Tag Archives: Exchange News

FTX appeared to be the golden player of the crypto space for the last three years, but some investors – including Alex Pack, who manages New York-based venture capital firm Hack VC – were never convinced of the company’s prowess, and they say the company showed serious “red flags” from the start. Alex Pack Says There Were Issues with FTX from the Beginning Pack first met Sam Bankman-Fried, the man behind FTX, roughly four years ago. At the time, Bankman-Fried had not...

The government of Australia has hinted it’s going to be implementing cryptocurrency regulations in 2023. The announcement comes on the heels of the FTX collapse, which will likely go down as one of the biggest embarrassments of the crypto space. Australia Could Regulate Crypto Next Year Australian Treasurer Jim Chalmers has stated that regulators are eager to ensure crypto traders remain protected. Chalmers acknowledges that digital currency trading in Australia is...

The House Financial Services Committee has said that it is opening an investigation into fallen cryptocurrency exchange FTX and its disgraced head executive Sam Bankman-Fried. FTX Will Be the Subject of a Congressional Inquiry The announcement came from Maxine Waters, a democrat from California that heads the committee. She stated that the team also expects Bankman-Fried to testify on what occurred and hinted that Congress is using what happened with the company to get...

Popular digital currency exchange Crypto.com is in hot water after it allegedly sent a lot of digital money to the wrong account. Crypto.com Sent Money to the Wrong Area At the time of writing, Crypto.com is purported to have sent as much as $400 million in Ethereum funds to a wallet stationed on the platform of its competitor and rival Gate.io. CEO Kris Marszalek took to social media to express his remorse over the situation and explain things to potential investors. He...

2022 has been an atrocious year for cryptocurrency. Many digital asset companies have been forced into dark places and filed for bankruptcy, and it looks like leading blockchain firm Block Fi might be next. Things Aren’t Looking Good for Block Fi Throughout 2022, the crypto space has been hit harder than it ever has in its short, 14-year history. Bitcoin, for example, has dropped from its all-time high of about $68,000 per unit – which it achieved in November of last...

Anthony Scaramucci – the founder of Sky Bridge Capital and the former communications director for President Donald Trump – has given his thoughts on the FTX debacle and the fall of what was labeled one of the biggest and most prominent crypto exchanges in the space. Anthony Scaramucci Gives His Thoughts on FTX FTX took a 30 percent stake in Sky Bridge last September. At the time of writing, the company has filed bankruptcy and the executive behind it all, Sam...

A new lawsuit centering around failed exchange FTX has named legendary sports stars like Tom Brady and David Ortiz as potential defendants. Many of these individuals have long been associated with FTX and promoted what is now considered a fraudulent and twisted exchange. Tom Brady and Others Are Being Sued The lawsuit was filed in the U.S. District Court of Miami, Florida. Not long ago, FTX had purchased the naming rights of the home arena for the Miami Heat. The lawsuit...

Mark Cuban is not happy about what’s happened with FTX, and he’s taking to social media and other online platforms to express his disappointment. Mark Cuban Isn’t Happy About the FTX Fall The FTX collapse rocked the crypto world. What was long considered one of the biggest players in the digital currency world has suddenly come crashing down without notice, and its fall from grace has led to several repercussions. Allegedly experiencing a liquidity crunch, the company...

Not long ago, Live Bitcoin News reported that the FTX Arena for the Miami Heat was going to change its name following the collapse of FTX, the now disgraced cryptocurrency exchange based in the Bahamas. The company wanted nothing to do with the firm’s rotten legacy, and now Cal – aka the California Memorial Stadium/ FTX Field – is looking to do the same. Cal Doesn’t Like the Letters FTX Anymore Cal has stated that what happened with FTX is wrong and it wants no part in...

Dennis Kelleher – one of DC’s top figures in the fields of banking and finance – claims to have seen the FTX collapse coming a mile away, and he’s not surprised by the aftermath it’s led to. Kelleher Believes Crypto Won’t Survive FTX was one of the world’s top digital currency exchanges. Beginning in 2019, the company rose to prominence rather quickly and has since become an embarrassment in the space. The firm initially sought help from Binance and looked to the larger...