Binance in Talks with DOJ and Regulators over FTX
The government wants to know what Binance found out about how FTX works. A person with knowledge of the situation says that U.S. authorities, including the Department of Justice, have reached out to the cryptocurrency exchange Binance to find out more about its recent talks with FTX about a possible rescue. The person said that […]
TRX Price Jumps Amid FTX Redemption of Tron-Based Tokens
FTX said that Tron-based assets could be moved to wallets outside of the exchange. After Tron founder Justin Sun agreed to move Tron-based assets from FTX to external wallets, the price of TRX, the network’s native token, went up by more than 140% on the cryptocurrency exchange FTX, from 12 cents to 29 cents. “We […]
FTX U.S Leaves Crypto Council For Innovation
FTX U.S affiliate has resigned from a Washington based industry association in the aftermath of a trading scandal. The United States-based cryptocurrency advocacy organization Crypto Council for Innovation, or CCI, has let go of the position held by exchange FTX U.S. On Nov. 10, CCI CEO Sheila Warren announced that the council had accepted the […]
Ledger Hardware Wallets Affected By FTX Crisis
According to reports on social media, some Ledger hardware users were unable to complete withdrawals using Ledger Live on Wednesday. Ledger, a maker of hardware-based cryptocurrency wallets, has reportedly run into some problems as a result of significant cryptocurrency exchange outflows during the FTX bloodbath. On Nov. 9, Ledger experienced “massive usage” of their platforms […]
Coinbase CEO blames SEC for no regulatory clarity following FTX issue
Brain Armstrong, the CEO of Coinbase, speaking on the effect the FTX liquidity issue is having on American investors, blames the Securities and exchange commission (SEC) for not providing regulatory guidance. While the cryptocurrency exchange anxiously searches for investors, the FTX liquidity issue continues to worsen. The present issue has caught the attention of regulators […]