Tags : Collapse


Cryptocurrency

Feds, Senators Scrutinize Silvergate Financial institution Function in FTX Collapse

Crypto-friendly financial institution Silvergate is coming beneath elevated scrutiny because the U.S. Division of Justice reportedly investigates the financial institution’s function within the collapse of the FTX cryptocurrency trade. The Division of Justice’s fraud unit is trying into California-based Silvergate Financial institution’s internet hosting of accounts tied to FTX and Alameda Analysis, Bloomberg reported, citing […]Read More

Blockchain

Australian Regulators Flagged FTX Considerations Months Earlier than Collapse: Report

FTX had already set off alarm bells with Australia’s monetary regulator a number of months earlier than the crypto trade’s catastrophic collapse, in accordance with a report. The Australian Securities and Investments Fee (ASIC) first started wanting into the corporate’s native operations in March 2022, in accordance with paperwork revealed via a freedom of knowledge […]Read More

Bitcoin

Bitcoin now at its pre-FTX collapse degree

At press time, bitcoin (BTC) was buying and selling at $21,507.97. Bitcoin value has surpassed the place it stood on November 5 simply previous to the FTX collapse. It now stands at its highest value since mid-September final yr. 2022 was undoubtedly not an excellent yr for crypto and particularly for bitcoin (BTC) which was […]Read More

Bitcoin

Bitcoin Value Touches $20,000 For First Time Put up-FTX Collapse

Tony Spilotro I am Tony Spilotro. Behind the pseudonym, I am a worldwide distant work chief with a decade of award-winning content material expertise and excellence. Right here, I discover my newfound passions pertaining to privateness, finance, economics, politics, cryptography, property rights, and different libertarian-esque views. I’m a Bitcoin evangelist, maximalist, and educator every time […]Read More

Regulation

The large lesson with FTX’s collapse is onshore vs. offshore,

Bob Diamond believes that cryptocurrency is a really broad time period. The previous Barclays CEO mentioned the massive lesson with FTX’s collapse is onshore vs. offshore. His agency Atlas Service provider Capital is an lively investor within the stablecoin issuer Circle. Crypto is a broad time period and has numerous use circumstances Bob Diamond, Atlas […]Read More

Blockchain

Blockchain did not fail, says Pantera’s CEO on FTX collapse

Pantera Capital’s CEO says FTX’s collapse was not brought on by blockchain failure. In a letter to buyers, Dan Morehead mentioned there’s a want for trustless methods within the ecosystem. Enterprise within the blockchain house is shifting again to secure entities, Morehead added. Blockchain shouldn’t be blamed for FTX’s collapse Cryptocurrency trade FTX collapsed in November […]Read More

Regulation

Binance Intentionally Brought on FTX Collapse: Kevin O’Leary

Canadian entrepreneur and “Shark Tank” star Kevin O’Leary immediately slammed crypto change Binance—and claimed it prompted the collapse of FTX on goal.  Talking on the Senate Committee on Banking, Housing and City Affairs listening to, the superstar businessman additionally mentioned Binance is a “huge, unregulated monopoly now.” FTX, as soon as one of many largest […]Read More

Regulation

‘Grossly Inexperienced and Unsophisticated’ Management Triggered FTX Collapse, Says New

The brand new CEO of failed crypto alternate FTX, John J. Ray III, has stated that the corporate’s collapse was brought on by “a really small group of grossly inexperienced and unsophisticated people.” In remarks ready forward of a Home Monetary Companies Committee listening to tomorrow, the person accountable for restructuring the fallen firm’s funds […]Read More