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SBF’s ‘Truly Trustless’ Protocol — Serum’s Upgrade Authority May Be Tainted, Devs Look to Fork Project

November 13, 2022 0

According to Solana’s founder, Anatoly Yakovenko, Serum developers are forking the platform because the “upgrade key to the current one is compromised.” Serum, created by FTX’s Sam Bankman-Fried (SBF), was touted as “completely permissionless,” but now that the exchange has fallen, it’s

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FTX Contract Deployer Unlocks 192 Million FTT, Exchange Token’s Questionable Tokenomics Highlights Red Flags

November 13, 2022 0

Following the collapse of FTX and the exchange filing bankruptcy on Nov. 11, the trading platform’s exchange token called ftx (FTT) has shed 91.6% in value during the last seven days. While the FTT token’s utility is based entirely on the backing of the now-bankrupt FTX and Alameda Research, the token is still trading for […]

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Crypto Exchange Kraken Freezes Accounts of FTX, Alameda Research, Their Executives

November 13, 2022 0

Crypto exchange Kraken has frozen a handful of accounts owned by the bankrupt FTX Group, Alameda Research, and their executives. Kraken has been in contact with law enforcement after discovering that an account on its platform was used in connection with unauthorized transfers at FTX. Kraken Freezes Accounts Belonging to FTX, Alameda Research, and Executives […]

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The Mysterious FTX Debacle, Tim Draper’s BTC Price Prediction, More Support for Ripple in SEC Lawsuit — Week in Review

November 13, 2022 0

As theories proliferate wildly about the true nature of what happened to failed crypto exchange FTX, little is yet clear to the crypto community. Former CEO of FTX Sam Bankman-Fried has addressed the issue publicly on social media, mentioning a mysterious “sparring partner.” This week, Bitcoin.com News has also provided an in-depth look at the […]

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FTX Collapse: Africa-Focused Payments Firm AZA Finance Slams ‘Erroneous Inclusion’ in FTX Bankruptcy Filing

November 13, 2022 0

The founder and CEO of an Africa-focused payments firm, Elizabeth Rossiello, claimed on Nov. 11 that the beleaguered crypto exchange FTX had incorrectly included AZ Finance in its chapter 11 bankruptcy protection filing. The CEO insisted that her firm does not hold customer funds and is presently taking steps to correct the “erroneous court filings.” […]

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From Mercedes F1 to Miami Heat, Sports Teams Suspend FTX Sponsorships

November 13, 2022 0

A string of organizations competing in various sports are pulling out of sponsorship deals with beleaguered cryptocurrency exchange FTX. The coin trading platform had pledged millions of dollars to building up brand recognition among sports fans before it went bankrupt. FTX Sign Being Dismantled as Miami Heat Seeks New Naming Rights Partner for Its Arena […]

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Indian Authority Freezes 150 Bitcoins Held at Binance Crypto Exchange

November 13, 2022 0

India’s Enforcement Directorate (ED) says that it has frozen 150.22 more bitcoins held at cryptocurrency exchange Binance. The freeze is part of an investigation into mobile gaming application E-nuggets, which was designed to defraud the public, the ED said. India Freezes More Bitcoins at Binance India’s Enforcement Directorate (ED) announced Friday that it has frozen […]

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US Treasury Secretary and Indian Finance Minister Discuss Crypto Regulation

November 13, 2022 0

U.S. Treasury Secretary Janet Yellen and Indian Finance Minister Nirmala Sitharaman discussed crypto regulation during the ninth India-U.S. Economic and Financial Partnership meeting. They stressed the importance of international cooperation and setting high regulatory standards globally. US and India Discuss Issues Surrounding Crypto Indian Union Minister of Finance &

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Former US Treasury Secretary Larry Summers Compares FTX Collapse to Enron Fraud

November 13, 2022 0

Former U.S. Treasury Secretary Lawrence Summers has compared crypto exchange FTX to Enron, noting that the case is a classic fraud rather than the complexities of cryptocurrency regulation. He said the regulatory community ought to draw two lessons from the collapse of FTX. Larry Summers Compares FTX to Enron Former Treasury Secretary Lawrence Summers shared […]

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Robert Kiyosaki: I’m a Bitcoin Investor — When BTC Hits New Bottom, I Get Excited

November 13, 2022 0

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he is not worried about the price of bitcoin dropping. “I am a bitcoin investor,” he said, adding that when the price of the cryptocurrency hits a new bottom, he gets excited. Robert Kiyosaki Isn’t Worried About Bitcoin’s Price The author […]