Category: Cryptocurrencies
Andrew Yang says the FTX collapse could spur harsher regulation
In the wake of the FTX collapse, calls for stricter regulations around cryptocurrencies and digital assets are likely to grow louder. However, as former US presidential candidate Andrew Yang has pointed out, such regulations are not conducive to turning the US into a hub for blockchain innovation. On November 18th, Yang spoke at the Texas…
The FTX fallout is bloody
Bitcoin (BTC) is the most revolutionary currency since the advent of modern currency. Citizens are protesting the indentured servitude brought on by fiat economics by purchasing and holding Bitcoin. One of the largest wealth transfers in history has been set in motion, and its full effects will not be felt for decades. Bitcoin’s inspiring and…
Proof of Reserves: key to crypto trust?
After FTX’s catastrophic failure, the cryptocurrency industry was in shambles. destroying not only a wide variety of systems but also the public’s conception of the market as a whole. Is Proof of Reserves, however, really the answer to restoring people’s faith in crypto? The market could use more transparency, and with so many players focusing…
Sam Bankman-Fried got $3.3 billion from Alameda Research
It’s an ongoing debate that seems to have gotten more heated over time. Filings for bankruptcy have revealed that FTX founder Sam Bankman-Fried received a loan of $3.3 billion from Alameda Research. One of the most prominent global marketplaces to buy and sell cryptocurrencies has been brought down by this scandal. The cryptocurrency market has…
Whales dumping FTX Token and Cronos
Following the dramatic fall of the FTX empire, hopes for a successful “Moonvember” were dashed. A decline in Bitcoin’s value, sparked by Sam Bankman-Fried, has brought its price down to around $15,000. Many other digital currencies suffered similar losses. However, tokens used on exchanges ranked highest. Large investors dumped their holdings of FTX Token and…
After Solana-based Serum forks, SRM rose 175%
The troubled cryptocurrency exchange FTX was breached a few days ago. Elliptic, a blockchain forensics company, recently published an article highlighting the removal of various tokens on Ethereum, BNB Smart Chain, and Avalanche. About $477 million of the $663 million lost is thought to have been stolen, while the rest was probably put into safekeeping…
Binance submits FTX evidence to UK courts
Chinese cryptocurrency reporter Colin Wu tweeted on his account Wu Blockchain that Binance had declared it would provide evidence to UK lawmakers about its deal with FTX and its decision to sell FTT. According to a report from the Bloomberg television network, which Colin Wu tweeted about, Binance’s announcement to submit the details would prove…
Foobar Shares Rumors Disabled Staked ETH Withdrawals
There have been rumors that Ethereum is bankrupt and that all staked ETH withdrawals have been disabled, according to a tweet by Foobar @0xfoobar, the founder of DeFi and NFT. After hearing rumors that ethereum is bankrupt, all staked ethereum withdrawals have been temporarily disabled. 15 November 2022 — foobar (@0xfoobar) In addition, Foobar posted…
Crypto.com Under Fire for MEME Coin Reserves and Fishy ETH Transfer
During the FTX crash, Crypto.com made headlines when it said that 20% of its holdings were in the Shiba Inu (SHIB) token, a very risky “meme coin.” This led to Crypto.com coming under fire. The reports were published in an effort to increase communication between the platform and its users during the recent cryptocurrency market…
Despite a Perusal of Proof-of-reserve, CRO Bulls Fail to Overpower Bears
Despite CZ’s idea of open scrutiny of their proof-of-reserves strategy, Cronos’ price action has plunged in the last 24 hours. As of the time of publication, the price of CRO had fallen by more than 15,43%, to $0.06838. The market capitalization of all listed companies dropped by 15.93% to $1,723,475,224 and 24-hour trading volume increased…
