#FTXCOLLAPSE News

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U.S. CFTC Chair To Testify At Today’s FTX Hearing in Senate

thecryptobasic.com Benham will be the first witness at the FTX hearing scheduled today. The chairman of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Benham, will testify at a…

Senator Pat Toomey's Concerns about the SEC & Crypto

libsyn.com We brought on our first United States senator, Sen. Toomey. He's a senator from Pennsylvania, a ranking member of the Senate Banking, Housing, and Urban Affairs committees.…

Kraken laying off 30% of workforce as FTX fallout continues to rock crypto industry

yahoo.com Crypto exchange Kraken, the second largest in the U.S., is laying off 1,100 employees, or 30 percent of its workforce, its co-founder Jesse Powell said in a statement on…

Hedge Fund Manager Mark Yusko Warns of Two Shock Waves That Could Kill Crypto

beincrypto.com Mark Yusko, a renowned hedge fund manager, gave his take on whether the FTX collapse will speed up or slow down the crypto bear market. In a recent interview, Yusko focused…

FTX blowout puts CFTC head in crosshairs on Capitol Hill

foxbusiness.com The collapse of cryptocurrency trading platform FTX has put a spotlight on Rostin Behnam, the chairman of the Commodity Futures Trading Commission (CFTC), a little-known…

FTX founder Sam Bankman-Fried says he ‘screwed up’ but didn’t commit fraud

theguardian.com “Look, I screwed up,” fallen crypto billionaire Sam Bankman-Fried told a conference in New York on Wednesday, but he maintained he “didn’t ever try to commit fraud” and was…

Telegram To Build Decentralized Exchange, Crypto Wallets

cryptodaily.co.uk Messaging app Telegram has announced plans to build a decentralized exchange and non-custodial wallets in the wake of the FTX collapse. Telegram founder and CEO Pavel Durov…

U.S. CFTC chair to be questioned over FTX collapse by lawmakers By Reuters

investing.com By Hannah Lang (Reuters) - A leading U.S. financial regulator is set to be grilled by lawmakers on Thursday about the spectacular collapse of cryptocurrency exchange FTX and…

Binance Mulls FTX White Knight Role

cryptobriefing.com Binance Mulls FTX White Knight Role—What Comes Next? Binance’s U.S. arm is reportedly preparing to make a bid to acquire distressed crypto firms Voyager Digital and Genesis’…

U.S. CFTC chair to be questioned over FTX collapse by lawmakers

reuters.com Dec 1 (Reuters) - A leading U.S. financial regulator is set to be grilled by lawmakers on Thursday about the spectacular collapse of cryptocurrency exchange FTX and whether…

Crypto Still Relevant for the Future Post FTX: BlackRock CEO

watcher.guru BlackRock CEO Larry Fink said that crypto technology is still relevant for the future, despite the FTX collapse. The chief of the world’s largest asset manager said that…

Terra Luna Classic Price Prediction as ‘Merge Protocol’ Tries to Bring LUNA and LUNC Ecosystems Together

cryptonews.com Terra Luna Classic Price Prediction as ‘Merge Protocol’ Tries to Bring LUNA and LUNC Ecosystems Together – LUNC to $2 by 2023? The Terra Luna Classic price has crept up by…

U.S. crypto exchange Kraken to lay off 30% of its workforce, cites ‘market conditions’

forkast.news U.S.-based crypto exchange Kraken will lay off 30% of its global workforce, or approximately 1,100 people, to “adapt to current market conditions,” according to a company…

New Crypto Regulations Might Not Be Needed According to Fed Governor

beincrypto.com U.S. policymakers have been scrambling to develop a regulatory framework for crypto to protect the financial system. However, Fed governor Lisa Cook thinks that new…

BlockFi Sues for Sam Bankman-Fried's Robinhood Shares

wsj.com Cryptocurrency lender BlockFi, which filed for bankruptcy Monday, is suing for Sam Bankman-Fried’s Robinhood shares. BlockFi filed a lawsuit against Emergent Fidelity…

Sam Bankman-Fried said he thought the wild DM exchange between him and a reporter was a conversation with a 'longtime friend' who he 'stupidly forgot' was a…

businessinsider.com Getty Images Following the FTX collapse, the founder and former CEO exchanged wild DMs with a Vox reporter. Sam Bankman-Fried said Wednesday he didn't realize the…

Sam Bankman-Fried said he doesn't think he's criminally liable for FTX's implosion, but that his lawyers don't want him speaking publicly

businessinsider.com Sam Bankman-Fried, founder of FTX and Alameda Research FTX Sam Bankman-Fried said he doesn't think he is criminally liable for FTX's collapse. Under his leadership, the…

Ripple's Counsel Allegedly Blames SEC For BlockFi Bankruptcy

bitcoinist.com According to an official press release, BlockFi has commenced restructuring proceedings to stabilize the business and maximize value for its customers and stakeholders. The…

Genesis Creditors Onboard Restructuring Lawyers, Exploring Ways to Avert Bankruptcy

cryptopotato.com For several companies in the crypto sector, 2022 marked the end of the line. A few seemingly vanished overnight. But Genesis’ creditors are making desperate calls to save…

Sam Bankman-Fried Continues to Speak About FTX Despite Lawyer’s Advice

nytimes.com Ignoring Legal Advice, Sam Bankman-Fried Speaks on FTX The fallen founder of the cryptocurrency empire said it was his “duty” to talk about the exchange’s collapse. Why…

FTX founder Sam Bankman-Fried is grilled publicly for the first time

dailymail.co.uk 'I didn't try to commit fraud': Visibly nervous FTX founder Sam Bankman-Fried speaks publicly for FIRST time since $32B crypto exchange filed for bankruptcy - Disgraced FTX…

Bitcoin trades over $17,000 following Powell's speech, December decisions loom large

theblock.co The Fed is likely to slow its rate increases in December, while upcoming inflation data and the first U.S. House committee hearing on the FTX collapse also loom large for…

FTX proves MiCA should be passed fast, officials tell European Parliament committee

cointelegraph.com The European Parliament Economic and Monetary Affairs Committee held a hearing on "FTX cryptocurrency exchange collapse and implications for the EU" Nov. 30. Three European…

Bitcoin's 'artificially induced last gasp before the road to irrelevance'

ft.com Bitcoin's 'artificially induced last gasp before the road to irrelevance' Financial Times European Central Bank says bitcoin is on the 'road to irrelevance' CNBC ECB says…

Telegram founder wants to build new decentralized tools to combat power abuse By Cointelegraph

investing.com Telegram is set to build a set of decentralized tools, including noncustodial wallets and decentralized exchanges, said founder Pavel Durov via his Telegram channel on Nov.…

FTX Collapse Validates SEC Chair Gary Gensler's Crypto Skepticism

bloomberg.com FTX Collapse Validates SEC Chair Gary Gensler's Crypto Skepticism Bloomberg

Former FBI agents weigh in on FTX investigation, Sam Bankman-Fried's possible extradition

foxbusiness.com EXCLUSIVE: Former FBI agents who specialized in financial crimes and organized crime said federal investigators are likely in a "full court press" probing the FTX collapse…

FTX's Collapse Will Hamper Mainstream Crypto Acceptance, NYSE's Martin Says

bloomberg.com FTX's Collapse Will Hamper Mainstream Crypto Acceptance, NYSE's Martin Says Bloomberg

Telegram founder wants to build new decentralized tools to combat power abuse

cointelegraph.com Telegram is set to build a set of decentralized tools, including noncustodial wallets and decentralized exchanges, according to founder Pavel Durov via his Telegram channel…

Crypto Trader Auros Global Misses Payment on DeFi Loan As FTX Contagion Spreads

coindesk.com Auros Global, a crypto trading firm, is the latest to face liquidity problems following the FTX collapse as it missed payment Wednesday on a decentralized finance (DeFi)…

Crypto Exchange Kraken to Lay Off 1,100 as Industry Pain Deepens By Bloomberg

investing.com (Bloomberg) -- The crypto exchange Kraken is laying off 30% of its workforce, or about 1,100 people, as the fallout from this year’s digit-asset market meltdown worsens. The…

Bankman-Fried Says His Bank Account is Down to $100k, FTX’s Collapse was Preventable By DailyCoin

investing.com Former crypto billionaire, and founder of the infamous failed cryptocurrency exchange FTX, has revealed in his latest interview that his bank account holds only $100,000. In…

European Central Bank blasts Bitcoin

investing.com In light of the recent FTX collapse and liquidity scandal, regulators in the European Union have joined other global lawmakers in a push for more clear guidelines and…

Who Can Dethrone the King of Crypto Exchanges? Experts Weigh in

beincrypto.com Binance is the most dominant exchange in terms of trading volume. Can anyone dethrone Binance? Read the experts’ opinions. Binance accounted for more than 50% of the trading…

Sen. Sherrod Brown calls on Treasury Secretary Janet Yellen to help rein in cryptocurrency firms after FTX collapse

cnbc.com Sen. Sherrod Brown sent a letter to Treasury Secretary Janet Yellen urging her to help work on cryptocurrency legislaiton after the FTX collapse. - In a letter to the…

Gemini Crypto Pauses Withdrawals, Fallout Continues From FTX Collapse

forbes.com Key Takeaways - The Gemini exchange had to pause withdrawals after the FTX collapse caused a ripple effect on the cryptocurrency space. - Investors fear that Genesis, the…

FTX Contagion: Genesis and Gemini Hit in Crypto Chaos

cryptobriefing.com FTX Contagion: Genesis and Gemini Hit in Crypto Chaos The market turmoil created by FTX’s monumental meltdown is spreading throughout the crypto industry. Key Takeaways -…

Why Bitcoin, Ethereum, and Dogecoin Are Rising Today

fool.com What happened Shares of several of the most prominent and widely known cryptocurrencies rose this morning for no obvious reason as the industry continues to deal with…

Telegram set to build crypto exchange in response to FTX collapse

finbold.com Telegram founder Pavel Durov has announced plans by the messaging platform to unveil decentralized cryptocurrency products, including a crypto exchange and non-custodial…

Crypto Lenders’ Woes Worsen as Bitcoin Miners Struggle to Repay Debt

yahoo.com (Bloomberg) -- Beleaguered crypto lenders are being dealt another blow from Bitcoin miners as they weather the aftermath of the FTX collapse. Most Read from Bloomberg…

Cryptocurrencies to watch in December 2022

finbold.com After the shock of the FTX collapse that has shaken the very foundations of the cryptocurrency market, things are finally starting to look up for many digital assets, with…

Phantom pivots to Ethereum and Polygon to become a multi-chain wallet

ambcrypto.com Phantom wallet recently announced that it was enabling functionality for assets on Ethereum and Polygon - The wallet’s multi-chain strategy would focus on NFTs Phantom, a…

Bitcoin on Track for Biggest Monthly Loss After Terra Collapse: Details

u.today Bitcoin might be on track to post its biggest monthly loss since June following the shocking and tragic FTX collapse in November. Bitcoin is currently down 18% in November,…

FTX Subsidiary Will Release $175 Million For Use During Bankruptcy Proceedings

benzinga.com LedgerX, a subsidiary of FTX Group that also had to seek bankruptcy protection due to its parent company's collapse, will make available $175 million for use in the Chapter…

First Mover Asia: Bitcoin Rises Toward $17K Despite Investor Unease

coindesk.com Good morning. Here’s what’s happening: Prices: Bitcoin, ether and other major cryptocurrencies swung upward despite ongoing concerns about FTX fallout and macroeconomic…

Crypto Users Jump to DeFi Platforms in Wake of FTX’s CeFi Crash

thedefiant.io Don’t look now, but the FTX collapse has spurred a wave of interest in decentralized finance platforms. DeFi protocols are experiencing double digit increases in the number…

Sam Bankman-Fried says he only has $100,000 left in his bank account after FTX collapse: report

businessinsider.com Sam Bankman-Fried said he has "no idea" the status of his personal finances after FTX's collapse. - "I had $100,000 in my bank account last I checked," the former CEO told…

Chamber of Deputies Approves Brazilian Crypto Bill

coinspeaker.com Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and…

Is Solana a Better Buy Than Ethereum In 2023?

fool.com There are many moving parts in the cryptocurrency industry right now. The entire industry is in a deep bear market, and the recent collapse of FTX is potentially setting…

What is the best crypto use case? Community answers

cointelegraph.com While fears surround the crypto market because of how big projects and firms file bankruptcy one after the other, community members continue to remind the world of the best…

Singapore's Financial Regulator Defends Itself After FTX Blowup

coindesk.com Since the collapse, the Monetary Authority of Singapore (MAS), which was one of the first in the world to set up a rigorous regulatory regime for crypto companies, has had…

Centralized Crypto Exchanges Will Remain Dominant Despite FTX Collapse: JPMorgan

coindesk.com Centralized exchanges will continue to control the majority of global digital-asset trading volumes, JPMorgan said, contradicting some crypto-native experts who expect a…

SBF To Appear Before Texas Regulator In Securities Case

cryptodaily.co.uk The Texas Securities Board has summoned embattled former FTX CEO Sam Bankman-Fried to a February 2nd hearing. The summon is part of an investigation into whether FTX and Sam…

Return of the CEX: Binance Trade Volume Market Share Surges

beincrypto.com With the demise of its biggest rival, FTX, it is no surprise that the market dominance held by Binance has increased. However, there are many discrepancies in the volume…

Samsung Investment Arm Got Burnt By FTX Meltdown

beincrypto.com Samsung’s investment arm Samsung Next has also suffered from the collapse of FTX. The firm participated in a $420 million funding round of FTX last year. After it invested…

Brazil passes law to legalize crypto as a payment method

cointelegraph.com While Brazil has not made Bitcoin (BTC) legal tender as El Salvador did last year, the South-American nation has passed a law that legalizes crypto payments throughout the…

Exclusive: At least $1 billion of client funds missing at failed crypto firm FTX

reuters.com Summary - Companies - FTX founder Bankman-Fried secretly moved $10 billion in funds to trading firm Alameda - sources - Bankman-Fried showed spreadsheets to colleagues that…

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