Cryptocoins News / EthereumWorldNews - 2 years ago
Senator Warren has called for a strict regulatory framework to be established in the crypto industry. Coinbase’s Brian Armstrong and Ripple CEO Brad Garlinghouse have also blamed a lack of regulatory clarity in the US as the main reason co...
Cryptocoins News / EthereumWorldNews - 2 years ago
The SEC has expanded its investigation into the dealings of troubled crypto exchange FTX. The regulator believes that some assets on FTX may qualify as securities. SEC officials have contacted the exchange’s lawyers for documents regarding it...
Cryptocoins News / EthereumWorldNews - 2 years ago
Changpeng Zhao, CEO of Binance, shared how user confidence in the sector has declined as a result of the near collapse of FTX. CZ later added that Binance’s acquisition of FTX should not be viewed as a victory. Binance’s CEO, Cha...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Changpeng Zhao’s Binance may pull out of the deal to buy FTX, CoinDesk reported citing sources close to the matter. Zhao previously said the acquisition was “non-binding” and subject to due diligence. Sam Bankman...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Contagion from FTX insolvency and FTT price crash spread to financial services giant Galaxy Digital. The company’s Q3 2022 earnings report showed exposure to the troubled crypto exchange launched by Alameda founder Sam Bankman...
Cryptocoins News / EthereumWorldNews - 2 years ago
On-chain data shows some unusual transactions relating to FTT. Some analysts say the nature of these could indicate that FTX bailed Alameda out. The basic premise of the speculation is that Alameda collapsed alongside Three Arrows Capital and ot...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: State-backed venture capital fund Temasek entered talks with FTX, the crypto exchange led by Sam Bankman-Fried that is possibly insolvent following recent developments Temasek was an investor in SBF’s Bahamas-based exchange, pe...
Cryptocoins News / EthereumWorldNews - 2 years ago
Coinbase CEO Brian Armstrong clarifies that the exchange has no material exposure to FTX, FTT, or Alameda. FTX is now owned by Binance, one of the largest cryptocurrency exchanges in the world. The FTX-Alameda debacle has finally reached its...
Cryptocoins News / EthereumWorldNews - 2 years ago
The recent acquisition deal made with CZ’s Binance was not Sam Bankman-Fried’s first choice. SBF was reportedly looking for Silicon Valley and Wall Street billionaires to bail out FTX. FTX was reportedly seeking more than $1 billion, although...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Sam Bankman-Fried’s FTX and Changpeng Zhao’s exchanges have reached a resolution per tweets from SBF himself. SBF said the two entities agreed on a strategic transaction. Binance will fully acquire FTX, per CZ’...
Cryptocoins News / EthereumWorldNews - 2 years ago
Robinhood’s $HOOD stock is down 10% at press time. The FTX-Alameda insolvency rumours have negatively impacted the prices of $HOOD& SBF owns nearly $600 million’s worth of $HOOD shares.& Crypto Twitter is flooded with...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Sam Bankman-Fried’s Alameda Research provided proof of funds for 100 million BIT tokens held by the trading firm. The asset declaration was a response to a ByBit community proposal asking the company to provide proof of the tok...
Cryptocoins News / EthereumWorldNews - 2 years ago
Analysts are highlighting large withdrawals placed from FTX, which is causing volatility. They are pondering whether FTX might be having trouble with its reserves. These analysts also pointed to FTX pulling funds out of the Wormhole bridge, sayi...
Cryptocoins News / EthereumWorldNews - 2 years ago
Solana’s price has dropped 14% in the last 24 hours. At the time of writing, SOL is trading at $27.93. The price of Solana has taken a direct hit amid the ongoing Binance-FTX spat. Solana Drops 14% As Founders of FTX and Binance Con...
Cryptocoins News / EthereumWorldNews - 2 years ago
luxury watch brand Rolex has filed for NFT and metaverse trademark applications. Rolex is keen on introducing NFTs as well as NFT-backed content and a dedicated online space that facilitates the selling and purchasing of “virtual products...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: The U.S. Department of Justice confiscated some 50,000 Bitcoin linked to the Silk Road platform. Authorities seized BTC valued at $3.36 billion at the time from one James Zhong in November 2021. Zhong pleaded guilty to defrauding...
Cryptocoins News / EthereumWorldNews - 2 years ago
Circle has announced that its Euro-backed stablecoin Euro Coin will launch on Solana in the first half of 2023. The addition of Solana is a bid by Circle to make its stablecoins available on more networks. Circle will also bring access to the Cr...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: FTX CEO Sam Bankman-Fried stressed that the crypto exchange is not insolvent despite rumors. Speculations arose after Binance CEO Chanpgeng Zhao tweeted that the leading exchange will exit its positions for FTT, the native token of F...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Yesterday, Binance CEO Changpeng Zhao revealed that the exchange intends to liquidate its FTT holdings. Putting the solvency of FTX in doubt, sellers have rampaged the FTT market in the last 24 hours. Daily trading volume was at a six-month...
Cryptocoins News / EthereumWorldNews - 2 years ago
Meta may soon initiate mass layoffs to stabilise its earnings. According to the WSJ, the layoffs can be initiated as early as the next week of November 2022. According to the Wall Street Journal, Mark Zuckerberg’s company, Meta, may so...
Cryptocoins News / EthereumWorldNews - 2 years ago
Binance CEO Changpeng Zhao took to Twitter to announce that the exchange will liquidate his company’s FTT holdings following recent relevations. The exchange’s FTT holdings are estimated to be worth $500 million. CZ has cited “recent revelati...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: On 5 November, BNB clinched a new all-time high in its social contributors, social mentions, and social engagements. The rally in social activity is connected to its price rally in the last month. While the price might be up now, there are...
Cryptocoins News / EthereumWorldNews - 2 years ago
Lebanese citizens are now actively conducting payments in cryptocurrencies, especially in USDT. As reported by CNBC, Lebanon stands second to Turkey in terms of total crypto transactions that it receives from other countries. As hyperinflati...
Cryptocoins News / EthereumWorldNews - 2 years ago
Google Cloud has announced a new block-producing Solana validator to participate in the network’s validating process The platform has also launched Blockchain Node Engine, A web3 node hosting service on Solana. Google Cloud has also ann...
Cryptocoins News / EthereumWorldNews - 2 years ago
Helium Network has announced its partnership with Solana Saga crypto phones. Under the new partnership, Solana Saga phones are all set to be powered by Helium Network’s newly launched 5G carrier services. Solana’s widely anticipa...
