FTX Financial News

05.12 / 14:19

coinbase FTX events Sam Billionaire Founder of Coinbase Rejects Sam Bankman-Fried’s Account of Events, Says Funds Were ‘Stolen’

The CEO of the major crypto exchange Coinbase, Brian Armstrong, basically called the FTX founder Sam Bankman-Fried a liar, stating that the latter couldn't have possibly missed billions of 'extra' dollars showing up in the accounts.

05.12 / 09:41

business Investments FTX Swyftx Swyftx cuts 40% of staff as it braces against 'worst-case scenario'

Australian-based crypto exchange Swyftx has laid off a total of 90 staff members, which it said was in preparation for a “worst-case scenario” caused by the fallout of FTX and a potential fall in global trading volumes next year.

05.12 / 06:53

business FTX New York State Alameda ex-CEO Caroline Ellison spotted in New York, Twitter users claim

A recent photo of what appears to be former Alameda Research CEO Caroline Ellison in a Manhattan coffee shop in New York has been making the rounds on Twitter.

04.12 / 12:55

FTX Fried Sam elon Elon Musk Suggests Sam Bankman-Fried Donated More Than $1 Billion to Democrats – This is What Happened

Tesla, SpaceX, and Twitter CEO Elon Musk has suggested that Sam Bankman-Fried, founder and former CEO of FTX, could have donated as much as $1 billion to Democrats.

04.12 / 00:41

business Mining FTX Alameda Research invested $1.15B in crypto miner Genesis Digital: Report

Crypto mining company Genesis Digital Assets was the biggest venture investment made by Alameda Research, FTX's sister company and in the center of the exchange's bankruptcy. Documents disclosed by Bloomberg on Dec. 3 show that Genesis Digital raised $1.15 billion from Alameda in less than nine months.

03.12 / 20:05

business defi Gemini FTX Crypto lender Genesis Crypto lender Genesis allegedly owes $900M to Gemini's clients: Report

Crypto lender Genesis and its parent company Digital Currency Group (DCG) allegedly owes $900 million to Gemini's clients, according to a Financial Times report disclosed on Dec. 3 citing people familiar with the matter.

03.12 / 18:17

regulation FTX US Senator John Boozman Says Bitcoin is a Commodity, No Doubt About It – Here’s Why

U.S. Senator John Boozman (R-AR) has revealed that federal courts and the Securities and Exchange Commission (SEC) chairman view Bitcoin as a commodity.

03.12 / 00:05

regulation FTX Congress Dems and Reps join forces to pressure SBF to testify before Congress

The leadership with the United States House Financial Services Committee have separately called on former FTX CEO Sam Bankman-Fried to appear in an investigative hearing scheduled for Dec. 13.

02.12 / 16:35

cryptocurrency Ripple XRP FTX Moon XRP Price Prediction as $900 Million Trading Volume Comes In – XRP to the Moon?

XRP, the Ripple payment ecosystem’s native cryptocurrency, was last trading lower by about 1.8% on Friday in the run-up to the release of US jobs data, which analysts have said could cause volatility in cryptocurrency markets should it impact expectations for how much further the US Federal Reserve is going to lift interest rates. XRP/USD was last changing hands close to $0.39 per token and almost bang on its 200-Day Moving Average (DMA). Meanwhile, prices have been able to hold comfortably above the 21DMA in the low $0.38s.

02.12 / 15:43

Binance Exchange FTX Bitcoin Trump reserves Binance Hires Former Donald Trump Auditors For Proof of Reserves Effort

Major crypto exchange Binance has appointed the accounting firm Mazars, which worked for former US President Donald Trump’s company, to assist with its Proof of Reserves (PoR) effort.

02.12 / 08:55

business regulation Fraud FTX Jail Fried Mike Novogratz: Bankman-Fried is 'delusional' and headed to jail

Former FTX CEO Sam Bankman-Fried (SBF) has been lambasted this week following a series of controversial public appearances, with Galaxy Digital’s Mike Novogratz one of the latest to dish out a lashing to the former kingpin of crypto.

02.12 / 04:51

business FTX Bankruptcy FTX Japan drafts plan to return client funds

The Japanese subsidiary of the now-defunct FTX crypto exchange has come out with a roadmap to resume withdrawals, after confirming that its customers’ assets are not part of FTX's bankruptcy proceedings.

02.12 / 01:51

CFTC regulation FTX Senate hearing committee regulatory US Senate committee hearing on FTX fail brings gaps in regulatory authority to light

United States Commodity Futures Trading Commission chair Rostin Behnam told a Senate Agriculture, Nutrition, and Forestry Committee meeting Dec. 1 that his agency’s regulations contain “core elements that have served the markets for decades.” But as the fallout from the FTX collapse gets sorted out, notable gaps in current legislation have come to light, Behnam and the senators agreed.

01.12 / 20:29

markets Uniswap FTX DEX token Time DEX token GMX rallies 35% after beating Uniswap on trading fees for the first time

The price of GMX rallied to its second-highest level in history on Dec. 1 as traders assessed the decentralized exchange’s ability to evolve as a serious competitor to its top rival Uniswap.

01.12 / 18:59

business Adoption Real Estate FTX What is tokenization and how are banks tapping into its design principles?

Tokenization is the process of converting something with tangible or intangible value into digital tokens. Tangible assets like real estate, stocks or art can be tokenized. In a similar vein, intangible assets like voting rights and loyalty points can be tokenized, too. We see Avios as an example of tokenized loyalty points by the traditional credit card industry.

01.12 / 12:09

cryptocurrency FTX Fried Sam 'I screwed up,' says Sam Bankman-Fried. Top 10 quotes from first public appearance since FTX collapse

Sam Bankman-Fried, the fallen founder of cryptocurrency platform FTX, made his first public appearance on Wednesday since the collapse of the cryptocurrency firm last month. He said he “didn't ever try to commit fraud on anyone”. The 30-year-old lost his billionaire status overnight as his personal wealth plummeted nearly 94 per cent to $991.5 million in a single day. The fall in his fortune came after he announced that his crypto exchange was being bought by rival Binance. Binance later pulled out of the deal.

01.12 / 09:03

business Blockchain FTX The New York Times BlackRock CEO: FTX Token caused downfall, but tech still revolutionary

The CEO of the worlds largest asset management firm, BlackRock, believes that the reason why FTX failed is because it created its own FTX Token (FTT), which was centralized and therefore at odds with the “whole foundation of what crypto is.”

01.12 / 01:45

business FTX Fried Bankman-Fried claims: ‘I unknowingly commingled funds’ at DealBook Summit

Former FTX CEO Sam Bankman-Fried has claimed to have “unknowingly commingled funds” between Alameda and customer funds at FTX.

01.12 / 01:09

regulation FTX MICA committee FTX proves MiCA should be passed fast, officials tell European Parliament committee

The European Parliament Economic and Monetary Affairs Committee held a hearing on the "FTX cryptocurrency exchange collapse and implications for the EU" on Nov. 30. Three European monetary officials testified, talking about FTX, blockchain technology and crypto regulation in a “preliminary assessment of the events.”

30.11 / 18:19

markets solana FTX FTM price rebounds 50% as Fantom reveals 30 years runway (without having to sell its token)

Fantom (FTM) continued its upward momentum on Nov. 30 amid reports that the Fantom Foundation generates consistent profits and has 30 years of runway without having to sell any FTM tokens.

30.11 / 15:01

FTX Texas Democrat Beto O’Rourke Returned $1,000,000 Donation From FTX Founder Before Collapse – Here’s Why

American politician Beto O’Rourke reportedly returned a $1 million donation from the now-infamous founder of the failed FTX exchange Sam Bankman-Fried on November 4, four days before the US elections and a week before the exchange collapsed.

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