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After Kevin Zhou, the co-founder of the hedge fund Galois Capital, revealed half of the firm’s assets were held on FTX, another crypto asset management firm called Ikigai detailed that “a large majority of the hedge fund’s total assets” were stored on FTX. Ikigai chief investment officer, Travis Kling, told the public on Twitter and …

Ikigai Exec Says ‘Large Majority’ of Crypto Asset Management Firm’s Funds Stuck on FTX Leggi altro »

According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed to freeze the PAXG tokens after “direction from U.S. federal law enforcement.” Paxos Complies With U.S. Law Enforcement Request to Freeze 11,184 PAXG Paxos updated …

US Law Enforcement Directs Paxos to Freeze More Than 11,000 PAXG Tokenized Gold Coins Leggi altro »

PRESS RELEASE. Nov 14th, 2022 – Leading global cryptocurrency exchange Bitget announces that it has set aside a 5 Million USD worth of Builders’ Fund, aiming to help those affiliates, influencers and professional traders who are distressed by the FTX collapse. The market witnessed the collapse of FTX within a week, and worse still, the …

Bitget Prepares 5 Million USD Builders Fund to Help Users Distressed by FTX Collapse Leggi altro »

The collapse of an industry titan exposes how various bitcoin brokerages could experience massive differences in the cost of bitcoin. This is an opinion editorial by Michael Chapiro, a materials engineer, an aerospace and defense executive and founder of Caliber. On Wednesday, November 9, in the aftermath of the collapse of FTX, reports began emerging …

How The FTX Collapse Spiked Fees On Popular Bitcoin Exchanges Leggi altro »

Michael Saylor’s recent dysfunctional relationship comment perfectly summarizes the disconnect between bitcoin and crypto. This is an opinion editorial by Tim Niemeyer, a Bitcoiner since circa-2018 and co-host of the Lincolnland Bitcoin Meetup in Springfield, Illinois. “Bitcoiners are trapped in a dysfunctional relationship with crypto and we want out!” — Michael Saylor Amidst the carnage …

After FTX Implosion, It’s Time To End Bitcoin’s Dysfunctional Relationship With Crypto Leggi altro »

What the FTX failure means for Bitcoin, and why it may be the best thing to happen in 2022 as well as the catalyst for the next bull market. This is an opinion editorial by Aleks Svetski, author of “The UnCommunist Manifesto,” founder of The Bitcoin Times and Host of the “Wake Up Podcast with …

The Bitcoin Maxis Warned You About FTX Leggi altro »

We must learn from the historic collapse of Sam Bankman-Fried’s FTX cryptocurrency exchange before the world economy suffers a similar fate. This is an opinion editorial by Captain Sidd, a finance writer and explorer of Bitcoin culture. If you haven’t heard, one of the largest crypto exchanges, FTX, was the latest in a number of …

Failure Of FTX: The Evil Results Of ‘Altruistic’ Intentions Leggi altro »

A new report from the Bitcoin Policy Institute discusses why the industry needs to adopt proof of reserves following the bankruptcy of FTX exchange. The Bitcoin Policy Institute (BPI), a non-profit dedicated to furthering governmental Bitcoin adoption, has released a new report discussing proof-of-reserves (PoR) in the bitcoin and cryptocurrency ecosystem following the FTX collapse, …

Crypto Exchanges Need Proof Of Reserves: Bitcoin Policy Institute Report Leggi altro »