Istanbul Blockchain Week opened its doors on Nov. 14 to bring the crypto and blockchain ecosystem together in İstanbul, Turkey. Cointelegraph attended the event with a Cointelegraph Turkey booth and an İstanbul-based editor to experience the impact of the FTX collapse firsthand — the result was unexpected. As an international hub housing more than 15 million people, İstanbul was shaken […]

Ripple price is struggling below $0.400 against the US Dollar, similar to bitcoin. XRP price must stay above $0.3200 to attempt a fresh increase in the near term. Ripple Price Analysis This past week, ripple price saw a bearish reaction from the $0.4000 zone against the US Dollar. The XRP/USD pair declined below the $0.3880 support zone to move into […]

U.S. lawmakers are set to probe into the details surrounding the collapse of FTX. The congressional hearing could see Binance CEO CZ and Sam Bankman-Fried make an appearance to give first-hand accounts. Sam Bankman-Fried’s political donations in the past will not be able to insulate him from the pressure from lawmakers with some blowing hot about possible jail time. FTX’s […]

Larry Summers, the “American economist who served as the 71st United States secretary of the treasury from 1999 to 2001,” says that the high-profile collapse of crypto exchange FTX is comparable to the Enron scandal of the early 2000’s.  Speaking in an interview with Bloomberg, Summers argued that while many were comparing FTX’s bankruptcy to that of banking giant Lehman Brothers in 2008, the […]

Relai – a Swiss bitcoin app – is joining hands with Checkout.com to allow all its customers to purchase mainstream digital currency tokens like bitcoin and Ethereum. Relai and Checkout.com… A Perfect Match? The move is slated to improve crypto adoption and give the space a stronger level of legitimacy. Checkout.com is a global payments provider that works with companies […]

As part of the recent bankruptcy filing, the defunct crypto exchange FTX, along with 101 of the 130 affiliated companies, announced the launch of a strategic review of their global assets. The review is an attempt to maximize recoverable value for stakeholders.  FTX, at the time led by CEO Sam Bankman-Fried (SBF), filed for Chapter 11 bankruptcy on Nov. 11 […]

The complete list of entities that invested in FTX in the seed financing round as well as in the A, B, and C funding rounds has been shared by anonymous cryptocurrency analyst @frxresearch.  The CEO of Binance, Changpeng Zhao, responded to the tweet which claimed  that Binance Labs, a VC division of Binance that invested in FTX in the Series […]

The crypto community on Twitter is heavily criticizing the mainstream media for its poor and biased coverage of the collapse of cryptocurrency exchange FTX.  In a piece published on Nov. 18 by Forbes Magazine, the CEO of FTX’s affiliate company Alameda Research, Caroline Ellison, has been dubbed “Queen Caroline.” The magazine attempts to portray Caroline Ellison in a neutral light […]

In a recent interview, Alfred F. Kelly, Jr. (aka “Al Kelly”), who is Chairman and CEO of Visa Inc., said that he hopes that the collapse of FTX will lead to good crypto regulation, which is “what’s necessary to build back confidence for people.” According to a report by The Daily Hodl, the outgoing CEO of the world’s second-largest card […]