Recently CZ was interviewed by Susan from Fox Business and he was asked about his ties with China and the Chinese government. CZ confirmed that “I am a Canadian citizen for 33 years and I have no ties with the…
Sam Bankman from FTX counterfeited billions in tokens via securities fraud while WSJ gives foot massage to potential criminal (Twitter)
Past couple of weeks has been a roller coaster for the crypto world. FTX which was backed by some of the most well know folks at the wall street went down overnight because of a potential fraud which is under…
DeFi Platform InsurAce to Pay Out FTX Claims And Launches Crypto Deposit Insurance Scheme
Efforts continue to be made to restore investor trust in the crypto markets. DeFi insurance provider InsurAce is introducing the “Crypto Deposit Insurance Scheme,” a new crypto deposit insurance program (CDIS.) Reaction to Ailing CeFi Industry The product is being…
FTX-Owned Crypto Exchange Liquid Suspends Trading Due to Bankruptcy Proceedings
Liquid Global, a cryptocurrency exchange with headquarters in Japan that was formerly owned by the bankrupt exchange FTX, stopped all trading after being “instructed” to do so by the bankruptcy attorney’s office. Trading Stopped Indefinitely A tweet from Liquid Global’s…
Genesis Disputes “imminent” Intentions to Declare Bankruptcy.
Genesis, a cryptocurrency loan firm, has denied rumors that it is preparing to file for bankruptcy “imminently” if it is unable to meet a $1 billion shortfall brought on by the collapse of cryptocurrency exchange FTX. Company Couldn’t Raise Capital…
Billionaire TV Show Investor Vows to Retain Funds In Crypto Exchanges Despite FTX Crash
Cold storage, in Sharktank investor Kevin O’Leary’s opinion, is not an option for him or for businesses that had to maintain a particular percentage of industry exposure. The kind of liquidity they would require for the day-to-day functioning of their…
SBF’s Lawyers Terminate FTX Representation Citing Conflict Of Interest
Sam Bankman-Fried (SBF), the FTX CEO, no longer has legal representation from Paul Weiss, citing a conflict of interest. The choice to discontinue representation following SBF’s tweets was judged to obstruct the law firm’s reorganization efforts. SBF’s Cryptic Tweets Complicate…
Crypto Community Fears FTX Contagion May Harm Grayscale
Following the collapse of FTX and worries about market contagion, Grayscale Bitcoin Trust (GBTC) shares are trading at a record discount of 42.69% to the value of the underlying asset. 74 Percent Price Drop As of press time, GBTC shares…
Bahamian SEC Ordered FTX to Send Digital Assets to Its Wallet
On November 18, the Bahamas’ Securities Commission made public its directive to FTX to transfer digital assets under its management to the Commission’s wallet on November 12. The regulator stated that the directive was required to protect the interests of…
Tom Brady And Other Celebrities Face Class Action Lawsuit For “Promoting” FTX
A class action lawsuit has been brought by FTX investors against the platform’s founder and former CEO as well as a number of well-known figures who supported it. The class action, which was filed on Tuesday evening in Miami, asserts…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed to steal a staggering $125 million from Poloniex’s hot wallets in November. The audacious heist, which exploited vulnerabilities in the popular exchange’s security systems, showcased…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
