The current prediction is that the FTX implosion is going to be accompanied by quite a lot of distress calls from companies who either used the custody service provided by the firm or rely on its DeFi and earnings product to operate.
Ripple published a new whitepaper explaining how the UK can take a lead in establishing crypto standards making it one of the attractive centers for the crypto industry, such as Dubai, Singapore, and the EU.
Prior to its collapse, FTX and its sister trading firm, Alameda Research put up the front as a lender of last resort and made attempts to save the bankrupt firms in the cryptocurrency ecosystem.
This announcement signals the developing interest of the central bank in the blockchain space.
The ex-FTX CEO Sam Bankman-Fried posted a series of incoherent and questionable Twitter posts in the wake of the exchange’s collapse.
Sources familiar with the matter said that BlockFi is struggling to continue operations amid FTX’s collapse and has also planned layoffs very soon.
The EU legislators want to avoid the risk associated with crypto assets that mask the senders’ and recipients’ information.
The inaugural CR7 NFT collection features seven animated statues with four rarity levels. Each of the statues portrays iconic moments in Ronaldo’s life and career.
Besides the more than 200 affiliated companies FTX named in the bankruptcy filing last week, many creditors are likely to go out of business.
Binance Labs says it sunk $4 million in NFT-oriented sports platform Ultimate Champions to support innovation in blockchain gaming.
Judge Torres is doing all she can to leave no stone unturned in the lawsuit that has spanned close to 2 years now.
Despite the reassurances, the bleeding of SOL has not stopped as SOL continues to dive.
Although the FTX hacker lost a sizable chunk of the loot due to hasty decision-making, they still hold $339 million in various crypto.
Similar to the US and the Bahamas, the Turkish law enforcement agency launched an investigation into institutions, people, banks, and crypto service providers associated with FTX.
After FTX declared Chapter 11 bankruptcy, a series of unauthorized transactions happened on the company accounts.