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FTX founder and former CEO Sam Bankman-Fried reportedly got $300 million out of the $420 million raised from a funding round for the bankrupt exchange in October 2021, Wall Street Journal reported on…
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Investors are pulling funds out of major crypto exchanges as a result of the collapse of FTX, JPMorgan analysts have said. In a note to investors Wednesday, analysts at the investment bank noted…
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The community negatively views centralized exchanges due to the recent FTX saga, as Exchanges try to prevent FUD amidst fears of contagion. It is a challenging phase for centralized exchanges as they try…
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The Bitcoin Policy Institute (BPI), a non-profit dedicated to furthering governmental Bitcoin adoption, has released a new report discussing proof-of-reserves (PoR) in the bitcoin and cryptocurrency ecosystem following the FTX collapse, per a…
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Bitcoin (BTC) investors are withdrawing funds from exchanges at a rate not seen since April 2021 with nearly $3 billion in Bitcoin withdrawn over the past seven days. New data from on-chain analytics…
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FTX’s collapse has significantly dented the confidence of investors in centralized crypto exchanges. Amidst the subsequent financial turmoil and reports about the troubled crypto exchange tapping customer funds to fund risky bets, the…
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Bitcoin (BTC) fell further after the Sept. 13 Wall Street open as the dust settled on unexpectedly high United States inflation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price eyes 9% daily…
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Following the decentralized finance (DeFi) boom of 2020, decentralized exchanges (DEXs) solidified their place in the ecosystems of both cryptocurrency and finance. Since DEXs are not as heavily regulated as centralized exchanges, users…
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