Industry heavyweights have urged crypto investors and traders to self-custody their crypto assets amid the significant market uncertainty brought on by the collapse of FTX.  In a Nov. 13 tweet to his 7.6 million followers, Binance CEO Changpeng “CZ” Zhao pushed the crypto community to store their own crypto via […]

An investigation of possible criminal misconduct over the insolvency of cryptocurrency exchange FTX is underway by financial investigators and the Bahamas securities regulators, according to a statement by the Royal Bahamas Police Force sent to Reuters on Nov 13.  The Royal Bahamas Police stated: “In light of the collapse of […]

On Sunday (13 November 2022), Ethereum Foundation Co-Founder Vitalik Buterin shared his thoughts on Sam Bankman-Fried (aka “SBF”), Co-Founder and CEO of insolvent crypto exchange FTX. As you probably know, on 10 November 2022, SBF took to Twitter to talk about how he had “f*ucked up” at FTX International: He […]

FTX founder Sam Bankman-Fried has denied speculation that he’s fled to Argentina as the saga surrounding his collapsed cryptocurrency exchange continued to unfold in near-real time on Twitter.  In a text message to Reuters on Nov. 12, Bankman-Fried, who also goes by SBF, said he was still in the Bahamas. […]

Collapsed cryptocurrency exchange FTX reportedly faced a series of unauthorized transactions over the weekend, prompting several warnings from users and analysts against interacting with its mobile app or website.  Wallets associated with FTX saw roughly $266.3 million worth of outflows on Nov. 11, according to analytics firm Nansen. FTX US, […]

Binance Coin (BNB) price is in a downward movement, fluctuating between moving average lines. On November 4, buyers broke the overhead barrier at $336 and reached the $360 high during the initial rally. To resume the second uptrend, the BNB price retraced above the moving average. The altcoin reached a […]

On Friday (11 November 2022), Miami-Dade Mayor Daniella Levine Cava and Miami HEAT issued a joint statement about FTX Arena, which is “a multi-purpose arena located in Miami, Florida.” As you probably know, Samuel Bankman-Fried (aka “SBF”), the Co-Founder and CEO of troubled crypto exchange FTX, took to Twitter on […]

In a recent speech, Martin J. Gruenberg, who has been the Acting Chairman of the Federal Deposit Insurance Corporation (FDIC) Board of Directors since 5 February 2022, shared his thoughts on “the prudential regulation of crypto–assets.” Here is how Wikipedia describes the FDIC: “The Federal Deposit Insurance Corporation (FDIC) is […]

Sam Bankman-Fried will be stepping down from his position as CEO of the FTX Group, according to a notice issued to the FTX official Twitter account this morning. According to the memo, a total of 130 businesses connected to Bankman-FTX Fried’s Group have also started voluntary bankruptcy proceedings. FTX’s new […]

Amid the ongoing market turbulence for Bitcoin (BTC) and other cryptocurrencies, some big investors are waking up to move their BTC holdings that were untouched for about a decade.  According to on-chain data, seven dormant Bitcoin wallets awakened on Nov. 11 to move a total of 3,500 BTC ($60,6 million) […]