FTX ex-exec floats ‘cool token’ idea amid warning rebound may take years

Bitcoin (BTC) and cryptocurrency may “take years to recover” from the FTX scandal, one industry analyst warns. In a Twitter thread on Nov. 11, Filbfilb, co-founder of trading suite DecenTrader, said that the Terra debacle was itself still playing out. Filbfilb: “I’ve never seen such a debacle” The crypto industry is experiencing “a clear case of what goes up must come down,” Filbfilb summarized. As the fallout from FTX and Alameda Research only begins to become apparent, many industry businesses and associated tokens have been left reduced to a shadow of…

Los exchanges regionales de FTX lentamente vuelven a permitir los retiros

Estas sucursales regionales de FTX son totalmente propiedad de la empresa responsable en Antigua, FTX Trading Ltd., y otorgan licencias de la tecnología de FTX a cambio de regalías que se envían a la casa matriz en Antigua. Los exchanges regionales cumplen con las regulaciones locales de valores valores y, a su vez, ofrecen una selección limitada de tokens (similar a las sucursales regionales de Binance). Dado que cumplen con todas las regulaciones, tienen acceso a los sistemas locales de pago, lo que significa que los traders no tienen que…

FTX Showed the Problems of Centralized Finance, and Proved the Need for DeFi

Despite sell-offs, Uniswap, Balancer, Curv, and other decentralized exchanges (DEXs) and decentralized finance (DeFi) platforms have been functioning smoothly, enabling users to exit their crypto positions or, if they prefer, to capitalize on low prices and buy in. Users may have seen their portfolios decrease in dollar value, but they never lost access to their assets. If that isn’t consumer protection, I don’t know what is. Source

‘Hang in there’ — Crypto Twitter encourages Solana community amid FTX onslaught

With Solana (SOL) being heavily affected by the FTX debacle, Crypto Twitter expressed sympathy and hopes that its community can make a comeback.  Being one of many coins that FTX CEO Sam Bankman-Fried (SBF) supported, SOL has been hit heavily amid the FTX collapse. On Nov. 10, the total value locked on the Solana chain has fallen by 32.4%. The SOL token lost almost half of its value, dropping in value from $38 on Nov. 5 to $17 at the time of writing. Because of the devastating things happening to…

Bahamas Regulator Freezes FTX Assets — Supreme Court Appoints Provisional Liquidator – Regulation Bitcoin News

The Bahamas Securities Commission has frozen the assets of FTX Digital Markets and related parties. The financial regulator said the prudent course of action is to put the crypto firm “into provisional liquidation to preserve assets and stabilize the company.” Bahamas Securities Regulator Takes Action Against FTX The Securities Commission of the Bahamas announced Thursday that it has taken action to “freeze assets of FTX Digital Markets and related parties.” FTX Digital Markets is the Bahamian subsidiary of Sam Bankman-Fried’s FTX Trading Ltd., which owns and operates crypto trading platform…