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US Treasury Secretary and Indian Finance Minister Discuss Crypto Regulation
13.11.2022
U.S. Treasury Secretary Janet Yellen and Indian Finance Minister Nirmala Sitharaman discussed crypto regulation during the ninth India-U.S. Economic and Financial Partnership meeting. They stressed the importance of international cooperation and setting high regulatory standards globally. US...
Bahamas Securities Regulator Says It Didn't Order FTX to Reopen Local Withdrawals
13.11.2022
Crypto exchange FTX was not required to allow Bahamas-based customers to withdraw their funds, a local financial regulator said Saturday
Former US Treasury Secretary Larry Summers Compares FTX Collapse to Enron Fraud
13.11.2022
Former U.S. Treasury Secretary Lawrence Summers has compared crypto exchange FTX to Enron, noting that the case is a classic fraud rather than the complexities of cryptocurrency regulation. He said the regulatory community ought to draw two lessons from the collapse of FTX. Larry Summers Compares...
Robert Kiyosaki: I’m a Bitcoin Investor — When BTC Hits New Bottom, I Get Excited
13.11.2022
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he is not worried about the price of bitcoin dropping. “I am a bitcoin investor,” he said, adding that when the price of the cryptocurrency hits a new bottom, he gets excited. Robert Kiyosaki...
FTX Hack Sparks Revolution at Serum DEX as Solana Devs Plot Alameda's Ouster
13.11.2022
Developers are scrambling to create a new version of the on-chain liquidity hub that has no ties to Sam Bankman-Fried’s burning empire
Elon Musk Tells Twitter Staff Economic Picture Ahead Is Dire — ‘Bankruptcy Isn’t Out of the Question’
13.11.2022
Tesla CEO and Twitter chief Elon Musk has informed Twitter employees that the company’s “economic picture ahead is dire.” Noting that “bankruptcy isn’t out of the question,” the billionaire stressed that “Without significant subscription revenue, there is...
FTX CEO Confirms Reports of ‘Unauthorized Access to Certain Assets,’ Team Is ‘Coordinating With Law Enforcement’
12.11.2022
Following the reports that said FTX wallets were being drained and the FTX Telegram channel’s admins that detailed its possible malware might be present in FTX-related apps and websites, the company’s new CEO John Ray confirmed there were “unauthorized transactions.” The news was shared by...
Russia’s Digital Ruble Integrated Into Banking App
12.11.2022
VTB has become the first Russian bank to add the digital ruble to its mobile application. The integration is currently being tested with accounts set up for legal entities. Select customers will be granted access in the coming months and will be able to join the trials. VTB’s Mobile App to Support...
Hedge Fund Galois Capital Discloses ‘Roughly Half’ of the Firm’s Capital ‘Stuck on FTX’
12.11.2022
According to the co-founder of Galois Capital, the hedge fund manager who warned about the Terra collapse before it happened, half of the hedge fund’s capital is left trapped on FTX. Galois co-founder, Kevin Zhou, wrote a letter to investors explaining the situation and said he was “deeply sorry”...
FTX CEO John Ray Confirms Late-Night Hack, Says Company Is Working With Law Enforcement
12.11.2022
Bankrupt crypto exchange FTX’s new CEO, John Ray, took to Twitter Saturday to confirm that the exchange and its U.S. subsidiary, FTX US, were hacked last night in an attack that drained hundreds of millions of dollars in crypto out of the exchanges’ wallets
Coinex Looks Forward to Celebrating RLWC2021’s Finalists
12.11.2022
PRESS RELEASE. As the exclusive cryptocurrency trading platform partner of the Rugby League World Cup 2021 (RLWC2021), CoinEx is looking forward to joining audiences worldwide in cheering on the players who reach the men’s, women’s and wheelchair finals, set to take place in Manchester on 18 –...
Flight Radar Report Shows FTX Co-Founder’s Private Jet Flew to Argentina, SBF Says He’s Still in the Bahamas
12.11.2022
According to Flightradar24’s official Twitter account, the most tracked flight at 3:33 a.m. on Nov. 12, 2022, was Sam Bankman-Fried’s (SBF) private jet flying from the Bahamas to Argentina. While the flight track doesn’t mean SBF took the flight, a number of people suspected someone from...
The Epic Collapse of Sam Bankman-Fried's FTX Exchange: A Crypto Markets Timeline
12.11.2022
Tracing the CoinDesk Market Index (CMI) through key news developments in the swift unraveling of billionaire Sam Bankman-Fried's crypto empire shows just how quickly the speculation kept shifting
Proof-of-Reserves Concept Gains Traction as Major Crypto Exchanges Provide Wallet Lists and Promise Full Audits
12.11.2022
When it was first discovered that FTX might be insolvent, a large slew of crypto exchange executives said that they aimed to provide proof-of-reserves audits. While exchanges like Binance and Crypto.com have provided wallet addresses tied to company wallets, blockchain analytics firm Nansen...
Report Says Alameda Research ‘Didn’t Trade Crypto,’ Speculators Think SBF’s Political Connections Let FTX Fly Under the Radar
12.11.2022
On Nov. 11, 2022, FTX Trading Ltd. filed a voluntary petition for Chapter 11 bankruptcy protection in Delaware. The news followed a few days of speculation and evidence that had shown the digital currency exchange was likely insolvent. The company’s bankruptcy filing and information concerning...
Biggest Movers: DOGE Surges Following Elon Musk Comments on the Meme Coin
12.11.2022
Dogecoin was one of the only crypto tokens to trade higher on Saturday, as comments from Elon Musk boosted prices. Speaking in a Twitter Spaces centered around the FTX collapse, Musk was heard saying: “Doge to the moon.” Solana on the other hand extended its declines, falling by over 15%....
For Coinbase, FTX’s Bankruptcy Has Its Pluses and Minuses
12.11.2022
FTX’s collapse may turn off some investors from putting money into crypto altogether, but it could be an opportunity for Coinbase to pick up market share
Bitcoin, Ethereum Technical Analysis: BTC Heads Lower on Saturday, as FTX Saga Continues
12.11.2022
In a week of turbulence, cryptocurrencies maintain this sentiment into the weekend, with both bitcoin and ethereum moving lower. Bitcoin once again slipped below $17,000 on Saturday, as it was reported that a hack on FTX had taken place. Ethereum also moved lower today, as the token remained below...
FTX Reportedly Hacked as Telegram Group Admin Comments on Possible ‘Malware’ Present in Apps, Irregular Fund Movements Registered Onchain
12.11.2022
Admins of the Telegram group of the FTX community stated that the platform had been hacked and all of the funds of the exchange seemed to be gone. FTX U.S. General Counsel Ryne Miller, who reportedly pinned the message in the group, explained he was investigating “abnormalities”...
LBank Announces to Publish an Auditable Merkle Tree and Proof of Reserves (POF)
12.11.2022
PRESS RELEASE. INTERNET CITY, DUBAI, Nov. 12th, 2022 – Global crypto exchange, LBank, has recently announced that it will share its Merkle-tree proof-of-reserves, in view of recent concerns about the opaque nature of certain industry issues. LBank gave a public statement on November 9th stating...