Investors are gravitating toward hardware crypto wallets more and more as worries about centralized cryptocurrency exchanges grow in the aftermath of the FTX debacle. Sales Rising Each Week According to Josef Tetek, the company’s brand ambassador, Trezor, a leading hardware…
Crypto.com CEO Explains Why They Won’t Go Bankrupt As Insolvency Rumors Intensify
On November 14, Crypto.com CEO Kris Marszalek hosted an AMA to address worries about pressures resulting from market-wide insolvency. According to him, the platform is still functioning normally, albeit at a heightened level, given the state of the market. Is…
US Congressman Feels Vindicated In Historical Anti-crypto Stance, Claims FTX Paid to Deter Legislation
In a statement following the FTX fall, anti-crypto Congressman Brad Sherman said that FTX had supported Democrats in their efforts to influence crypto rules and that he was right to call for the SEC to take action against unregistered exchanges…
Binance to Bailout Strong but Struggling Crypto Projects With Launch Of “Recovery Fund”
Changpeng “CZ” Zhao, the CEO of Binance, announced on November 14 that the exchange would establish an industry recovery fund to aid solid enterprises facing a liquidity problem. CZ made the remarks in light of the current bear market liquidity…
FTX Collapse Triggers Massive Run On Exchanges Pushing Bitcoin to Self-Custody Wallets
According to data reviewed by CryptoSlate, after the FTX collapse, investors are shifting significant quantities of Bitcoin (BTC) to their self-custody wallets and leaving Ethereum (ETH) to invest in stablecoins. BTC Rushes to Self Custody The amount of very liquid,…
FTX Assets Frozen By Bahamas Regulator As The Crypto Exchange’s Woes Continue
As Sam Bankman-Fried raced to raise as much as $8 billion to save FTX, the Bahamas securities regulator froze the assets of a portion of his crypto empire and moved to appoint a liquidator for one of his firms. Bahamas…
SEC Chairman Calls For Investor Protection Amid FTX Debacle, As Skepticism Rises
Gary Gensler, the chairman of the SEC, spoke about the current market crisis brought on by the FTX disaster in an interview with CNBC’s Squawk Box. Gensler, who has been promoting more regulation and pursuing several crypto businesses for fraud…
FTX Seeks $9.4B Bailout As Tron Explodes With News Of A Potential Takeover
Despite being criticized heavily by Kraken CEO Jesse Powell, FTX’s Sam Bankman-Fried has reached out to Kraken for a possible bailout. This is after a collapse in talks that FTX was having with Binance about a possible takeover. The most…
Kraken’s Jesse Powell Says FTX Crash Could Set Industry Back 3 Years
Jesse Powell, the founder and chairman of the cryptocurrency exchange Kraken, reacted to the FTX crash on Twitter and suggested that the crypto community needed to stop being so trusting and strengthen its standards. In a 14-Tweet thread, Powell appeals…
Binance Pulls Out Of FTX Deal, Leaving Exchange On the Precipice, and Investors Gutted
Sam Bankman-Fried’s crypto empire is in danger of collapsing as a result of Binance’s decision to abandon its acquisition of FTX, the business announced on Wednesday. The decision to reverse course was made just one day after Binance CEO Changpeng…