On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss if Bitcoin can actually drop all the way down to $12,000 or $14,000 and how the markets could potentially react.
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FTX reportedly used Alameda's bank accounts to process customer funds
Former FTX CEO Sam Bankman-Fried, in a conversation with Vox admitted to using Alameda’s banking facilities for FTX user deposits.
First US State where you can no longer mine crypto: Law Decoded, Nov. 21-28
New York governor Kathy Hochul signed the moratorium, prohibiting any new mining operations that aren’t based on 100% renewable energy.
National Bank of Ukraine releases draft concept for digital hryvnia
One of the design options for the Ukrainian CBDC describes the e-hryvnia available for usage in crypto exchange operations.
Israel's chief economist lays out recommendations for crypto regulation
The chief economist said the Supervisor of Financial Service Providers and the Israel Securities Authority should be granted more powers to oversee the industry.
Calls for regulation get louder as FTX contagion continues to spread
The FTX saga has made some crypto executives, researchers, analysts, and politicians more aligned on regulation than ever.
FTX resumes employee and contractor payments after weeks in limbo
The payments will exclude former FTX CEO Sam Bankman-Fried, and certain former execs including Gary Wang, Nishad Singh, and Alameda's Caroline Ellison.
ECB president reiterates calls for 'MiCA II' in response to FTX collapse
In June, Christine Lagarde said a potential MiCA II framework “should regulate the activities of crypto-asset staking and lending, which are definitely increasing.”
US House committee sets Dec. 13 date for FTX hearing
The House event, titled "Investigating the Collapse of FTX," will follow a similar hearing in the Senate Agriculture Committee scheduled for Dec. 1.
Kraken settles with US Treasury's OFAC for violating US sanctions
The U.S.-based crypto exchange agreed to pay more than $362,000 as part of a deal “to settle its potential civil liability” related to violating sanctions against Iran.
FTX collapse put the Singapore government in a parliamentary hot seat
The opposition party MPs has questioned the credibility over its failure to protect retail investors from FTX collapse and had demanded data on the extent of losses incurred by the investors.
FTX fall was ‘incredibly damaging,’ crypto must foster real utility: Ripple policy lead
Ripple’s APAC policy director said the collapse of FTX is exactly why crypto needs to move away from "hype cycles" and towards "real utility."
Taking down crypto influencers is one step that would help to heal the market
The EU moved in the right direction by passing a law requiring influencers to disclose the risks associated with crypto. More countries should follow their lead.
New York's mayor seeks balance with regulators after PoW mining moratorium
Adams said New York is still focused on becoming a crypto hub, but statewide efforts to reduce emissions can be combined with this goal.
Canada crypto regulation: Bitcoin ETFs, strict licensing and a digital dollar
The first and the last major attempt to encourage a comprehensive crypto framework was buried in the House of Commons on Nov. 23.
SEC chair's crypto oversight strategy in question as ecosystems collapse
Congressman Tom Emmer showed concerns about the oversight strategy implemented by Gary Gensler, the chair of the U.S. Securities and Exchange Commission for the crypto ecosystem.
DeFi sparks new investments despite turbulent market: Finance Redefined
The last week of November remained turbulent for the crypto market as majority of the DeFi tokens struggled with the market volatility.
FTX’s collapse could change crypto industry governance standards for good
Following FTX’s downfall, experts believe that centralized exchanges will be faced with increased regulatory scrutiny, potentially eliminating a lot of players from the fray.