Global investment bank JPMorgan has warned of the crypto market facing weeks of deleveraging stemming from the crisis at Sam Bankman-Fried’s crypto exchange FTX.com and trading platform Alameda Research. The firm’s analysts also predicted that
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Venture capital giant Sequoia Capital is marking its investment in the embattled crypto exchange FTX down to $0. “In recent days, a liquidity crunch has created solvency risk for FTX,” the firm stressed, adding that
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It’s fair to say that the first ten days of November have been nothing short of historic in cryptocurrency markets. The turmoil surrounding FTX, and its all-but-confirmed collapse, seems to have eclipsed both Luna and
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After disclosing the trading platform Binance would share proof-of-reserves, the exchange published a blog post called “Our Commitment To Transparency.” The Binance blog post shares addresses tied to the world’s largest exchange and it notes
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On Nov. 10, 2022, FTX CEO Sam Bankman-Fried (SBF) addressed the crypto community in a thread posted to Twitter. SBF noted that he messed up and “should have done better” and also detailed that at
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Today, almost all major stablecoins de-pegged from their basic currencies, here's why Traders are aggressively shifting their funds to stablecoins as the Alameda/FTX/Binance play enters its most dangerous phase. However, even USD-based assets today are
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SEC chairman has likened FTX to Luna, stating that crypto investors need more protection During his recent appearance on CNBC’s Squawk Box show, SEC boss Gary Gensler came under question about the agency’s investigation into
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Shocking downfall of second biggest cryptocurrency exchange has been compared to Lehman Brothers, Enron and, of course, Theranos during his Thursday Attendance On CNBC’s “Squawk Box,” Galaxy Digital CEO Mike Novogratz compared the troubled FTX
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Amid the market fluctuations on Thursday, data shows the stablecoin tether temporarily tapped a low of $0.961 per unit. Tether’s market fluctuations have affected the decentralized finance (defi) protocol Curve’s 3pool, as the stablecoin pool
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Several altcoins were posting mild increases alongside sudden gain in Bitcoin's price At the time of publication, major cryptocurrencies Cardano (ADA), XRP (XRP), Shiba Inu (SHIB) and Polygon (MATIC) were seen posting gains of between
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