On Tuesday (22 November 2022), Michael Saylor, Co-Founder and Executive Chairman at business intelligence software company MicroStrategy Inc. (Nasdaq: MSTR), made comments that suggested he believes Bitcoin should be judged on its own and not considered as a synonym for crypto. It is worth remembering that on...
South Korea has begun a probe into cryptocurrency exchanges in the country in relation to offering native tokens, as per a local news report. The Korea Financial Intelligence Unit (KoFIU) is the financial regulatory agency of South Korea. This regulatory body was investigating this matter in the wake of the bankruptcy filing of crypto exchange FTX. The price fall of FTT tokens, the native tokens of FTX, were behind the collapse of crypto exchange FTX and its 130 affiliate firms....
In a recent interview, Alfred F. Kelly, Jr. (aka “Al Kelly”), who is Chairman and CEO of Visa Inc., said that he hopes that the collapse of FTX will lead to good crypto regulation, which is “what’s necessary to build back confidence for people.” According to a report...
U.S. Treasury Secretary Dr. Janet Yellen has spoken out on regulation of crypto markets in the wake of the recent collapse of crypto exchange FTX. On 11 November 2022, FTX issued the following press release: And here is how — on the same day — Sam Bankerman-Fried (aka “SBF”) announced the...
Recently, U.S. Congressman Brad Sherman (D-CA), who is one of the biggest crypto skeptics in Washington, D.C., pointed a finger at what he calls “billionaire crypto bros” for the delay in digital asset regulation. Congressman Sherman, who was “born and raised in southern California” is “currently serving his thirteenth term in...
On Tuesday (15 November 2022), Michael Saylor, Co-Founder and Executive Chairman at business intelligence software company MicroStrategy Inc. (Nasdaq: MSTR), was affected what the ripple effects of the collapse of FTX would be. It is worth remembering that on 11 August 2020, MicroStrategy announced via a press release that it had...
The shock waves of the FTX collapse have spread across the entire crypto industry. As the second-largest crypto exchange collapsed, more than $200 billion were eroded from the crypto space in a week’s time. Yuzo Kano, the chief executive officer and co-founder of major Japanese crypto exchange bitFlyer Inc. called it the “Lehman shock” to the crypto industry. Yuzo believes that FTX’s collapse could spread like a contagion causing more firms to fail. We have seen that crypto lending giants like...
Binance and KuCoin have announced the delisting of trading pairs for FTT FTX exchange encounters more troubles as investigation begins in the Bahamas On 14 November, the trading platform Binance announced that it would soon delist certain trade pairings using the FTT token. This statement was backed by KuCoin as well. The announcement was not surprising, given the current scenario around FTX‘s exchange and its native coin. In a related development, KuCoin also announced the...
Kris Marszalek, the CEO of Crypto.com, recently shared his thoughts on the collapse of Sam Bankman-Fried’s FTX empire. Marszalek’s comments after FTX Co-Founder Sam Bankman-Fried (akam “SBF”) had tweeted about FTX’s liquidity crisis, which had forced him to ask Binance for help: Several hours later, the Crypto.com CEO commented...
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