Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Grayscale’s digital asset product attention was backed up by Coinbase’s custodial division.However, the crypto exchange did not release the associated wallet addresses for each product.The crypto community wallet addresses of the Bitcoin...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Some 50% of Bitcoin holders are at a loss amid sagged crypto prices.“out-of-money” Bitcoin addresses made up over half of all holders for the first time since March 2020, IntoTheBlock data showed.The analysis highlighted that around 24...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Ontario Teachers’ will write off a $95 million investment in troubled crypto exchange FTX.The pension fund announced the decision as Sam Bankman-Fried’s companies filed for bankruptcy in Delaware and New York.Another firm wrote off $150...
Cryptocoins News / EthereumWorldNews - 2 years ago
Genesis Block’s exposure to bankrupt crypto exchange FTX is reportedly more than $50 million.The considerable exposure has led to the firm suspending OTC trading services.& Withdrawals on the platform are said to be functional as of now.& On...
Cryptocoins News / EthereumWorldNews - 2 years ago
Jump Crypto has clarified that it is well-capitalized and will not be shutting down.The crypto trading firm had revealed considerable exposure to FTX.& & Recent transactions suggested that the firm was liquidating its positions.Jump Crypto h...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Bankruptcy documents filed unveiled loose corporate controls at Sam Bankman-Fried’s crypto exchange FTX.The filing also labeled SBF’s tweets as “disruptive” to proceedings.New CEO John Jay Ray III dubbed the lack...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Binance CEO Changpeng Zhao told CNBC that due diligence during the FTX deal didn’t last long.Zhao said “misappropriation of user funds” at Sam Bankman-Fried’s crypto exchange was clear once the process started.Th...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Another crypto firm announced changes to operations due to FTX’s contagion.The lending department of Genesis Global Trading “temporarily suspended” customer withdrawals and new loan originations on Wednesday, CoinDesk r...
Cryptocoins News / EthereumWorldNews - 2 years ago
Crypto lender BlockFi is reportedly preparing for a potential bankruptcy.BlockFi is planning to lay off some of its employees.& The lender had suspended withdrawals last week due to FTX’s liquidity issues.Significant exposure to FTX was revealed...
Cryptocoins News / EthereumWorldNews - 2 years ago
USDC issuer Circle has announced that crypto payments using the stablecoin are now enabled on Apple Pay.Select businesses will be able to accept USDC in a safer and faster manner using Apple Pay.This move will ensure inclusiveness for crypto-native...
Cryptocoins News / EthereumWorldNews - 2 years ago
FTX hacker reportedly swapped around $50M of $Dai to $Ethereum in a state of “panic” according to intelligence firm Arkham.It is rumored that this hack is an inside job, with Kraken CEO Nick Percoco confirming that they know the identity...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: People close to the matter said that Bankman-Fried and some FTX employees spent the weekend calling investors.SBF hopes to raise capital to make customers whole after allegedly using customer funds to prop up Alameda, Bankman-Fried’...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Ether and ERC20 deposits on centralized crypto exchanges surpassed withdrawals on centralized crypto exchanges as FTX contagion rattled digital asset markets.Tether-backed Bitfinex and leading exchange Binance topped the list for token i...
Cryptocoins News / EthereumWorldNews - 2 years ago
Alameda Research reportedly purchased tokens before their listing on sister firm FTX.A report by WSJ states that the controversial trades are spread across 18 listings and are worth $60 million.& If proven, these allegations could lead to charge...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Uniswap’s trading volumes for Ether skyrocketed to $1.21 billion, beating centralized exchange Binance.$31 billion worth of transactions happened at decentralized exchange venues over the past week.“Not your keys, not your co...
Cryptocoins News / EthereumWorldNews - 2 years ago
TLDR; Famous whistle-blower and privacy advocate Edward Snowden has taken interest on buying the BTC dip for the first time since March 2020. “There is still a lot of trouble ahead” – Snowden warns via his official Twitter accou...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Changpeng Zhao and Vitalik Buterin could develop an improved method for crypto exchanges to show proof of reserves.Binance will be the pilot for the solution, WuBlockchain said on Monday.Proof of reserves became a hot topic in crypto aft...
Cryptocoins News / EthereumWorldNews - 2 years ago
Binance’s CEO CZ issues a warning directed at Crypto Exchanges Crypto.Com and Gate.IO, “Stay Away, Stay SAFU” he says. The warning comes after the recent SBF FTX and Alameda collapse, which has shaken the crypto industry.Crypto.com...
Cryptocoins News / EthereumWorldNews - 2 years ago
Sam Bankman Fried, the son of Two Stanford professors and the ex-CEO of FTX exchange, painted himself as the Robin Hood of crypto. SBF’s motto was effective altruism, but in the end, he did not give as much as promised to charity.FTX’s p...
Cryptocoins News / EthereumWorldNews - 2 years ago
Binance CEO Changpeng Zhao warns about the “cascading effects” following FTX’s collapse on a recent conference in India as reported by Financial Times.CZ believes that the full impact of FTX’s meltdown tragic deteriation is yet to be felt in t...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: FTX has filed for bankruptcy after pausing withdrawals earlier.The chapter 11 bankruptcy filing includes FTX US, Alameda, and around 130 other affiliated entities.Founder and CEO Sam Bankman-Fried has also resigned. Cryptocurrency exc...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: FTX stands to lose its crypto license issued by financial regulators in Cyprus, Bloomberg said on Friday. The license allowed Sam Bankman-Fried’s exchange digital asset services across European markets and jurisdictions. Fr...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Sam Bankman-Fried posted a 15-tweet thread apologizing to users and investors alike. The former crypto billionaire also claimed that FTX U.S. users are fine despite turbulence linked to the Bahamas-based parent exchange. Raising l...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: Tron DAO Reserve tweeted plans to scoop up $1 billion USDT, crypto’s largest stablecoin token issued by Tether. The Justin Sun-backed decentralized autonomous organization upped its USDT deployment from $300 million supposedly “To sa...
Cryptocoins News / EthereumWorldNews - 2 years ago
Tron founder Justin Sun tweeted that a solution was being put together with FTX to “initiate a path forward.” He did not offer any more details and analysts are skeptical of whatever the plan is to rescue FTX. The TRON network’s USDD token also...
