FTX failed because of humans, not crypto
Human greed and deception led to FTX’s fall. That’s why the antidote is not more regulations but could be found in blockchain’s original promises, writes Marieke Flament, CEO of NEAR Foundation.
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S.Korea examines exchange native tokens after FTX meltdown
S.Korean authorities are looking into self-issued cryptocurrencies that may exist within local exchanges following FTX.com’s FTT-led liquidity crisis.
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FTX owes US$3.1 billion to top 50 unnamed creditors, court filing shows
Collapsed cryptocurrency exchange FTX Trading Ltd. and its affiliates owe their 50 largest creditors about US$3.1 billion, according to a court filing. The creditors were not named.
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Input Output announces privacy-centric blockchain and token on Cardano
Input Output Global Inc. (IOG), the firm behind the Cardano blockchain, is releasing a new data-protection and privacy-centric blockchain and accompanying token.
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Man Group plans crypto hedge fund despite FTX, market turmoil: report
The world’s largest publicly traded hedge fund manager, Man Group Plc, plans to launch a cryptocurrency exclusive fund.
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South Korea, Singapore, Japan biggest users of FTX pre-collapse, says CoinGecko
South Korea, Singapore and Japan were the biggest users of FTX.com based on the number of monthly unique visitors from January to October 2022
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FTX, Alameda failures likely triggered by Terra-Luna collapse, says blockchain analytics firm Nansen
FTX’’s failure to keep its sister company Alameda Research solvent was likely attributed to the liquidity crunch brought on by the Terra-LUNA collapse, according to Nansen.
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Taiwan’s top three crypto exchanges say operations unaffected amid FTX fallout
Taiwan’s three largest cryptocurrency exchanges have said their operations were unaffected by the fallout of FTX and will work to release proof of assets as soon as possible.
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Ethereum software developer ConsenSys co-launches Ethereum Climate Platform at COP27
Core Ethereum contributor ConsenSys co-launched the Ethereum Climate Platform (ECP) at the COP27 climate change conference in Egypt.
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HK crypto over-the-counter service Genesis Block to end trading: Reuters
Genesis Block, a cryptocurrency over-the-counter trading service in Hong Kong, will close its trading portal on Dec. 10, Reuters reported on Friday citing an email the company sent to customers.