Tag: FTX

DeSci the Future of Crypto after the FTX Fiasco? – Sponsored Bitcoin News

boss

sponsored It’s no surprise that the news about FTX has dominated the headlines over recent weeks. Since the debacle was made public, several other dominoes have started to fall including the announcement that BlockFi has filed for bankruptcy. Before all of this there was the LUNA/Terra implosion, and if you’ve been around long enough you’ll remember of course Mt. Gox and BitConnect. There are many reasons why FTX fell from its crypto pedestal. To start, a persistent lack of transparency in order to obscure what at best can be described…

Security in crypto comes from liquidity or the lessons we learned after FTX

boss

The FTX bankruptcy has sent the crypto space into a downward spiral, and the crypto space is still buzzing to get all the details that led to this situation. Numerous reports have popped up, and the bankruptcy hearings bring new information daily. Considering the extent of FTX’s involvement in the global crypto space now is the time to take a hard look at what happened and draw some valuable lessons. One thing is very clear from the start – what brought the exchange giant down was overallocation in low-liquidity tokens,…

Institutional investors still eye crypto despite the FTX collapse

boss

The negative effects caused by the FTX debacle have put the crypto space in an unfavorable light. However, institutional investors continued to show interest in the industry even at the height of the FTX controversy.  According to crypto exchange Bitstamp, compared to their data in October, institutional registrations within its digital asset trading platform is up by 57% in November, when the topic of the FTX collapse frequented news headlines. The exchange also told Cointelegraph that its total revenue is up by 45% in the same period, with revenue coming…

DeFi Project Mercurial Plots Revamp and New Tokens Following ‘Toxic’ Association With FTX

“In summary, the only liquid tokens in the market came from Alameda Market Making (3%), IEO/IDO participants (0.3%), private investors (1.6%) and the liquidity mining rewards for our stable pools,” the team stated. This created constant sell-side liquidity for MER tokens on the open market, which is now deemed detrimental given the troubles at Alameda and FTX. Source AssociationDeFiFTXMercurialPlotsProjectRevampTokensToxic CryptoX Portal

Kevin O’Leary Backs SBF’s Claims of Innocence, Calls for FTX to Be Audited

O’Leary says no one should be accused yet until pieces of evidence reveal the real truth about FTX. Popular “Shark Tank” host and chairman of O’Shares Investments Kevin O’Leary appears to be drumming support for FTX exchange’s former CEO Sam Bankman-Fried (SBF). This follows after he made commentaries on Tuesday, that bordered on SBF and several allegations that have surfaced against him since the crash of FTX. Speaking during the interview with Yahoo Finance, O’Leary insists that SBF should be seen as innocent until proven guilty. Meanwhile, O’Leary’s comments come…

Binance Counters ‘Wrong Narratives’ About FTX — CZ Calls SBF ‘One of the Greatest Fraudsters in History’ – Featured Bitcoin News

boss

The CEO of crypto exchange Binance, Changpeng Zhao (CZ), has countered several “wrong narratives” about the collapsed crypto exchange FTX and its co-founder Sam Bankman-Fried (SBF). The Binance boss calls SBF “a master manipulator” and “one of the greatest fraudsters in history.” Binance’s CEO on ‘Wrong Narratives’ About FTX and Sam Bankman-Fried The CEO of crypto exchange Binance, Changpeng Zhao (CZ), took to Twitter Tuesday to address what he called “wrong narratives” that he has seen recently about the collapsed crypto exchange FTX and its co-founder Sam Bankman-Fried (SBF). The…

FTX Co-Founder SBF Retains White-Collar Lawyer Who Represented Ghislaine Maxwell – Bitcoin News

boss

On Dec. 6, 2022, the former FTX CEO Sam Bankman-Fried (SBF) reportedly retained the attorney Mark Cohen, the lawyer that represented Ghislaine Maxwell during her recent sex trafficking case. SBF’s spokesperson further explained that the FTX co-founder is being consulted by a professor at Stanford Law School, David Mills. Sam Bankman-Fried Hires Attorney Who Represented Ghislaine Maxwell The disgraced former CEO of FTX, Sam Bankman-Fried (SBF) is reportedly being represented by Mark Cohen from the litigation firm Cohen & Gresser. Cohen is the well-known attorney that represented Ghislaine Maxwell during…

Lawmaker Pleads With Sam Bankman-Fried to Attend Congress Hearing on FTX — SBF Says He’ll Testify When He’s Ready – Regulation Bitcoin News

boss

Congresswoman Maxine Waters, chair of the House Committee on Financial Services, has politely asked former FTX CEO Sam Bankman-Fried (SBF) to attend a congressional hearing on the collapse of his cryptocurrency exchange. Bankman-Fried says he will testify when he has finished “learning and reviewing what happened.” Bankman-Fried Responds to Rep. Waters’ Invitation The U.S. House Committee on Financial Services will hold a congressional hearing on the collapse of crypto exchange FTX on Dec. 13. Congresswoman Maxine Waters (D-CA), the committee’s chair, has been trying to get former FTX CEO Sam…