Summary: Bankruptcy documents filed unveiled loose corporate controls at Sam Bankman-Fried’s crypto exchange FTX. The filing also labeled SBF’s tweets as “disruptive” to proceedings. New CEO John Ray dubbed the lack of financial records as the worst he had seen so far in his 40-year career. New revelations regarding how former billionaire Sam Bankman-Fried led …
Yearly archives: 2022
CryptoSlate Daily wMarket Update – Nov. 16: Minor large cap sell-off sums up flat sentiment
Over the last 24 hours, the cryptocurrency market cap saw net outflows of $8.43 billion and currently stands at $828.16 billion as of press time — down 1% from $836.59 billion on Nov. 16. Bitcoin’s market cap fell 0.5% to $318.5 billion from $319.9 billion, while Ethereum’s market cap decreased by 1.6% to $146.8 billion …
Binance CEO CZ Calls SBF a ‘Psychopath,’ 3AC Co-Founder Accuses FTX, Alameda of Stop Hunting His Hedge Fund
During a conversation with Binance CEO Changpeng Zhao (CZ) and the Milken Institute, the exchange executive called the former FTX CEO Sam Bankman-Fried (SBF) a “psychopath” for one of the tweets SBF wrote last week. CZ’s statements further follow the accusations stemming from Three Arrows Capital (3AC) co-founder Kyle Davies. The 3AC co-founder claimed that …
Biggest Movers: XMR, LEO Move Towards 1-Week Highs on Thursday
Unus sed leo was a notable gainer on Thursday, as the token surged towards a one-week high. The move comes as crypto markets seem to have settled, a week on from the turbulence caused by the FTX collapse. Monero also rallied, climbing above the $130 level. Monero (XMR) Monero (XMR) was closing in on a …
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Sam Bankman-Fried, FTX, Alameda Were Accused of Conspiracy, Racketeering, and Market Manipulation 3 Years Before FTX Collapsed
Amid the latest bankruptcy case filed by FTX Trading Ltd., U.S. regulators want to crack down on crypto exchanges, and a class action lawsuit has been issued against former FTX CEO Sam Bankman-Fried (SBF) and 12 celebrities. However, this is not FTX’s and Alameda Research’s first rodeo with the U.S. court system and financial investigations. …
New FTX CEO Says Sam Bankman-Fried Does Not Speak on Firm’s Behalf, After SBF’s Candid Interview With Vox
Following the former FTX CEO Sam Bankman-Fried’s (SBF) interview with the New York Times and several direct text messages with Reuters, SBF recently did a much longer and more candid interview with Vox journalist Kelsey Piper. After the interview done via Twitter direct messages, the current FTX chief restructuring officer and CEO John Ray explained …
Bitcoin, Ethereum Technical Analysis: BTC, ETH Decline as USD Strengthens Following Retail Sales Data
Bitcoin was in the red for a second consecutive session, as markets continued to digest the latest U.S. retail sales figures. Sales rose by more than expected in October, coming in at 1.3%, versus expectations of a 1% increase. The result fueled market belief that the U.S Federal Reserve will now pivot its policy. Ethereum …
Russia and Cuba Eye Cryptocurrencies for Settlements Amid Sanctions
Both facing sanctions, Russia and Cuba are looking into alternative options for cross-border payments, including cryptocurrencies, a Kremlin advisor has unveiled in Havana. Moscow is already developing a mechanism for crypto settlements to circumvent financial restrictions imposed over its invasion of Ukraine. Crypto and Ruble Considered for Payments in Trade Between Russia and Cuba The …
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VeChain Price Prediction for Today, 17 November: VET on Strong Bearish Trend
Bears dominate VeChain market VeChain Price Analysis – 17 November When VET breaks down the support level of $0.018 level, it may decrease to $0.017, […] Go to Source
These Celebrities Are Being Sued After the FTX Collapse
Celebrities that promoted the now-bankrupt FTX cryptocurrency exchange are being sued as part of a class-action lawsuit accusing FTX and its promoters of using deceptive […] Go to Source
BTC Price Prediction – Are We Going Back to $16k Today?
Bitcoin has had a relatively challenging week. The crypto asset dropped below $16K amid the fallout from the FTX debacle. In the last 24 hours, […] Go to Source
XRP Holders File Amicus Brief in Support of Ripple, Say SEC Winning Lawsuit Would Harm Innocent Crypto Users
Half a dozen holders of the crypto asset XRP are weighing in on the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs. The six XRP holders say in an amicus brief that if the SEC is successful in its argument that the seventh-largest crypto asset by market cap is a …
Macro Guru Raoul Pal Says One of Ethereum’s Top Rivals Reminds Him of When ETH Was Down 97% in 2018
Former Goldman Sachs executive Raoul Pal says one of Ethereum’s (ETH) top rivals offers a big opportunity to investors after a price fall. In a new strategy session video, the macro guru tells his 52,800 Youtube subscribers that Solana (SOL) has a lot working in its favor to ignite an eventual bull run. Pal says …
3 reasons why the FTX fiasco is bullish for Bitcoin
The “Bitcoin-is-dead” gang is back and at it again. The fall of the FTX cryptocurrency exchange has resurrected these infamous critics that are once again blaming a robbery on the money that was stolen, and not the robber. “We need regulation! Why did the government allow this to happen?” they scream. For instance, Chetan Bhagat, …
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Could Hong Kong really become China’s proxy in crypto?
With its partial autonomy, the island city of Hong Kong has traditionally served as “a gate to China” — the local trade center, backed by transparent English-style common law and an openly pro-business government strategy. Could the harbor, home to seven million inhabitants, inherit this role in relation to the crypto industry, becoming a proxy …
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