Ex-FTX US Head Raises $5M for Startup Months After Exchange Collapse
Investors included the venture arms of Coinbase and Circle, a former FTX portfolio company. Original Source
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Cornell Professor Warns of Disruption to US Bond Market From Potential Collapse of Major Stablecoin – Economics Bitcoin News
A professor from Cornell University has warned about the potential effects a collapse of a major stablecoin could have on the U.S. bond market. Eswar Prasad said that if large stablecoins face a collapse, the number of Treasury bonds they would need to sell could disrupt the U.S. Treasuries market,
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Bitcoin Price Touches $20,000 For First Time Post-FTX Collapse
Tony Spilotro I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever
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Bitcoin Pushes Near $19K For First Time Since FTX Collapse
Speaking with CryptoX, Swan Bitcoin Managing Director Steven Lubka said he expects inflation numbers to continue to soften in the first half of 2023, which should give the Fed room to somewhat soften its stance. Lubka, however, is concerned that CPI prints in the second half of the year may
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Demand for USDC Skyrockets after FTX Collapse
Despite the fact that customers may be shifting their focus to its competitor, Tether doesn’t see a threat.Following a series of events that took place in 2022, it appears that the Circle-issued USDC stablecoin has suddenly found itself to be a favorite option among crypto users. According to a data
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Bitcoin CME Futures Draw Premium for the First Time Since FTX's Collapse
While futures have flipped into premium, the "term structure" remains in backwardation, signaling caution among institutions. Source
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USDC transfer volume hit 5X USDT’s in fallout from FTX collapse
Stablecoin USD Coin (USDC) has grown in popularity since the collapse of FTX. It now frequently reaches daily transfer volumes four to five times that recorded by major competitor Tether (USDT) according to data from blockchain analytics firm Glassnode. That’s despite the market cap of USDT being $23 billion greater
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FTX collapse may boost ‘further trust’ in crypto ecosystem — Nomura exec
The winds of crypto winter may be still blowing, but it doesn't seem to be stopping venture capital firms from piling into cryptocurrencies. In fact, recent events influenced by the bear market, such as the collapse of FTX, could bring "further trust into the ecosystem," according to Jez Mohideen, co-founder
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TradFi Fights for Tougher Crypto Rulebook in Wake of FTX Collapse
According to the World Federation of Exchanges, whose members include Nasdaq, the Intercontinental Exchange and the London Stock Exchange Group, the FSB should even “strengthen its stance in requiring separation of activities,” ensuring the same standards apply as would for TradFi players, when crypto companies simultaneously operate platforms, execute trades,
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Solana Exec Says Platform Still Gaining New Users Despite FTX’s Collapse
Sam Bankman-Fried, the now disgraced founder of bankrupt FTX, was a vocal supporter of Solana, and according to a Solana blog post in November, FTX and Alameda Research, an affiliated trading firm that Bankman-Fried also owned, purchased more than $58 million worth of SOL tokens from the foundation and its
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