FTX US resigns from the Crypto Council for Innovation
“The news this week has been shocking, but we’ve also seen the community come together,” said CCI CEO Sheila Warren....
Altcoin News
82% of Tether reserves held in ‘extremely liquid’ assets, according to attestation
The USDT issuer had total assets of $68.06 billion at the end of the third quarter, exceeding its total liabilities...
Chainlink Labs offers Proof of Reserve service for embattled exchanges
The company claimed its PoR product can restore trust in crypto exchanges through greater transparency, but not everyone is convinced....
FTX crisis feeds the Twitter rumor mill with hot takes and conspiracy theories
Exciting times lead to exciting posts, many of which bring up valid questions, and maybe some less valuable answers. Events...
White House says ‘prudent regulation of cryptocurrencies‘ is needed, hinting at situation with FTX
According to Press Secretary Karine Jean-Pierre, the administration and financial agencies will “closely monitor” developments in the crypto market. The...
FTX turmoil increases scrutiny of industry, something institutional investors have been waiting for
Hedge funds and asset managers are deploying digital asset teams, but a lack of regulatory clarity is holding them back....
Financial group CEO claims he tried to warn Bankman-Fried about insolvency in July
Richard Handler alleged that he offered restructuring services to FTX that might have saved it, but exchange reps refused to...
Bitcoin options data shows sub-$17K BTC price gives bears a $200M payday on Friday
BTC bears are set to profit from this week's $710 million options expiry, which could be used to add further...
New tool mirrors Optimism NFTs to Ethereum mainnet for use in verified apps
NFTs from Layer 2 were not previously recognizable to apps like Twitter. Optimism developers jvmi and Kelvin Fichter released a...
LayerZero Labs bought back its stake from FTX Ventures and Alameda
The protocol announced an agreement to buy out 100% of FTX Ventures’s and Alameda Research’s equity position. Interoperability protocol LayerZero...
Republican lawmaker claims SEC chair was coordinating with FTX ‘to obtain regulatory monopoly’
Minnesota Representative Tom Emmer did not provide any evidence to his claim Gary Gensler was "helping SBF and FTX work...
The Clearing House stands up for bank rights, opposes CBDC in comments for US Treasury
The payments operator responded to a Treasury inquiry related to the presidential executive order with an appeal to keep bank...
‘Thank God’ El Salvador doesn’t have any Bitcoin on FTX, CZ clarifies
The Binance CEO added that the amount of misinformation going around now is “insane.” False information spreading online suggested that...
US lawmaker warns of ‘major consequences’ for users of unregulated crypto firms, citing FTX
"FTX’s FTT tokens are now worthless, and even worse, FTX.com customers are completely unable to access their funds,” said Maxine...
BREAKING: FTX appears to have resumed withdrawals Blockchain data shows
Transactions appear to be leaving the FTX hot wallet at a rate in the single digits per minute. According to...
