Ontario Teachers said its FTX investmetnt represented less than 0.05% of its total net assets 1 min read Updated: November 18, 2022 at 4:33 pm Cover art/illustration via CryptoSlate Canada’s largest pension fund Ontario Teachers said it would write off its $95 million in bankrupt crypto exchange FTX, according to a Nov. 17 press statement. …
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CryptoSlate caught up with Ray Youssef, the co-founder and CEO of the peer-to-peer trading platform Paxful, during Bitcoin Amsterdam. He said the mental strength and hustle of Nigerians, combined with the introduction of Bitcoin rails in the country, is making a real difference in breaking “economic apartheid.” The issue of business billing Giving his background …
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KPMG, one of the “big four” companies in the consulting and auditing business, is appointing a new head of metaverse futures. The new position, to be occupied by Alyse Sue, will be dedicated to the implementation of technologies such as metaverse and crypto to find fresh business models for the company, as other big four …
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After the collapse of FTX, a number of journalists reported on the fact that FTX executives deployed significant donations to political leaders in the United States. During the most recent election cycle leading up to the U.S. midterms in 2022, reports claim that Sam Bankman-Fried donated more than $40 million to Democrats via super PACs …
Despite the recent collapse and the exchange filing for bankruptcy protection, crypto traders are still paying more than a U.S. dollar for FTX’s FTT token on Friday, Nov. 18, 2022. FTT was once a top-30 crypto asset, and now the token has no rank on specific coin market aggregation sites due to locked FTT tokens …
press release PRESS RELEASE. As if the cryptoverse needed more reasons for people to be fearful, both FTX and BlockFi rocked cryptocurrency blockchains and investors alike, sending prices spiraling, blockchains congesting, and investors hunkering down for more ‘crypto-winter’. But amidst this uncertainty, crypto investors now risk missing out on opportunities while becoming stuck in fear, …
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A widely followed crypto analyst is warning that a Bitcoin (BTC) dump would likely cause the price crash of Polygon (MATIC), Binance Coin (BNB) and Cosmos (ATOM). The pseudonymous analyst Altcoin Sherpa tells his 187,300 Twitter followers that he thinks Bitcoin is due for another dump to the price range of $10,000 to $14,000, potentially …
El Salvador President Nayib Bukele is still buying Bitcoin (BTC) despite ta crypto winter that’s seen the king crypto plunge by over 75% from all-time highs. On Twitter, Bukele recently made the announcement that his country will begin purchasing one BTC every day. “We are buying one Bitcoin every day starting tomorrow.” Following the announcement, …
Crypto analytics firm Nansen is turning to on-chain data to take a deeper look at the relationship between embattled crypto exchange FTX and its affiliated trading firm Alameda Research. In a new report, Nansen says it conducted a blockchain analysis of Sam Bankman-Fried’s two companies amid allegations that FTX was started to raise funds for …
A widely followed crypto trader says the FTX collapse has spurred astonishing amounts of fear, uncertainty, and doubt (FUD). Before mapping out his plans for top altcoins XRP, Chainlink (LINK), and one token that’s experiencing tremendous growth, crypto analyst Michaël van de Poppe comments on the current crypto mood. “Definitely understandable that people are feared and that …
Nickel Digital Asset Management is not the only company feeling the effects of FTX’s collapse and bankruptcy. NFT protocol Metaplex also laid off “several members of the Metaplex Studios team” due to the “indirect impact” from the collapse of crypto exchange FTX. The co-founder and CEO of Metaplex Studios, Stephen Hess, shared in a thread …
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2022 was a tough year for crypto, and November was especially hard on investors and traders alike. While it was incredibly painful for many, FTX’s blowup and the ensuing contagion that threatens to pull other centralized crypto exchanges down with it could be positive over the long run. Allow me to explain. What people learned, …
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Calls for harsher regulations around cryptocurrencies and digital assets will likely grow louder in the aftermath of FTX’s collapse — something former United States presidential candidate Andrew Yang said isn’t conducive to making America a hotbed for blockchain innovation. Speaking at the Texas Blockchain Summit in Austin on Nov. 18, Yang acknowledged that the bankruptcy …
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Bitcoin (BTC) price has tested the $16,000 resistance multiple times since the 25% crash that occurred between Nov. 7 and Nov. 9, and some critics will justify their bearish bias by incorrectly assuming that the failure of FTX exchange should trigger a much broader correction. It’s kind of annoying me that Bitcoin is still selling …
Summary: Ontario Teachers’ will write off a $95 million investment in troubled crypto exchange FTX. The pension fund announced the decision as Sam Bankman-Fried’s companies filed for bankruptcy in Delaware and New York. Another firm wrote off $150 million stranded on Celsius after the crypto lender collapsed in June. Ontario Teachers’ does not plan to …
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