Kevin O’Leary: FTX Collapse Is a Turning Point for the Industry — ‘Crypto Bottom Is In’

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has investments in FTX. Following the collapse of the crypto exchange, he said it’s a turning point for the industry, emphasizing that the “crypto bottom is in.” He is now pushing for crypto regulation. “What I’m going to be doing is I’m going to fly to Washington …

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

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 …

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

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 …

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

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 …

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How The FTX Collapse Spiked Fees On Popular Bitcoin Exchanges

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 …

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

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 …

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