The two U.S. Senators said the downfall of FTX clearly exemplified “the need for greater federal oversight of the digital asset industry.”
Tether follows TRON's USDD stablecoin in coming unstuck amid suspicions of shorting involving FTX and Alameda Research.
Wallets associated with Sam Bankman-Fried's Alameda Research could be behind the dollar de-peg, alleges Tron's founder.
The venture capital firm assured partners it ran a rigorous due diligence assessment when it invested in FTX, finding the exchange to generate $1 billion in revenue and $250 million ...
"We share the belief that it should be necessary for crypto platforms to publicly share proof of reserves," the Crypto.com CEO said.
Neither FTX CEO Sam Bankman-Fried nor any FTX official has provided its users with clarity as to why FTX’s website was taken down.
Cryptocurrencies understood to have exposure to Sam Bankman-Fried, FTX, and Alameda Research appear to have been impacted the most.
BTC and altcoins collapse following news that Binance declined to purchase FTX. Analysts share their perspectives on what’s next for the market.
Further losses come in step with confusion over the future of FTX under Binance, while CPI data looms on the horizon.
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.