Compared to other altcoins, PAX Gold has performed very well. PAXG has risen to a new high of $1734.34 and has maintained this level. Buyers have continued the uptrend. With the resumption of the bear market, TON, OKB, LTC and MKR are bumping back to their overarching resistance levels. PAX […]

United States senators Debbie Stabenow and John Boozman have doubled down on their commitment to publishing a final version of the Digital Commodities Consumer Protection Act 2022 (DCCPA) in the wake of FTX’s shocking collapse. For a short time, the cryptocurrency community wasn’t sure how the senators would respond to […]

Amid the FTX and crypto market chaos, Cathie Wood-led Ark Investments has increased its Coinbase (COIN) holdings with a purchase of 237,675 COIN shares worth about $12.1 million on Nov. 9.  Of the 237,675 COIN shares, Ark Investment Management added 207,527 shares to its ARK Innovation ETF (ARKK), 22,416 shares […]

Crypto lender BlockFi has halted client withdrawals on its platform as part of a broader limit to activity in the wake of FTX’s collapse. The company said in the Nov. 11 tweet that a “lack of clarity on the status of FTX.com, FTX US and Alameda” has prevented it from […]

The White House said the administration of United States President Joseph Biden is monitoring the situation with the recent crypto market crash but deferred to independent regulators for any potential enforcement actions. In a Nov. 10 press briefing, White House Press Secretary Karine Jean-Pierre said Biden was aware of the ongoing […]

Tom Emmer, the recently re-elected Republican lawmaker representing Minnesota’s 6th district in the United States House of Representatives, has alleged Securities and Exchange Commission chair Gary Gensler had been helping FTX CEO Sam Bankman-Fried to gain a “regulatory monopoly” through the crypto firm. In a Nov. 10 tweet, Emmer criticized […]

Maxine Waters, chair of the United States House of Representatives’ Financial Services Committee, pushed for additional federal oversight of crypto trading platforms and consumer protection amid FTX facing liquidity issues. In a Nov. 10 statement, Waters cited FTX’s difficulties as the latest example of incidents “involving the collapse of cryptocurrency […]

Summary: Sam Bankman-Fried posted a 15-tweet thread apologizing to users and investors alike. The former crypto billionaire also claimed that FTX U.S. users are fine despite turbulence linked to the Bahamas-based parent exchange. Raising liquidity remains the priority, SBF tweeted amid financial uncertainty and bleeding market prices. Reports from Reuters […]

Troubled cryptocurrency exchange FTX received a glimmer of hope in the form of Binance signing a non-binding agreement to be acquired by the world’s largest crypto exchange Binance. However, this has left their future hanging in the balance. Binance co-founder and CEO Changpeng ‘CZ’ Zhao announced the agreement on Nov. […]

In one of his first public statements since rumors and concerns about FTX’s insolvency flooded the crypto market, CEO Sam Bankman-Fried, or SBF, has said: “I’m sorry.” In a Nov. 10 Twitter thread, SBF admitted to investors he “should have done better” in providing transparency on the situation with FTX. […]