Institutional Crypto Lender Genesis Trading Halts Withdrawals, Citing 3AC and FTX Collapse
An institutional crypto brokerage is halting customer withdrawals, citing the downfalls of Three Arrows Capital (3AC) and FTX. In a...
Month: November 2022
CFTC Chair Calls for International Coordination Between Regulators for Crypto Industry
The head of the U.S. Commodity Futures Trading Commission (CFTC) says financial regulators around the world should coordinate to effectively...
FTX’s new CEO John Ray coldly addresses SBF’s erratic tweets
The new CEO and chief restructuring officer for the bankrupt FTX cryptocurrency exchange, John Ray, has icily responded to the...
FTX just imploded, and Jack Dorsey wants to talk about the next stage for crypto?
It's barely been a decade since the launch of Web3, and some are already talking about the next generation of...
Tether says it has no exposure to Genesis Global or Gemini Earn
Tether issued a short statement on Nov. 16 saying that it has no exposure to institutional crypto lender Genesis Global...
CryptoSlate Wrapped Daily: SBF faces investor lawsuit in the US as Australia suspends FTX operations; LFG spent $2.8B on UST peg defense
The biggest news in the cryptoverse for Nov. 16 includes Gemini halting withdrawals on its Earn program, Coinbase saying it...
Coinbase says it has no exposure to Genesis, touts ‘strong capital position’
In light of recent events, Coinbase tweeted to clarify its strong capital position. 2 min readUpdated: November 16, 2022 at...
FTX collapse: 3AC co-founder Kyle Davies says ‘we’re looking forward to justice’
Speaking to CNBC about the FTX collapse, Three Arrow Capital co-founder Kyle Davies slighted the bankrupt exchange by saying: “In...
Silvergate records reveal $425M in transfers to South American money launderers
Decentralized stablecoins are pitched as crypto’s holy grail, so where are they? Due to Bitcoin's price volatility issues, stablecoins have...
Gemini down due to Amazon Web Services EBS outage; exchange working on restoring functions
Decentralized stablecoins are pitched as crypto’s holy grail, so where are they? Due to Bitcoin's price volatility issues, stablecoins have...
Bitfarms sold more Bitcoin than it mined in Q3
Bitcoin mining firm Bitfarms’ third-quarter report shows that the miner sold more BTC than it made in the quarter -the...
US financial committee to hold hearing on FTX collapse in December
The Committee wants to hear from Sam Bankman-Fried, Binance and other related entities in the FTX's collapse. 1 min readUpdated:...
SEC Enforcement Remains Focused on Crypto — Chair Gensler Says He’s ‘Impressed’ With Enforcement Results
The U.S. Securities and Exchange Commission (SEC) says its Enforcement Division “remains focused on the rapidly evolving crypto asset securities...
Terra’s $2.8B Defense System — Luna Foundation Guard Audit Says Group Spent More Than 80,000 Bitcoin Defending UST Peg
Months after the collapse of Terra’s U.S. dollar-pegged token UST, the organization created to protect the once-stable coin, the Luna...
US House Committee to Investigate and Hold Bipartisan Hearing on FTX Collapse
The U.S. House Financial Services Committee is planning to investigate the FTX collapse, according to a joint press release published...
