The collapse of FTX crypto exchange has nothing to do with the success of Bitcoin because BTC is decentralized and FTX was not, Tim Draper said.
Tim Draper still positive on $250K Bitcoin price prediction in 2023 [cointelegraph]
cointelegraph.com
US national crypto laws should look like New York’s, says state regulator [cointelegraph]
The superintendent of the New York Department of Financial Services highlighted her state’s stringent standards as the blueprint for federal legislation.
FDIC to prioritize crypto risk assessment as banks perform poorly in Q2 [cointelegraph]
With banks reporting $470 billion in unrealized losses and FDIC foreseeing the continuation of this trend, acting chairman Gruenberg believed banks must cautiously engage in crypto-asset activities.
FDIC to prioritize crypto risk assessment amid rising interest among banks [cointelegraph]
With banks reporting $470 billion in unrealized losses and FDIC foreseeing the continuation of this trend, acting chairman Gruenberg believed banks must cautiously engage in crypto-asset activities.
Solana entities sold 50M tokens to FTX — How long will SOL price suffer? [cointelegraph]
Most of FTX’s Solana exposure stands vested, meaning the defunct exchange will gradually gain access to millions of SOL up until January 2028.
FTX downfall was a turning point for citizen journalism: Coinbase CEO [cointelegraph]
Brian Armstrong, the CEO of Coinbase has applauded the efforts of crypto analysts and citizen journalists amid the fall of FTX.
Circle marks a possible $3B loss from Binance stablecoin conversions [cointelegraph]
Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX.
Circle’s USDC issuance falls 3 billion from Binance stablecoin conversions [cointelegraph]
Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX.
FTX hacker is now the 35th largest holder of ETH [cointelegraph]
The exploiter’s Ether haul is worth an estimated $288 million at current market prices.
FTX Australia’s license suspended as 30K Aussies left in the lurch [cointelegraph]
Three members of a Sydney-based investment and advisory firm are assigned to help Australians impacted by the suspension of the local entity of Sam Bankman-Fried’s former crypto empire.