SEC Chair Gensler Discusses Crypto Regulation Following FTX Collapse — Says This Field Is ‘Significantly Non-Compliant’
Crypto News Exchange
by JohnB
1y ago
By Kevin Helms The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined two paths the agency is taking to regulate the crypto industry. Meanwhile, a U.S. congressman is investigating whether Gensler helped FTX CEO Sam Bankman-Fried and his bankrupt crypto exchange on legal loopholes to ..read more
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Soccer Superstar Lionel Messi Joins NFT Game Sorare as Investor and Brand Ambassador
Crypto News Exchange
by JohnB
1y ago
By Sergio Goschenko Lionel Messi, one of the biggest Argentine soccer superstars, has announced his participation as an investor and brand ambassador in Sorare, an NFT (non-fungible token) game. Sorare hopes that Messi’s presence will improve the way in which the company relates to users, setting new standards in this ..read more
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From $26 Billion to Nothing: The Rise and Fall of SBF and FTX
Crypto News Exchange
by JohnB
1y ago
By Andrew Hayward,Kate Irwin Sam Bankman-Fried’s net worth evaporated this week alongside his businesses—and apparently billions’ worth of customer assets.       ..read more
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LBank Labs Establishes Blockchain and Crypto Investment Fund to Support the Development of Web3 in Africa
Crypto News Exchange
by JohnB
1y ago
By Media PRESS RELEASE. Internet City, Dubai, Nov. 11th, 2022 — Blockchain Crypto Investment Group, LBank Labs, announces the establishment of their new crypto investment fund targeted towards web3 development in Africa. LBank Labs plans to establish a series of regional development funds, including regions such as Korea, South East ..read more
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‘Like a 1930s Dictator’: Vitalik Buterin Lays Into Sam Bankman-Fried and FTX
Crypto News Exchange
by JohnB
1y ago
By Mathew Di Salvo FTX’s ignominious collapse was inevitable, Ethereum co-founder Vitalik Buterin said at LaBitConf Friday.       ..read more
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Crypto.com Holds 20% of Its Reserves in Meme Token SHIB
Crypto News Exchange
by JohnB
1y ago
By Mathew Di Salvo Amid questions over holdings, Crypto.com shares its data—and a major meme token makes up a big chunk of its reserves.       ..read more
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FTX Spent Hundreds of Millions of Dollars on Sports Marketing on Road to Bankruptcy
Crypto News Exchange
by JohnB
1y ago
By Daniel Roberts,Andrew Hayward FTX signed sports deals worth $375 million—and that’s just the deals with publicly reported price tags. Now it has filed for Chapter 112 bankruptcy.       ..read more
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Silvergate Capital says FTX reflects less than 10% of its total deposits from digital asset customers
Crypto News Exchange
by JohnB
1y ago
By Josh O’Sullivan Silvergate Capital issued a statement to inform the public of its exposure to FTX and its related entities. The provider of financial infrastructure solutions to the digital asset industry adds to the mass of companies declaring their FTX exposure in a bid to reassure interested parties. Silvergate ..read more
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Ontario Teachers Sunk $95M in FTX—Pension Fund Says Collapse Will Have ‘Limited Impact’
Crypto News Exchange
by JohnB
1y ago
By Stacy Elliott If a Canadian pension fund investing in a crypto firm that’s gone bankrupt sounds familiar, that’s because it happened with Celsius Network.       ..read more
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CryptoSlate Wrapped Daily: SBF out as CEO as FTX files for bankruptcy; SEC Chairman’s ties with exchange under scrutiny
Crypto News Exchange
by JohnB
1y ago
By Christian Nwobodo The biggest news in the cryptoverse for Nov. 11 includes FTX filing for bankruptcy as John Ray III takes over from Sam Bankman-Fried as CEO, FTX users seeking to bypass bankruptcy process using the “Bahamas loophole”, US Congressman accused SEC Chairman of having dubious ties to FTX ..read more
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