Former basketball star Shaquille O’Neal, who appeared in a commercial for FTX earlier this year, is trying to distance himself from FTX and the crypto industry as a whole. O’Neal has not revealed how much money he received for appearing in a FTX commercial this past June. O’Neal told CNBC his friendship with fellow NBA…
Tag: FTX
Japanese Lawmaker Seeks Token Clarity After FTX Meltdown
A Japanese lawmaker asked for more clarity on cryptocurrency regulation after an industry watchdog failed to alert consumers about the potential for problems around FTX’s native coin, FTT, when it approved the token for a listing earlier this year. “It will become more and more important to ensure transparency for consumers when there are any…
Binance Calling Proof Reserves An “Audit” Is A “Gross Misrepresentation,” says expert
The world’s largest cryptocurrency exchange is seeking to reassure customers, but auditing experts and financial specialists are not buying it. Binance has started publishing data in order to improve trust after the FTX collapse, reports The Wall Street Journal. The cryptocurrency exchanges made the move just a few weeks after Changpeng Zhao (CZ) had come…
Ay, Mami! MiamiCoin Loses Nearly All Its Value As FTX Failure Has Ripple Effects For Miami
Miami Mayor Francis Suarez has touted the beach city as an up-and-coming tech hub, especially since the 2020 covid lockdowns.. But did the Mayor, whose father was the first Cuban born mayor Miami, get a little bit too carried away in the altcoin madness? In early 2021, Miami was being touted as a Bitcoin hub….