The former CEO described his role in the exchange’s downfall as a failure in oversight, saying he should have been “more skeptical of large margin positions.” Former FTX CEO Sam Bankman-Fried, also known as SBF, has reiterated apologies to the exchange’s employees in a letter explaining the collapse.  According to a Nov. 22 letter reviewed...Continue Reading

VC funding continues to decline, but Uniswap bucks the trend by drumming up $165 million in a Series B round. Blockchain venture capital inflows sharply decreased in October from the previous month. According to Cointelegraph Research, the number of individual deals dropped from 93 to 69 monthly. The Cointelegraph Research Terminal VC database, which compiles...Continue Reading

Bo Shen previously suffered another devastating hack to his personal wallet in 2016. According to a new twitter post on Nov. 23, Bo Shen, general partner of the Vitalik Buterin-advised venture capital fund Fenbushi Capital, claime that $42 million worth of funds were drained from his Trust Wallet on Nov. 10. Shen, who grew up...Continue Reading

Bitcoin sentiment is the worst one analyst has ever seen as BTC price action holds its own into Thanksgiving. Bitcoin (BTC) lingered near $16,500 at the Nov. 23 Wall Street open as United States markets awaited Thanksgiving cues. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Grayscale, GBTC still dominate crypto mood Data from Cointelegraph Markets...Continue Reading

Crypto fans can immortalize cryptocurrency history via Cointelegraph’s digital collectibles, with the full launch coming on Dec. 1. Anxious to mint a piece of crypto history as a digital collectible? The time has almost come. After amassing a waitlist of more than 400,000 participants, spurring a delayed but fairer launch, Cointelegraph’s Historical nonfungible token (NFT)...Continue Reading

The market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion. USD Coin (USDC), a stablecoin issued by the U.S.-based Circle Financials Ltd, is taking the lead over its top rival, Tether (USDT), when it comes to institutional adoption, according to on-chain data. USDC daily transfer volumes are...Continue Reading

The prolonged market volatility has not stopped investors from backing a new protocol which merges DeFi and the foreign exchange market. The ongoing crypto bear market has proven itself to be a builders market as investments continue to find projects with promise. Onomy, a Cosmos blockchain-based ecosystem, just secured million from investors for the development...Continue Reading

The Japanese central bank plans to make a decision on whether to issue a digital currency by 2026. Despite Japan’s uncertainty on whether to issue a central bank digital currency (CBDC), the Bank of Japan (BoJ) continues experimenting with a potential digital yen. The Japanese central bank has started a collaboration with three megabanks and...Continue Reading

A new bill confirms the government’s plan to raise $1 billion and invest them into the construction of a “Bitcoin city.” Amid the crypto market downturn, El Salvador finally makes a decisive step to the realization of its ambitious “Bitcoin bonds” project. The Minister of the Economy Maria Luisa Hayem Brevé introduced  a bill confirming...Continue Reading

On-chain analytics show that ETH and stablecoins have been flowing out of centralized exchanges in the aftermath of FTX’s collapse. Blockchain analytics carried out by a Nansen researcher has highlighted outflows of Ether (ETH) and stablecoins from centralized exchanges in the wake of FTX’s collapse. Nansen research analyst Sandra Leow posted a thread on Twitter...Continue Reading