Regulation
Binance chief says FTX bailout deal ‘didn’t make sense’
Changpeng Zhao, founder of the world’s largest crypto exchange, said its earlier pledge to acquire FTX fell through partially due to regulatory concerns.
Timmy Shen
Forkast
Regulation
Changpeng Zhao, founder of the world’s largest crypto exchange, said its earlier pledge to acquire FTX fell through partially due to regulatory concerns.
Timmy Shen
Altcoins
Crypto exchanges and lending platforms are starting to use the dreaded F word for Freeze amid worries about the possible collapse of FTX.com, part of one of the world’s biggest cryptocurrency trading networks.
Dylan Butts
Regulation
FTX Japan, the Japanese arm of the embattled crypto exchange FTX.com, said on Friday it has resumed yen withdrawals after the country’s Financial Services Agency (FSA) ordered the exchange on Thursday to suspend operations and put together a “business improvement plan.”
Pradipta Mukherjee
Bitcoin News
While FTX’s cash crunch has rattled global markets and investors, a White Knight investor could quickly turn the tide for the company, O’Leary told Forkast in an interview.
Lachlan Keller
Market Analysis
Bitcoin and Ether strengthened in Friday afternoon trading in Asia, reversing some of Wednesday’s and Thursday’s sharp losses. All other top 10 cryptocurrencies by market capitalization, excluding stablecoins, also increased.
Oisin Mcilroy
Regulation
Three more companies and organizations have requested to weigh in on the ongoing lawsuit the SEC filed in 2020 against Ripple.
Timmy Shen
Regulation
The following is a running compilation of views and comments on the possible short- and long-term outcomes of FTX’s liquidity crunch.
Danny Park
Crypto Trading and Strategies
Sam Bankman-Fried says FTX US is insulated from FTX.com's liquidity crunch, but the American-based platform could freeze trading in the next few days.
Dylan Butts
Regulation
US regulators want to know more about what Binance discovered when it took a look at FTX's books, and then canceled a bailout deal.
Ningwei Qin
Regulation
The state of California has launched an investigation into the 'apparent failure' of crypto asset platform FTX.
Danny Park
Bitcoin News
Bitcoin rose on Friday in Asia along with Ether and most other major tokens, reversing a three-day slump as the Consumer Price Index (CPI) released Thursday showed inflation in the U.S. slowed in October.
Lachlan Keller
Regulation
The Securities Commission of the Bahamas has frozen assets of FTX and related parties, and has suspended its registration.
Danny Park
Bitcoin News
Sam Bankman-Fried sent his first series of tweets since Binance announced and then scrapped an offer to buy his cash-strapped cryptocurrency exchange. He apologized, acknowledged mistakes and said he will do right by FTX users.
Lachlan Keller
Regulation
FTX Japan was ordered by the country’s Financial Services Agency (FSA) to suspend operations until Dec. 9 and put together a “business improvement plan.”
Zoltan Vardai
Crypto Trading and Strategies
There are not many white knight investors that are large enough to bail out the embattled crypto exchange, industry insiders say.
Timmy Shen
Bitcoin News
Bitcoin gained 5% after the U.S. Bureau of Labor Statistics reported that the consumer price index (CPI), a key inflation indicator, rose 0.4% in October from September. CPI was up 7.7% from a year earlier, less than the expected 7.9%, and down from 8.2% in September. October’s CPI recorded the smallest 12-month increase since January.
Pradipta Mukherjee
Crypto Trading and Strategies
A portion of the bailout package worth at least US$4 billion that FTX's Sam Bankman-Fried sent to Alameda Research was allegedly comprised of customer funds.
Zoltan Vardai
Crypto Trading and Strategies
Over 5.2 billion stablecoins left crypto exchanges on Wednesday, the most in five months, on-chain data showed.
Timmy Shen
Regulation
The FTX.com unraveling has prompted crypto industry leaders to demand clearer rules of the road for trading digital assets.
Pradipta Mukherjee
Bitcoin News
Venture capital firm Sequoia Capital has written down its entire US$213.5 million investment in FTX, the company revealed in a tweet on Thursday.
Oisin Mcilroy