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. One of Genesis’ officials formerly served as a director at FTX in Hong Kong. The firm used …
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Arweave now appears to be heading upward. Despite coming at a discount, the market for Litecoin is volatile. While investors can wait patiently for a […] Go to Source
Tamadoge buyers became very aggressive (towards the end of the last daily session) and they started a bullish run which break the market away from the […] Go to Source
Bulls in the Algorand market are becoming increasingly unable to withstand bearish pressure. Towards the end of October, the market broke out of the consolidation […] Go to Source
The $2.24 price level was a point of strong indecision for the UMA market. The market was in a gridlock situation until the bears were […] Go to Source
Binance CEO Changpeng Zhao says the FTX collapse is not going to destroy the crypto industry but it is a setback. In a new interview with CNBC, Zhao says the FTX collapse that sent crypto markets trading downward and emboldened skeptics is only a temporary issue on the road to a healthier industry. “This incident …
A bill was introduced into the Russian State Duma, the lower house of parliament, on Nov. 17 that would legalize cryptocurrency mining and the sale of the cryptocurrency mined. Cryptocurrency cannot currently be used for settlements in Russia. The proposed law reads, “Digital currency obtained as a result of mining can be disposed of by …
London-based investment manager Man Group Plc is preparing to launch a cryptocurrency hedge fund, signaling continued investor appetite for digital assets in the wake of FTX’s monumental collapse earlier this month. Bloomberg reported on Nov. 18 that Man Group is preparing to launch its crypto-focused hedge fund through its computer-led trading unit AHL. Citing private …
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The cryptocurrency sector is the Wild Wild West in comparison to traditional finance, yet a number of banks are showing interest in digital assets and decentralized finance (DeFi). This year in particular has been notable for banks exploring digital assets. Most recently, JPMorgan demonstrated how DeFi can be used to improve cross-border transactions. This came …
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Bitcoin has yet to enjoy a smooth sailing year. Macroeconomic events and industry incidents have largely hampered its growth since its November 2021 record high […] Go to Source
Over the last 24 hours, the cryptocurrency market cap saw net inflows of around $8 billion and currently stands at $836.19 billion as of press time — up 0.98% from $828.16 billion on Nov. 17. Bitcoin’s market cap increased by 1% to $322 billion from $318.5 billion. Ethereum’s market cap rose by 1.28% to $149.1 …
An analysis of the FTX and Alameda Research collapse has been published by the blockchain and crypto analytics firm Nansen and the report notes that the Terra stablecoin collapse, and the liquidity crunch that ensued, likely started the domino effect that led to the company’s implosion. The study from Nansen further details that “FTX and …
Litecoin rallied to a one-week high on Friday, as the token rose for a second consecutive session. The move saw prices climb by close to 8% earlier in the day, and comes as crypto markets mostly traded higher. Uniswap also gained, rebounding from recent losses. Litecoin (LTC) Litecoin (LTC) was a notable gainer on Friday, …
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Amid the craziness tied to the FTX collapse, the latest Garbage Pail Kids (GPK) non-fungible token (NFT) collection takes aim at the crypto industry, roasting subjects like the LUNA collapse, Bored Ape Yacht Club, and Cryptopunks. Following the release, GPK’s parent company Topps explains on the firm’s NFT marketplace website that the packs of “Non-Flushable …
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A group of customers of the recently collapsed crypto exchange FTX, is organizing to take legal action against the company. The suit would be led by Ray Nasser, CEO of Arthur Mining, and will be brought by customers who had more than $100,000 on the exchange by the time of its bankruptcy. Brazilian Customers to …
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