Earn Free Bitcoin
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US Congressman Says FTX Was 'A Failure Of Centralized Finance And A Failure Of Sam Bankman-Fried': Why It's Important - Bitcoin (BTC/USD)
U.S. Congressman Tom Emmer (R-MN) said Tuesday that the implosion of cryptocurrency exchange FTX is not a crypto failure. Instead, he said it is a failure with centralized finance (cefi), Securities and Exchange Commission (SEC) Chairman Gary Gensler, and former FTX CEO Sam Bankman-Fried.See the Story
100% Center coverage: 1 sources
Singapore Regulator Explains Action Against Binance vs FTX — Warns Even Licensed Crypto Exchanges Can Fail – Regulation Bitcoin News
The Financial Authority of Singapore (MAS) issued a press launch this week to address some questions and misconceptions that have arisen in the wake of the FTX debacle. The regulator defended the motion it took towards crypto alternate Binance and never the collapsed crypto platform FTX. The central financial institution warned that cryptocurrencies are highly volatile and many of them have lost all value.See the Story
Crypto Winter No Longer Has Big Impact on Long-Term Industry Growth, EY Executive Says – Markets and Prices Bitcoin News
Paul Brody, global blockchain leader at EY, discussed the crypto winter, the need for regulation, and the collapse of crypto exchange FTX in an interview published by the Mint publication Thursday. Brody: For the first time ever, price ups and downs don't have that big of an impact on the long-term growth of the industry.See the Story
Latest News Stories
Kraken's Jesse Powell Takes Aim at Newly Launched Proof-of-Reserve Lists, POR Audit 'Requires Cryptographic Proof' – Bitcoin News
CoinMarketCap CEO Jesse Powell announced that he fulfilled his commitment to be more assertive with calling out problems. Powell said that reserves are equal to assets minus liabilities and reserves also include a list of wallets. The audit is not intended to prove more than the custodian has control of assets or the sum of client balances.See the Story
Elon Musk Slams Semafor’s ‘Journalistic Integrity’ — Tesla Exec Says ‘Semafor Is Owned’ by FTX Co-Founder Sam Bankman-Fried – Bitcoin News
Elon Musk called out the news website Semafor because the former FTX CEO Sam Bankman-Fried (SBF) was a lead investor. Musk took to Twitter and let Sema for know that he believes the news publication has a massive conflict of interest when it comes to journalistic integrity. Musk's criticism follows the lambasting a number of mainstream media publications received for publishing puff pieces on FTX executives.See the Story
Brazilian Exchange Bitpreco to Expand to Banking Services; Bets on Cashback to Counter Crypto Fears – Exchanges Bitcoin News
Bitpreco, a Brazilian cryptocurrency exchange, is now expanding its services to offer banking functions. The company is one of the largest in Brazil, accounting for 13% of all bitcoin transactions in the last three months. The objective of this inclusion is to drive more users to crypto through the offering of less niche-oriented services.See the Story
NFT Sale Starts Mid December! NFT Sale Details of Entertainment DAO Project 'SUPER SAPIENSS' by Director Yukihiko Tsutsumi, Katsuyuki Motohiro and Yuichi Sato Revealed – Press release Bitcoin News
Super SAPIENSS NFT is an entertainment DAO project active on FiNANCiE. The company has conducted two rounds of token-issuing type funding, and has collected a cumulative total of over 50 million yen in support and approximately 3,000 members in the community. The creative is filled with Japanese culture that is attracting worldwide attention.See the Story
Market Wrap: FTX Was Sam Bankman-Fried’s 'Personal Fiefdom,' Lawyers Said
Sam Bankman-Fried ran the collapsed crypto exchange as his own personal fiefdom, administrators told a bankruptcy court in Delaware. Inquest 'allowed everyone for the first time to really see under the covers and recognise that the emperor had no clothes,' said lawyer acting for new directors.See the Story
75% Center coverage: 4 sources
Onchain Research Shows FTX’s Falling BTC, ETH, Stablecoin Balances ‘Suggest Cracks Had Formed as Far Back as June’ – Bitcoin News
Onchain data from the intelligence and research firm Glassnode suggests FTX's cracks had formed as far back as May-June. FTX’s bitcoin (BTC) wallet held 20,176.84 bitcoin on Nov. 5, 2022, and the BTC that is currently worth $326.43 million vanished without a trace. The researchers detail that in June, FTX.s ethereum (ETH) reserves slipped by 55.2% as 576,000 ether left the exchange.See the Story
Ontario Teachers' Pension Plan writes down FTX investment to zero
The Ontario Teachers' Pension Plan said this week it will write off its US$95-million investment in FTX, the cryptocurrency exchange that collapsed last week. It follows a move by the Caisse de d'p�t et placement du Qu�bec to write off a US$150-m investment in Celsius Network in August. The investments point to the wider risks pension funds have taken on as part of a hunt for returns, a pension expert says.See the Story
Coverage: 10 sources
US Lawmaker Urges SEC to 'Take Decisive Action' to Regulate Crypto Industry — Plans to Examine Options for Federal Legislation – Regulation Bitcoin News
Congressman Brad Sherman (D-CA) released a statement regarding the implosion of FTX on Sunday. Sherman called on the Securities and Exchange Commission (SEC) to put an end to the regulatory gray area in which the crypto industry has operated. He added that he plans to work with his colleagues in Congress in the coming weeks to examine options for federal legislation.See the Story