The CFTC could prevent the next FTX with some congressional help
The Commodity Futures Trading Commission should be responsible for preventing companies like FTX from taking root in the future. Go to Source Powered by WPeMatico
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Jump Crypto denies rumors that it intends to wind down due to FTX losses
According to Jump Crypto, they believe they are “one of the most well-capitalized and liquid firms in crypto.” Go to Source Powered by WPeMatico
$600M in Bitcoin options expire on Friday, giving bears reason to pin BTC under $16K
Bears are better positioned for Friday’s $600 million BTC options expiry, but bulls can flip the tables if Bitcoin price trades above $18,000. Go to Source Powered by WPeMatico
FTX and Alameda likely colluded from the very beginning: Report
Researchers at Nansen concluded that at least 86% of all FTT tokens were initially controlled by Alameda or FTX. Go to Source Powered by WPeMatico
Regulator Halts Trading of FTX Tokens in Indonesia
The agency overseeing Indonesia’s crypto market has stopped the trading of FTX tokens on domestic platforms. The announcement comes after FTX, the exchange that issued the FTT token, filed for bankruptcy in the United States and was subjected to investigations by regulatory bodies around the world. Indonesian Authority Orders Crypto Exchanges to Discontinue FTX Token … Read more
Binance CEO CZ Calls SBF a ‘Psychopath,’ 3AC Co-Founder Accuses FTX, Alameda of Stop Hunting His Hedge Fund
During a conversation with Binance CEO Changpeng Zhao (CZ) and the Milken Institute, the exchange executive called the former FTX CEO Sam Bankman-Fried (SBF) a “psychopath” for one of the tweets SBF wrote last week. CZ’s statements further follow the accusations stemming from Three Arrows Capital (3AC) co-founder Kyle Davies. The 3AC co-founder claimed that … Read more
Bitcoin price target now $13.5K as BTC trader says ‘exit all markets’
Bitcoin shrugs off FTX news, but analysts warn BTC price and altcoins are due significant losses. Go to Source Powered by WPeMatico
3 reasons why the FTX fiasco is bullish for Bitcoin
The FTX fiasco is nothing new for Bitcoin as it survived multiple exchange collapses, bear markets and even outright bans in its decade-plus existence. Go to Source Powered by WPeMatico
Sam Bankman-Fried, FTX, Alameda Were Accused of Conspiracy, Racketeering, and Market Manipulation 3 Years Before FTX Collapsed
Amid the latest bankruptcy case filed by FTX Trading Ltd., U.S. regulators want to crack down on crypto exchanges, and a class action lawsuit has been issued against former FTX CEO Sam Bankman-Fried (SBF) and 12 celebrities. However, this is not FTX’s and Alameda Research’s first rodeo with the U.S. court system and financial investigations. … Read more
‘I knew he was desperate’ — Binance CEO CZ opens up on SBF relationship
Binance’s CEO reflects on prior dealings and relationship with SBF after the collapse of his FTX empire. Go to Source Powered by WPeMatico
