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Ethereum bull Anthony Sassano and Gnosis co-founder Martin Köppelmann were among those explaining later that the Wrapped Ethereum (wETH) FUD was part of an inside joke. Go to Source Powered by WPeMatico
Alameda Research reportedly withdrew the most funds from FTX US, the U.S. arm of FTX, days before the crypto exchange filed for bankruptcy. The majority of the withdrawn cryptocurrencies were sent to wallets owned by FTX International, “suggesting that Alameda may have been operating to bridge between the two entities,” crypto intelligence firm Arkham said. … Read more
Ripple’s APAC policy director said the collapse of FTX is exactly why crypto needs to move away from “hype cycles” and towards “real utility.” Go to Source Powered by WPeMatico
The collapse of FTX and other centralized platforms in 2022 has pushed investors toward noncustodial platforms. Go to Source Powered by WPeMatico
The Venezuelan fiat currency, the bolivar, has lost almost 40% in its exchange rate against the U.S. dollar in a month. According to reports, the seasonal payments that the government has to make, and the lack of liquidity of the government to intervene in the currency market are part of the equation leading to this, … Read more
As the smoke starts to clear around the massive crater left by the FTX disaster, Ethereum co-founder Vitalik Buterin has shared his thoughts on the ether community’s view of centralization. In related news, CME Group CEO Terry Duffy recalls in March when he called former FTX boss Sam Bankman-Fried an “absolute fraud.” Implosions notwithstanding, Coinbase … Read more
According to analysis from blockchain firm Arkham Intelligence, over 50% of the funds transferred after Nov. 6 were in US pegged stablecoins. Go to Source Powered by WPeMatico
The fallout from the FTX collapse continues to reverberate across the crypto market. Institutions are using this opportunity to short BTC. Go to Source Powered by WPeMatico
Alleged securities violations and connections with retail investors are being investigated by the State of Alabama and several other states. Go to Source Powered by WPeMatico
Regulators failed to regulate, and venture capital firms invested without conducting the proper due diligence. Go to Source Powered by WPeMatico