Search
CFTC Chief: Nothing Changed After FTX Meltdown to Empower Agency to Prevent Repeat
15.11.2023
U.S. regulators don't have any more authority now to head off another major crypto collapse than they did when FTX imploded and took much of the industry with it, said Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam
Market meltdown: Borroe stands out as a safe haven
2.9.2023
Borroe ($ROE), a recent entrant in the cryptocurrency sphere, aims to revolutionize the Web3 sector. It offers an innovative approach to financing that simplifies project and business funding. As the cryptocurrency market faces threats of a severe meltdown, Borroe has stood its ground as a haven...
Subpoena Evasion: 3AC Asks Court to Fine Kyle Davies $10,000 Daily for Non-Compliance
18.6.2023
In February, it was reported that Kyle Davies, the co-founder of Three Arrows Capital (3AC), faced allegations of evading subpoenas related to the collapse of the defunct Singapore cryptocurrency hedge fund. The current custodians of the 3AC estate are now pursuing a daily fine of $10,000 against...
Inflation and Anguish: Outraged Lebanese Depositors Continue to Riot Against Financial Institutions
15.5.2023
Amid Lebanon’s financial crisis, significant demonstrations have erupted in Beirut targeting financial institutions. Outraged Lebanese depositors, witnessing their savings vanish, have resorted to smashing bank windows, setting fires, and engaging in riots. Simultaneously, leaders...
Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet
4.5.2023
Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June amid hyperinflation of the U.S. dollar. Srinivasan paid a total of $1.5 million, more than the initially committed $1 million, with two-thirds of...
Hillary Clinton Warns of ‘Worldwide Financial Meltdown’ and Dollar Losing Reserve Currency Status if US Defaults on Its Debt
26.4.2023
Former U.S. Secretary of State Hillary Clinton has warned that the U.S. defaulting on its debt obligations could lead to a global financial meltdown. “If Congress keeps flirting with default, calls for dethroning the dollar as the world’s reserve currency will grow much louder,” she stressed....
Tether Market Cap Rises by 10% Following Stablecoin Meltdown – Can it Maintain the Lead?
15.3.2023
The market capitalization of the popular stablecoin tether (USDT) has risen as other stablecoins, including Circle’s USD coin (USDC) and MakerDAO’s DAI briefly lost their pegs over the weekend.
As a result of the increase in marketshare for tether, Binance USD (BUSD), a stablecoin issued...
Bitcoin rejects at $25K as US PPI data meets Credit Suisse meltdown
15.3.2023
BTC price attempts to break towards the week's highs, but a charging U.S. dollar creates some serious friction for Bitcoin bulls
Bitcoin Miner Stocks Surge Amidst Banking Meltdown
13.3.2023
Mining equities were up about 17% on average, along with the price of bitcoin
Report: South Sudan Government Bans US Dollar Transactions
14.2.2023
The government of South Sudan has reportedly prohibited U.S. dollar-based transactions and has directed that all local payments be settled in the local currency. The Salva Kiir Mayardit government reportedly said it also wants all signed commercial contracts to be based on the local currency. South...
Bitcoin's Weekly Options Trading Volume Rises to Highest Since FTX's Meltdown
24.1.2023
The uptick in bitcoin options volume is mainly driven by an increased demand for call options or bullish bets
Bitcoin faces $15K crash as US sparks 'financial meltdown' — Arthur Hayes
19.1.2023
Bitcoin will be just one of the risk assets which "crater" as the Federal Reserve is forced to abandon quantitative tightening in future, the ex-BitMEX CEO warns
'There will be many more zeros' — Kevin O'Leary on FTX-like collapses to come
18.1.2023
The Shark Tank star said all unregulated exchanges are seeing “massive outflows” right now, and rightly so
Congressman Does Leeroy Jenkins Impression Amid Republican Meltdown
5.1.2023
Since Tuesday, Rep. Kevin McCarthy (R-Calif.) has lost six rounds of voting to become the next Speaker of the House in Congress. These humiliating defeats have left the legislative branch of the U.S. Government in limbo and even led one bored congressman to go full Leeroy Jenkins on the House floor...
Indian Crypto Market Suffers Significantly — Experts Say Trading Volumes Unlikely to Recover Anytime Soon
27.12.2022
Crypto trading volumes in India have plunged significantly this year. The FTX meltdown has exacerbated the problem, hurting “the sentiment across crypto tokens.” Local crypto experts are not expecting a recovery in the near future “Unless something dramatic happens” in...
G20 Countries to Build Crypto Policy Consensus for Better Global Regulation
18.12.2022
The G20 countries aim to build a policy consensus on crypto assets for better global regulation. “After the crypto meltdown which we have seen recently, it is clear that we need internationally agreed standards on regulation,” said the International Monetary Fund (IMF)’s deputy...
The FTX Meltdown Calls for Higher Standards in Crypto Journalism
15.12.2022
Revelations that Bankman-Fried secretly funded crypto news publisher The Block deepened mistrust of the crypto industry
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...
Binance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore Confidence After FTX Meltdown
25.11.2022
Binance has committed $1 billion to a crypto industry recovery initiative to restore confidence following the collapse of crypto exchange FTX. Several other crypto companies have joined Binance’s efforts and committed capital for the recovery fund. Crypto Industry Recovery Initiative Launched...
Ripple CTO Says One Important Lesson From FTX Meltdown ‘Will Not Be Learned’
24.11.2022
A Ripple executive says there is one important lesson from the meltdown of crypto exchange FTX that he “can say with total confidence will not be learned.” The executive added: “Regulation that punishes after the fact won’t catch it. Investor due diligence won’t...