Bookmarking Crypto Insights
Auto Added by WPeMatico
Cryptocurrency exchange Binance is forming an industry recovery fund to “reduce further cascading negative effects of FTX,” said CEO Changpeng Zhao (CZ). “As an industry, we need to increase transparency,” the executive stressed. “We need to work very closely with regulators all around the world to make this industry more robust.” Binance Establishing Crypto Industry … Read more
Short CRO traders were paying as much as 3% premium to long traders on Nov. 14, reflecting extreme bearishness in its futures market. Go to Source Powered by WPeMatico
Despite the backlash he previously received for purchasing BTC as markets crashed, Bukele cited the recent FTX collapse to explain why Bitcoin is different. Go to Source Powered by WPeMatico
In a previous post on Twitter, the AAX exchange said it has no financial exposure to FTX and its affiliates. Go to Source Powered by WPeMatico
Binance CEO Changpeng Zhao has compared the FTX collapse to the 2008 financial crisis. Warning of “cascading effects,” he stressed: “A lot of consumer confidence is shaken, and I think basically it sets us back a few years.” Binance’s CEO Discusses the Impact of FTX’s Collapse on the Crypto Industry The CEO of cryptocurrency exchange … Read more
Confidence in centralized exchanges appears to be waning as Bitcoin flows into self-custody wallets at near-record levels. Go to Source Powered by WPeMatico
Kraken said it froze account access to certain funds “we suspect to be associated with ‘fraud, negligence or misconduct’ related to FTX.” Go to Source Powered by WPeMatico
The CEO of cryptocurrency exchange Kraken has outlined the impact of FTX’s failure on the crypto industry. After listing multiple red flags, the executive stressed: “The damage here is huge … We’re going to be working to undo this for years.” Crypto Exchange Kraken’s CEO on Damage to Crypto Industry Caused by FTX’s Failure The … Read more
Voyager reopened its bidding process after FTX US, the original winner, filed for bankruptcy on Nov. 11. Go to Source Powered by WPeMatico
The Bahamas securities regulator and financial investigators are reportedly investigating the collapsed crypto exchange. Go to Source Powered by WPeMatico
