Mon, October 5

SEC Chairman Gensler Discusses Crypto Regulation Following FTX Drops

In an interview, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), discussed cryptocurrency regulation and the demise of cryptocurrency exchange FTX.  The chairman explained that investors suffer when cryptocurrency exchanges “mix up a bunch of customer money” without disclosure and “leverage borrowing against it,” without saying

November 12, 2022 1 min read

FTX Effects Continues, Even After the Fall of BlockFi!

Ever since the fight between FTX and Binance, things have been taking a quite different approach throughout the entire crypto industry. With the onset of the rivalry between CZ and Sam, both being the CEOs of top crypto exchanges, indeed affected the entire global crypto industry on many terms.  Though

November 11, 2022 2 mins read

Elon Musk States Fake Accounts Should Mention Parody in the Name

Since Elon Musk took control of Twitter, many changes have occurred, and the number of parody accounts has significantly increased. This morning, Musk mentioned that parody accounts should make clear that they are parodies both in their names and bios. To be more precise, accounts doing parody impersonations. Basically, tricking

November 11, 2022 2 mins read

Elon Musk Ends Remote Working of All Twitter Employees

In his first address to the staff, the company’s new chief executive officer used a gloomy approach. Elon Musk’s first email to Twitter employees put a halt to remote work except as otherwise authorized personally. The new owner of the world’s largest social media site sent out an email to

November 11, 2022 1 min read

Crypto Trading Company Genesis Reveals Frozen Funds on FTX

Genesis Trading, the market maker and lending arm of Digital Currency Group, disclosed that its derivatives division had over $175 million funds stored in an FTX trading account. Also, the trading company confirmed that it has no ongoing business ties with FTX or Alameda Research, the cryptocurrency trading company run

November 11, 2022 2 mins read

Bahamian Regulator Freezes FTX Assets, Labeling “Prudent Course of Action”

According to a press release on Thursday, Bahamian officials have frozen the assets of FTX Digital Markets and linked parties as a “prudent course of action” to preserve assets and stabilize the company. Brian Sims, a senior partner at Lennox Paton, was chosen by the Securities Commission of the Bahamas

November 11, 2022 1 min read

BlockFi Limits User Activities Due to Uncertain FTX Situation

BlockFi, one of the leading crypto lending firms has declared withdrawal halting “as per their terms”. The clients are furthermore restricted from depositing in BlockFi wallets and interest accounts. pic.twitter.com/zNF1uP6evl — BlockFi (@BlockFi) November 11, 2022 FTX’s financial struggle is snowballing along with its international counterparts. The bad effect of

November 11, 2022 1 min read

FIFA Into Web 3.0 Games, Breaks Up With EA!

With the FIFA 2022 World cup to begin in just a few days down the countdown, the International soccer association takes quite some radical decisions. Accordingly, FIFA has broken up with Electronic Arts (EA), after their long tenure relationship of more than 30 years.  The news has taken to surprise

November 10, 2022 2 mins read

Withdrawals of USDT and USDC on Solana Halted by Crypto.com

Customers of the cryptocurrency exchange Crypto.com were informed today via an email that all deposits and withdrawals for the USDT and USDC tokens from Circle and Tether have been halted on the Solana network. Though the email said that the freeze would take place immediately, it did not specify why

November 10, 2022 1 min read

Sam Bankman Fried’s Empire FTX Facing Scrutiny

The Sam Backman Fried exchange FTX is under regulatory scrutiny in the US as a consequence of Binance’s withdrawal from the acquisition of FTX. The United States Securities and Exchange Commission is investigating into cryptocurrency exchange. The Commodity Futures Trading Commission (CFTC), according to Bloomberg, is also probing the cryptocurrency

November 10, 2022 1 min read