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” FTX downfall was a turning point for citizen journalism: Coinbase CEO “ Coinbase CEO and co-founder Brian Armstrong have applauded the work of citizen journalists and blockchain analysts surrounding the unfolding FTX crisis and its former CEO Sam Bankman-Fried. In a Nov. 16 tweet that has been retweeted over 9,000 times at the time…
” Circle marks a possible $3B loss from Binance stablecoin conversions “ Circle, the company behind the issuance of USDC Coin (USDC) said recent events have caused it to miscalculate its financial projections — referring to the collapse of FTX and a decision by rival exchange Binance. In September, crypto exchange Binance announced it will auto-convert USDC…
” Exchanges delist FTX Token pairs from trading platforms “ As the FTX collapse continues to cause turmoil in the crypto industry, various crypto exchanges have delisted FTX Token (FTT) on their platforms. In an announcement, crypto exchange Binance highlighted that it had removed the FTT/BTC, FTT/BNB, FTT/ETH and FTT/USDT trading pairs on its platform…
” FTX collapse is Trust Wallet Token’s gain — Why did TWT price soar 150% in six days? “ Trust Wallet Token (TWT) has surged by nearly 150% in the last six days, bucking the downturn in the cryptocurrency market, whose net capitalization has crashed by almost $100 billion in the same period. TWT whale…
” FTX collapse followed by an uptick in stablecoin inflows and DEX activity “ On-chain data from Glassnode show Bitcoin’s (BTC) movements hit a new record for the largest net decline in aggregate BTC balances on exchanges, reducing by 72,900 BTC in one week. A similar movement occurred in April 2020, November 2020 and June…
” CZ and Saylor urge for crypto self-custody amid increasing uncertainty “ Industry heavyweights have urged crypto investors and traders to self-custody their crypto assets amid the significant market uncertainty brought on by the collapse of FTX. In a Nov. 13 tweet to his 7.6 million followers, Binance CEO Changpeng “CZ” Zhao pushed the crypto…
” Vitalik Buterin calls out FTX for virtue signaling: ‘deserves what its getting’ “ The sudden fall of FTX revealed the need for fresh reforms aimed at protecting investor funds against manipulation and misdirections. The co-founder of Ethereum, Vitalik Buterin, believes what FTX did was a bigger fraud when compared to the infamous Mt. Gox…
” Binance CEO CZ on FTX crash: “We’ve been set back a few years” “ Crypto exchange FTX joined many other fallen projects — including Terra (LUNA), 3AC, Celsius and Voyager — in filing for bankruptcy in 2022. Owing to the devastation caused by multi-billion dollar losses suffered by businesses and investors, the man running…
” Cathie Wood’s ARK adds $12.1M in Coinbase shares amid turbulent markets “ Amid the FTX and crypto market chaos, Cathie Wood-led Ark Investments has increased its Coinbase (COIN) holdings with a purchase of 237,675 COIN shares worth about $12.1 million on Nov. 9. Of the 237,675 COIN shares, Ark Investment Management added 207,527 shares…
” Binance shares wallet addresses and activity after proof of reserve pledge “ In light of the FTX liquidity crisis and the almost-acquisition by Binance, Binance CEO Changpeng “CZ” Zhao assured his community that his network would provide full transparency on asset holdings. On Nov. 10, Binance published a new page titled “Proof of Assets” on…