“There is no sugarcoating it: the FTX collapse has been a dumpster fire,” said House Financial Services Committee ranking member Patrick McHenry.
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Month: November 2022
Crypto skeptic Brad Sherman: Federal financial regulators ‘sound like Sam Bankman-Fried’
The U.S. lawmaker suggested four financial regulatory heads had done little to address “crypto billionaire bros” using digital assets for the evasion of sanctions and […]
BTC losses get real as Bitcoin SOPR metric hits lowest since March 2020
Sale price versus price paid diverges the most in over two years since the last Bitcoin “black swan” event.
Bitcoin price hits $17K on US PPI as trader warns of ‘final capitulation’
Plenty of uncertainty about the future remains for the price of Bitcoin amid fresh signs that U.S. inflation is slowing.
Bitcoin miners send less BTC to exchanges since 2020 halving despite FTX
FTX volatility only resulted in a brief uptick in miner sales on exchanges, with the trend already returning to normal.
FTX Bitcoin stash worth same as Mt. Gox 840K BTC before hack
The infamous Mt. Gox Bitcoin hack cost the same in U.S. dollar terms as FTX emptying its 20,000 BTC balance.
Bitcoin price dips to $16.4K over Genesis woes as execs defend GBTC
The latest casualty of the FTX meltdown raises concerns over the Grayscale Bitcoin Trust institutional investment fund.
Ethereum price weakens near key support, but traders are afraid to open short positions
ETH price hovers at a key support level and while it is softening, data shows pro traders are reluctant to go short.
DeFi platforms see profits amid FTX collapse and CEX exodus
On-chain data flashed positive for DEXs and an increase in protocol revenue, even as markets corrected due to FTX’s insolvency.
Island nation turns to metaverse to preserve its disappearing heritage
The island of Tuvalu said it plans to build a digital version of itself in order to preserve its history as it faces erasure due […]