Santiment Analysis: FTX Collapse to Benefit Bitcoin in the Long Term
“Crypto generally thrives when exchanges are NOT a focal point. The most impactful exchange collapse ever will have lasting shockwaves. But as shown, the key for a turnaround will likely be focus moving away from exchange tokens, and back to Bitcoin,” Santiment analysis said.
Jim Cramer on Former FTX CEO: ‘Sam Whatever’ Is ‘Disgusting’, ‘Makes Me Sick’
Former hedge fund manager Jim Cramer made it very clear how he feels about Sam Bankerman-Fried (aka “SBF”), the disgraced co-founder and former CEO of bankrupt crypto exchange FTX.
Bankman-Fried Says Alameda Was Given Special Treatment on FTX: Financial Times
Trading firm Alameda Research was given outsized borrowing limits compared with other clients of FTX.
Elon Musk Claims SBF Spent More Than $1 billion On Dem Elections
Tesla founder,Elon Musk claims that SBF has contributed more than $1 billion to Democratic elections. He wonders why SBF is withholding the precise figures and, if the sum is accurate, where the remaining funds went.
Breaking: Gemini Exchange Owed Nearly $1 Billion By Genesis, DCG
Gemini Genesis News: Crypto exchange Gemini appears to be the latest victim of the contagion from FTX collapse, followed by adverse effects for BlockFi, Genesis and the Digital Currency Group (DCG). Earlier, crypto lender BlockFi officially filed for chapter 11 bankruptcy owing to the market effects caused by the FTX meltdown. While it remains to be seen as to how many more companies would fall victim to the FTX downfall, it is important to safeguard the interest of Gemini customers. According to latest reports, the crypto exchange is owed to the tune of nearly $1 billion by Genesis trading.
Former SEC Official Slams Tether for Running a Ponzi Scheme, Labels Firm as a ‘House of Cards’
Former Securities Exchange Commission (SEC) enforcement official John Reed has questioned the implication of the alleged lack of transparency by USDT stablecoin provider Tether.
U.S. House Committee Chairwoman Under Fire For Tone of SBF Invitation
The crypto community is criticizing the U.S. House Committee on Financial Services leadership for the tone of its invitation to Sam Bankman-Fried (SBF).
FTX’s LedgerX is For Sale and Has Attracted Interest from at Least 10 Buyers
LedgerX, one of the few firms owned by FTX that is still operational, has attracted over ten investors willing to buy it from the bankrupt crypto exchange.
FTX Wallet With Over 154B LUNC Discovered, Is LUNC At Risk Of A Price Dump?
LUNC may be at risk of a dump as users discover 154B LUNC on an FTX-owned wallet.
Sam Bankman-Fried Addresses $8 Billion Balance Sheet Deficit, the Key Takeaway
In a recent Bloomberg interview, Sam Bankman-Fried (SBF), FTX former CEO, revealed the whereabouts of the funds. SBF said he showed investors a separate balance sheet at an emergency bailout.
