Crypto Needs Oversight to Avoid Harming Americans, White House Says
Cryptocurrencies risk harming everyday Americans without proper oversight and the latest news involving crypto underscores these concerns, White House press secretary Karine Jean-Pierre said on Thursday.
Investment Bank CEO Tried Warning SBF About FTX’s Potential Collapse Earlier This Year
Investment banking company Jefferies Group’s CEO, Richard “Rich” Handler, took to Twitter to reveal that he unsuccessfully tried to get in touch with FTX CEO Sam Bankman-Fried earlier this year when the latter was offering bailouts to several troubled firms.
Binance Hires UK Director, Invokes Need to Comply With Regulators
While flagging efforts to remain above board in the United Kingdom, Binance announced it hired a new director.
In a LinkedIn post, Binance Regional Manager of Europe and the UK Ilir Laro said his company picked Nish Patel to be a director.
"Our main focus will be to register and comply with the UK's Financial Conduct Authority to operate a regulated crypto-asset business in the UK," Laro wrote.
Solana’s SOL Surges After Blockchain's Foundation Delays Plan to Unstake Tokens
The price of SOL surged in digital-asset markets after the Solana Foundation, which supports development on the blockchain, said it would postpone a plan to unstake some 28.5 million tokens. A total of 63 million SOL was previously ready to be unstaked at the conclusion of the Solana blockchain’s “epoch 370” staking lock-up period, according to a <a href="https://solana.com/news/staking-and-epoch-boundaries">statement</a> from the Solana Foundation on Thursday.
FTX US Resigns From the Crypto Council for Innovation
In a statement to Cointelegraph on Nov. 10, CCI CEO Sheila Warren said the council had accepted FTX US’ resignation as an associate member of the group. The firm’s departure came amid crypto exchange FTX reporting liquidity issues, leading to volatility across the market and concerns from global regulators and lawmakers.
FTX Crisis Spurs and Sam Bankman-Fried Is Under Fire
Sam Bankman-Fried lost US$15 billion and control of one of the world’s biggest crypto exchanges in under 24 hours.
GSR has been Actively Managing Exposure Across All Exchanges and is Prepared for High Volatility.
GSR is operating as normal and remains focused on maintaining liquidity for our clients despite the disappointing news that has come out this week. Supporting our clients, partners and the wider crypto community in the coming weeks and months will remain our top priority.
The FTX Incident: Follow-up on the Market and Forecasting
The impact of the FTX incident may exceed the Luna and 3AC collapse and affect the institutions implicated by 3AC but not filed for bankruptcy.
Singapore’s State Investor Temasek Is Engaging With FTX as Binance Drops Bid
Temasek Holdings, the Singaporean state-holding company
owned by the government of Singapore is allegedly engaging with FTX amid
Binance’s plans to bail out the crypto trading firm. Singapore’s state investor
has been known to have invested in the cryptocurrency and blockchain industry
for quite some time now.
FTX Faces US Justice Department Probe After Collapse
The U.S. Department of Justice is looking into crypto exchange FTX after its apparent collapse.
