Crypto News

Congressman Brad Sherman claims FTX ‘deterred legislation’ with money

Congressman Brad Sherman said his anti-crypto stance was correct all along and urged the SEC to take decisive action.

Research: FTX implosion leads to aggressive Bitcoin accumulation for investors

Data analyzed by CryptoSlate shows that all categories of Bitcoin investors aggressively accumulated throughout the week.

Huobi addresses concerns raised surrounding fake reserves ‘snapshot’

Huobi released an asset snapshot of their reserves just prior to moving over 10,000 ETH out of 'snapshot' wallet.

Crypto.com transferred nearly 85% of ETH reserves to Gate.io in October, CEO assures it was accidental

Twitter is fraught with fear that exchanges may be faking proof of reserves amid rampant speculation.

St. Kitts and Nevis to adopt Bitcoin Cash as legal tender in 2023

St. Kitts and Nevis Prime Minister Terrance Drew announced plans to adopt Bitcoin Cash as legal tender and mine it as a country.

Bahamas Securities Commission neither “authorized” nor condones FTX enabling local withdrawals

FTX enabled withdrawals for Bahamian clients on Nov. 11 citing compliance with regulators, but the SCB contradicted the exchange's claims.

Crypto market sees biggest miner selling pressure since January 2021

New FTX CEO Ray announces steps taken to staunch bleeding cashflow

Chief Restructuring Officer and new CEO of FTX, John Ray begins securing digital assets and halting of FTX trading and withdrawal functions.

Pantera Capital reflects on FTX situation and importance of DeFi in latest Blockchain Letter update

An official Pantera Capital 'Blockchain Letter' addresses FTX impact on the firm and the importance of DeFi.

Galois Capital admits over 50% of its capital was locked up in FTX

Co-founder, Kevin Zhou, has explained that around $40 million of Galois Capital is locked up in FTX

Investors digest lower-than-expected CPI as risk-on assets rallied while DXY sunk into the weekend

While drama in the crypto world rages on CPI data indicates a potential slow down in inflation

FTX hacker identity discovered by Kraken Exchange team

Kraken Exchange CSO, Nick Percoco, just announced via a tweet reply that the hackers identity has been discovered

Was FTX hacked? Deep dive reveals “backdoor” built into accounting software

In the latter hours of Friday evening, FTX founder Sam Bankman-Fried secretly moved $10 billion in funds to Alameda trading firm via software "backdoor."

Ethereum becomes most deflationary in history as activity spikes amid FTX collapse

Inflation has fallen to -0.032/year, according to Ultrasound money, suggesting that the network is currently burning more Ether than it is minting.

Silvergate Capital says FTX reflects less than 10% of its total deposits from digital asset customers

In response to the recent FTX and FTT developments, Silvergate followed suite in providing the public with an update on its FTX exposure.

CryptoSlate Wrapped Daily: SBF out as CEO as FTX files for bankruptcy; SEC Chairman’s ties with exchange under scrutiny

Congressman Tom Emmer has promised to investigate SEC Chairman Gary Gensler over his questionable link with FTX, Grayscale GBTC trades at less than $10,000 BTC equivalent, and much more in this edition of CryptoSlate Wrapped Daily.