FTX, FTX US, and Alameda file for Chapter 11 bankruptcy in US; SBF resigns
FTX CEO Sam Bankman-Fried has resigned his position, and will be succeeded by John Ray. Go to Source Powered by WPeMatico
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Sam Bankman-Fried apologizes over FTX liquidity crisis: ‘I fucked up twice’
According to the FTX CEO, Alameda Research was also “winding down trading” but United States-based exchange FTX US “was not financially impacted” by recent events. Go to Source Powered by WPeMatico
In staff letter, Binance CEO embraces scrutiny from regulators amid potential FTX deal
“People now think we are the biggest and will attack us more,” said Changpeng Zhao in a letter updating staff on the situation with FTX. Go to Source Powered by WPeMatico
Binance CEO announces intent to acquire FTX to ‘help cover the liquidity crunch’
FTX CEO Sam Bankman-Fried called the news a “user-centric development that benefits the entire industry.” Go to Source Powered by WPeMatico
Web3 Foundation makes bold claim to SEC: ‘DOT is not a security. It is merely software’
According to CLO Daniel Schoenberger, the team developed a “workable theory of how token morphing may be achieved” for DOT based on the SEC’s concerns and federal securities laws. Go to Source Powered by WPeMatico
Quebec’s energy manager to seek government approval to stop powering crypto miners
Energy provider Hydro-Québec cited the high energy demands anticipated in the Canadian winter in its reasons to reallocate 270 megawatts from crypto mining firms. Go to Source Powered by WPeMatico
Traditional firms likely won’t be leading the charge in the next generation of Web3 games — WAX CEO
“I actually think the first big games that have multimillion persistent users daily — those will come from new startup studios,” said William Quigley. Go to Source Powered by WPeMatico
‘Great cryptocurrencies have to go through several collapses,’ says Cardano founder
According to Charles Hoskinson, projects that have survived both bull and bear markets over the years were “resilient under an adversarial load” — and many DeFi protocols weren’t. Go to Source Powered by WPeMatico
Bitcoin mining firm Bitdeer could delay public offering to 2023
An SEC filing stated Safari Group shareholders could vote to give the company the option to extend the Bitdeer deadline up to four times until December 2023. Go to Source Powered by WPeMatico
Core Scientific may consider bankruptcy following uncertain financial condition: Report
The mining firm has cited the low price of Bitcoin, electricity costs, an increase in the BTC hash rate, and litigation with Celsius playing a role in its financial difficulties. Go to Source Powered by WPeMatico