CoinDesk: Online Investing Platform BnkToTheFuture Drops Plan to Acquire Crypto Lender Salt Lending Due to FTX Exposure
The deal fell apart just about two months after it was announced.
The fallout of the FTX collapse has left U.S. lawmakers spinning two distinct narratives: Democrats hail their financial regulators as heroes whose caution saved the disaster from threatening the wider financial system, and Republicans argue it proves resistant agencies chased crypto firms away from the U.S. and into dangerous, unregulated territory.
The bankrupt crypto lender’s new CEO told the judge Celsius Mining has approximately 40,000 mining rigs.
CoinDesk: What’s the Matter With Delaware? How Joe Biden’s Home State Became a Global Tax Avoidance Hub
Delaware is helping companies cheat the other 49 states of tax revenues – and that’s just the tip of the iceberg.
Alameda led funding rounds into both companies earlier this year.
Lex Sokolin, head economist of the decentralized protocol platform, discusses why crypto’s future shouldn’t be married to FTX’s collapse.
All 19 of the congressional candidates backed by the crypto industry’s most widely supported political action committee, GMI PAC Inc., won their races last week, sending 16 new members to the House and Senate. But that positive performance is also at least somewhat eclipsed by the ongoing FTX meltdown.
BlockFi has paused withdrawals and customer deposits.
Silvergate shares were down about 7% while other crypto-linked stocks rallied Tuesday.
The ex-CEO of bankrupt crypt exchange FTX claims liquidity, not insolvency, is the issue.
Two weeks ago, I thought the biggest story for the week of Nov. 8 would be the U.S. midterm election. Control of both the House and the Senate were up for grabs, with the future of crypto legislation at stake. All of that’s still true, but FTX collapsed in incredible and rapid fashion, with the effects reverberating throughout the world, and that’s really taken precedence in both crypto interest and national attention right now.