Professional esports organization TSM has suspended its partnership with FTX and dropped ‘FTX’ from its name. And it’s far from being the only company to end ties with the collapsed crypto exchange. Per the TSM announcement, the FTX branding will be removed from player jerseys, as well as from all media profiles owned by the…
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Terra (LUNA) founder Do Kwon and the Luna Foundation Guard (LFG) spent as much as 80,000 bitcoin, worth a whopping $2.8bn, to defend the algorithmic stablecoin UST’s dollar peg, a new audit report has revealed. The newly revealed numbers were shared by Do Kwon himself in a Twitter thread on Wednesday, after Luna Foundation Guard…
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New FTX CEO John Ray reveals today in a court declaration “the complete failure of corporate controls” at bankrupt crypto exchange FTX. FTX CEO John Ray lays bare the enormity of the task he faces in finding and securing the property of the debtors as the liquidators seek to unravel the governance and management nightmare…
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Towards the end of the year, crypto investors may want to take stock of their portfolios and rebalance to take advantage of future gains. This article will examine some of these digital assets and the fundamentals that could support their price surges. … Read More: Whales Believe These 3 Coins Have Potential to 25x By 2023…
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The untimely collapse of FTX and its sister company Alameda has had far-reaching implications on the cryptocurrency market. As investors go back on the drawing board, they may consider assets like Dash 2 Trade (D2T), Trust Wallet (TWT), RobotEra (TARO), Chiliz (CHZ) and Calvaria (RIA). These crypto assets could offer relief from the mess left…
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Tether, the issuer of the major stablecoin USDT, denied having exposure to either Genesis Global Capital or Gemini Earn. Some, however, wonder how it is possible for such a large company not to be affected by any of the massive events that shook the crypto space this year. The company said in an announcement that…
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Over the course of the last few weeks, the crypto market has taken a serious tumble thanks to the collapse of FTX. The contagion has been spreading out into the wider ecosystem and many other companies have already bankrupted themselves. However, there are some presales that have been doing extremely well despite the downturn, and…
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XRP price is far from untangling from the sell-off triggered by the FTX crypto crash. However, bulls seem to hold firmly to a support established at $0.3500. As highlighted in the eight-hour time frame chart, XRP has tapped into a crucial demand area. Here’s where it’s headed next…. Read More: XRP Price Prediction as XRP…
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Cardano price prediction is bearish until it breaks out of a descending triangle pattern that provides resistance at $0.3445. Cardano’s price has slipped by more than 4% in the last seven days. On the lower side, Cardano is likely to gain immediate support near $0.4160 or $0.2915. Can we expect the Cardano price forecast to be bullish,…
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The FTX contagion keeps spreading. Among the most recently affected companies is Liquid exchange, which has now suspended withdrawals from its platform. The company said on Twitter that, “Fiat and crypto withdrawals have been suspended on Liquid Global in compliance with the requirements of voluntary Chapter 11 proceedings in the United States.”… Read More: FTX Contagion: This Crypto Currency…
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