, reiterating his long-standing advice that investors should not put money into crypto. Dave Ramsey on Bitcoin, Crypto, and the FTX Collapse Personal...
Peter Schiff Says Bitcoin Still Has a Long Way to Fall — Values BTC at $10K
20.11.2022
Economist and gold bug Peter Schiff says bitcoin still has a long way to fall after the collapse of crypto exchange FTX. He also believes that $10K is the real price of bitcoin, warning that “The lion’s share of the selling has not even started yet.” Schiff Predicts...
FTX bankruptcy filing details, Binance’s crypto industry fund and a U.S. CBDC pilot: Hodler’s Digest, Nov. 13-19
19.11.2022
GBTC Manager Insists the ‘Holdings of Grayscale’s Digital Asset Products Are Safe and Secure’
19.11.2022
On Nov. 18, 2022, at 5:47 p.m. (ET), Grayscale Investments’ official Twitter account shared information on the safety and security associated with Grayscale’s digital asset products. The update from Grayscale follows the recent FTX collapse that has shaken crypto investors,...
Crypto community reacts to mainstream media coverage of FTX’s implosion: criticism, misogyny and more
19.11.2022
The crypto community has criticized Forbes magazine for dubbing Caroline Ellison “Queen Caroline” and “a new darling of the alt-right.”
Gold Outshined Bitcoin This Month Climbing 6% Higher Amid US Real Estate Slump, Lower CPI Data
19.11.2022
This month, gold has outperformed bitcoin after crypto markets shuddered from the recent FTX collapse, and the precious yellow metal climbed 6.12% since the first of November. The U.S. housing market has shown weaknesses and October’s U.S. inflation rate was lower than expected. Analysts...
Proof-of-reserves: Can reserve audits avoid another FTX-like moment?
19.11.2022
Crypto exchanges are actively releasing proof-of-reserves audits in order to build transparency but experts believe it would take more than that to regain investor trust
Crypto Exchange FTX Fires 3 Top Executives, Report Reveals
19.11.2022
Three high-ranking executives of failed cryptocurrency exchange FTX have reportedly been dismissed. Among them is one of the co-founders of what was one of the industry’s largest trading platforms, which is currently in bankruptcy proceedings in the U.S. court system. 3 Members of FTX Management...
Moving From Crypto Winter To Winter Spring: Lessons from Bear Market and When the Winter Will End
19.11.2022
Lex Sokolin is Head Economist at major blockchain company ConsenSys.__________...
Read More: Moving From Crypto Winter To Winter Spring: Lessons from Bear Market and When the Winter Will End
Amendments to Russia’s Digital Asset Law Aim to Allow Mining, Ban Crypto Exchange and Ads
19.11.2022
Russian lawmakers have proposed changes to the current law “On Digital Financial Assets” in order to regulate crypto mining while banning the circulation of cryptocurrencies in the country. The legislation also prohibits the non-targeted advertising of crypto-related products and services....
One Hundred Years of FTX Mess, All Very Loud at the Crypto Front and 20 Crypto Jokes
19.11.2022
Read More: One Hundred Years of FTX Mess, All Very Loud at the Crypto Front and 20 Crypto Jokes