Solana Crashes 55% in November but NFT Trades Still Booming
Solana has been on a downtrend since the collapse of FTX, as investors have been selling their <a href="https://cryptoslate.com/coins/solana/">SOL</a> holdings due to its connection with the Sam Bankman-Fried crypto empire.
World’s Largest Asset Manager BlackRock Chief Executive Says More Crypto Firms Will Fall Following FTX Collapse
Larry Fink, the CEO of BlackRock. Source: A video screenshot, Youtube/CNBC
Bankman-Fried-Backed Bill To Feature in Congress’ First FTX Hearing
The regulatory legislation supported by embattled former FTX CEO Sam Bankman-Fried will be back in the spotlight during the first congressional hearing on FTX’s collapse.
Miami Nightclub Owners Mourn The Lack of Crypto Rich Customers as Market Prices Crash
Miami nightclub owners are facing slumping sales and dwindling revenue as the crypto rich are veer away from entertainment venues amid the recent collapse of FTX and the broader crypto market downturn.
Sam Bankman-Fried Points Blame for FTX Collapse to Alameda, Says He Was Blindsided
Sam Bankman-Fried, former chief executive officer of failed cryptocurrency exchange FTX, seemed to point to the activities of his company’s brokerage arm as the reason his business collapsed, when he spoke at the New York Times DealBook Summit on Wednesday.
Sam Bankman-Fried Explains FTX-Alameda Relationship
Former FTX CEO Sam Bankman-Fried is under scrutiny by prosecutors over the relationship between crypto exchange FTX and trading firm Alameda Research. SBF has reportedly made customers wire transfer money to FTX through <a href="https://coingape.com/just-in-ftx-alameda-research-contagion-could-spread-to-these-banks/" target="_blank">Alameda bank accounts at Silvergate</a> and other banks.
SBF Unveils His journey From Crypto “Poster Child” To Indulge In Fraud
Former FTX CEO Sam Bankman Fried in a recent appearance at the Dealbook summit discusses his journey from once hailed as the poster child of responsible crypto to facing fraudulent charges over FTX collapse. Notably, after media reports disclosed anomalies in the company’s balance accounts. On November 11, the FTX applied for Chapter 11 bankruptcy protection in Delaware.
BlackRock CEO: FTX Token Caused Downfall, but Tech Still Revolutionary
The CEO of the worlds largest asset management firm, BlackRock, believes that the reason why FTX failed is because it created its own FTX Token (FTT), which was centralized and therefore at odds with the “whole foundation of what crypto is.”
Legal Professionals Astonished as SBF Admits Failures, Apologizes 12 Times in Interview
n a wide-ranging video interview, Bankman-Fried was asked to answer a number of questions surrounding the downfall of the now-defunct exchange, with some even suggesting that some of his statements could be used to incriminate him in legal proceedings. In a Nov. 30 Twitter post, crypto attorney Jeremy Hogan, Partner at Hogan & Hogan said that the “light cross-examination” of Bankman-Fried at the DealBook Summit has already returned “at least 3 incriminating statements so far.” (Cointelegraph)
Digital Asset Research (DAR) Announces Five Crypto Exchange Vetting Best Practice Areas
As FTX fallout spreads, DAR highlights digital asset exchange diligence assessment factors for institutions.
