FTX crisis could extend crypto winter to the end of 2023: Report
The crypto market might see “second-order effects” from counterparties that may have lent or interacted with either FTX or Alameda. The FTX crisis has deterred investor confidence and created a liquidity crisis in the crypto market, which could very well …
US reportedly considering Bankman-Fried extradition for questioning
Authorities in both countries are reportedly in conversation about whether to bring the former FTX CEO back to the United States. In the aftermath of the FTX exchange liquidity crisis and bankruptcy, the United States and Bahamian authorities are reportedly …
FTX Bitcoin stash worth same as Mt. Gox 840K BTC before hack
The infamous Mt. Gox Bitcoin hack cost the same in U.S. dollar terms as FTX emptying its 20,000 BTC balance. If FTX is sparking new Bitcoin (BTC) bear market lows, BTC price action has further to fall to match Mt. …
US national crypto laws should look like New York’s, says state regulator
The superintendent of the New York Department of Financial Services highlighted her state’s stringent standards as the blueprint for federal legislation. The superintendent of the New York Department of Financial Services (DFS) joined a nationwide regulatory discussion in the aftermath …
Tim Draper still positive on $250K Bitcoin price prediction in 2023
The collapse of FTX crypto exchange has nothing to do with the success of Bitcoin because BTC is decentralized and FTX was not, Tim Draper said. Billionaire venture capitalist and serial blockchain investor Tim Draper is not giving up on …
UAE regulator adopts blockchain to speed up commercial judgments
ADGM Courts aims to “massively transform the delivery of judicial services,” said CEO Linda Fitz-Alan while introducing blockchain technology for commercial courts. A judicial authority established by the United Arab Emirates (UAE) Federal Decree has adopted blockchain technology to save …
Bitcoin miners send less BTC to exchanges since 2020 halving despite FTX
FTX volatility only resulted in a brief uptick in miner sales on exchanges, with the trend already returning to normal. Bitcoin (BTC) miners may be sending more BTC to exchanges this month — but overall, their sales have crashed since …
Island nation turns to metaverse to preserve its disappearing heritage
The island of Tuvalu said it plans to build a digital version of itself in order to preserve its history as it faces erasure due to climate change. In the South Pacific, the island nation of Tuvalu decided to turn …
Solana entities sold 50M tokens to FTX — How long will SOL price suffer?
Most of FTX’s Solana exposure stands vested, meaning the defunct exchange will gradually gain access to millions of SOL up until January 2028. Solana (SOL) has lost 60% of its market value in a week due to its exposure to …
FDIC to prioritize crypto risk assessment as banks perform poorly in Q2
With banks reporting $470 billion in unrealized losses and FDIC foreseeing the continuation of this trend, acting chairman Gruenberg believed banks must cautiously engage in crypto-asset activities. Economic uncertainty amid geopolitical tensions, rising interest rates and slowing economic growth have …