US consumer watchdog probes crypto firms over deceptive ads
The Federal Trade Commission is investigating several unnamed crypto firms over possible misconduct in the advertisement of digital assets. Go to Source Powered by WPeMatico
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US House committee chair pushes back against SBF’s excuse to potentially delay testimony
“It is imperative that you attend our hearing on the 13th, and we are willing to schedule continued hearings if there is more information to be shared later,” said Maxine Waters. Go to Source Powered by WPeMatico
Document Claims Alameda CEO Caroline Ellison’s FTX Margin Position Was Negative $1.3B in May 2022
In a number of recent interviews, the former co-founder of FTX, Sam Bankman-Fried (SBF), explained that he “wasn’t running Alameda” and he “didn’t know the size of their position.” In a more recent discussion with The Block’s Frank Chaparro, SBF explained that auditors were looking at FTX’s corporate financials, but the auditors were “not looking … Read more
Crypto community baffled by SBF dictating terms over congressional hearing
Many in the crypto community pointed towards Bankman-Fried’s political donations and good Democratic connections via his parents, being one of the key reasons for him to evade arrest. Go to Source Powered by WPeMatico
Alameda ex-CEO Caroline Ellison spotted in New York, Twitter users claim
An unverified photo purportedly shows Caroline Ellison making an order at a New York cafe, leading to questions as to why she is back on US soil. Go to Source Powered by WPeMatico
Blackrock CEO on FTX Collapse: Most Crypto Companies Aren’t Going to Be Around
The CEO of Blackrock, the world’s largest asset manager, says that most crypto companies will not be around following the collapse of crypto exchange FTX. However, the executive is still optimistic about blockchain technology. Blackrock’s CEO on FTX’s Collapse and Future of Crypto Larry Fink, the CEO of Blackrock Inc. (NYSE: BLK), the world’s largest … Read more
Regulators face public ire after FTX collapse, experts call for coordination
U.S regulators and their failure to avoid another crypto contagion have raised a lot of questions over their credibility. Go to Source Powered by WPeMatico
Failed FTX Rescue Attempt Revealed, Putin Calls for Digital Currency Settlements — Week in Review
Shark Tank star Kevin O’Leary has revealed his and Sam Bankman-Fried’s failed attempt to raise $8 billion to rescue the now collapsed crypto exchange FTX. In other news, Russian president Vladimir Putin has called for international settlements based on digital currencies. All this and more just below in this edition of the Bitcoin.com News Week … Read more
Nobel Prize Laureate Paul Krugman Warns of an Eternal Winter for Blockchain
Nobel Prize-winning economist Paul Krugman has warned about the possibility of a perennial winter for blockchain projects, including crypto. In a recent article published in the New York Times (NYT), the economist criticizes blockchain as a tech and its uses citing several signs that he believes precede this upcoming winter. Paul Krugman Compares Crypto Winter … Read more
Will Grayscale be the next FTX?
Grayscale is fighting the good fight on behalf of everyone in cryptocurrency. Go to Source Powered by WPeMatico
