CRYPTO BUSINESS

With nearly a month following the implosion of the crypto derivatives exchanges FTX, the public is not pleased with the way the issue is being handled by the mainstream media and the U.S. government.

Bankman-Fried could be facing serious legal issues but experts say he can use an interesting defense, and that is, his actions were not criminal and that he was just plain stupid.

The tech billionaire claimed that the $40 million is just a "publicly disclosed number" and that his actual support is "probably over $1 billion."

But while DOGE holders are overjoyed with the meme coin's performance, analysts fear it might be bad news for the entire crypto industry.

The majority of the Terra Classic community, however, were not happy with the court's decision since until now, authorities haven't made any single arrest yet related to the collapse of the TerraUSD and LUNA in May.

"I donated to both parties. I donated about the same amount to both parties," Bankman-Fried disclosed in a recent interview.

The DOJ watchdog likened the spectacular collapse of FTX to "bankruptcy cases of Lehman, Washington Mutual Bank, and New Century Financial."

"Apple's claim is that the gas fees required to send NFTs need to be paid through their In-App Purchase system, so that they can collect 30% of the gas fee," Coinbase said.

Sam Bankman-Fried's PR may have been working in overdrive in the past, considering that it was able to fetch investments from major names in the business world, including the investment arm of Samsung.

The crypto executive's whereabouts are still unknown and despite being on Interpol's red notice list.

Launched in July last year, BONE has come a long way and even reached its all-time high on Oct. 8 when it traded at $3.02.

The billionaire's death is the third in the string of mysterious deaths of crypto leaders over the past weeks.

In a tweet prior to the bankruptcy filing, Bankman-Fried clarified that "FTX US, the US-based exchange that accepts Americans, was not financially impacted by this shitshow. It's 100% liquid. Every user could fully withdraw."

Starting next year, users will not be able to purchase, sell, receive, or send these delisted crypto assets using the Coinbase wallet app.

During the Tuesday hearing, U.S. Bankruptcy Judge Michael Kaplan authorized BlockFi to continue paying its employees and maintain its bank accounts.

Crypto Twitter speculate that the FTX hack could be an "inside job" considering that the hacker was able to siphon the funds of FTX global and FTX US simultaneously despite that they are independent entities.

Musk and his recent acquisition of the social media platform Twitter have been credited for the impressive performance of the meme coin over the past weeks.

There is a misconception among investors each time tokens are sent to centralized exchanges. Most of them think that the holders have sold them or are on a dumping spree.

These kinds of retail investors seemed undeterred by the ongoing crypto market crisis.

The crypto lender said it will use the bankruptcy proceedings to "focus on recovering all obligations owed to BlockFi by its counterparties, including FTX and associated corporate entities."

Is Binance hinting at listing BONE on its exchange? The Shib army hopes so.

Despite this impressive performance in the current bear market, DOGE's price is 84.5% of its all-time high price of $0.682 on May 8, 2021.

The Kraken CEO previously underlined that proof of reserves is not the list of wallets but assets minus liabilities, and it should come with a "cryptographic proof of client balances and wallet control."

The controversial collapse of FTX alarmed authorities all over the world and pushed regulators to have a deeper look at the rules they have set for cryptocurrency businesses.

"[W]hen we boil it down to market fundamentals, we can see that cryptocurrency has survived worse than the fall of FTX. There's no reason to think the industry can't bounce back from this, stronger than ever," the research lead said.

A few officials suggested that "slowing the pace of increase could reduce the risk of instability in the financial system."

BITPoint is the first licensed cryptocurrency exchange in Japan to list Shiba Inu.

Now, the tables have turned.

"To be direct, the very real concern here is that you have been pushing a completely false SBF ownership of Twitter narrative while effectively being his paid shill," Musk told Semafor editor-in-chief ben Smith.