A well-regulated African cryptocurrency market is needed in order to protect users as well as help countries stop bad actors from using digital assets to circumvent capital controls, the latest post on the IMF blog has said. The blog post reiterated the IMF’s belief that risks to a country are “much greater if crypto is…
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The Securities Commission of The Bahamas said the continued hacking attempts on FTX prove it made the right call to “secure” FTX’s digital assets. The Securities Commission of The Bahamas says the continued “hacking attempts” on FTX’s digital assets prove they made the right call to take control of the exchange’s assets on Nov. 12. …
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The crypto market keeps getting touchy and challenging for most crypto traders and investors, with the market being hit virtually every week with bad news that sends the price of most altcoins to their weekly lows. Recently, the price action displayed by many altcoins has been problematic as many altcoins battle for survival. The Domino…
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A Ripple executive says there is one important lesson from the meltdown of crypto exchange FTX that he “can say with total confidence will not be learned.” The executive added: “Regulation that punishes after the fact won’t catch it. Investor due diligence won’t either.” One Lesson From FTX Collapse That Won’t Be Learned The CTO…
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The Russo’s are reported to have said that FTX “is one of the most brazen frauds ever committed” in their reasoning for wanting to create the show. An eight-episode limited series exploring the unraveling and scandals behind sunken crypto exchange FTX and its leadership is slated to soon begin production. The series has been purchased…
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ATOM’s price shows strength as price bounces off from a weekly low of $8.5 giving bulls some relief. ATOM’s price continues to look bearish as more sentiment for the market lingers, with things looking uncertain for most traders and investors. ATOM’s price rallies high on the daily timeframe as the price moves toward the 50…
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U.S. Congressman Tom Emmer says the FTX meltdown is not a crypto failure but a failure with SEC Chairman Gary Gensler, former FTX CEO Sam Bankman-Fried, and centralized finance. “We need to get to the bottom of this. We need to understand why Gary Gensler and the SEC were not doing their job,” the lawmaker…
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LTC’s price shows strength as price bounces off from a weekly low of $50 to trend higher, giving bulls some relief. LTC’s price continues to look strong as bearish sentiment for the market lingers, with things looking uncertain for most traders and investors. LTC’s price rallies high on the daily timeframe as the price moves…
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In a rare move, American venture capital firm Sequoia Capital reportedly apologized to its fund investors for the $150 million it has lost on the now-bankrupt crypto exchange FTX. The Wall Street Journal reported the apology, citing people familiar with the matter. Sequoia’s partners told the fund investors on a call on Tuesday that the…
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The former CEO described his role in the exchange’s downfall as a failure in oversight, saying he should have been “more skeptical of large margin positions.” Former FTX CEO Sam Bankman-Fried, also known as SBF, has reiterated apologies to the exchange’s employees in a letter explaining the collapse. According to a Nov. 22 letter reviewed…
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