Former FTX CEO Sam Bankman-Fried has finally broken his silence to start a conversation regarding ‘where we are today.’ Following a series of cryptic tweets spelled out ‘What happened,’ SBF has now sent a tweet stating that he will “get to what happened, But for now, let’s talk about where we are today.” 11) I’ll…
Former FTX CEO Sam Bankman-Fried (SBF) appeared to end a day-long cryptic tweet thread with standard disclaimers and a reference to poor memory. The problem is, the community is still none the wiser about what any of it means. 10) [NOT LEGAL ADVICE. NOT FINANCIAL ADVICE. THIS IS ALL AS I REMEMBER IT, BUT MY…
BlockFi has responded to the controversies surrounding FTX and its reported connection to the embattled cryptocurrency exchange in a recent statement to its users. The crypto firm denied allegations that most of its assets are on FTX and described the rumor as “false.” Though BlockFi admitted that it has a “significant exposure” to the exchange….
A Twitter spat erupted as Input Output CEO Charles Hoskinson commented over alleged SEC corruption, deriding the claim that the securities regulator singled out Ripple and the XRP token. John E. Deaton started the thread, asserting the lack of regulatory clarity on cryptocurrencies is an own goal for the U.S. This train of thought moved…
FTX collapse has birthed renewed interest in self-custody among retail users, as many are now moving their Bitcoin (BTC) to cold wallets. Glassnode data, as analyzed by CryptoSlate, showed that retailers are taking out their coins from exchanges at the most aggressive rate, with the withdrawals coming mostly from Crypto.com. Retail Bitcoin Withdrawals (Source: Glassnode)…
Confidence in centralized exchanges seems to have reached a new low following the FTX fallout. Trading volumes across all exchanges have experienced a vertical drop over the weekend, as users rush to withdraw their tokens from custodial wallets provided by the platforms. Data analyzed by CryptoSlate showed a drastic drop in Bitcoin’s real trading volume….
Binance CEO Changpeng Zhao said the company hasn’t experienced any serious side effects from the FTX fallout. During an AMA on Twitter Spaces, CZ addressed burning questions from users and community leaders, noting that it’s been business as usual at the exchange. When asked about the proposed recovery fund aimed at mitigating the effects of…
The Monetary Authority of Singapore (MAS) stated that the bankrupt crypto exchange FTX does not operate in the country, Wu Blockchain reported on Nov. 14. The Monetary Authority of Singapore (MAS) response to the FTX incident: https://t.co/VMoN0hPYvm pic.twitter.com/HizRtXXNvw — Wu Blockchain (@WuBlockchain) November 14, 2022 The report noted that the embattled exchange was “neither licensed…
Prominent crypto exchanges Kraken, Coinbase and Gate.io became the first exchanges to publish proof-of-reserves, including liabilities, as part of their audits. Following the collapse of the FTX, Binance’s CEO Changpeng Zhao suggested that all exchanges should provide Merkle-tree proof-of-reserves. Despite Binance initiating the movement, it has not included its liabilities in its proof-of-reserves. Other exchanges…
El Salvador’s President Nayib Bukele took to Twitter to proclaim the Bitcoin protocol as the opposite of FTX and likened FTX to a Ponzi scheme in the wake of the exchange’s collapse on Nov. 14. Bukele, a staunch promoter and believer of Bitcoin, said the flagship crypto was designed to prevent Ponzi schemes, bank runs,…