The biggest news in the cryptoverse for Nov. 21 includes FTX’s call to other exchanges to expect and prevent hacker cash outs, Coinbase disclosing Grayscale’s 635,000 Bitcoin reserve, and Bank of England’s claims that blame the FTX crash on the FTT token run. CryptoSlate Top Stories FTX forewarns exchanges to freeze stolen funds to prevent …
Monthly archives: November 2022
Cardano’s Hoskinson calls for stronger governance as FTX failure proves humans are ‘bad at being honest’
Input Output (IO) CEO Charles Hoskinson argued that cryptocurrency needs strong governance to avoid repeating what happened at the defunct FTX exchange. Delivering the keynote speech at IO ScotFest, Hoskinson spoke at length on Cardano’s governance phase, Voltaire. Using the failings at FTX for context, he said: “Crypto didn’t fail. No cryptocurrencies went down. No …
Research: Genesis received over $1B worth of FTT from Alameda, FTX in last 3 months
Arkham intelligence dashboard shows that Genesis has been processing millions in stablecoin redemptions over the past few days. 2 min read Updated: November 21, 2022 at 8:36 pm Cover art/illustration via CryptoSlate An analysis of the Arkham Intelligence dashboard CryptoSlate Research shows that popular crypto lender Genesis received billions in FTT tokens from bankrupt crypto …
Asia has a growing crypto developer community w/ BUIDL Asia, APAC DAO – SlateCast #33
KryptoSeoul founder Erica Kang and APAC DAO co-founder Nicole Nguyen joined CryptoSlate’s Akiba to talk about the potential in the Asian markets and their joint event BUIDL Asia. BUIDL Vietnam Korean-based KryptoSeoul is a group of crypto enthusiasts who came together to create an ecosystem, foster growth and support global blockchain projects. In addition, the …
FTX Exploiter ups the ante with 200K ETH move
FTX Exploiter began moving ETH again as 195,000 ETH leaves the hackers’ main wallet with 15,000 of the total bridged to renBTC. 2 min read Updated: November 21, 2022 at 6:16 pm Cover art/illustration via CryptoSlate Following on from the movement of 50,000 Ethereum (ETH) on Nov. 20, the FTX Exploiter wallet has moved a …
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Bankrupt Crypto Exchange FTX Exploring Sales of Subsidiaries, CEO Reveals
Bankrupt cryptocurrency exchange FTX is exploring sales, recapitalizations, and other strategic transactions with respect to its solvent subsidiaries. The firm’s new CEO has instructed the FTX team “to prioritize the preservation of franchise value as best we can in these difficult circumstances.” New FTX CEO Outlines Priorities Cryptocurrency exchange FTX and approximately 101 affiliated companies …
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Crypto Economy’s Market Cap Slides Below $800 Billion for the First Time Since December 2020
The global cryptocurrency market capitalization has dropped below the $800 billion region for the first time in 691 days or since December 30, 2020. Bitcoin has dipped below the $16K region dropping 5.12% over the past 24 hours, and the second leading crypto asset ethereum shed 7.61% on Monday, dropping below the $1,100 range. Crypto …
Chinese Platforms to Test Metaverse Tech During Qatar World Cup 2022 Broadcasts
Several Chinese platforms are introducing metaverse tech in their coverage of Qatar’s 2022 soccer World Cup. The experiences, which will use virtual reality (VR) headsets and 5G as base tech, will allow the users to enjoy a metaverse-like view of the event, and will also give Chinese companies a chance to hone their implementations of …
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The story of how Caroline Ellison became involved in FTX’s collapse
Early in November, Alameda Research employees connected to a video chat to learn what would become of the trading company, which was on the verge […] Go to Source
Ripple Announces ‘Record Growth’ of Successful ODL Technology Amid XRP Lawsuit
Money transfer network Ripple says that its crypto-based settlement solution, On-Demand Liquidity (ODL), is seeing rapid growth in 2022. Ripple’s ODL solution uses the XRP to enable faster and cheaper cross-border payments without the need for pre-funded destination accounts In a new statement, the San Francisco-based firm says that the ODL technology is now supported …
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Banking Giant JPMorgan Files Trademark for New Crypto Wallet With Ability to Exchange and Transfer Virtual Currencies
Financial services industry titan JPMorgan has filed a trademark for a new digital assets wallet. In a recent filing with the United States Trademark and Patents Office (USTPO), JPMorgan filed a trademark for a product called J.P. Morgan Wallet. According to the required trademark statement of use document, the J.P. Morgan Wallet’s identified purpose is to facilitate …
Wolf of Wall Street Jordan Belfort Says Sam Bankman-Fried Used FTX As ‘Personal Piggy Bank’
Jordan Belfort, otherwise known as the original Wolf of Wall Street, is giving his view on what he thinks happened behind closed doors at the bankrupt crypto exchange FTX. In a new Fox Business interview, Belfort says it’s a misconception that FTX is a crypto exchange. “It’s not an exchange. It’s like a brokerage firm …
FTX Exploring Sale or Recapitalization of Healthy Subsidiaries, According to New CEO
The new CEO of bankrupt crypto exchange FTX says the firm is looking at the prospect of selling and recapitalizing some of its subsidiaries in the coming weeks. In a new statement, John J. Ray, who replaced Sam Bankman-Fried, says that a review of the firm’s affiliated companies shows that some of FTX’s subsidiaries are …
US Senate committee schedules FTX hearing for Dec. 1, CFTC head to testify
The United States Senate Agriculture Committee has announced that Commodity Futures Trading Commission, or CFTC, chair Rostin Behnam will be one of the witnesses in a hearing exploring the collapse of crypto exchange FTX. According to the Senate Agriculture Committee website, on Dec. 1 the full committee will listen to testimony from Behnam and presumably …
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Lido fundamentals shine even as the wider crypto market struggles to regain traction
The crypto market has witnessed a turbulent few weeks after the FTX collapse but Lido Finance, a liquid staking protocol, has been a bright spot amidst the chaos. According to Data from DeFiLlama, Lido protocol has earned $1 million or more in fees daily since October 26. Lido fees and revenue over time. Lido has …