SEC Chairman Gary Gensler said the crypto industry needs better investor protection and investor education to avoid another FTX scenario.
Luna's collapse was both unprecedented and unique, but the market is still in the early days of the FTX fallout. It might take weeks before the true scope of the crisis is felt, as the derivative market is yet to catch up.
A source close to the matter revealed that it was highly unlikely Binance will acquire FTX after looking at the company's books.
FTX's service agreement notes that funds deposited into user accounts aren't eligible for any public or private deposit insurance protection.
The partnership will allow Bricktrade to break down a single property into 100,000 tokens and enable investors to own fractional shares of the token's underlying property.
Galaxy Digital becomes the latest major player in the crypto space to reveal a significant exposure to the failing FTX.
The Ontario Teachers' Pension Plan invested in FTX in January this year as part of a $400 million funding round. The potential losses the fund could face are still unknown.
Coinbase and Kraken have been experiencing connectivity issues as FTT's slump dragged Bitcoin below its June lows of $18,000.
Binance announced that it intends to fully acquire FTX to protect its users from a liquidity crunch.
FTX hasn't processed any transactions on the Ethereum blockchain in over two hours, sparking rumors of insolvency.
Growing energy consumption caused by an influx of Bitcoin miners would lead to a growth in a highly skilled workforce, bring a notable increase in income, and improve surrounding infrastructure.
Google Cloud's partnership with Solana will see the company become a Solana validator and add the network to its Blockchain Node Engine and BigQuery services.
