Altcoins
FTX files for bankruptcy, Sam Bankman-Fried steps down as CEO
FTX.com, FTX US and 130 additional affiliates have filed for bankruptcy, its new CEO John J. Ray III says.
Timmy Shen
Contributor
Timmy Shen
Timmy Shen is a Taipei-based journalist at Forkast. Previously, he wrote for Caixin Global and TechNode, covering topics ranging from fintech to fan economy. He also cares about LGBT+ issues and is a shabu shabu fanatic. Timmy holds an MS degree from Columbia Journalism School.
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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
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Regulation
SEC gets more support in XRP lawsuit against Ripple
Three more companies and organizations have requested to weigh in on the ongoing lawsuit the SEC filed in 2020 against Ripple.
Timmy Shen
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Crypto Trading and Strategies
Industry reacts: FTX bankruptcy fears rise after Binance scraps rescue
There are not many white knight investors that are large enough to bail out the embattled crypto exchange, industry insiders say.
Timmy Shen
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Crypto Trading and Strategies
Crypto exchange outflows rise amid FTX fiasco
Over 5.2 billion stablecoins left crypto exchanges on Wednesday, the most in five months, on-chain data showed.
Timmy Shen
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Crypto Trading and Strategies
Crypto exchanges see more withdrawals over fears of FTX liquidity
Large volumes of stablecoins moved out of exchanges, including KuCoin, OKX, Kraken, Huobi and Binance over the past week.
Timmy Shen
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Advanced Blockchain Technologies
Japan’s NTT Docomo to develop Web 3.0 with Accenture, Astar Network
NTT Docomo, Japan’s largest mobile phone operator, has partnered information technology firm Accenture and blockchain infrastructure Astar Network to explore Web 3.0 adoption.
Timmy Shen
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Bitcoin News
Bitcoin miner Riot Blockchain’s stock drops amid widening Q3 losses
Stocks of Nasdaq-listed Riot fell 4.87% in pre-market trading on Tuesday, after U.S. Bitcoin miner Riot Blockchain on Monday reported weaker revenues in the third quarter of this year.
Timmy Shen
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Altcoins
Alameda says ‘wasn’t us’ amid speculation about BitDAO’s 20% plunge
BitDAO, or BIT, the token supported by crypto exchange Bybit, dropped more than 20% within an hour at one stage around noon on Tuesday in Asia.
Timmy Shen
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Regulation
SEC gets more time to file reply briefs in XRP lawsuit against Ripple
The U.S. SEC has received approval from the court to extend the time for all parties to submit reply briefs, in the ongoing lawsuit the SEC filed in 2020 against Ripple.
Timmy Shen
