Binance Plays Chess With Troubled Crypto Firms Struck by FTX Contagion

The US Senate has also spoken out about the collapse, leading to the introduction of comprehensive cryptocurrency legislation. The post Binance Plays Chess With Troubled Crypto Firms Struck by FTX Contagion appeared first on BeInCrypto. дальше »

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Crypto Exchanges Huobi, Poloniex to Form 'Strategic Partnership'

Cryptocurrency exchange Huobi has said it will form a "strategic partnership" with Poloneix, following rumours last week that the two firms were planning to merge. дальше »

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Bankruptcy court told FTX and Alameda owe BlockFi $1B, but it’s complicated

While BlockFi has attempted to separate itself from FTX and Alameda in its bankruptcy proceedings, it has many financial ties to firms owned by SBF. дальше »

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US lawmaker questions major crypto exchanges on consumer protection amid FTX collapse

Binance, Coinbase, Bitfinex, Gemini, Kraken and KuCoin were targets of one senator's probe into protections the firms had in place if a failure similar to FTX’s occurred again. дальше »

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Is selling now overdone for the Compound token?

The Compound token has been stable after a bear market Prolonged crypto winter and liquidity issues facing crypto firms remain a threat COMP token could accelerate weakness if buying strength remains weak The Compound token (COMP/USD) looked poised for a sustained recovery in June. дальше »

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Binance, Coinbase Among Crypto Firms Questioned by US Senator After FTX Mess

Binance.US and Coinbase (COIN) are on a list of crypto companies questioned this week by the chairman of the U.S. Senate Finance Committee about how they protect the investors using their services in light of the widespread damage caused by the fall of FTX. дальше »

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Why Do Crypto Lenders Keep Blowing Up?

Liquidity issues at BlockFi, Genesis, Celsius and other lending firms has tarnished this once promising growth sector. But not all crypto lenders are created equal. дальше »

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Crypto fund investment still dominated by the United States: Database

Crypto database shows that most firms are venture capital at 52.8%, followed by hedge funds with 44.3% and then private equity and mutual funds at 2.9%. дальше »

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BlockFi becomes another victim of the FTX collpase with bankruptcy filing

The FTX downturn is gradually spreading to more cryptocurrency firms as BlockFi is the next firm to file for bankruptcy. The post BlockFi becomes another victim of the FTX collpase with bankruptcy filing appeared first on CryptoSlate. дальше »

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Non-crypto firms affected by FTX collapse

FTX’s bankruptcy has resulted in a daunting downturn for several crypto-related companies and non-crypto companies globally. дальше »

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American regulators to investigate Genesis and other crypto firms

Alabama and several other U.S. states are investigating alleged securities violations and connections with retail investors.

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Disaster looms for Digital Currency Group thanks to regulators and whales

Regulators failed to regulate, and venture capital firms invested without conducting the proper due diligence.

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Uzbekistan issues first crypto licenses to two local ‘crypto stores’

Starting from January 2023, only licensed cryptocurrency firms will be allowed to provide cryptocurrency trading services to Uzbek citizens. дальше »

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Independent research verifies GBTC’s 633K Bitcoin: So why won’t Grayscale?

In the wake of the FTX crisis, proof of reserves has been a trending topic, and it seems when firms are unwilling to provide it, analysts may step in. дальше »

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CrossTower considers acquiring other crypto firms besides Voyager

Crypto exchange CrossTower is considering further acquisitions in addition to Voyager Digital. The firm's CEO said the exchange would favor companies committed to transparency and compliance. дальше »

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FTX Contagion Revives Dreaded 2022 Crypto Knell – the ‘Withdrawal Halt’

The downfall of the FTX exchange has caused a domino effect: a growing list of crypto firms, such as BlockFi and Genesis, halting withdrawals. CoinDesk counts 15 of these announcements just this year. дальше »

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FTX collapse triggers second thoughts on Busan City's crypto exchange plans

The Busan city administration has signed agreements with multiple crypto firms, including Binance, Huobi Global, Crypto.com, as well as the troubled FTX exchange. дальше »

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Is BNB safe from crypto meltdown?

The collapse of the FTX exchange, a once “sound” crypto exchange, has sent new shivers in the sector. For a once thriving crypto exchange that was bailing out struggling firms, the collapse was least expected. дальше »

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Kucoin On The Spot For Holding Nearly One-Fifth Of Its Reserves In Its KCS Token

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Canaan unveils new line of mining machines

In a recent tweet, crypto firm Canaan unveiled their new generation of mining equipment. The firm believes the new machines will play a huge part in achieving the firms goals in the blockchain world. дальше »

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Research: Genesis received over $1B worth of FTT from Alameda, FTX in last 3 months

An analysis of the Arkham Intelligence dashboard CryptoSlate Research shows that popular crypto lender Genesis received billions in FTT tokens from bankrupt crypto firms Alameda Research and FTX over the past year. дальше »

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Disney reappoints Genesis adviser Robert Iger as CEO

Disney, according to a press release, has reappointed Robert Iger, adviser at Genesis, as the firms new CEO. The moves seems another step by the firm into their developing interest in the metaverse. дальше »

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Mark Cuban Distances Himself From Crypto Firms Amid Capitulation Wave

Billionaire investor Mark Cuban appears to be making moves to distance himself from crypto companies. Meanwhile, a tweetstorm is brewing elsewhere in the crypto community. The post Mark Cuban Distances Himself From Crypto Firms Amid Capitulation Wave appeared first on BeInCrypto. дальше »

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Nifty News: Chinese firms to offer World Cup metaverse viewings, X2Y2 backtracks on royalties and more

In early November, the Chinese government made an ambitious plan to boost the nation’s VR industry, and now it seems local tech companies are using the World Cup to test-run their products. дальше »

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Crypto Market Forecast: Week of November 21st 2022

A curated weekly summary of forward-focused crypto news that matters. This week, the FTX collapse drives the price of Bitcoin to new lows, FTX contagion causes connected crypto firms to tremble, and assets flow out of exchanges as traders lean towards self-custody. дальше »

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FTX contagion time-bomb will “detonate many trading firms”

Multicoin said they expect to see the contagion fallout from FTX/Alameda over the next few weeks, and many trading firms will be wiped out and shut down. дальше »

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Wall Street Banks Seen as Unlikely Saviors as Crypto Firms Struggle

Crypto true believers say blockchain markets and finance represent an existential threat to the traditional financial industry. But now's probably not the time for Wall Street to gobble up ailing crypto firms, analysts say. дальше »

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Multicoin Expects FTX Contagion To Hold Industry In Its Grips For Weeks To Come

In a letter to its investors, one of the industry’s most notable crypto venture firms, Multcoin Capital, has revealed its thesis for the coming weeks. Managing partners Kyle Samani and Tushar Jain write in a 3,400-word letter that the FTX fiasco does not spell doom for the crypto industry, as critics like Peter Schiff and Nassim Taleb recently did. дальше »

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Jump Crypto denies rumors that it intends to wind down due to FTX losses

According to Jump Crypto, the firm is “one of the most well-capitalized and liquid firms in crypto.”

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Bakkt claims to have no financial exposure to troubled crypto firms

Bakkt Holdings has revealed that it has no exposure to FTX, FTT, Alameda, Genesis, or companies that have halted activities due to the ongoing contagion in the crypto markets. The company made this known in a press release on November… дальше »

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Grayscale claims commerce is continuing as normal with its assets

Greyscale has today officially announced in a recent statement that it would be pausing withdrawals amid the ongoing FTX crisis. This comes after several other firms also paused withdrawals amid the contagion. дальше »

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This Firm Offers 8 To 12 Cents On A Dollar Of FTX User Deposit Claims

The FTX crisis has escalated into a legal battle between bankrupt crypto exchanges and firms whose assets are stuck on its platform. Before FTX froze assets withdrawal, many crypto firms couldn’t recover their funds from the exchange. дальше »

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Crypto firms set to make a difference after the FTX washout

Following the fiasco of the Bahamas-based FTX empire owned by Sam Bankman-Fried, many crypto lords have decided to reposition themselves. This initiative is geared towards evading a similar scenario as the FTX bummer. дальше »

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Meaning of FTX Fall Depends on One’s Politics, US Senate Hearing Shows

The fallout of the FTX collapse has left U.S. lawmakers spinning two distinct narratives: Democrats hail their financial regulators as heroes whose caution saved the disaster from threatening the wider financial system, and Republicans argue it proves resistant agencies chased crypto firms away from the U.S. and into dangerous, unregulated territory. дальше »

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Binance Announces Recovery Fund For Crypto Firms In Liquidity Crisis

In light of the collapse of the cryptocurrency derivatives exchange, FTX, Binance CEO, Chanpeng Zhao, has proposed an ‘industry recovery fund’ to support large crypto projects facing liquidity problems. дальше »

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Attention KCS holders! This week may be far from your expectations because...

Crypto assets or firms, thanks to the FTX exposure, are either being dumped like FTT or closing shop like BlockFi. And allegedly KuCoin exchange’s exposure to FTX spooked users. Amidst the overall bThe post Attention KCS holders! This week may be far from your expectations because... appeared first on AMBCrypto. дальше »

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Crypto Companies Start Toppling Like Dominoes

Several crypto companies and firms are beginning to feel the extent of the damage of the FTX collapse, as some of them have funds stuck in the exchange. The post Crypto Companies Start Toppling Like Dominoes appeared first on BeInCrypto. дальше »

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Embracing Transparency: Gate.io makes its Merkle Tree Proof of Reserves (PoR) Solution Open-Source

Gate. io, in partnership with Aramanino LLP, has made its Merkle Tree Proof of Reserves solution, this being the second successful audit. The two firms conducted the first audit in 2020, which saw Gate. дальше »

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FTX latest: EU license at stake as asset freeze fuels crisis

Amid SBF’s rush to fund up to $8 billion to preserve FTX, several securities regulators have blocked the assets of a portion of Sam Bankman-crypto Fried’s empire and moved to appoint a liquidator for one of his firms. FTX’s Sam… дальше »

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FTX’s Australian entities enter FTX administration

Two Australian firms connected to FTX, which is on the verge of collapsing after rival operator Binance abandoned its purchase offer, have been appointed as administrators by the troubled global cryptocurrency exchange. дальше »

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Bahamas de-registers FTX, “preserving” assets

The Bahamas Securities commission released a statement regarding the FTX saga, stating that it had freezed FTX'x assets. According to the watchdog, the firms actions was against regulations put in place by gorverning bodies. дальше »

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FTX’s ‘Future Fund’ team, cites ‘deceit and dishonesty’

FTX 'future team', in a recent letter, revealed that they would be parting ways with FTX rooting the action to the dishonesty in the firm. This came just after the firms head of institutional sales also resigned. дальше »

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FTX still in crisis, Tether won’t invest

Tether CTO, speaking on twitter, Affirmed that Tether will not get involved in the FTX saga while responding to SBF's efforts to acquire loans from fellow crypto firms adding to the CEO's troubles. дальше »

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US lawmaker warns of ‘major consequences’ for users of unregulated crypto firms, citing FTX

“FTX’s FTT tokens are now worthless, and even worse, FTX.com customers are completely unable to access their funds,” said Maxine Waters. дальше »

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Coinbase, Tether, and Circle deny exposure to Alameda and FTX

Several crypto firms have come out to distance themselves with exposure to FTX crypto exchange and its sister firm Alameda amid the financial crisis facing the two firms. This comes after calls from the crypto community for transparency to let users know if there is any risk. дальше »

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UK Asset Management Giant Abrdn Leads Archax $28.5M Funding Round

Abrdn, one of the U.K.'s biggest asset-management firms, has backed a $28.5 million Series A funding round into digital asset exchange Archax. Abrdn became the firm's largest external shareholder earlier this year. дальше »

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Bitcoin Miners Think Outside The Box To Survive Crypto Winter As Top Firms Look Beyond Web3

The crypto winter has seen prices of digital assets take a nosedive, with market leader Bitcoin (BTC) losing over 55% of its value since the start of the year as miners clutch at straws to stay afloat. дальше »

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Crypto Financial Firm Galaxy Digital Reveals $76.8M FTX Exposure as CEO Novogratz Hunkers Down

The firms also reported a net loss of $68.1 million for the third quarter. дальше »

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Founders should consider VC firms their allies as they build in the bear market

Venture capital firms offer value to startups beyond simply cash. They also bring business experience, broad networks and critical services to the table. дальше »

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USDC Issuer Circle Plans To Pour Investment In Circle Reserve Fund Amid Bearish Market

The USDC issuer has started investing funds into its CRF (Circle Reserve Fund) to ensure that holders can redeem their coins when they want. Many crypto firms faced issues this 2022 due to the market crash. дальше »

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