BlockFi Files Chapter 11 As FTX Contagion Spreads
The collapse of the FTX crypto exchange has spread to crypto-firm BlockFi, as it has now filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the…
IOSCO Securities Watchdog Prepares Crypto Regulatory Recommendations
The new chair of the global securities watchdog IOSCO, Jean-Paul Servais, said in a recent interview, the crash of the FTX cryptocurrency exchange had lent a new urgency to the…
Core Scientific Bitcoin Miner Hit By Energy Costs And Decline In BTC
The world’s biggest publicly listed bitcoin miner by computing power, Core Scientific (CORZ), announced that it may run out of money before year’s end. At the end of October, the…
Online Traders Are Fleeing Crypto Exchanges
On Monday a Bloomberg report quoted experts which said online traders were fleeing crypto-exchanges, pulling their tokens and putting them in cold storage in an effort to safeguard them in…
Binance CEO Attacks FTX Founder As Psychopath
Binance CEO Changpeng Zhao has gone on the record accusing FTX CEO Sam Bankman-Fried of being a dangerous lunatic, after the FTX CEO threatened to expose information which would potentially…
FTX Collapse Is Generating Liquidity Pressures At Other Crypto-Firms
More cryptocurrency companies are coming under liquidity pressures, as the fallout from the FTX exchange’s collapse begins to spread. Presently Gemini, the exchange founded by the Winklevoss twins, is experiencing…
Doctor Doom Says Crypto Ecosystem Is Corrupt And Big Players Are Con Men.
Following the collapse of the FTX cryptocurrency exchange, Nouriel Roubini has entered the debate, describing the cryptocurrency ecosystem as, “totally corrupt” and calling its big players “con men.” On Wednesday,…
FTX Contagion Begins To Spread
Due to its association with the FTX exchange, cryptocurrency Solana continued to fall for a third day Monday, dropping to roughly $14 per token. That represents a fall of roughly…
FTX Cryptocurrency Exchange Hacked, Hundreds Of Millions Missing
Following the digital theft of more than $600 million in tokens from wallets on its platform, collapsing cryptocurrency exchange FTX has begun moving assets from its platform into cold storage.…
FTX Goes Bankrupt
Cryptocurrency exchange FTX has announced it has begun voluntary bankruptcy proceedings in the US. In a statement on Twitter the exchange announced that it will begin, “an orderly process to…
