Category: Latest news

[ad_1] Silvergate Capital issued a statement to inform the public of its exposure to FTX and its related entities. The provider of financial infrastructure solutions to the digital asset industry adds to the mass of companies declaring their FTX exposure in a bid to reassure interested parties. Silvergate Provides Statement on FTX Exposure https://t.co/qfxSFXnCsW —…

[ad_1] The biggest news in the cryptoverse for Nov. 11 includes  FTX filing for bankruptcy as John Ray III takes over from Sam Bankman-Fried as CEO, FTX users seeking to bypass bankruptcy process using the “Bahamas loophole”, US Congressman accused SEC Chairman of having dubious ties to FTX, and Crypto.com disclosing reserve holdings to allay…

[ad_1] Binance CEO Changpeng Zhao said his firm backed out of the FTX deal because it did not make sense and the huge financial hole they would have had to cover. Speaking at the Indonesia Fintech Summit on Nov. 11, CZ  said Binance already covers most of the markets that FTX.com operates in. Apart from that,…

[ad_1] Director of Portfolio Development at Pantera Capital, Franklin Bi, has created a Twitter thread discussing portfolio preventative measures taken following the recent FTX and Alameda Research fallout. 1/ The past few days have tested our industry, with fallout for months to come. Here’s an excerpt from a note to @PanteraCapital founders / investors re:…

[ad_1] BlockFi limits its platform activity and pauses client withdrawals amid the FTX crisis.  In a Twitter post, BlockFi clarified that this is due to the lack of clarity on the FTX issue. The announcement comes two days after BlockFi COO, Flori Marquez, took to Twitter to share her views regarding the FTX debacle. Marquez…

[ad_1] U.S. Congressman Tom Emmer said in a tweet that he had received reports that  the SEC chairman Gary Gensler was allegedly helping Sam Bankman-Fried and FTX “work on legal loopholes to obtain a regulatory monopoly.” Interesting. @GaryGensler runs to the media while reports to my office allege he was helping SBF and FTX work…

[ad_1] Solana (SOL) postponed its staking unlock period for two days while Solana developers were still able to unlock and liquidate their SOL tokens, according to crypto influencer @DrProfitCrypto. Solana, what a big scam. Peoples coins will be suddenly unlocked in two days instead of today, now after devs were able to unlock their own!…

[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…

[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…

[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…