Coinbase said it is laying off more than 60 employees amid a turbulent market startled by the possible demise of fellow cryptocurrency exchange FTX.The U.S.-based Coinbase said in a statement the plan...
Tag: Companies
Binance hires UK director, invokes need to comply with regulators
While flagging efforts to remain above board in the United Kingdom, Binance announced it hired a new director. In a LinkedIn post, Binance Regional Manager of Europe and the UK Ilir Laro said his comp...
Voyager has no assets on FTX, says deal not done
Bankrupt crypto lender Voyager has not transferred any crypto or assets to FTX, Voyager’s Official Committee of Unsecured Creditors tweeted. Voyager’s planned deal to sell its assets...
Bahamian regulator investigating problems at FTX: Tribune
A Bahamian regulator is investigating problems at crypto exchange operator FTX, local newspaper The Tribune reported citing unnamed sources. FTX Digital Markets, an FTX unit, is licensed in the...
Tron, FTX broker deal for customers to withdraw certain tokens
A deal brokered between Tron and FTX will soon facilitate withdrawals on the struggling exchange. On FTX, 1:1 withdrawals for digital assets including TRX, BTT, JST, SUN, and HT tokens will be e...
FTX.US warns ‘trading may be halted’ in coming days
FTX.US said that it may halt trading in the coming days. “[T]rading may be halted on FTX US in a few days. Please close down any positions you want to close down. Withdrawals are and will ...
Wall Street sees tightening of regulatory screws after FTX crypto catastrophe
Wall Street may not have seen the FTX debacle coming, but veterans of traditional finance recognize that once the dust settles there will be a new crypto paradigm. “Wall Street is clearly spook...
‘Urgent need for legislation’ after FTX collapse, says Maxine Waters
There is an “urgent need for legislation” after the sudden collapse of crypto exchange FTX, Rep. Maxine Waters, D-Calif., said in a statement. Waters, the chair of the House Financia...
Crypto Companies – You Have Been Warned
Gary Gensler, the chair of the Securities and Exchange Commission (SEC), has fired a warned shot at the crypto industry saying that: “We need to protect crypto investors because the runway is getting ...
Cathie Wood buys Coinbase dip, crypto stocks rise
Crypto-related stocks rose, far outpacing the broader crypto market and slightly outpacing the S&P 500, following positive inflation data in the U.S and news that Ark Invest bought the Coinbase di...
Crypto Companies Warned Amid FTX Fall
Gary Gensler FTX Comments: After the fallout of Sam Bankman-Fried‘s FTX, Gary Gensler spoke on the crypto crash and the way forward. The US arm of FTX is already under investigation by the US SEC over...
FTX lent Alameda billions of dollars in customer assets: WSJ
Crypto exchange FTX lent about $10 billion to sister company and trading firm Alameda Research, according to The Wall Street Journal. The report, citing a conversation with CEO Sam Bankman-Fried...
FTX appears to be processing withdrawals again, on-chain data show
Beleaguered crypto exchange FTX appears to have begun processing withdrawals again, following a more than 48-hour shutdown. Block explorer Etherscan shows that withdrawals began leaving the exch...
Binance CEO says El Salvador told him it doesn’t have funds stuck on FTX
Binance CEO Changpeng Zhao said he spoke with El Salvador’s president Nayib Bukele, who denied that the Central American country had any funds on FTX’s exchange. “Man, the amo...
Grayscale Bitcoin Trust trading at discount of more than 40% amid market tumult
The Grayscale Bitcoin Trust (GBTC), which has been trading at a discount since the beginning of 2021, hit a record low on Wednesday. GBTC is currently trading at a discount of -40.7%, its lowes...
FTX’s demise part 2 with Wintermute’s Evgeny Gaevoy and CryptoQuant’s Ki Young Ju
Episode 110 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro, Wintermute Founder and CEO Evgeny Gaevoy, and CryptoQuant Co-founder and CEO Ki Jung Ju. Listen belo...
Which crypto companies have exposure to FTX?
With the fate of crypto exchange FTX hanging in the balance, many of crypto’s most notable companies have taken to social media to clarify whether they have exposure to the exchange, its native token ...
Justin Sun says he is working on “solution” with FTX
Justin Sun, the billionaire founder of the Tron blockchain, said late on Nov. 9 that he is working on a solution with FTX, the crypto exchange engulfed in a liquidity crisis. In a tweet, Sun sai...
Sequoia says its investment in FTX is now worthless
Sequoia Capital, a leading venture capital firm, said in a letter to its limited partners that it has marked down the value of all its investments in FTX to zero. The letter, sent today by th...
FTX tells investors bankruptcy is likely without fresh cash: Bloomberg
FTX founder and CEO Sam Bankman-Fried told investors that the crypto exchange would need to file for bankruptcy without a cash injection, Bloomberg News reported, citing a person with direct knowledge...
Instability hits FTX website during crypto market tumult
Embattled crypto exchange FTX is struggling to stay online. FTX’s international website is online at the time of publication. “We’re sorry, something went wrong while processin...
Binance bailed on FTX. It’s not the first time the firm has backed out of a deal
Binance pulled out of its deal to acquire FTX after reviewing the exchange’s financials. It’s not the first time it’s bailed on a deal. The skepticism was almost immediate foll...
Stronghold Digital Mining misses analyst estimates with $49.6 million Q3 loss
Stronghold Digital Mining reported a net loss of $49.6 million in the third quarter, which badly missed analyst estimates. The results, its first since announcing a series of debt restructuring...
Binance backs out of FTX acquisition deal
Crypto exchange giant Binance will not buy FTX after reviewing the company’s financials. “Our hope was to be able to support FTX’s customers to provide liquidity, but the issue...
Cboe Digital reassures customers of asset safeguards
U.S.-regulated crypto exchange and clearinghouse Cboe Digital issued a letter today to customers to reassure them about asset safeguards as questions mount about the FTX liquidity crunch. “...
Dan Tapiero says he’s not ‘all that worried’ about FTX crash
Crypto investment firm 10T Holdings is actually “doing ok” this year despite market volatility surrounding the collapse of FTX, hedge fund veteran Dan Tapiero said at the Token2049 confere...
Bitmex to proceed with token launch, says no exposure to FTX
Crypto exchange Bitmex, which says it has no FTX or Alameda exposure, plans to launch a native crypto token for traders on Friday, regardless of market volatility amid the collapse of Sam Bankman-Frie...
Genesis reports losses of around $7 million after hedging against market volatility
Crypto trading and lending firm Genesis Trading reported losses of around $7 million “across all counterparties” that include Alameda Research after it hedged and sold collateral on Tuesda...
Inside FTX’s demise with Framework Ventures Co-founder Vance Spencer
Episode 109 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro and Framework Ventures Co-founder Vance Spencer. Listen below, and subscribe to The Scoop on Apple, S...
U.S. regulators investigating FTX’s handling of customers funds, relationship with FTX.US: Bloomberg
Officials at the Commodity Futures Trading Commission and the Securities and Exchange Commission are investigating crypto exchange FTX, according to a Bloomberg report. The inquiry is focused on...