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First Mover Americas: BlockFi the Latest Chapter (11) in FTX Saga
29.11.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 29, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Chainlink eyes 25% rally ahead of LINK staking launch in December
29.11.2022
LINK's price could rally on speculations over Chainlink's oracle services growth coupled with a supportive technical pattern
Bankrupt Crypto Firm BlockFi Sues FTX Founder Sam Bankman-Fried For $580 Million
29.11.2022
Bankrupt crypto lender BlockFi is suing FTX's founder Sam Bankman-Fried to seize shares in the US trading platform Robinhood, allegedly pledged as collateral by the former FTX CEO just days before the exchange notoriously imploded....
Read More: Bankrupt Crypto Firm BlockFi Sues FTX Founder...
Blockchain Pilgrimage: Regulating Crypto ‘Should Be Combined With Education’ Says Top Wadzpay Executive
29.11.2022
The collapse of Do Kwon’s Terra empire in May, and Sam Bankman-Fried’s FTX in early November 2022, will be remembered as two incidents that put the crypto industry on the back foot. It is now widely expected that regulators around the world will use the two incidents to justify...
BlockFi takes action to protect clients from FTX collapse
29.11.2022
It was the management team at BlockFi that was responsible for not wasting a single valuable moment and took the opportunity to create and implement alternate methods and measures so as to be able to effectively protect all of its clients from the adverse effects of the FTX bankruptcy and...
FTX reportedly used Alameda's bank accounts to process customer funds
29.11.2022
Former FTX CEO Sam Bankman-Fried, in a conversation with Vox admitted to using Alameda’s banking facilities for FTX user deposits
Spanish Securities Regulator CNMV Warns About Crypto Investments; Calls for Caution After FTX Downfall
29.11.2022
The Spanish securities regulator (CNMV) has warned investors against putting funds in crypto-related companies. Montserrat Martinez Parera, vice president of the organization, stated that lack of control is one of the causes of the downfall of the crypto exchange FTX, and that anyone looking...
European Central Bank President Christine Lagarde Calls For Crypto Regulation in EU Following FTX Collapse, Says It is ‘Very Much Needed’
29.11.2022
Christine Lagarde, head of the European Central Bank (ECB), has once again reiterated the need for bringing crypto under regulatory oversight in the European Union (EU) amid the collapse of cryptocurrency exchange FTX....
Read More: European Central Bank President Christine Lagarde Calls For Crypto...
Don’t Forget the Importance of Censorship Resistance
29.11.2022
Since people are once again talking about self-custody as one of crypto’s unique strengths, I would like to remind everyone about an equally important fundamental value proposition of crypto that, in the early days, was touted as the killer feature. I’m talking about censorship...
Calls for regulation get louder as FTX contagion continues to spread
29.11.2022
The FTX saga has made some crypto executives, researchers, analysts, and politicians more aligned on regulation than ever
Mark Cuban: If I Were Sam Bankman-Fried, I’d Be Afraid of Going to Jail for a Long Time
29.11.2022
The billionaire owner of the NBA team Dallas Mavericks and a Stark Tank star, Mark Cuban, says that if he were the former FTX CEO Sam Bankman-Fried, he would be afraid of going to jail for a long time. “I talked to the guy and thought he was smart … I had no idea he […]
FTX resumes employee and contractor payments after weeks in limbo
29.11.2022
The payments will exclude former FTX CEO Sam Bankman-Fried, and certain former execs including Gary Wang, Nishad Singh, and Alameda's Caroline Ellison
JPMorgan Expects Major Changes Coming to Crypto Industry and Regulation Post FTX Collapse
29.11.2022
JPMorgan has outlined key changes it expects in the crypto industry and its regulation following the collapse of crypto exchange FTX. The global investment bank envisages several new regulatory initiatives, including those focusing on custody, customer asset protection, and transparency. JPMorgan...
BlockFi sues FTX's Bankman-Fried over shares in Robinhood
29.11.2022
BlockFi is demanding Bankman-Fried’s investment company turn over its shares in Robinhood as collateral it agreed to pay as part of a pledge agreement
From the NY Times to WaPo, the media is fawning over Bankman-Fried
29.11.2022
Mainstream media outlets just can’t seem to stop drooling over the disgraced FTX founder
Kevin O’Leary Reveals How He Almost Secured $8 Billion to Rescue FTX Before It Collapsed
29.11.2022
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has shared how he and Sam Bankman-Fried (SBF) almost raised $8 billion from institutional investors to save crypto exchange FTX before it collapsed. However, when reports emerged of FTX being investigated by several authorities, including...
ECB president reiterates calls for 'MiCA II' in response to FTX collapse
28.11.2022
In June, Christine Lagarde said a potential MiCA II framework “should regulate the activities of crypto-asset staking and lending, which are definitely increasing.”
FTX collapse impacts Miami’s nightclub scene: Report
28.11.2022
Young crypto entrepreneurs went from spending big bucks on champagne showers to being visibly absent from the nightclub scene
US House committee sets Dec. 13 date for FTX hearing
28.11.2022
The House event, titled "Investigating the Collapse of FTX," will follow a similar hearing in the Senate Agriculture Committee scheduled for Dec. 1
Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’
28.11.2022
On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that the company has voluntarily petitioned for Chapter 11 bankruptcy protection. Blockfi is now one of many digital currency businesses dealing with significant financial hardships and bankruptcy proceedings...