At least 19 properties worth around $121 million were reportedly purchased under FTX’s name, Sam Bankman-Fried’s parents and senior-level executives. The latest revelation from the FTX case reveals that Bahamian properties worth millions were bought in the company name. FTX, at the time operated by Sam Bankman-Fried (SBF), his parents and other high-level executives of...Continue Reading

According to Hong Kong’s central bank, the interconnection of crypto assets has made the crypto ecosystem more vulnerable to systematic shocks. The fall of crypto giants this year reignited questions about the stability of cryptocurrencies and their impact on fiat ecosystems. Hong Kong Monetary Authority (HKMA) assessed the situation and found that the instabilities of...Continue Reading

ARK Invest scoops up bargains as Coinbase shares hit all-time lows and GBTC trades at a near-50% discount to the already suppressed Bitcoin spot price. Bitcoin (BTC) firms’ shares are a major “buy” for asset manager ARK Invest in the midst of the FTX meltdown. The latest data confirms that ARK continues to up its...Continue Reading

The crypto-skeptic senators suggested the FTX collapse made it “abundantly clear” that the digital asset industry has “serious problems.” United States senators Elizabeth Warren, Tina Smith, and Richard Durbin have renewed their calls for Fidelity Investments to reconsider offering a Bitcoin (BTC)-linked 401(k) retirement product.  In a letter addressed to Fidelity Investments CEO Abigail Johnson...Continue Reading

The Texas State Securities Board is scrutinizing payments received by celebrities to endorse FTX US, as part of a wider probe into FTX’s collapse. NFL quarterback Tom Brady and basketball point guard Stephen Curry are reportedly among the celebrities facing a probe from the Texas financial regulator over their promotion of the now-bankrupt crypto exchange,...Continue Reading

A faked video the FTX founder created by scammers has circulated on Twitter with users poking fun at its poor production quality. A faked video of Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, has circulated on Twitter attempting to scam investors affected by the exchange’s bankruptcy. Created using programs to emulate Bankman-Fried’s likeness...Continue Reading

The Australian mining firm has had to unplug hardware that was producing “insufficient cash flow” to service its “debt financing obligations.” Australian Bitcoin mining firm Iris Energy is the latest to suffer from the squeeze of the crypto bear market, losing a significant chunk of its mining power after defaulting on a loan. A filing...Continue Reading

Uniswap newly released privacy policy comes in light of the FTX crisis, an event that has shined a spotlight on the need for transparency. Decentralized exchange (DEX) Uniswap’s recently updated privacy policy appears to have attracted the ire of some members of the community, with concerns that collecting and storing user data works against crypto’s...Continue Reading

The HashFlare founders have been charged for their alleged involvement in a crypto fraud and money laundering conspiracy. The two founders of the now-defunct Bitcoin cloud miner HashFlare have been arrested in Estonia over their alleged involvement in a $575 million crypto fraud conspiracy. HashFlare was a cloud mining company created in 2015, which purported...Continue Reading

The aftermath of FTX’s collapse has soured crypto investor sentiment with “record” inflows into short-investment products last week, said CoinShares. Institutional investors have responded to the negative sentiment caused by FTX’s collapse, with record institutional inflows into crypto-focused short-investment products. According to CoinShares’ chief strategy officer James Butterfill, 75% of the total inflows by institutional...Continue Reading