Crypto buyers are disillusioned after what looked like a gradual recovery went haywire this week. This time, a renowned crypto exchange FTX went south in a liquidity crunch. Although this scenario is not new, the fact that it touches an exchange that was touted as sound remains…
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News in a Glimpse: Investors are among those who stand to lose the most if FTX, one of the world’s largest cryptocurrency exchanges, fails and is bought out. Tom Brady, […]
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Grayscale Bitcoin Trust (GBTC) is now trading at its all-time low discount of more than 40% to the spot price of Bitcoin.
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Ethereum block explorer Etherscan shows that withdrawals began leaving the exchange again at around 11 a.m. ET.  The post FTX appears to be processing withdrawals again, on-chain data show appeared first on The Block.
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Chainlink (LINK/USD) is back in the consolidation zone – between $6 and $8. The token had last week broken past $8 to $9.45, igniting a potential bull run. Following a crypto crash, LINK is back in the consolidation zone. But how do the latest developments help? LINK…
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Coinbase head Brian Armstrong says the collapse of crypto exchange FTX may make US politicians more skeptical of the crypto industry. In a new interview with Bankless, Armstrong weighs in on the collapse of the crypto empire of Sam Bankman-Fried who launched FTX. “I’m trying to make…
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FTX CEO Sam Bankman-Fried told an investor that sister company Alameda Research owes the exchange about $10 billion, according to The Wall Street Journal. The post FTX lent Alameda billions of dollars in customer assets: WSJ appeared first on The Block.
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Aptos has partnered with Google Cloud. The two companies have planned a joint accelerator program and a co-hosted hackathon for next year. The post Aptos and Google Cloud unveil partnership, plan for accelerator program appeared first on The Block.
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The Wall Street Journal reported that the downfall of FTX was preceded by their practice of using client…
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The recent crisis in the world’s third-largest crypto exchange, FTX, is creating more devastating conditions in the Bitcoin and crypto market. Over the past few days, the FTX token (FTT) has lost more than 70% of its value. The events seem to have unlocked the bears into…
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