FTX

Binance (CRYPTO: BNB) CEO Changpeng Zhao has said that transaction fees account for 90% of the company's earnings. In order to provide a cleaner experience, Binance had eliminated all advertisements from the data site CoinMarketCap, which it had purchased in 2020, Zhao says. "We can turn...

Maple Finance has severed ties with Orthogonal Trading, which claimed to be “operating while effectively insolvent.” Turns out, Orthogonal had accrued obligations of more than $30 million. According to M11 Credit and Maple Finance, Orthogonal Trading had misrepresented its financial...

Chamath Palihapitiya, a billionaire venture capitalist, said that the now-defunct crypto exchange FTX (CRYPTO: FTT) was a gargantuan “financial fraud” which had a consequence for tens of millions of individuals. What Happened: In a recent conversation on the "All-In Podcast,...

Sen. Elizabeth Warren (D-Mass.), Sen.John Kennedy (R-La.) and Sen.Roger Marshall (R-Kan.) have questioned cryptocurrency-friendly bank Silvergate Capital Corp (NYSE: SI) about its possible involvement in enabling transfers between the now-bankrupt...

JPMorgan Chase & Co (NYSE: JPM) CEO Jamie Dimon trashed cryptocurrencies in the wake of the FTX fallout and slammed media companies for giving crypto too much attention.  "Crypto is a complete sideshow and you guys spend too much time on it," Dimon said Tuesday on CNBC...

The U.K. government is set to announce new regulations governing the marketing and selling of Bitcoin (CRYPTO: BTC) and other crypto assets. This would allow regulators to have an increased authority to oversee the industry, including a crackdown on promotions for digital currencies by companies...

Since FTX filed for bankruptcy, Litecoin (CRYPTO: LTC) has outperformed all other cryptocurrencies, rising 57% compared to Ethereum (CRYPTO: ETH), which rose 12%, and Bitcoin (CRYPTO: BTC), which gained just 3%. What Happened: The rally can be attributed to the upcoming LTC halving in mid-2023 when...

Goldman Sachs (NYSE: GS) is reportedly planning to invest "tens of millions of dollars" into crypto firms that have been adversely affected by the collapse of crypto exchange FTX. What Happened: Goldman Sachs is doing the due diligence on a few crypto businesses affected by the FTX...

U.S. House Financial Services Committee Chair Rep. Maxine Waters (D-Calif.) has publicly criticized Sam Bankman-Fried, the former CEO of FTX (CRYPTO: FTT), for saying on Twitter that he would testify after “learning and reviewing what happened” at the exchange. What Happened: ...

Genesis owes at least $1.8 billion to its creditors, according to multiple media reports. The troubled crypto trading and lending company owes users of Gemini's Earn program $900 million and another $900 million to a group of assorted debtors represented by law firm Proskauer Rose. Another ad...

Major cryptocurrency exchange KuCoin has hired auditor Mazars to confirm its proof of reserves in a third-party factual findings report, days after rival exchange Binance did the same. According to a statement on KuCoin's official blog, Mazars will provide information on whether KuCoin's in...

Ethereum (CRYPTO: ETH)  co-founder Vitalik Buterin has suggested that the cryptocurrency community should concentrate on the technology and applications rather than the prices of cryptocurrencies. What Happened: On Sunday, CoinMamba, a self-proclaimed crypto investor said on Twitter, "...

Coinbase Global (NASDAQ: COIN) CEO Brian Armstrong harshly criticized Sam Bankman-Fried, suggesting that the discrepancy on FTX's balance sheet was caused by the misappropriation of customers' funds. "It's stolen customer money used in his hedge fund, plain and...

Twitter CEO Elon Musk said FTX founder Sam Bankman-Fried’s donations in support of Democrats’ election endeavors could be over $1 billion. What Happened: Musk made his comments while responding to a tweet from Will Manidis, the CEO of ScienceIO, a healthcare  AI...

Sam Bankman-Fried, the founder of FTX (CRYPTO: FTT), said in a tweet on Sunday that he intends on testifying before the U.S Committee once he finished "learning and reviewing"  the events that resulted in the crash of the now-defunct cryptocurrency exchange. What Happened: The U.S....