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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...
FTX logos and promotional material still everywhere despite bankruptcy proceedings
28.11.2022
Though some officials have removed all traces of their deals with FTX, the firm's branding still appears on a few sports venues and merchandise
Terra Supporters Hope to ‘Defy the Odds’ by Pumping the Now-Defunct Stablecoin USTC Back to $1 Parity
28.11.2022
It’s been six months since Terra’s algorithmic stablecoin UST (now USTC) depegged from the U.S. dollar and the price has remained depegged from the greenback since May 9, 2022. Currently, the former stablecoin is exchanging hands for $0.02 per unit, but a number of Terra Classic supporters believe...
BlockFi files for bankruptcy, as many expected, cites FTX collapse for its troubles
28.11.2022
The crypto lender was previously "rescued" by FTX following the LUNA stablecoin collapse
BlockFi Files for Bankruptcy as FTX Contagion Spreads
28.11.2022
BlockFi filed for bankruptcy days after suspending withdrawals last week. FTX had extended a $400 million line of credit to the lender earlier this year
FTX Direct Clearing Plan Was Nowhere Close to Being Approved, CFTC Chief Says
28.11.2022
Rostin Behnam had previously said the plans to streamline financial market structure were a potentially unique disruptive innovation
First Mover Americas: Bahamas on Defense After FTX's Collapse
28.11.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 28, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Centralized Crypto Exchanges Will Remain Dominant Despite FTX Collapse: JPMorgan
28.11.2022
DeFi protocols rely heavily on centralized exchanges to be able to function and it would likely take a long time until price discovery shifts from centralized to decentralized exchanges, JPMorgan said
Wolf of Wall Street Jordan Belfort Admits He Lost $300,000 in Crypto Hacking – This is What Happened
28.11.2022
Jordan Belfort, the former stockbroker known as 'The Wolf of Wall Street,' claims that he lost more than $300,000-worth of crypto in a hack last year, and that he moved all his assets from exchanges into cold storage.
Belfort, who is also notorious as a convicted financial criminal, went on Yahoo...
JPMorgan: Crypto Market Regulatory Initiatives to Accelerate After FTX’s Collapse
28.11.2022
Crypto derivatives trading is likely to shift to regulated venues, and the Chicago Mercantile Exchange is expected to emerge as a winner, the bank said