FSB points out shortcomings in multi-functional crypto-asset intermediaries highlighted by FTX collapse

The Financial Stability Board has released a report highlighting the need for additional regulations in the crypto industry, particularly in the wake of the FTX collapse, to mitigate risks similar to those in traditional finance.

273 +

Tom Brady faced millions in losses from FTX’s collapse

Tom Brady suffered a $30 million loss in the collapse of FTX crypto, facing legal challenges. Other celebs like Logan Paul and Neymar Jr. have also been hit hard with similar losses.

469 +

Stablecoin reserves in centralized exchanges continue to fall after FTX collapse

Gradually, alongside the cryptocurrency industry, stablecoins are growing in strength and popularity. The post Stablecoin reserves in centralized exchanges continue to fall after FTX collapse appeared first on CryptoSlate.

706 +

3AC founder says DCG and FTX helped cause Terra collapse

In a recent Twitter thread, Zhu Su claims DCG and FTX directly fueled the collapse of Terra.

237 +

Inside Kevin O’Leary and Binance’s CZ Hot Exchange Over FTX’s Collapse

124 +

After the FTX Collapse, Investors are Jumping on Metacade (MCADE)

Crypto markets were sent into meltdown at the start of November 2022, as a massive black hole was discovered in the balance sheet of FTX, the world’s second-largest crypto exchange. Despite initial attempts from Binance, FTX’s arch-rival, to inject liquidity into FTX and save them from collapse, FTX filed for US bankruptcy wiping $2 billion […] The post After the FTX Collapse, Investors are Jumping on Metacade (MCADE) appeared first on Invezz.

328 +

Do Kwon Says Alameda Instigated Terra’s Downfall – Suggests FTX’s Collapse Is Deserved

151 +

Total crypto market-cap hits $850B as Bitcoin and altcoins recover from FTX’s collapse

The total crypto market recovers some lost ground as the contagion risks associated with FTX’s collapse begin to look resolvable.

94 +

Ethereum [ETH]: PoS network's performance since FTX collapse reveals...

ETH staking and validator count growth remained unaffected as the market grappled with the FTX's collapse There was, however, a slight fall in daily earnings per validator on the chain SevenThe post Ethereum [ETH]: PoS network's performance since FTX collapse reveals... appeared first on AMBCrypto.

274 +

FTX was under US prosecutors radar before collapse

The Attorney's Office of the Southern District of New York was investigating FTX months before its collapse The investigation was related to United States Bank Secrecy Act The most infamous The post FTX was under US prosecutors radar before collapse appeared first on AMBCrypto.

289 +

BoE speculates FTT token fire sale may have sparked FTX collapse, calls for widespread regulation

Bank of England’s (BoE) Deputy Governor for Financial Stability Jon Cunliffe published a speech on November 21, where he said that the FTX collapse was triggered by an run and that the crypto space should be brought under regulation to offer stability.

181 +

The FTX collapse not enough to break crypto community’s spirit: IBW 2022

Istanbul Blockchain Week was held in Turkey, and Cointelegraph attended to experience the impact of the FTX collapse firsthand — the result was unexpected.

110 +

The U.S. Congress Is Set For A String Of Hearings After The FTX Collapse

FTX’s implosion has set off a Congressional hearing to unravel the circumstances that led to the collapse of the exchange but a rival is expected to give an account of its role in the fiasco. The Financial Services Committee of the U.

212 +

Binance Denies UK Lawmaker’s Allegation That It Deliberately Played a Role in FTX’s Collapse

Crypto exchange FTX recently filed for bankruptcy protection in the US. Authorities are investigating the cause of the tragic collapse. In a submission to the U. K. Parliamentary Treasury Committee, Binance on Wednesday denied claims that it deliberately intended to sink competitor cryptocurrency exchange FTX.

119 +

Who sold the most BTC in the aftermath of the FTX collapse? 10yr holders sell at highest ever rate

Aside from wiping out billions from the global market cap, the collapse of FTX also wiped out the confidence of even the most convinced Bitcoin holders. The post Who sold the most BTC in the aftermath of the FTX collapse? 10yr holders sell at highest ever rate appeared first on CryptoSlate.

175 +

SBF, Alameda executives to testify on FTX collapse

Sam Bankman-Fried and several other executives will be asked to testify at an upcoming House Financial Services Committee hearing on the collapse of the FTX cryptocurrency exchange.   The exchange’s implosion has contributed to its native FTX token dumping by more than 90% in the past two weeks.

234 +

FTX’s collapse:  Hayman Capital’s Kyle Bass says ‘there’s more to come’

FTX’s collapse is still causing reverberations across the crypto market, with the latest crypto news being Genesis’s lending business halting customer withdrawals. Kyle Bass, the founder and CIO of Texas-based asset management firm Hayman Capital Management, says FTX’s collapse could just be the beginning of even more turmoil and failures in the crypto sector.

119 +

US financial committee to hold hearing on FTX collapse in December

The United States House Committee on Financial Services plans to hold a hearing into FTX collapse in December. The post US financial committee to hold hearing on FTX collapse in December appeared first on CryptoSlate.

82 +

Bahamian Supreme Court Approves Liquidators for FTX Assets

Authorities in the Bahamas, where Sam Bankman-Fried's FTX was headquartered, are investigating the exchange's dramatic collapse for criminal misconduct and breach of securities laws.

102 +

Binance didn’t short their FTT bag, says CEO

The CEO of Binance, Changpeng Zhao, discredited an allegation that it shorted FTT during the collapse of FTX.

280 +

Bitcoin flows out of exchanges marketwide following FTX collapse

Events of the past week have been absolutely crippling for Bitcoin. FTX’s collapse presents as the most impactful insolvency of a centralised company in the crypto space since the demise of Mt Gox in 2014.

210 +

Binance CEO Reveals Surprising Fact on FTX Collapse

FTX imploded in past week

198 +

Binance announces 'Industry Recovery Fund' to help cash-strapped projects

The crypto-industry has been trying to wrap its head around the unexpected collapse of the world’s second-largest crypto exchange FTX. On one hand, investors are anxious about the safety of their fuThe post Binance announces 'Industry Recovery Fund' to help cash-strapped projects appeared first on AMBCrypto.

247 +

Democrats Keep the US Senate but Crypto Only Has Eyes for FTX Collapse

After a whirlwind election week dogged by market madness, crypto’s regulatory future in the U.S. is in the hands of a divided government.

229 +

Another Crypto Exchange Halts Withdrawals on Heels of FTX Collapse: Details

Binance also made move to delist FTT

166 +

PrimeXBT: Among the oldest and most reliable crypto exchanges available on the market

Most new crypto startups and platforms blossom during a bull market when profits are flowing, and new venture capital is everywhere. The only problem is, as we’ve seen recently with the FTX collapse, these companies crash and burn just as fast as they appeared out of nowhere.

192 +

Galois Capital Lost 50% of Its Holdings in FTX; What Is Special About This Story?

Half a year ago Kevin Zhou of Galois Capital masterfully predicted LUNA/UST collapse; Now he lost over $100 million in FTX

168 +

The Epic Collapse of Sam Bankman-Fried's FTX Exchange: A Crypto Markets Timeline

Tracing the CoinDesk Market Index (CMI) through key news developments in the swift unraveling of billionaire Sam Bankman-Fried's crypto empire shows just how quickly the speculation kept shifting.

245 +

For Coinbase, FTX’s Bankruptcy Has Its Pluses and Minuses

FTX’s collapse may turn off some investors from putting money into crypto altogether, but it could be an opportunity for Coinbase to pick up market share.

213 +

Ethereum becomes most deflationary in history as activity spikes amid FTX collapse

Ethereum became the most deflationary in its history, as the annual supply dipped below zero for the first time since the Merge. The post Ethereum becomes most deflationary in history as activity spikes amid FTX collapse appeared first on CryptoSlate.

201 +

Crypto Companies Start Toppling Like Dominoes

Several crypto companies and firms are beginning to feel the extent of the damage of the FTX collapse, as some of them have funds stuck in the exchange. The post Crypto Companies Start Toppling Like Dominoes appeared first on BeInCrypto.

211 +

This Is Your Chance to Get Out of Crypto, Says Controversial Finance Analyst

Several analysts warn that this might be the time to get out of crypto, even as the FTX collapse sends shockwaves through the crypto markets. The post This Is Your Chance to Get Out of Crypto, Says Controversial Finance Analyst appeared first on BeInCrypto.

165 +

NFT Markets Collapse Following The FTX Crash

NFT markets are bleeding badly in the wake of the FTX crash that has seen over $150 billion wiped off the market in a matter of days. The post NFT Markets Collapse Following The FTX Crash appeared first on NFT News Today.

283 +

Market Wrap: Bitcoin Returns to Red, Tumbling 7% on FTX Collapse

Other cryptos also fell as investors digested the latest developments in the crypto exchange giant’s unraveling. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

196 +

Bankrupt Crypto Lender Voyager Reopens Bidding Process Following FTX’s Collapse

Voyager Digital is ending the deal to sell itself to FTX US after the latter also declared bankruptcy on Friday.

222 +

FTX crash pushes Bitcoin to self-custody; Ethereum switched for stablecoins

After the FTX collapse, investors are moving large amounts of Bitcoin (BTC) to their self-custody wallets and exiting Ethereum (ETH)  to invest in stablecoins, according to data analyzed by CryptoSlate.

227 +

How bullish is TRX after a withdrawal deal with FTX?

Right after the collapse of the FTX exchange, Tron (TRX/USD) and its associated tokens were gaining. That was after FTX controversially announced that users could withdraw Tron ecosystem tokens.

111 +

FTX crisis likely to spark a domino effect, macro analyst explains

The collapse of Sam Bankman-Fried’s crypto empire is likely to have repercussions beyond the crypto markets, according to Mike McGlone, senior commodity strategist at Bloomberg.

121 +

SEC Commissioner Hester Peirce: FTX’s Collapse Could Finally Be ‘Catalyst’ for Regulation

Hester M. Peirce discusses the “negative attention” crypto has gotten in the last week and why the downfall of crypto exchange FTX is perhaps the push regulators needed to “sit down and do some of the regulatory work.”

223 +

Binance CEO Was the First to Warn About FTX, Now CZ Says More Cryptos Will Collapse

Binance CEO Changpeng Zhao compared the current events unfolding around FTX to the start of the 2008 financial crisis. The post Binance CEO Was the First to Warn About FTX, Now CZ Says More Cryptos Will Collapse appeared first on BeInCrypto.

209 +

This Week in Crypto News: FTX Collapse, FIFA World Cup, and BitBoy Make Headlines

Crypto news: How the mighty are fallen as Sam Bankman-Fried goes from hero to zero, DOGE dealing in Turkey outstrips Ethereum and Bitcoin combined, and the XRP Army goes on maneuvers. The post This Week in Crypto News: FTX Collapse, FIFA World Cup, and BitBoy Make Headlines appeared first on BeInCrypto.

226 +

As The FTX Collapse Shows, Time, Money And People May Change But Liquidity Crises Don't

FTX's collapse mirrors that of most liquidity crises over the last 100 years, but Bitcoin offers a break in the cycle.

108 +

Tech Workers Still in Demand Despite Mass Layoffs, Says Ripple CTO

With the collapse of Sam Bankman-Fried’s FTX exchange, many of his skilled employees will likely have to seek new employment. Fortunately for them, the chief technology officer at Ripple Labs hinted that they may not have to look far.

235 +

Matrixport's BTC Fixed Income Product Affected by FTX's Collapse

The firm faces no risks of insolvency, Matrixport's spokesperson told CoinDesk.

179 +

FTX collapse: The crypto industry’s Lehman Brothers moment

The collapse of FTX came as a surprise to many, but as more information pours in, it seems FTX's liquidity crisis began sooner than many thought.

107 +

Crypto deviates from stocks for third time this year

What a week for crypto. The collapse of one of the industry’s key exchanges, FTX, has thrown the entire market into disarray (deep dive here). With a hole on the balance sheet of reportedly up to $8 billion, the markets have wobbled again.

172 +

U.S. Senators demanding better consumer protection after FTX collapse

The US senators have decided to continue with the SBF back bill despite the almost imminent collapse of FTX

213 +

When BTC will be able to update the historical maximum, like last year, when it cost $69,000

On Thursday, November 10, the crypto market continued to fall at a time when the community was faced with the consequences of the lightning collapse of Sam Bankman-Fried’s business and Binance’s rejection of plans to buy out the long-suffering FTX exchange to save its users’ deposits.

122 +

BlockFi Halts Withdrawals Due to FTX Collapse

Crypto lending service BlockFi has announced that it will suspend services due to FTX’s ongoing collapse. BlockFi Pauses Withdrawals BlockFi is pausing its services. The evening of November 10, the...

214 +