Summary: FTX, Sam Bankman-Fried’s trouble cryptocurrency exchange, might lose its European digital asset license as Cyprus regulators mull the decision in the wake of spreading contagion. In July, the Cyprus Securities and Exchange Commission (CySec) approved FTX for an “operational license”. The regulatory nod allowed SBF’s exchange to offer its...
Summary: FTX CEO Sam Bankman-Fried tweeted apologies to FTX users and an update to the crypto community as the crypto exchange sinks deeper into a liquidity crunch and withdrawals remain paused. Withdrawal pressure mounted on the Bahamas-based exchange after Binance CEO Changpeng Zhao announced plans to unwind around $2.1 billion...
Tron founder Justin Sun is the latest to offer a solution for the FTX exchange. The crypto entrepreneur said on Twitter that a solution was being put together with FTX to initiate a path forward. He also revealed that TRX trading on FTX had resumed, with withdrawal services being worked...
Senator Elizabeth Warren has once again issued a statement calling for an aggressive regulatory stance towards the cryptocurrency industry. Warren took to Twitter to address the recent FTX debacle, further stating how she will continue to push the US Securities and Exchange Commission to establish proper laws and regulatory measures...
Binance’s CEO, Changpeng Zhao, took to Twitter to share a note addressing the recent developments in the crypto industry. CZ later shared that the acquisition of FTX should not be dubbed a victory for Binance. He later added how the recent FTX-Alameda developments have shaken up user confidence and faith...
Crypto market analysts continue to dissect the finances of FTX and are pointing to on-chain data to show that the exchange allegedly bailed Alameda out. Lucas Nuzzi, head of R&D at CoinMetrics, reported that he might have found evidence of FTX bailing Alameda Research out in Q2. Nuzzi showed that...
