Luna Foundation Guard (LFG), the entity behind the collapsed Terra ecosystem, spent $2.8B (80,081 BTC and 49.8M in stablecoins) to defend UST’s peg, a new report by London-based third-party auditing firm JS Held has shown. Further, the report notes that Terraform Labs (TFL), the developer of the Terra blockchain, went above […]

California Representative Brad Sherman, who repeatedly called for a ban on U.S. residents buying crypto, accused leaders at several financial agencies of parroting former FTX CEO Sam Bankman-Fried’s ideas on regulating digital assets. In a Nov. 16 hearing before the House Financial Services Committee, Sherman directed his remarks to Federal […]

On Monday (14 November 2022), Charles Hoskinson, Co-Founder and CEO of Input Output Global (aka “IOG”), the blockchain technology firm behind Cardano’s R&D, expressed what should be a key takeaway from the FTX fiasco. On 11 November 2022, FTX Trading Ltd. (doing business as “FTX.com”) issued the following press release: And […]

Members of the United States House Financial Services Committee have scheduled a December hearing aimed at exploring the collapse of crypto exchange FTX and “broader consequences for the digital asset ecosystem.” In a Nov. 16 announcement, the House committee said it expected to hear from individuals and companies involved in […]

Abu Dhabi’s Global Market (ADGM) and Financial Services Regulatory Authority have granted cryptocurrency exchange Binance clearance to offer its services in the region. An official announcement from the United Arab Emirates capital’s financial center confirmed that Binance will be cleared to offer cryptocurrency custodial services to professional clients once it […]

Matter Labs, the developer behind the Ethereum Virtual Machine-compatible zkSync, has received major industry backing as it pledges to fully open-source its platform — marking the first such initiative for a zk-Rollup technology.  Matter Labs confirmed on Nov. 16 that it had closed a $200 million Series C funding round […]

The FTX crisis has deterred investor confidence and created a liquidity crisis in the crypto market, which could very well extend the crypto winter until the end of 2023, according to a new report. A research report from Coinbase analyzing the fallout in the crypto ecosystem in the wake of […]

On Tuesday (15 November 2022), Michael Saylor, Co-Founder and Executive Chairman at business intelligence software company MicroStrategy Inc. (Nasdaq: MSTR), was affected what the ripple effects of the collapse of FTX would be. It is worth remembering that on 11 August 2020, MicroStrategy announced via a press release that it had “purchased 21,454 […]

Recently, Joey Krug, Co-CIO of crypto investment firm Pantera Capital, talked about how the collapse of SBF’s FTX empire had affected his firm and the impact he expects it to have on the crypto space in the short, medium, and long term. The following video fromWall Street Journal nicely summarizes how […]

Coinbase CEO and co-founder Brian Armstrong have applauded the work of citizen journalists and blockchain analysts surrounding the unfolding FTX crisis and its former CEO Sam Bankman-Fried. In a Nov. 16 tweet that has been retweeted over 9,000 times at the time of writing, Armstrong suggested that it has been […]