The crypto-skeptic senators suggested the FTX collapse made it “abundantly clear” that the digital asset industry has “serious problems.”
US senators urge Fidelity to reconsider its Bitcoin offerings after FTX blow-up [cointelegraph]


The crypto-skeptic senators suggested the FTX collapse made it “abundantly clear” that the digital asset industry has “serious problems.”

Uniswap newly released privacy policy comes in light of the FTX crisis, an event that has shined a spotlight on the need for transparency.

The Australian mining firm has had to unplug hardware that was producing “insufficient cash flow” to service its “debt financing obligations.”

The HashFlare founders have been charged for their alleged involvement in a crypto fraud and money laundering conspiracy.

The aftermath of FTX’s collapse has soured crypto investor sentiment with “record” inflows into short-investment products last week, said CoinShares.

The lending firm claims it’s having “constructive conversations with creditors” and plans to resolve the situation without the need for a bankruptcy filing.

Meanwhile, Ethereum users are sending encoded messages to the FTX hacker pleading for a share of funds.

The committee members, seemingly spurred to vigilance by the FTX debacle, do not see evidence of SoFi Digital Assets shaping up the way the Fed ordered.

‘Djed’ is set to go live in Jan. 2023, after a successful audit and a series of rigorous stress tests

Blockchain technologies can bring improvements to finance, given a regulatory framework, and links between DeFi and TradFi are being rapidly cemented already, Cunliffe said.