House Financial Services Committee to Call SBF to Testify on Exchange’s Failure and Practices

Key Takeaways FTX collapsed last week, shaking the crypto community’s faith in centralized custodians. Holding crypto in self-custody helps users reduce exposure to risky third parties...

Nestcoin, a Nigerian Web3 startup which got an investment from Alameda Research in 2021, revealed on Nov. 14 that it had “a significant proportion of stablecoin investment” stuck at FTX. According to the startup’s CEO, laying off some employees allows the company to focus on building a more decentralized crypto future. Using FTX as Custodian […]

Singapore’s state-owned investor Temasek announced that it has decided to write down its full investment in collapsed cryptocurrency exchange FTX, irrespective of the outcome...

In just a matter of days, FTX founder Sam Bankman-Fried went from crypto white knight to villain. His billion-dollar fortune has collapsed, making it one of the most shocking and sudden financial implosions in modern history. He is facing multiple investigations […]

The post FTX Crypto Money-Laundering? “We do have a relationship with the Ukrainian government for raising capital for them through cryptocurrencies that runs through FTX,” SBF Says appeared first on Tech News | Startups News.

The biggest news in the cryptoverse for November 16 includes Gemini halting withdrawals on its Earn program, Coinbase saying it has zero exposure to Genesis Trading, and Messari estimating that FTX investors may get back up to 50% of their funds after bankruptcy process.

The post CryptoSlate Wrapped Daily: SBF faces investor lawsuit in the US as Australia suspends FTX operations; LFG spent $2.8B on UST peg defense appeared first on CryptoSlate.

2022 has seen more than a few once-revered industry figures fall from grace, but none has blazed out more spectacularly than Sam Bankman-Fried. The sheer extent of his financial woesand...

Decentralized exchange Uniswap became the second-largest exchange for Ethereum trading in the last 24 hours, beating out Coinbase and paving the way for non-custodial exchanges in the wake of collapsed[...]

The post Uniswap Beats Coinbase to Become Second Largest Venue for ETH Trading appeared first on Unchained Podcast.

In a dramatic turn of events, FTX filed for bankruptcy protection in the United States, with CEO and founder Sam Bankman-Fried resigning from his role. This was after Binance pulled

The post The FTX Collapse: Sam Bankman-Fried’s Dramatic Fall From Grace appeared first on Fintech Singapore.

By Cornelius Christian   FTX, once the third largest crypto exchange by trading volume, collapsed over the past week as its native token, FTT, lost over 80 percent of its value. The firm has now filed for Chapter 11 bankruptcy protection, and its collapse could impact the entire crypto sector, said Ran Neuner, Host and […]

The post FTX collapse could mean ‘cascade’ of failures in crypto sector appeared first on Fintech News.

Following the filed Chapter 11 bankruptcy from FTX, the wrapped tokens issued by the crypto exchange or its sister trading shop Alameda Research have now undergone a price decline. (Read More)

Israel is bolstering the power of its ground forces based on Ukraine war lessons, a senior officer says. The IDF is getting ready...