Congress is scrambling for a response to the calamitous collapse of the FTX cryptocurrency exchange, with some in Washington seeking greater regulatory oversight of the digital markets.
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FTX fiasco means coming consequences for crypto in Washington DCHopefully, lawmakers will make an effort to target the specific issues related to FTX instead of using the moment to engage in aimless regulation.
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FTX hacker dumps 50,000 ETH, still among top 40 Ether holdersThe FTX hacker drained nearly $447 million out of multiple FTX global and FTX.US exchange wallets just hours after the crypto exchange filed for Chapter 11 bankruptcy on Nov. 11.
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Coinbase, MicroStrategy Bonds Tank as FTX Collapse Dents Institutional Confidence in CryptoHigh bond yields are reflective of sharply higher interest rates as well as genuine skepticism about the long-term viability of crypto amongst institutional investors, one investor said.
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FTX Japan Preparing to Allow Withdrawals by Year-End: ReportThe Japanese arm of bankrupt crypto exchange FTX_Official is preparing to resume customer withdrawals by the end of the year, according to a report. By JamieCrawleyCD
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'FTX drainer' swaps another 20,000 ether for bitcoinAfter days of consolidating its ether (ETH) holdings, the FTX drainer is now swapping ETH for bitcoin with $72 million moved thus far.
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