In a letter to its investors, one of the industry’s most notable crypto venture firms, Multcoin Capital, has revealed its thesis for the coming weeks. Managing partners Kyle Samani and Tushar Jain write in a 3,400-word letter that the FTX fiasco does not spell doom for the crypto industry, as critics like Peter Schiff and…
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In a bid to exploit the recent crypto meltdown, El Salvador’s President Nayib Bukele and Tron Founder Justin Sun plan to Bitcoin at a pace of one coin per day starting today. In a Thursday tweet, President Nayib Bukele announced the news, pledging to acquire one BTC per day starting Friday, November 8. “We are…
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As the recent collapse of major exchange FTX continues to ravage the crypto markets across the world, Singapore’s state-run fund Temasek has decided to write down the $275 million investment made into the failed crypto exchange…. Read More: Singapore State Fund Temasek Writes Down $275 Million Investment in FTX – Here’s What Happened Read more…
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A group of customers of the recently collapsed crypto exchange FTX, is organizing to take legal action against the company. The suit would be led by Ray Nasser, CEO of Arthur Mining, and will be brought by customers who had more than $100,000 on the exchange by the time of its bankruptcy. Brazilian Customers to…
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Liquidators in the Bahamas working on the now-bankrupt crypto exchange FTX believe there was “serious fraud and mismanagement” occurring at the exchange, court documents have revealed. “The Joint Provisional Liquidators’ findings to date indicate that serious fraud and mismanagement may have been committed” by FTX and the related group of companies, the documents said, according to…
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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: News Summary: FINRA Launches Crypto Comms Probe, Genesis Block Stops OTC Trading, Thodex Founder to Be Extradited to Turkey Read more »Sign up for e-EUR – the progressive stablecoin
The Hong Kong-based cryptocurrency exchange says the market turmoil from the FTX fallout is the final cause of ceasing operations following a year of winding down services. In the wake of the recent FTX scandal, another crypto business is feeling the market effects. Genesis Block, a frontrunner for providing cryptocurrency retail services in Hong Kong, announced…
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The Bahamas struck first and struck hard. Yesterday, there were rumors going around that their government was pressuring Sam Bankman-Fried to give them control of FTX’s assets. What sounded like a bizarre story was more than confirmed today. The Securities Commission of The Bahamas released an official document announcing the takeover. Of course, they did…
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Rather than Warren Buffet, FTX founder Sam Bankman-Fried (SBF) is the Bernie Madoff of crypto, said Robert Kiyosaki, investor, entrepreneur, and the best-selling author of Rich Dad Poor Dad. He also argued that bitcoin (BTC) is not an issue – in this or any other situation. … Read More: Rich Dad Poor Dad Robert Kiyosaki Calls…
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According to Julian Hosp, co-founder of the decentralized finance entity Defichain, the fall of the crypto exchange FTX and the domino effect it has had may have rekindled interest in decentralized finance (defi) and associated products. Hosp, however, conceded that the crypto exchange’s dramatic collapse also encourages regulators to adopt a harder line when dealing…
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