CryptoX – Cryptocurrency Analysis and News Portal The Twitter thread stresses SBF’s resignation from the exchange and affiliated companies. Source The post Sam Bankman-Fried's Frequent Commenting Draws Icy Response From FTX's Restructuring Chief appeared first on CryptoX. CryptoX Portal
The packs “democratiz[e] the ability to own a part of the Fifa World Cup,” said FIFA Chief Business Officer Romy Gai in a statement. “Just like sports memorabilia and stickers, this is an accessible opportunity for fans around the world to engage with their favorite players, moments and more on new platforms,” he added. Source
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Tether issued a short statement Nov. 16 saying that it has no exposure to institutional crypto lender Genesis Global or the Gemini Earn program after the announcement that Genesis Global and the Gemini exchange were freezing withdrawals. Genesis Global is the lending partner for interest-bearing Gemini Earn. Eager to differentiate itself from contagion-stricken crypto organizations, Tether said: “It is important at a time like this to highlight that these [Tether’s] reserves have proved tried and true demonstrating consistent resilience during the black swan events that have characterized the market this…
Simms has asked the court for provisional relief including the recognition of Bahamian bankruptcy and liquidation proceedings, and orders entrusting FTX’s assets located in the U.S. to Bahamian liquidators, authorizing “urgent discovery measures,” and preventing any of FTX’s assets to be “transfer[ed], encumber[ed] or otherwise dispose[d] of.” Source
Months after the collapse of Terra’s U.S. dollar-pegged token UST, the organization created to protect the once-stable coin, the Luna Foundation Guard (LFG), published an audit report audited by the New York-based consultancy company JS Held. According to the report, LFG claims to have spent 80,081 bitcoin and 49.8 million stablecoins, which add up to roughly $2.8 billion to defend UST’s peg. LFG Audit by JS Held Claims Group Defended UST Peg With $2.8 Billion in Crypto Assets On Nov. 16, 2022, months after the mid-May Terra stablecoin depegging event,…
Former FTX CEO Sam “SBF” Bankman-Fried and a number of celebrities who endorsed FTX have been named in a class-action lawsuit filed on Nov. 15 in Miami. Implicated in the class-action lawsuit are celebrities, athletes and teams, including Tom Brady, Gisele Bundchen, Steph Curry, the Golden State Warriors, Shaquille O’Neal, Udonis Haslem, Larry David and all other parties who either “controlled, promoted, assisted in, and actively participated in” FTX Trading LTD and West Realm Shires Services Inc. According to the filed court documents, Edwin Garrison, the plaintiff, purchased and funded…
Former FTX CEO Sam Bankman-Fried said he was “wrong” in his estimates of the crypto exchange’s leverage prior to its collapse, claiming it wasn’t $5 billion but closer to $13 billion. In a Nov. 16 Twitter thread, Bankman-Fried said leverage at FTX built up to roughly $5 billion, backed by $20 billion in assets, which held value but also the potential for risk. According to the former CEO, the crypto market crash “with no bid side liquidity” alongside a bank run resulted in roughly $4 billion being withdrawn daily —…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Jaran har vært med på skrive rapporten med tittel: “Hvordan Bitcoin-mining kan transformere energiindustrien”, sammen med Arcane. Han er en av verdens fremste eksperter på Bitcoin-mining og er svært populær på Twitter. I denne episoden snakker vi om Bitcoin-mining i et miljø- og energiperspektiv. I studio sitter Jens Emil, Håvard og Jaran. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
The U.S. House Financial Services Committee is planning to investigate the FTX collapse, according to a joint press release published by the committee’s chair Maxine Waters and representative Patrick McHenry. Furthermore, a congressional hearing is scheduled to take place in December, according to the joint statement. Bipartisan Congressional Hearing to Be Held in December Over the FTX Fallout On Wednesday, Nov. 16, 2022, congresswoman Maxine Waters (D-CA) and representative Patrick McHenry (R-N.C.), published a joint statement that says a bipartisan hearing has been announced that will investigate the “collapse of…