FTX News
Michael Saylor Talks About Crypto after FTX Crash: New Video
Coin Stories released a new video interviewing Michael Saylor. Saylor discusses his views on the value of crypto and the trust investors have in it. He talked about the dominance...
Michael Saylor Says FTX CEO is The Wolf of Wall Street for Crypto
Michael Saylor says Bitcoin will benefit from the FTX collapse. Saylor compared the FTX CEO to Jordan Belford. He warned that more regulatory oversight on FTX is inevitable. According to...
Congressman Brad Sherman Vows To Investigate FTX CEOs
FTX was a “dramatic demonstration of both the inherent risks of digital assets and the critical weaknesses in the industry. ’Congressman Sherman pledge to investigate and prosecute those responsible. Sherman...
‘FTX is the opposite of Bitcoin’ Says President Nayib Bukele
El-Salvador President stated that BTC was created to prevent illicit activities. Twitter user indicates how BTC is resilient in the challenging crypto industry. El-Salvador ranks top among countries vulnerable to...
After FTX, Crypto.com’s CRO Is Down 50% Due to Massive Withdrawals
The native token of crypto.com Cronos(CRO) went down to a 22-month low. Withdrawals were triggered after CEO admitted to mishandling a $400M transaction. Binance CEO Zhao also suggested users to...
Crypto Exchanges Move Away from FTX Drama With Proof of Reserves
Crypto exchanges are publishing proof of reserves amidst the FTX meltdown. FTX is investigating unauthorized withdrawals worth $477 million. Binance has suspended FTT deposits and withdrawals. Binance and other crypto...
XRP Slumps; What Can Be Expected From Its Current Green Candle?
XRP has been on a downfall with its current price hitting $0.3495. The coin has flipped by 25.9% in the past week. XRP holds the same pattern it had in...
FTX’s SBF Under ‘Supervision’ in Bahamas, Wants to Flee to Dubai
FTX’s SBF is under supervision along with executives Gary Wang and Nishad Singh. They are reportedly attempting to flee to Dubai. Kraken has announced that FTX’s and its executives’ accounts...
XRP Community Calls for Investigations into FTX and Bankman-Fried
The Ripple community calls for investigations into the bankrupt FTX crypto exchange. The lawyer said the probe should benefit the regular consumer rather than the SEC vs. XRP type. Ripple...
Bitcoin Will Survive, But It Could Be a Long Winter: Elon Musk
Bitcoin will survive, but it may be a long winter, tweets Elon Musk. Elon Musk predicts that BTC, ETH, and DOGE will have a bright future. BTC fell below the...
John E Deaton Says SBF Did Not Create His Tax Shell Structure
John E Deaton highlighted that Bankman-Fried’s father was an expert in tax shelters. It is believed that Bankman-Fried’s father joined in creating the shell structure. Earlier today, two tweets went...
BTC Investors Withdraw Coin at Historic Rate: Tweets Glassnode
Glassnode tweeted the withdrawal of BTC coins at a historic rate of 106 BTC/month. The rate was similar to the pattern of withdrawals in April and November 2020 and June...
Crypto Asset Providers Are Animals: European Central Bank Chair
European Central Bank’s finance head warned regulators against crypto asset providers. The ECB said crypto asset providers are “a huge consumer protection issue”. ECB chair called crypto asset providers “animals...
BTC Price Dicey After FTX Fallout, Holder Behavior Changes
BTC trades at $16,572.4, down 0.5% in the past 24 hours. Investors have been withdrawing BTC at a rate of 106,000 BTC/month. Glassnode reported this data and wrote that the...
FTX Customers May Not Recover a Large Portion of Their Deposits
Customers of FTX face a slim chance of recovering much of their deposits, as the crypto exchange has $9 billion in liabilities, but only $900 million in liquid assets. In...
NBA’s Miami Heat Sever Ties With FTX and Wants New Arena Name
Miami Heat and Miami-Dade County also want a new naming rights partner for the arena. Both teams called the filing made by FTX for bankruptcy as “extremely disappointing”. The arena...
Months to Collapse, FTX Offered 8% Interest on USD & BTC Deposits
FTX offered 8% interest on USD deposit product a few months before its collapse. Binance CEO said people should avoid businesses that offer high incentives for locking tokens. The embattled...
Elon Musk Says FTX CEO Set Off His “Bs Detector” With Twitter Deal
Sam Bankman of FTX offered Elon Musk $3 billion to help acquire Twitter. The FTX CEO also proposed a blockchain integration for Twitter. Musk says SBF set off his “BS...
Charles Hoskinson: Tough Crypto Laws Possible After FTX’s Failure
Cardano’s co-founder said that ‘crypto didn’t fail but people failed’. FTX’s case can damage the industry or possibly offshore the American crypto industry. He suggested honest and better standards for...
More Info on Mismanaged Funds Emerge after FTX Bankruptcy Filing
A finding by Reuters alleged that over $1 billion of customer funds vanished from FTX’s coffers. FTX’s former CEO reportedly transferred $10 billion of customer funds to Alameda, most of...
FTX Faces $600 Million Crypto Hack; Instructs Users To Uninstall
FTX suffers a $600 million crypto hack. FTX support team instructs users to delete all FTX apps. ETH, SOL and BNB exit FTX and move to other DEXs. Cryptocurrency exchange...
CPI Reduces Interest Rates Announcement Comes to Rescue Crypto
US labor statistics bureau reported an increase of 0.4% increase in October. If the bulls keep pushing BTC it could hit $19,400, the region where it fluctuates. Ethereum too shows...
Chervinsky Feels FTX’s Loss Cannot Justify Regulations in US
US jurisdiction would not apply to FTX since it didn’t have any US customers. Lawyer Chervinsky feels applying regulations would be counterproductive. The community believes US regulations will push investors...
FTX Exchange Resumes Withdrawals for Ethereum and Polygon
FTX exchange resumes withdrawals of Ethereum and Polygon. The near-bankrupt exchange decided to halt withdrawals due to a liquidity crunch. FTX takes an unprecedented fall and seems to have a...
Lawmaker Says Gensler Helped FTX in Obtaining Regulatory Monopoly
Minnesota lawmaker claimed that Gensler was backing FTX and its founder. FTX and Bankman-Fried are accused of finding legal ways to obtain a regulatory monopoly. Dane Lund added that ties...
