FTX

An attorney for the U.S. Department of Justice has proposed that Sam Bankman-Fried should have restricted access to the internet as part of his bail conditions, according to recent court filings. Bankman-Fried is the founder of FTX, a bankrupt cryptocurrency exchange, and is facing charges of...

Bitcoin (CRYPTO: BTC) lost 5% within only an hour late on Thursday due to the panic surrounding Silvergate Capital (NASDAQ: SI) followed by an intensive sell-off in the crypto market. What Happened: According to data analytics firm Santiment, it's been 4 months since Bitcoin saw...

FTX Trading Ltd. and its affiliated debtors have revealed there are major shortfalls in the fiat bank accounts and digital asset wallets associated with the FTX.com and FTX.US exchanges. The company announced Thursday that it met with the Official Committee of Unsecured Creditors to discuss...

The pain from the FTX collapse spreads further than the FTX users and shareholders. Founder and CEO Sam Bankman-Fried is intertwined throughout much of the crypto ecosystem.  With direct investment alone, FTX ventures and Alameda research are invested in over 250 crypto startups. Notable...

Shares of cryptocurrency-focused Silvergate Capital Corp (NYSE: SI) fell off of a cliff Thursday, plummeting 45% on its warning of a delay in its annual report and concerns over its ability to operate as a going concern. This comes after the bank reported a staggering $1 billion loss for the fourth...

After the industry meltdown, U.S. payment giants Visa Inc (NYSE: V) and Mastercard Inc (NYSE: MA) paused plans to forge new partnerships with crypto firms. Both Visa and Mastercard postponed the launch of certain products and services related to crypto until recovery of the...

Former FTX engineering director Nishad Singh has agreed to plead guilty to criminal charges brought by U.S. prosecutors as part of an investigation into the inner circle of FTX founder Sam Bankman-Fried. Bankman-Fried was charged with fraud and conspiracy in December, with...

Robinhood Markets Inc. (NASDAQ: HOOD) revealed it is currently facing an investigation by the U.S. Securities and Exchange Commission (SEC) regarding its cryptocurrency business. What Happened: According to a regulatory filing released on Monday, the Menlo Park-based brokerage received a...

Daily trading volume for Bitcoin (CRYPTO: BTC) has seen a consistent increase in 2023 compared to last year, according to a recent research report. Published by Kaiko, the report stated the daily trade volume for BTC dipped to yearly lows towards the end of 2022 due to poor sentiment among...

Animoca Brands chairman and web3 investor Yat Siu is urging marketplaces to support creator royalties. Artists and crypto creatives should have the autonomy to set their own terms without needing permission from larger players, Siu told The Block at NFT Paris. Siu is also critical of models that...

Australia's securities regulator, the Australian Securities and Investments Commission (ASIC), has initiated a "targeted review" of Binance, the world's largest cryptocurrency exchange.  What Happened: The review focuses on Binance's local derivatives business, including...

The FTX Collapse Analysis On November 8th, 2021 customer withdrawals were frozen on FTX, the world's second-largest cryptocurrency exchange. Shortly thereafter, the company filed for chapter 11 bankruptcy. Sam Bankman-Fried, founder and CEO of the exchange, was arrested by authorities in the...

Solana (CRYPTO: SOL), like other cryptocurrencies, experienced the fallout in the crypto markets in 2022. But its technical fundamentals remained strong despite the collapse of FTX, which had an inordinate impact on the blockchain's ecosystem, according to a recent research report by Coinbase....

FTX founder Sam Bankman-Fried is facing new charges in a federal indictment that accuses him of engaging in conduct that led to his cryptocurrency exchange's collapse. The indictment, which was unsealed on Thursday, includes 12 criminal counts, up from the previous eight, and includes...

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