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The former CEO described his role in the exchange’s downfall as a failure in oversight, saying he should have been “more skeptical of large margin positions.” Go to Source Powered by WPeMatico
The market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion. Go to Source Powered by WPeMatico
On-chain analytics show that ETH and stablecoins have been flowing out of centralized exchanges in the aftermath of FTX’s collapse. Go to Source Powered by WPeMatico
Elizabeth Warren’s WSJ op-ed, which correlated the fall of the FTX crypto exchange to crypto ruining the entire economy, did not go unnoticed by the online crypto community. Go to Source Powered by WPeMatico
The Busan city administration has signed agreements with multiple crypto firms, including Binance, Huobi Global, Crypto.com, as well as the troubled FTX exchange. Go to Source Powered by WPeMatico
Bitpreco, a Brazilian cryptocurrency exchange, has decided to extend its functionality to offer banking services through a new platform called Bitybank. The company, which will also open payment and digital account services, plans to attract users to crypto through cashback programs that counter the fears of users purchasing cryptocurrencies in today’s uncertain market. Bitpreco to … Read more
The price of soccer fan tokens, designed for fan engagement, is seemingly impacted by the on-field performance of teams. Go to Source Powered by WPeMatico
The Monetary Authority of Singapore had its reasons, and there was nothing more it could have done about the FTX threat any way, just like other national regulators. Go to Source Powered by WPeMatico
While the analytics firm Nansen published a report that points to the Terra collapse igniting the flames of FTX’s and Alameda Research’s financial problems, onchain data from the intelligence and research firm Glassnode suggests FTX’s “cracks had formed as far back as May-June.” Glassnode’s report highlights a “growing pool of [onchain] data” that shows FTX’s … Read more
“We’re not just talking about crypto assets, or cash assets, or physical assets — we’re also talking about information, and information here is an asset,” said James Bromley. Go to Source Powered by WPeMatico
