Funds said to be stolen from the now-bankrupt crypto exchange FTX are on the move and likely headed for exchanges as hackers attempt to cash out the proceeds. According to an update from the blockchain intelligence company Chainalysis, the funds have already been converted from Ethereum (ETH) to Bitcoin (BTC) through RenBridge (REN), a protocol…
Read more
During the European session, Bitcoin continued to trade sideways, but overall the trading bias remained positive above the triple bottom support area of the $15,800 level. Digital Currency Group (DCG), a key player in the cryptocurrency sector, announced Monday that it is the parent company of several well-known companies, including Genesis and Grayscale. Genesis is the only full-service…
Read more
According to the CEO of CME Group, Terry Duffy, the executive met with former FTX CEO Sam Bankman-Fried (SBF) last March at a conference, and Duffy ended up calling the FTX frontman a “fraud.” When Duffy sat down with SBF, the former FTX executive said his end goal was to compete with CME Group. Last…
Read more
FTX reminded us that users need strong decentralized platforms to conduct their business — not gatekeepers capable of misusing their funds. The rapid implosion of FTX has led general investors and crypto believers alike to question the validity of crypto and, indeed, predict its end. But, an understanding of history points not to crypto’s demise…
Read more
FTX exposure risk has not stopped Serum price from a massive rally despite major cryptocurrency exchanges delisting SRM. Serum, a “decentralized exchange” on the Solana blockchain, has performed exceptionally well in terms of its SRM token price, despite it ties to the defunct FTX exchange. SRM price up 140% in one week On the daily…
Read more
The crypto market has recently witnessed different shades of events, impacting several assets negatively, such as Ethereum. The collapse of the FTX crypto exchange is still causing many downtrends in the market. The overall price trend in the market has maintained a southward move beyond expectations. Besides the FTX saga, other activities have been erupting…
Read more
The arch-bitcoin (BTC) skeptic Peter Schiff has said that BTC’s actual price is much lower than what we’re currently seeing, that it will drop significantly more, and that bitcoin mania is “over”. Last week, in a Twitter thread, Schiff shared his opinion on recent Grayscale’s bitcoin trust (GBTC) performance, focusing on the net asset value…
Read more
The Bitcoin balance of Binance, the world’s largest cryptocurrency exchange, has risen significantly over the past month following the collapse of FTX, with total holdings now nearing 600,000 BTC. According to data by crypto analytics platform Coinglass, Binance currently holds over 575,000 BTC coins, having added more than 137,011 coins just over the past week and a…
Read more
The Brazilian cryptocurrency bill, sidelined several times due to the general election ballot that happened on October 30, might be discussed and voted on during the following week. According to reports, the project identified as 4.401/2021 will be on the agenda for being discussed by the Chamber of Deputies, marked as urgent, and listed to…
Read more
Bitcoin price rumors abound as GBTC comes in for a dose of cold feet thanks to FTX. Bitcoin (BTC) starts a new week still replaying November 2020 after its lowest weekly close in two years. The largest cryptocurrency, just like the rest of the crypto industry, remains highly susceptible to downside risk as it continues…
Read more
