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BlockFi Reportedly Prepares for Possible Bankruptcy Filing; Bahamian Supreme Court Approves Liquidators for FTX Assets
Crypto lender BlockFi is reportedly preparing a potential bankruptcy filing because of its "significant exposure" to bankrupt crypto exchange FTX. FTX could have more than 1 million creditors and has been in contact with “dozens” of regulators around the world. The Supreme Court of the Bahamas has approved two insolvency experts at PwC as provisional liquidators overseeing FTX's assets.
NFT-Linked Sandals Worn by Steve Jobs Sold for $218K
"The Hash" panel discusses the latest in the world of digital collectibles after a pair of Polygon NFT-linked Birkenstock sandals worn by Apple co-founder Steve Jobs sold for $218,000 at auction.
Amazon Reportedly Plans to Lay Off 10K Employees Amid Tech Rout
Amazon is said to cut approximately 10,000 jobs which could begin as early as this week, according to The New York Times. "The Hash" panel discusses what this means for the crypto industry as the tech rout widens.
EU May Ban Privacy-Enhancing Crypto Coins, Leaked Draft Reveals
The European Union could ban banks and crypto providers from dealing in privacy-enhancing coins such as zcash, monero and dash under a leaked draft of a money laundering bill obtained by CoinDesk. "The Hash" panel discusses the outlook for crypto regulation.
FTX Accounts Drainer Transfers Millions in Stolen Crypto, Becomes 35th-Largest Ether Holder
The unknown actor behind last week’s $600 million exploit of crypto exchange FTX transferred more than 21,555 ether (ETH), or over $27 million, in stolen funds to a single address during European morning hours on Tuesday. "The Hash" panel discusses the latest in the FTX collapse.
What’s in the Crypto Legislation Backed by Sam Bankman-Fried?
U.S. Senators are planning to push forward with the bipartisan Digital Commodities Consumer Protection Act (DCCPA) crypto legislation backed by Sam Bankman-Fried despite the implosion his crypto exchange FTX. "The Hash" panel discusses the potential outcomes and Bankman-Fried's political reach in the latest fallout.
FTX Fallout Is a 'Confidence Crisis' In the Crypto Ecosystem
ConsenSys Head Economist Lex Sokolin discusses the FTX collapse and impact on the crypto industry, saying it's a "confidence crisis in the ecosystem as a whole." While the continued fallout from the now-bankrupt exchange is weighing on crypto prices, Sokolin argues, "prices are not the end goal."
Crypto Wallets: Hot Vs. Cold
Host Joel Flynn discusses the increasing interest in self-custody for digital assets. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."
FTX May Have More Than 1M Creditors, New Filings Say
FTX may have more than 1 million creditors, according to a court filing that began to explain the company's descent into bankruptcy. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details. Plus, the latest on the liquidators approved by the Bahamian Supreme Court for FTX's assets.
Bitcoin Flirts With $17K as New Report Hints Inflation May Be Easing
Bitcoin (BTC) is trading steadily right below the $17,000 level, as the Producer Price Index for final demand increased 0.2 percent in October. ConsenSys Head Economist Lex Sokolin discusses the U.S. latest economic data and his crypto market analysis as investors grapple with the impact of FTX filing for bankruptcy.