Search
Industry confident in NFTs amid FTX collapse: Nifty Newsletter, Nov. 16–22
23.11.2022
Despite the effects of the FTX debacle, many industry players remain positive and hopeful that NFTs will recover
Bankruptcy Lawyers Say FTX Was Operated by ‘Inexperienced and Unsophisticated Individuals’
23.11.2022
On Tuesday, the attorneys representing FTX told the court that a “substantial amount of assets have either been stolen or are missing” and further stressed to the bankruptcy court that FTX executives left the lawyers James Bromley and Sullivan Cromwell with limited information. Bromley further...
Elon Musk Slams Semafor’s ‘Journalistic Integrity’ — Tesla Exec Says ‘Semafor Is Owned’ by FTX Co-Founder Sam Bankman-Fried
23.11.2022
Following the significant amount of criticism directed at mainstream media publications for a lack of journalistic integrity while reporting on FTX executives, Tesla’s executive Elon Musk called out the news website Semafor because the former FTX CEO Sam Bankman-Fried (SBF) was a lead investor....
FTX collapse triggers second thoughts on Busan City's crypto exchange plans
23.11.2022
The Busan city administration has signed agreements with multiple crypto firms, including Binance, Huobi Global, Crypto.com, as well as the troubled FTX exchange
Bank of England Deputy Governor: FTX Collapse Highlights Urgent Need for Tighter Crypto Regulation
23.11.2022
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, says the collapse of cryptocurrency exchange FTX has highlighted the urgent need for tighter crypto regulation. “We should not wait until it is large and connected to develop the regulatory frameworks necessary...
US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry
23.11.2022
Several U.S. senators have called on Fidelity Investments to reconsider allowing bitcoin in 401(k) retirement plans. “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious problems,” the lawmakers told Fidelity...
Bank of England Warned Consumers About DeFi Risks Following FTX Collapse – Regulation Coming Soon?
22.11.2022
Bank of England (BoE), the UK’s central bank, warned consumers about the risks of using decentralized finance (DeFi) protocols shortly after the crypto exchange FTX collapsed.
The warning from the central bank was given in a speech by Deputy Governor of the Bank of England, Jon Cunliffe, at...
Onchain Research Shows FTX’s Falling BTC, ETH, Stablecoin Balances ‘Suggest Cracks Had Formed as Far Back as June’
22.11.2022
While the analytics firm Nansen published a report that points to the Terra collapse igniting the flames of FTX’s and Alameda Research’s financial problems, onchain data from the intelligence and research firm Glassnode suggests FTX’s “cracks had formed as far back...
US Senators Ask Fidelity to Reconsider Bitcoin 401(k) Offerings Following FTX Collapse
22.11.2022
"The ill-advised, deceptive, and potentially illegal actions of a few have a direct impact on the valuation of Bitcoin and other digital assets," the letter read
FTX Co-Founder Sam Bankman-Fried Faces US Extradition, Bankruptcy Court Says Top Execs Won’t Be Compensated
22.11.2022
According to a report citing three people familiar with the matter, the former FTX CEO Sam Bankman-Fried (SBF) may be extradited to the United States for questioning. After it was alleged that SBF transferred $10 billion in customer funds to Alameda Research, the company’s financials show between...
Industry expresses confidence in the NFT space amid the FTX collapse
22.11.2022
NFT artist Johnathan Schultz believes that the era of NFTs without utility is dwindling, and to survive, it must outgrow the “memeification” of things
South Korea, Singapore, Japan Top Countries Most Impacted by FTX Collapse: Report
22.11.2022
A new analysis shows that the countries most impacted by the collapse of cryptocurrency exchange FTX are South Korea, Singapore, and Japan. Moreover, Russia, Germany, Turkey, Taiwan, India, Egypt, and Brazil also made the top 10 list of countries most affected by the FTX meltdown. Countries Most...
Ethereum Co-Founder Vitalik Buterin Discusses FTX Collapse — Says ‘Centralized Anything Is by Default Suspect’
22.11.2022
Ethereum co-founder Vitalik Buterin says many people in the Ethereum community see the FTX collapse “as a validation of things they believed in all along: centralized anything is by default suspect.” However, he warned that automatically downgrading every single thing former FTX CEO...
Market Wrap: Crypto Markets Nervous as the FTX Collapse Dents Institutional Confidence
21.11.2022
Coinbase and MicroStrategy bonds tanked, crypto markets plunged and the FTX exploiter moved a total of 180,000 ether. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
BTC Has Died 466 Times — 2 More Death Calls Added to the Bitcoin Obituaries List After FTX Collapsed
21.11.2022
Just before the FTX collapse, bitcoin was trading above the $20K zone and after the problems started to show and the company filed for bankruptcy, bitcoin’s price dropped close to 19% lower than it was days before the fiasco. According to the official Bitcoin Obituaries list, the sliding...
CME Group’s CEO Called FTX’s Sam Bankman-Fried an ‘Absolute Fraud’ When They Met in March
21.11.2022
According to the CEO of CME Group, Terry Duffy, the executive met with former FTX CEO Sam Bankman-Fried (SBF) last March at a conference, and Duffy ended up calling the FTX frontman a “fraud.” When Duffy sat down with SBF, the former FTX executive said his end goal was to compete with CME Group....
These Countries Were Hit The Hardest By the FTX Collapse – Find Out Why
21.11.2022
South Korea, Singapore, and Japan are the three countries most impacted by crypto exchange FTX's infamous implosion, with a combined 15.7% traffic share to FTX.com, said a report by Coingecko.
The methodology of the study, as explained by Julia Ng, who leads Growth Marketing & PR at CoinGecko...
Coinbase, MicroStrategy Bonds Tank as FTX Collapse Dents Institutional Confidence in Crypto
21.11.2022
High bond yields are reflective of sharply higher rates as well as skepticism about the long-term viability of crypto amongst institutional investors, one investor said
The FTX collapse not enough to break crypto community’s spirit: IBW 2022
21.11.2022
Istanbul Blockchain Week was held in Turkey, and Cointelegraph attended to experience the impact of the FTX collapse firsthand — the result was unexpected
Vitalik Buterin offers lessons for crypto in wake of the FTX collapse
21.11.2022
Ethereum co-founder Vitalik Buterin said the collapse of FTX has illustrated once again that the problem lies in people, not technology