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FTX collapse

US House Committee to Investigate and Hold Bipartisan Hearing on FTX Collapse

US House Committee to Investigate and Hold Bipartisan Hearing on FTX CollapseThe U.S. House Financial Services Committee is planning to investigate the FTX collapse, according to a joint press release published by the committee’s chair Maxine Waters and representative Patrick McHenry. Furthermore, a congressional hearing is scheduled to take place in December, according to the joint statement. Bipartisan Congressional Hearing to Be Held in December Over […]

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Tom Brady, Gisele Bündchen, Kevin O’Leary, and 9 Other Celebrities Named in FTX-Related Class-Action Lawsuit

Tom Brady, Gisele Bündchen, Kevin O’Leary, and 9 Other Celebrities Named in FTX-Related Class-Action LawsuitFormer FTX CEO Sam Bankman-Fried (SBF) and a number of celebrities including Tom Brady, Gisele Bündchen, Stephen Curry, and Shaquille O’Neal have been named in a class-action lawsuit involving the alleged engagement in deceptive practices with FTX. The lawsuit was filed by the attorneys Adam Moskowitz and David Boies late Tuesday, and the suit alleges […]

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Report: Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations

Report: Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan OriginationsFollowing Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive officer Derar Islim said that the company’s trading and custody units were still operational. DCG-Owned Genesis Halts Lending Unit’s Redemptions and New Loans On Nov. 16, 2022, Coindesk reporter Nelson […]

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

SBF Is Sleeping Better, Playing Video Games — New York Times Sam Bankman-Fried Interview Dunked on for Going Soft on FTX Co-Founder

SBF Is Sleeping Better, Playing Video Games — New York Times Sam Bankman-Fried Interview Dunked on for Going Soft on FTX Co-FounderOn Nov. 14, the New York Times (NYT) published a massive 2,200-word expose and interview with the former CEO of FTX, Sam Bankman-Fried (SBF), and the article was criticized a great deal after it was published. The article noted that SBF would only offer “limited details about the central questions swirling around him,” and most […]

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

2 More Crypto Platforms Pause Withdrawals as Liquid Global and Salt Lending Cite Exposure to FTX

2 More Crypto Platforms Pause Withdrawals as Liquid Global and Salt Lending Cite Exposure to FTXOn Nov. 15, 2022, the crypto exchange Liquid Global revealed that it has suspended fiat and crypto withdrawals “until further notice.” The same day, customers leveraging the crypto lending platform Salt were also informed that Salt has paused withdrawals and deposits. Furthermore, the crypto lender Blockfi is reportedly in the process of filing for Chapter […]

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Bahamas Regulator Appoints ‘Big Four’ Auditor PWC as Joint Provisional FTX Liquidator

Bahamas Regulator Appoints ‘Big Four’ Auditor PWC as Joint Provisional FTX LiquidatorOn Nov. 14, 2022, the Securities Commission of the Bahamas (SCB) published a press release that explains the ‘Big Four’ accounting firm PWC (Pricewaterhousecoopers) has been designated as provisional liquidator in the FTX investigation. The SCB detailed that “given the magnitude” of the events surrounding FTX, the Bahamas regulator recognized that it had to “move […]

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Gold Bug Peter Schiff Insists This Is ‘Not a Crypto Winter,’ Economist Says It’s More Like ‘Crypto Extinction’

Gold Bug Peter Schiff Insists This Is ‘Not a Crypto Winter,’ Economist Says It’s More Like ‘Crypto Extinction’Since bitcoin started falling from its all-time high last year, the economist and gold bug, Peter Schiff, made sure everyone knows that he wholeheartedly believes the leading crypto asset will fall to zero. Now that FTX has collapsed, Schiff has doubled down on his belief and he’s wasted no opportunities to dunk on bitcoin throughout […]

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Royal Bahamas Police Force Reveals FTX Is Being Investigated for ‘Criminal Misconduct’

Royal Bahamas Police Force Reveals FTX Is Being Investigated for ‘Criminal Misconduct’“A team of financial investigators” are currently investigating the now-defunct crypto exchange FTX, the Royal Bahamas Police Force said in a statement shared on Sunday. The police noted that the financial investigators were searching to see if “any criminal misconduct occurred.” Bahamas Law Enforcement Looks Into FTX Collapse After the Bahamas securities regulator took action […]

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Hedge Fund Galois Capital Discloses ‘Roughly Half’ of the Firm’s Capital ‘Stuck on FTX’

Hedge Fund Galois Capital Discloses ‘Roughly Half’ of the Firm’s Capital ‘Stuck on FTX’According to the co-founder of Galois Capital, the hedge fund manager who warned about the Terra collapse before it happened, half of the hedge fund’s capital is left trapped on FTX. Galois co-founder, Kevin Zhou, wrote a letter to investors explaining the situation and said he was “deeply sorry” about the turn of events. Galois […]

Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Here’s Where Bitcoin’s Price May Land After FTX Implosion, According to Rekt Capital

Here’s Where Bitcoin’s Price May Land After FTX Implosion, According to Rekt Capital

A widely followed crypto analyst is looking past this week’s FTX implosion to get a wider picture of the state of the current crypto markets. Pseudonymous analyst Rekt Capital tells their 329,500 Twitter followers that better days are ahead for Bitcoin (BTC). “A BTC Bull Market will take place one day. But today is not that day.” […]

The post Here’s Where Bitcoin’s Price May Land After FTX Implosion, According to Rekt Capital appeared first on The Daily Hodl.

Crypto sentiment index drops to October levels as Bitcoin dips under $92K