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First Mover Americas: FTX Fallout Reverberates Across Crypto-Land
16.11.2022
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 16, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
4 Key Takeaways from the FTX Fiasco
16.11.2022
The real reason why the FTX failure hits so hard is not because the crypto industry was duped, but because it proved that the industry was vulnerable to being duped
Billionaire Charlie Munger Condemns Cryptocurrencies Following FTX Collapse, Says ‘I Think It’s Totally Crazy’
16.11.2022
Berkshire Hathaway’s Vice Chairman Charlie Munger has long voiced his criticism of crypto, with a particular focus on bitcoin (BTC). Unsurprisingly, the ongoing market downturn and the abrupt collapse of major exchange FTX have further pushed the investor over the brink....
Read More: Billionaire...
FTX Bitcoin stash worth same as Mt. Gox 840K BTC before hack
16.11.2022
The infamous Mt. Gox Bitcoin hack cost the same in U.S. dollar terms as FTX emptying its 20,000 BTC balance
Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse
16.11.2022
The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022
US reportedly considering Bankman-Fried extradition for questioning
16.11.2022
Authorities in both countries are reportedly in conversation about whether to bring the former FTX CEO back to the United States
Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse
16.11.2022
The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United States, the department revealed it has been tracking its activities in Turkey. Turkish Financial...
New Development: Sam Bankman-Fried is Attempting to Raise New Capital to Fix FTX Problem
16.11.2022
Founder and former CEO of FTX Sam Bankman-Fried is striving to raise fresh capital in a bid to make customers whole despite bankruptcy filings.
In a recent Twitter thread, he is "meeting in-person" with both potential investors and regulators to do what they can for customers. "And after that...
FTX crisis could extend crypto winter to the end of 2023: Report
16.11.2022
The crypto market might see “second-order effects” from counterparties that may have lent or interacted with either FTX or Alameda
Bitcoin miners send less BTC to exchanges since 2020 halving despite FTX
16.11.2022
FTX volatility only resulted in a brief uptick in miner sales on exchanges, with the trend already returning to normal
FTX Contagion: This Crypto Currency Exchange Just Suspended Withdrawals
16.11.2022
The FTX contagion keeps spreading. Among the most recently affected companies is the Liquid exchange, which suspended withdrawals on Tuesday.
The exchange stated that it had done so in order to comply with regulations relating to FTX's bankruptcy filing.
The company said on Twitter that,
"Fiat...
FTX loses its license in Australia until May 2023
16.11.2022
In light of FTX’s disclosure of its liquidity crisis, the business has no room to recover as it continues to suffer reputational damage around the world. As a result of a recent turn of events, the Australian Securities and Investments Commission (ASIC) has decided to put a suspension on...
Tim Draper still positive on $250K Bitcoin price prediction in 2023
16.11.2022
The collapse of FTX crypto exchange has nothing to do with the success of Bitcoin because BTC is decentralized, and FTX was not, Tim Draper said
Crypto Lender BlockFi Pauses Platform Activity, Prepares for Bankruptcy Amid FTX Drama
16.11.2022
Crypto lender BlockFi has continued to pause withdrawals amid the fallout of cryptocurrency exchange FTX, saying that they are exploring all scenarios to find the best path forward....
Read More: Crypto Lender BlockFi Pauses Platform Activity, Prepares for Bankruptcy Amid FTX Drama
FTX Collapse: African Crypto Industry Leaders’ Perspective and Advice to Regulators
16.11.2022
The collapse of FTX and subsequent calls for tougher regulation by the likes of U.S. Senator Elizabeth Warren have increased the likelihood of regulators adopting even stricter crypto laws. In Africa, crypto industry participants warn of the unintended consequences arising from rushed...
FTX’s Bahamas Arm Files for Bankruptcy Protection in US
16.11.2022
The move on behalf of FTX.com, based in the Caribbean, is the latest legal move in the crypto exchange’s collapse
Coinbase: FTX’s Collapse Will Likely Lead to an Extended Crypto Winter
16.11.2022
Poor liquidity in cryptocurrency markets could last until at least the end of the year and the crypto winter until end-2023, the exchange said
Solana entities sold 50M tokens to FTX — How long will SOL price suffer?
16.11.2022
Most of FTX's Solana exposure stands vested, meaning the defunct exchange will gradually gain access to millions of SOL up until January 2028
Ukraine’s Deputy Digital Minister Rejects ‘FTX-Democrats Narrative’
16.11.2022
Claims that Ukraine has invested military aid into the bankrupt crypto exchange FTX have been rebutted by a representative of the Ukrainian government. Speculation circulated on social media suggested such funds have been returning to the U.S. via FTX donations for the Democratic Party. Kyiv...
FTX downfall was a turning point for citizen journalism: Coinbase CEO
16.11.2022
Brian Armstrong, the CEO of Coinbase has applauded the efforts of crypto analysts and citizen journalists amid the fall of FTX