Regulation
U.S. Crypto Investors Sue FTX’s Sam Bankman-Fried, Company’s Celebrity Endorsers
The plaintiffs in a class-action suit claim that the heavily-marketed FTX yield-bearing crypto accounts were actually a Ponzi scheme. Source link
Year: 2022
Ethereum
These Crypto Market Makers Were Wary of FTX Before Collapse
Trading firm Wintermute tweeted Nov. 9 that it had reduced its exposure to FTX after the insolvency concerns started. During the withdrawal pause, some of its funds were stuck, but the amount was “within our […]
Bitcoin
Crypto Market Slides After Genesis Withdrawal Halt, and Big Investors Hunt for Bargains
“We don’t expect any sharp drops or selling pressure due to contagion fears alone since the bulk of the move is likely to be priced in already,” said Joe DiPasquale, CEO of BitBull Capital, a […]
Market Analysis
U.S. Authorities Reportedly Going After FTX Sam Bankman-Fried
The collapse of the FTX exchange has set a contagion effect within the entire market, the US authorities are going after the founder Sam Bankman-Fried. The FTX collapse has set a ripple effect in the […]
Regulation
Esports Giant TSM Suspends $210M Partnership with FTX
“After monitoring the evolving situation and discussing internally, we’re suspending our partnership with FTX effective immediately,” the company tweeted out in a statement. “This means that FTX branding will no longer appear on any of […]
Ethereum
Newly Elected US House Whip Emmer Downplays FTX Meltdown, Cheers Crypto
Crypto advocates in Washington routinely maintain that crypto policy is a non-partisan issue that can move forward even in a divided Congress. However, this week’s rhetoric from Democrats such as Sen. Sherrod Brown (D-Ohio), the […]
Bitcoin
US Sen. Gillibrand Says a Last-Ditch Stablecoin Bill May Still Emerge This Year
Earlier on Wednesday, Circle CEO Jeremy Allaire wrote a public letter to Brown, Toomey, Rep. Maxine Waters (D-Calif.), who chairs the House Financial Services Committee, and Rep. Patrick McHenry (R-N.C.), the committee’s ranking member, urging […]
Market Analysis
Genesis Global Capital Suspends Withdrawals and Granting Loans
The crypto lending division of Genesis Trading, Genesis Global Capital, has temporarily paused its withdrawal and loan origination services as it faces “abnormal withdrawal requests” in the wake of the FTX collapse. To allay customer […]
Regulation
Grayscale Declares ‘Business as Usual’ Despite Sister Company Genesis Global Capital Suspending Withdrawals
Genesis Global Capital, the lending arm of crypto investment bank Genesis Global Trading, announced the suspension on Wednesday in response to “extreme market dislocation and loss of industry confidence caused by the FTX implosion,” according […]
Ethereum
StarkWare Deploys StarkNet Crypto Token on Ethereum Blockchain
StarkWare, the creator of a layer 2 scalability product, has deployed its new StarkNet Token (STRK) on the Ethereum mainnet. The tokens are not yet available for sale – an important distinction to avoid scams […]