Author: e_cash_top

[ad_1] The world’s third largest exchange FTX collapsed within a matter of days and the community’s pain is visible to all on Crypto Twitter. The severity of losses Crypto Twitter has been plainly demonstrating the severe results of the FTX collapse. There are countless investors who had more than half of their funds on FTX…

SBF seeks to raise liquidity for FTX International; funds to go “straight to users”

Nov 11, 2022

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[ad_1] FTX’s CEO Sam Bankman-Fried (SBF) posted a Twitter thread to say that FTX U.S. was 100% liquid and that he’d do all he can to raise liquidity for FTX International. SBF started by admitting his role in the FTX crash and apologizing to the community. Then, he explained why he was silent for the…

FTX seeks bailout to shore up liquidity; 60K BTC withdrawn from exchanges

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[ad_1] The biggest news in the cryptoverse for Nov. 10 includes SBF planning to raise funds to bailout FTX and make users whole, SEC chairman Gary Gensler advocating for more investor protection following FTX collapse, and Sequoia Capital writing off its over $200M investment in FTX as worthless. CryptoSlate Top Stories Leaked slack messages show…

M2 money supply could be a better measure of inflation than CPI

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in Uncategorized

[ad_1] When markets turn red and inflation starts soaring, both regulators and consumers turn to CPI as a gauge for the damage done by soaring prices but in the chaos that ensues as markets enter into a recession, one metric always seems to be overlooked — the M2 money supply. The M2 is a measure…

FTX reaches out to Kraken for help as it scrambles for $9.4B bailout; Alameda owes exchange $10B

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[ad_1] After Binance walked away from the FTX takeover deal, the cryptocurrency exchange has turned to Kraken for a possible bailout, Reuters reported, citing two people familiar with the development. The latest development emanates after FTX CEO Sam Bankman-Fried said he’s working on emergency moves to raise funds. Further, Tron founder Justin Sun has surfaced…

FTX, Alameda used Binance as intermediary for their parasitic relationship

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in Uncategorized

[ad_1] In the aftermath of the FTX fallout, Bitcoin saw its price drop to a two-year low of $15,000, the exchange’s native token is on its way to becoming essentially worthless, and stablecoins across the market have been struggling to keep their peg. However, the fall of Sam Bankman-Fried’s empire is far from over. The…

Tether reportedly puts FTX’s $46M in USDT on ice

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[ad_1] Tether has reportedly blacklisted $46.27 million worth of USDT belonging to FTX. An address with a balance of 46,360,701 #USDT (46,274,472 USD) has just been frozen!https://t.co/W958MBbhA9 — Whale Alert (@whale_alert) November 10, 2022 Whale alerts reported that an FTX address with a balance of 46.36 million USDT was blacklisted. Coindesk reported that the seizure was carried…

SEC’s Gensler says more investor protection is needed after FTX fiasco

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[ad_1] SEC Chairman Gary Gensler addressed the ongoing market crisis caused by the FTX fallout during an interview on CNBC’s Squawk Box. Gensler, who has been pushing for increased regulation and targeting various crypto companies for fraud in the U.S., said the space needed better regulation and better enforcement. He explained that U.S. laws are…

Crypto markets rocked as stablecoin reserves deplete, Curve 3pool concentrated by USDT, 60k BTC leaves Binance, Alameda shorts USDT

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