BlockFi Files for Bankruptcy, Coinbase and MetaMask Against Apple Tax | Cointime Weekly Nov.27 – Dec.03
SBF had his first public interview after FTX collapse; Telegram to build crypto exchange; Brazilian congress passes crypto bill; Binance acquires Japanese crypto exchange Sakura; understanding key risks associated with stablecoins.
FTX’s LedgerX Is Up for Sale, Would-Be Buyers Including Blockchain.com and Gemini
LedgerX, one of the few solvent pieces of Sam Bankman-Fried’s crumbled FTX empire, is for sale and attracting interest from would-be buyers including crypto giants Blockchain.com and Gemini, according to people familiar with the matter.
Projects Benefited by FTX Collapse, Especially the Ones Potentially Attracting the Next Cycle’s Big Money
FTX's downfall strengthens the case for decentralization. Why settle for those shady and non-transparent exchanges if there are alternatives on-chain? Let’s explore.
Singapore Had No Aspirations to Hub Crypto Activities, Says Deputy Prime Minister
Following FTX’s fallout, Singapore’s Deputy Prime Minister said the nation had no aim of becoming a crypto hub but rather a responsible digital asset player.
Tether Co-founder Says Sam Bankman-Fried Should End Up in Jail
Tether co-founder Reeve Collins said he and other cryptocurrency industry members were shocked by the collapse of FTX.
FTX’s Collapse Isn’t Just About Fraud, It’s About What Happens When You Live Inside the Crypto Bubble
This was not the behavior of a cynic. It was the behavior of a true believer, even if all he believed in was that the crypto bubble would never really burst.
Democrats and Republicans Join Forces to Pressure SBF to Testify Before Congress
In Dec. 2 posts on Twitter, House Financial Services Committee chair Maxine Waters, a Democrat, and ranking member Patrick McHenry, a Republican, <a href="https://twitter.com/RepMaxineWaters/status/1598693811252875264" target="_blank">requested</a> SBF speak at a hearing aimed at investigating the events around the collapse of FTX. It’s unclear if the U.S. lawmakers intended the former FTX CEO to appear in person or remotely from the Bahamas.
FTX Crash Could Affect Every F1 Team, Says Mercedes CEO Toto Wolff
Toto Wolff – an Austrian billionaire and CEO of the Mercedes-AMG Petronas F1 Team – thinks the collapse of crypto exchange FTX could harm every Formula 1 organization. “Every team has sponsors like that, and so does the Formula 1 organization as such. So everyone would be affected.”
FTX’s Venture Arm Alameda Invested Over a Billion in Bitcoin Mining Firm
FTX and Alameda <a href="https://ambcrypto.com/heres-the-good-news-in-a-post-ftx-collapse-world/" target="_blank">breakdown</a> controversies continue to hit the spotlight in the cryptosphere. The latest revelation gives insight into Alameda’s investments. According to a <a href="https://www.bloomberg.com/news/articles/2022-12-02/alameda-bet-big-on-crypto-miner-genesis-digital-before-sector-implosion?utm_campaign=socialflow-organic&utm_medium=social&utm_source=twitter&utm_content=crypto&leadSource=uverify%20wall" target="_blank">report</a> by Bloomberg, FTX’s venture arm had high hopes for <a href="https://ambcrypto.com/will-bitcoin-mining-expansion-help-btc-recover-this-month/" target="_blank">Bitcoin mining</a> as it invested as much as $1.15 billion in Genesis Digital Assets in four funding rounds.
US Regulator CFTC Met With Sam Bankman-Fried 10 Times Before Crypto Exchange FTX Collapsed
The chairman of the Commodity Futures Trading Commission (CFTC) has revealed that he and his team met with Sam Bankman-Fried and other FTX executives 10 times before the crypto exchange filed for bankruptcy. The regulator sees the FTX collapse as “a classic run based on liquidity crunch.”
