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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...
US House Committee to Hold Hearing on FTX Collapse – Regulation Incoming?
17.11.2022
The US House Financial Services Committee plans to investigate the collapse of FTX and hold a hearing on the matter next month.
Current Chair and Congresswoman Maxine Waters, D-Calif., and Congressman Patrick McHenry, R-N.C., announced the hearing in a joint statement on Wednesday, saying that...
US crypto exchanges lead Bitcoin exodus: Over $1.5B in BTC withdrawn in one week
17.11.2022
Cold feet are in charge as exchange users continue to move Bitcoin from exchanges to non-custodial wallets
Bahamian FTX Liquidators Cite ‘Serious Fraud and Mismanagement’ in Court Filings
17.11.2022
Court filings from Wednesday show liquidators are seeking to halt asset sales while the complex enterprise is wound up
Australia Suspends Financial Services License of Local FTX Entity
17.11.2022
Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to provide limited financial services until Dec. 19 in order to terminate existing derivatives....
Aussie treasurer promises crypto regulation next year amid FTX debacle
17.11.2022
A spokesperson for Australian Treasurer Jim Chalmers said they are closely monitoring the fallout from FTX's collapse
No red flags at FTX despite 8 months of 'extensive due diligence' — Temasek
17.11.2022
Despite eight months of due diligence, investment firm Temasek found no major concerns with FTX’s financials and no sign that the crypto exchange would eventually collapse
Tremors from FTX's collapse reverberate through the scientific community
17.11.2022
With Sam Bankman-Fried involved in so many philanthropic ventures, the fallout of FTX could also see a variety of grants and investments being subject to clawbacks or not honored
Investment Firm Paradigm Still Optimistic About Crypto — Says ‘Issues at FTX Are Precisely Ones Defi Can Solve’
17.11.2022
Investment firm Paradigm is still optimistic about crypto’s potential following the collapse of FTX. “The blowup of FTX has caused some to question crypto’s value. But the issues at FTX are precisely ones that decentralized finance [defi] can solve through increased transparency...
Temasek Says Its FTX Investment Is Now Worth Zero
17.11.2022
The Singaporean investment fund said it conducted 8 months of due diligence on FTX in 2021 before buying a 1% stake in the exchange
Berkshire’s Charlie Munger Likes the Fed, Hates Bitcoin Promoters, Calls Tesla’s Success a Miracle
17.11.2022
Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, has commented on the collapse of crypto exchange FTX, stating that “it is partly fraud and party delusion.” Noting that “the country did not need a currency that’s good...
Bahamian liquidators reject validity of FTX's US bankruptcy filing
17.11.2022
The provisional liquidator overseeing the FTX Digital Markets bankruptcy proceedings says FTX wasn’t authorized to file for bankruptcy in the U.S without his approval
Kevin O’Leary Slammed for Saying He’d Back Former FTX CEO Again — Insists SBF Is a ‘Brilliant’ Crypto Trader
17.11.2022
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says that he would again back Sam Bankman-Fried (SBF), the former CEO of the collapsed crypto exchange FTX. “You can’t be serious,” many people told O’Leary, alleging that SBF is a fraud who stole billions from...
Esports team TSM suspends $210M sponsorship deal with FTX
17.11.2022
TSM confirmed that it remains “strong, profitable and stable” despite its decision to suspend the sponsorship with FTX
Robert Kiyosaki Says Bitcoin Isn’t the Problem — Calls Former FTX CEO the ‘Bernie Madoff of Crypto’
17.11.2022
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says bitcoin is not the problem following the collapse of cryptocurrency exchange FTX. Kiyosaki believes that former FTX CEO Sam Bankman-Fried is more like the Bernie Madoff of crypto than the Warren Buffett of crypto....
FTX’s new CEO John Ray coldly addresses SBF’s erratic tweets
17.11.2022
The new CEO of FTX gave a curt statement in response to the series of intermittent tweets by former CEO Sam Bankman-Fried
FTX just imploded, and Jack Dorsey wants to talk about the next stage for crypto?
17.11.2022
People need time to catch up before Jack Dorsey tries to launch the next generation of the internet
Gaming Pros Battle Elon Musk's Twitter While Ditching Bankrupt Crypto Sponsor
17.11.2022
In April, crypto exchange FTX paid esports company TSM $210 million to change its name to TSM FTX. On Wednesday, TSM FTX changed its name back to just plain old TSM days after FTX filed for bankruptcy following the biggest crash in crypto history. And it only had to spam Twitter’s save button...
Tether Says It Had No Exposure to Genesis Global and Gemini Earn, Crypto Experts Are Doubtful
17.11.2022
Tether, the issuer of the major stablecoin USDT, denied having exposure to either Genesis Global Capital or Gemini Earn yield product.
The company said in an announcement that it was “operating business as usual,” claiming that,
“With recent news surrounding Genesis today, Tether would like...
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