Skybridge Capital CEO Anthony Scaramucci says he expects other crypto exchange leaders will step up to fill the void left by the collapse of FTX. In a new interview at the Bloomberg New Economy Forum in Singapore, Scaramucci says that while FTX founder Sam Bankman-Fried was once driving the conversation on potential crypto regulation, other …
Monthly archives: November 2022
FTX bankruptcy freezes millions worth of crypto company funds
The collapse of the cryptocurrency exchange FTX continues to have knock-on effects throughout the crypto industry with multiple crypto-focused companies reporting significant amounts of their capital stuck on FTX. Between Nov. 11 to 14 three crypto companies announced large losses with one of them having to lay off workers to deal with the crisis. On …
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Will SBF face consequences for mismanaging FTX? Don’t count on it
Will former FTX CEO Sam Bankman-Fried be held accountable for his mismanagement of investor funds? After most of the entities tied to his cryptocurrency exchange became insolvent last week, blockchain analysts concluded the insolvencies came as a partial result of the exchange’s trading house, Alameda Research, burning through nearly $10 billion in cash that technically …
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SBF winds down mystifying Twitter thread that said little over many hours
Sam Bankman-Fried, the former CEO of bankrupt cryptocurrency exchange FTX, has concluded a Twitter thread he started Nov. 14. In approximately 40 hours, he spelled out “What HAPPENED” across nine tweets and then concluded with five tweets of text. The unusual Twitter storm attracted extensive attention. The first tweet (“What”), for example, was retweeted nearly …
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California AG issues warning-ladened guidance for public interested in buying crypto
With the cryptocurrency market becoming ever more complex and intimidating, California Attorney General Rob Bonta had decided to issue guidance for novice crypto buyers. The California Office of the Attorney General’s website now features a page that will help those new to crypto “avoid the hype, [and] get the facts.” “Don’t fall for a fantasy …
Yellen Says FTX Collapse Shows Weaknesses of Entire Crypto Sector — Fed’s Brainard Pushes for Strong Regulation
U.S. Treasury Secretary Janet Yellen and Federal Reserve Vice Chair Lael Brainard have stressed the need for strong crypto regulation. Yellen said the FTX collapse shows “the weaknesses” of the entire crypto sector while Brainard cautioned that failures from one platform are “spilling over into elsewhere.” Yellen: Crypto Needs ‘Very Careful Regulation’ U.S. Treasury Secretary …
SBF Is Sleeping Better, Playing Video Games — New York Times Sam Bankman-Fried Interview Dunked on for Going Soft on FTX Co-Founder
On Nov. 14, the New York Times (NYT) published a massive 2,200-word expose and interview with the former CEO of FTX, Sam Bankman-Fried (SBF), and the article was criticized a great deal after it was published. The article noted that SBF would only offer “limited details about the central questions swirling around him,” and most …
Elliptic Analysis Says $477 Million Stolen From FTX, ‘Accounts Drainer’ Becomes 35th Largest ETH Holder
Three days ago, on Nov. 11, 2022, it was reported that FTX’s wallets saw unusual activities and FTX Telegram channel admins stressed that FTX was “hacked.” The same day, the new FTX CEO John Ray confirmed there were “unauthorized transactions.” A report by the blockchain intelligence firm Elliptic explains that out of “more than $663 …
The Grand WAHED PitchFest – Pitch Your Idea and Win 25,000 USDT
press release PRESS RELEASE. WAHED is delighted to announce the Grand WAHED Pitchfest, an opportunity for entrepreneurs and innovators to secure funding for their next world-changing idea. Founders are invited to present their ideas to the WAHED Team, and the most innovative idea stands to win 25,000 USDT in a funding grant. With the cryptocurrency …
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2 More Crypto Platforms Pause Withdrawals as Liquid Global and Salt Lending Cite Exposure to FTX
On Nov. 15, 2022, the crypto exchange Liquid Global revealed that it has suspended fiat and crypto withdrawals “until further notice.” The same day, customers leveraging the crypto lending platform Salt were also informed that Salt has paused withdrawals and deposits. Furthermore, the crypto lender Blockfi is reportedly in the process of filing for Chapter …
Next Level Blockchain Ecosystem IllumiShare SRG Set to Launch Token Presale
press release PRESS RELEASE. In a move that will excite crypto enthusiasts, IllumiShare SRG has announced its token presale launch, which will hold on the 23rd of November after an unveiling party in Dubai on November 22nd. His highness Sheikh Mohamed Bin Ahmed Bin Hamdan Al Nahyan from the Abu Dhabi Royal Family – An …
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Bahamas Regulator Appoints ‘Big Four’ Auditor PWC as Joint Provisional FTX Liquidator
On Nov. 14, 2022, the Securities Commission of the Bahamas (SCB) published a press release that explains the ‘Big Four’ accounting firm PWC (Pricewaterhousecoopers) has been designated as provisional liquidator in the FTX investigation. The SCB detailed that “given the magnitude” of the events surrounding FTX, the Bahamas regulator recognized that it had to “move …
Why Bitcoin may have reached its bottom
The 2022 crypto bear market has been extremely difficult for crypto investors. But, if you’re not too late, bear markets can lead to fantastic buying […] Go to Source
FTX Token Price Prediction for Today, November 15: FTT/USD Stays Below $2.5 Level
The FTX Token price prediction couldn’t move towards the upper boundary of the channel as the coin could settle in consolidation. FTX Token Prediction Statistics […] Go to Source
Tamadoge Price Prediction for 15th of November: TAMA Is Recovering
Tamadoge bulls were defeated in the previous daily session. As they succumb to pressures from the sellers, they lose grip on the price. The bearish run […] Go to Source