Earlier this week, speculation around the liquidity crunch at FTX sent shockwaves across the entire crypto industry. The news that Binance could potentially purchase FTX created a bounce, but when the exchange backed out of the deal yesterday, cryptocurrency prices went into a free fall. … Read More: Crypto Price Crash Update: Why Did FTX Fall? – Here’s…
Read more
An issue that seems to have massively contributed to major crypto exchange Binance’s decision not to acquire FTX is that a significant part of the latter’s team went for the exit. According to Semafor, citing people familiar with the matter, “Most of FTX’s legal and compliance staff quit Tuesday evening, […] leaving few executives who…
Read more
The U.S. regulators are currently investigating FTX.US, Coinbase and Binance in the wake of the collapse of the FTX global crypto exchange. Coinbase CEO Brian Armstrong was not delighted with the news about the United States regulators looking into FTX.US along with Coinbase and Binance.US in the wake of the FTX crisis. Armstrong said that…
Read more
On Nov. 9, the GBTC closed at a record discount of 41% with a one-share price standing at $8.76. Following the FTX bank run, which accelerated by Nov. 7, Bitcoin (BTC) price started to buckle and, at the time of writing, lost 21% in five days. Among the victims of the swift market meltdown is…
Read more
Some Ledger users weren’t able to process withdrawals using Ledger Live on Wednesday, according to social media reports. Hardware-based cryptocurrency wallet provider Ledger has experienced some issues due to massive outflows from crypto exchanges amid the FTX bloodbath, according to its chief technology officer. Ledger saw a “massive usage” of their platforms and suffered a…
Read more
Solana price prediction remains negative, having broken below all significant support levels on all timeframes. Solana has dropped by almost 26% in the last 24 hours and nearly 50% in the last seven days. Solana tokens and NFTs have suffered as a result of the revelation of FTX’s collapse, and on-chain statistics show that greater…
Read more
The story between cryptocurrency exchanges Binance and FTX has quickly unfolded and caused havoc in the crypto market, here’s a breakdown of where it began and where it is now. All dates are Coordinated Universal Time (UTC). Nov. 2 — Reports SBF-founded company held significant amounts of FTT The saga kicked off on Nov. 2…
Read more
According to reports, FTX CEO Sam Bankman-Fried asked investors for emergency funding to cover an $8 billion shortfall during a Nov. 9 investors call. Sam Bankman-Fried has reportedly asked investors for $8 billion in emergency funding to cover a shortfall caused by the flood of withdrawal requests to his crypto exchange in recent days. According…
Read more
CEO Changpeng Zhao (CZ) gave statements to clarify the air amid the FTX ordeal and circumstances surrounding its acquisition by Binance. On Tuesday, FTT, the FTX native token, went to ruins with over 73% decline. It happened after the exchange liquidated its Ethereum holdings to mitigate its insolvency crisis. Before the crisis became known, the…
Read more
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Crypto News Summary: Galaxy Digital’s $77M Exposure to FTX, Temasek’s & Tether’s FTX Comments, Trezor Integrates Hodl Hodl Read more »Sign up for e-EUR – the progressive stablecoin
