Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse
Crypto Lender BlockFi said it could not conduct business as normal and would be limiting activity in the wake of FTX's collapse. Source
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FTX Collapse Sparks Alarm From US Lawmakers
"For four years, under my leadership as Chairwoman, the Committee on Financial Services has led the way in examining and investigating the cryptocurrency marketplace. This includes the Committee’s formation of Congress’ first-ever Task Forces on Financial Technology and Artificial Intelligence, along with the working group on digital assets. In addition,
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Claims and rumors fuel crypto market turmoil amid FTX collapse
While information leaks and unconfirmed reports can be a way for the truth to reach the public, they can also be a tool that fans the flames to grow even further in an already burnt-out crypto market. In a recent article, Reuters claimed that FTX used some of its customer deposits
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Crypto Execs Ask for Clearer US Regulatory Policy After FTX Collapse
"Compare that with Singapore which has a licensing framework, token taxonomy laid out, and much more. They can appropriately regulate crypto b/c they've done the work to define what 'good' looks like, and know all tokens aren’t securities (despite what Chair Gensler insists)," he added. Original Source
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8 Days in November: What Led to FTX’s Sudden Collapse
Financier and influencer Sam Bankman-Fried flew exceptionally high during the pandemic-driven crypto bull market. Here’s what led to his fall, and why it matters for the industry’s future. Source
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The Collapse of the FTX Empire
Hello folks. It is election day in the U.S., and that was going to be my main focus today, up until about 11:05 a.m. ET anyway. That’s the point when Sam Bankman-Fried announced that his company FTX would enter a “transaction” with Binance, which Binance CEO Changpeng Zhao later clarified
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These Four Key Charts Shed Light on the FTX Exchange's Spectacular Collapse
Nansen’s on-chain metrics suggest several reasons why FTX decided to sell itself to Binance. Source
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Ethereum Reserves Of FTX Collapse In The Midst Of Liquidity problems
FTX seems to fall deeper into its despair pit without any anchor. The crypto exchange is facing several issues threatening the stability
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Hodlnaut Judicial Managers Say Lender Lost $189.7M in Terra Collapse
"Among other reasons, the company’s accounting and financial records have not been properly maintained," the interim judicial managers (IJM) said in their first report to the court and the company's creditors. In addition, some company directors and other employees are preventing access to "various key books and records." Original Source
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While Its Lost 94% in Value Since the Collapse, Terra’s Fractured Ecosystem Is Still Worth $2.5 Billion – Altcoins Bitcoin News
It’s been five months since the Terra ecosystem collapsed as tens of billions of dollars in value disappeared from the crypto economy in a matter of days after May 7. Terra’s new Phoenix blockchain managed to restart the ecosystem to some degree and since the end of June, Terra’s total
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