“With a global MiCA, the FTX crash would not have happened,” said European Parliament economics committee member Stefan Berger. European Parliament economics committee member Stefan Berger has compared the current situation with FTX to the 2008 financial crisis, using “such Lehman Brothers moments” in justifying the need for regulating crypto. In a Nov. 9 tweet,...Continue Reading

The firm pushed Maple Finance to halt Alameda’s dedicated borrower pool earlier this year. Orthogonal Credit, an arm of the digital asset hedge fund Orthogonal Trading, disclosed on Nov. 9 that it pushed to close Alameda Research’s dedicated borrower pool on Maple Finance in the second quarter of 2022 after identifying “key weaknesses” in its...Continue Reading

Binance cited allegations of the mishandling of consumer funds and an investigation from regulators as reasons for exiting the agreement. On Nov. 9, less than 48 hours after Changpeng “CZ” Zhao, CEO of cryptocurrency exchange Binance, announced his intentions to bail out troubled competitor FTX, the firm stated that it would not be pursuing the...Continue Reading

Pages for the quantitative trading firm and the venture capital arm have been taken offline and made private. Websites linked to crypto exchange FTX have been taken down on Nov. 9 following a liquidity crisis and pending acquisition of the company by its rival Binance. Websites for Alameda Research and the company’s venture capital arm, FTX...Continue Reading

Binance faces far less competition in the aftermath of FTX’s fall, but it still may not win a surge in new users. Based on the joint statements on Twitter this week from Binance CEO Changpeng “CZ” Zhao and FTX CEO Sam “SBF” Bankman-Fried, it seems clear that FTX has serious solvency problems — so dire...Continue Reading

Political newcomer and Bitcoin holder J.D. Vance will take Rob Portman’s U.S. Senate seat in Ohio, but majority control of both chambers of Congress has yet to be decided. Results from many election races for seats in the United States Senate and House of Representatives are still coming in, but a number of candidates who...Continue Reading

South Korea’s central bank has tested purchasing NFTs with their central bank digital currency (CBDC). In this week’s newsletter, read about how trademark applications for nonfungible tokens (NFTs) and the metaverse have grown in the United States. Check out how NFT marketplace OpenSea has launched a tool that can enforce NFT royalties on-chain and how...Continue Reading

The largest franchise in the world, Subway, is testing out the Lightning Network layer-2 Bitcoin payments solution and receiving encouraging results in Berlin, Germany. No, it’s not Groundhog Day. Subway is accepting Bitcoin (BTC), again — but this time it’s using the fast, nearly free Bitcoin Lightning Network. Kicking off the 7-day #usingbitcoin week with Lunch...Continue Reading

Temasek invested in a series of FTX’s round findings that led to its $32 billion valuation in January. Singapore’s state-owned investment firm Temasek, a shareholder at FTX, is reportedly engaging with the cryptocurrency exchange in the liquidity crisis that led to its unexpected (and still pending) bail out on Nov 8. In comments to Reuters,...Continue Reading

BTC and altcoins continue to sell-off, hitting new yearly lows as the collapse of FTX begins to drastically impact investors across the entire crypto market. Crypto markets crumbled for a second day as the fallout from FTX’s liquidity troubles continued to negatively impact investor sentiment.  Bitcoin (BTC) price fell to a new yearly low at...Continue Reading