SBF had claimed that the operations of FTX and Alameda were independent, but the recent lawsuit has revealed that both firms worked in conjecture from day one. New reports into Sam Bankman-Fried and his collapsed exchanges revealed that Alameda Research, the now-bankrupt crypto trading firm, almost collapsed in 2018, even before FTX was in the…
Read more
Robert Kiyosaki says the time to buy gold and silver is now, predicting a stock market crash will send prices of the precious metals higher. In other news, the crypto community has been curious about the former Alameda Research co-CEO Sam Trabucco, and his whereabouts, as the guilty plea of Alameda’s former CEO Caroline Ellison…
Read more
FTX customers in Japan will soon be able to withdraw their funds that are currently frozen due to the bankruptcy process. Two FTX-owned crypto exchanges, FTX Japan and Liquid, are developing a system to allow withdrawals by mid-February. FTX’s Japanese Customers Can Withdraw Funds Soon Two FTX-owned cryptocurrency exchanges in Japan — FTX Japan and…
Read more
Bitcoin and other cryptocurrencies are feeling the effects of the negative trends occurring in the market. The crypto winter predicted to wind up in early November by some experts is still in full swing. Crypto critics like Warren Buffet still views crypto as a risky asset. The FTX saga has further changed the narrative, with…
Read more
Bitcoin faces more than just FTX fallout in December, with macro data due and the Mt. Gox payouts getting closer. Bitcoin (BTC) briefly returned to $17,000 into Nov. 30 as monthly close volatility loomed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: $17,500 monthly close “most bullish outcome” Data from Cointelegraph Markets Pro and TradingView…
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: FTX Resumes Employee Salaries, Huobi Partners with Tron & DMC on Dominica Coin, Ukrainian & Indian CBDCs Read more »Sign up for e-EUR – the progressive stablecoin
Cryptocurrency exchange Bitfront has announced its intention to cease operations in the coming months, citing challenges facing the industry. The U.S. trading platform, backed by Japan’s social media giant Line, indicated the decision is unrelated to the collapse of FTX. Line-Supported Digital Asset Exchange Bitfront Suspends New Sign-ups Bitfront, a crypto exchange operating in the…
Read more
Binance, Coinbase, Bitfinex, Gemini, Kraken and KuCoin were targets of one senator’s probe into protections the firms had in place if a failure similar to FTX’s occurred again. Ron Wyden, chair for the United States Senate Finance Committee, has requested information from six crypto firms on consumer protection following FTX’s liquidity issues and bankruptcy. In…
Read more
The disgraced former head of the world’s second-largest cryptocurrency exchange tells his side of the story in candid but occasionally inarticulate interviews. Former FTX head Sam Bankman-Fried (SBF) selected cryptocurrency vlogger Tiffany Fong for a series of lengthy and candid telephone interviews. In the two interviews that had been released on YouTube at press time,…
Read more
Speculative investing led people to FTX. Now that we’ve seen the consequences, let’s hope they start looking for value-based propositions. The FTX collapse marks more than just the failure of another crypto exchange. It signals the time has come for the industry to grow up and embrace value. The value schism is here. FTX was…
Read more
