South Korea and Singapore Hit Hardest by FTX Collapse: Report
On Nov. 20, crypto market data portal CoinGecko released a report on the countries most impacted by the FTX collapse. Unsurprisingly, most are in Asia since U.S. investors were using…
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DeFi, NFT Remains Resilient Despite FTX Implosion: DappRadar
The fallout from FTX’s collapse has been devastating, and the market is poised for more losses. But according to a recent report by DappRadar, Web3 remains resilient. Centralized services are…
Ethereum Dips Below $1200 as FTX Drainer Swaps 5K ETH For Bitcoin
Ethereum’s price is trading below $1,200 on Sunday, charting a decrease of around 3.5% in the past 24 hours. This happens as the FTX account drainer is swapping ETH for…
These Are the Most Shocking Findings From FTX’s Bankruptcy Filing
In the wake of crypto exchange FTX’s collapse, which triggered a severe contagion across the industry, many shocking discoveries have been made about the company’s governance and management system. A…
$500 Million Hack Against FTX Turns Out to Be Bahamas’ Regulator Seizing Assets
The cryptocurrency industry saw the spectacular collapse of one of its giants earlier this month, which ultimately resulted in FTX filing for Chapter 11 bankruptcy. Shortly after, though, there were…
If Binance or Tether Collapse, it’s Game Over for Crypto, DOGE’s Founder Says
Dogecoin’s Shibetoshi Nakamoto believes a potential crash of the crypto exchange Binance or the stablecoin-issuer Tether could severely destabilize the entire industry. He also advised people to do appropriate research…
FTX’s Beginning of the End Traced Back to This Alameda Tweet: Analysis
After Hacktober, which saw countless DeFi projects being exploited for hundreds of millions of dollars in total, November was expected to be a calmer month for crypto. However, that was…
SBF Cashed Out $300M Following $420M FTX Fundraiser in 2021: Report
A new report by the Wall Street Journal claimed that the disgraced founder and former CEO of FTX took over 70% of the funds gathered from a funding round in…
Ripple to Expand its European Presence by Obtaining a License in Ireland
The enterprise blockchain provider Ripple wants to strengthen its presence in the European Union by seeking to secure a virtual asset service provider (VASP) license from Ireland’s central bank. Ripple’s…
Revolut Distances Itself from FTX While Pushing for Crypto: Report
After Sam Bankman-Fried’s crypto empire imploded last week, exchanges are rushing to soothe the nerves of infuriated investors. Digital banking firm, Revolut is the latest one to distance itself from…
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