Amber Group said it has no exposure to Alameda or FTT, but it has been an active trading participant on FTX and less than 10% of total trading capital is tied up in the exchange. “While we...
Tag: Companies
Traders share pain of potential losses in FTX collapse
Crypto traders took to Twitter to express shock and disappointment in the wake of crypto exchange FTX’s collapse. The industry’s history is riddled with major collapses, with many no...
Bettors doubting big time that Binance, FTX deal will close, prediction platform shows
A blockchain-based predictions market is showing increasing skepticism that Binance will complete its non-binding deal to acquire the non-U.S. assets of rival exchange FTX as due diligence gets underw...
CZ’s Advice To Crypto Companies Point Out What Went Wrong With FTX
Binance’s decision to purchase the FTX crypto exchange eventually put an end to the uncertainty that shrouded it for the last two days. Although the move shocked the space, it eventually brought to li...
Binance CEO says he didn’t ‘master plan’ FTX’s collapse
One day after news broke that Binance might acquire the non-U.S. assets of FTX amid a liquidity crunch, CEO Changpeng Zhao told staff that the near collapse wasn’t planned and would likely trigg...
Multicoin Capital hit by FTX collapse, with 10% of its fund’s AUM stuck on the exchange
Multicoin Capital, one of the top crypto-focused venture capital firms, is significantly impacted by crypto exchange FTX’s collapse, a letter obtained by The Block shows. The letter, sent ...
SoftBank and BlackRock among FTX investors in the dark over Binance deal
Binance’s agreement to acquire FTX.com has left some of the world’s largest investors in the dark. Beleaguered FTX CEO Sam Bankman-Fried wrote to investors on Tuesday, apologizing f...
Dubai Presses for Crypto Companies to Set Up Shop
The regulator is actively courting companies. James Bernard, founding partner of consultancy JBLV and founding member of the Dubai Global Blockchain Council told CoinDesk that VARA is “inviting some o...
Marathon Digital becomes 2nd largest Bitcoin holder among public companies, has not sold any BTC
Marathon Digital CEO Fred Thiel said on a Nov. 8 earnings call that the company is going through a “transition period” as it looks to grow from 7EH/s to 23EH/s by mid-2023. Marathon increases hashrate...
Genesis, Crypto.com latest companies to distance themselves from FTX crisis
Crypto trading and lending firm Genesis Trading and wallet provider Crypto.com are among the latest companies to distance themselves from the FTX liquidity crisis. The two firms took to Twitter ...
Bankman-Fried apologizes to FTX investors for lack of communication over Binance deal
FTX CEO Sam Bankman-Fried appeared to apologize to investors over a lack of communication about its financial deal with Binance in a letter to investors cited by numerous sources on Twitter. Det...
How an FTX buyout benefits Binance
What does Binance’s possible acquisition of FTX.com mean for the greater industry? For institutional clients, possibly avoiding a lengthy onboarding process. And for Binance, it could mean acces...
The Block: Bitcoin mining stock report: Tuesday November 8
Most bitcoin mining stocks tracked by The Block declined on Tuesday after news that crypto exchange Binance will acquire FTX rocked the markets. According to data from TradingView, Bitcoin was t...
Miner Marathon Digital Q3 results miss estimates across the board
Bitcoin miner Marathon Digital posted a net loss of $75 million in the third quarter, more than three times the average analyst estimate for a loss of $18.7 million. Shares were down just under ...
Coinbase says it has no material exposure to FTX or FTT
Coinbase CEO Brian Armstrong aimed to ease jitters triggered by news that FTX would sell its non-U.S. assets to Binance amid a liquidity crunch by saying the exchange he runs has no material exposure ...
Japanese mobile operator NTT Docomo plans up to $4 billion web3 investments
Japanese mobile operator NTT Docomo plans to invest up to ¥600 billion ($4.1 billion) over several years to focus on web3 technology, the company said in its second-quarter earnings report. NTT ...
FTX implosion has U.S. regulators on watch
U.S. regulators are monitoring the implosion of crypto exchange giant FTX, which announced earlier today that it is selling FTX.com to rival exchange Binance. The Commodity Futures Trading Commi...
FTX ‘effectively paused’ withdrawals, CEO Sam Bankman-Fried tells employees
FTX.com effectively paused withdrawals, CEO Sam Bankman-Fried told staff via Telegram, according to Reuters. The exchange — which Binance has struck a deal to acquire — experienced around $6 bi...
Crypto lender BlockFi says products are ‘fully functional’ in wake of Binance, FTX deal
Crypto lending firm BlockFi says all of its products are “fully functional” following Binance’s announcement that it plans to acquire crypto firm FTX. FTX, which had been navi...
Binance steps in to buy FTX.com after token collapse
Binance is acquiring FTX.com following the collapse of its native exchange token FTT. FTX founder Sam Bankman-Fried, who’d been silent as questions swirled about the fate of the exchange, ...
Canada Kicks Chinese Companies Out of Lithium Mining
Vancouver, BC –News Direct– MarketJar After placing restrictions on foreign participation in supplying “critical minerals” used in batteries and high-tech devices, the governme...
AAA gaming companies will look like peanuts as GameFi evolves: Skale CEO
GameFi’s constantly evolving model could make “today’s AAA game companies look like peanuts,” said Jack O’Holleran, CEO of Skale, a multichain Ethereum-native network that powers Web3 game...
Riot Blockchain third quarter revenue falls short of analyst estimates
Bitcoin mining company Riot Blockchain fell short in the third quarter, missing analyst targets for revenue. Riot posted a net loss of $36.6 million, or 24 cents a share, compared to $15.3 milli...
Is Crypto to Blame for Tech Companies’ Woes?
As tech executives are forced to account for tumbling revenues to investors, a new scapegoat has emerged: crypto. Philipp Schindler, Google’s chief business officer, blamed the company’s growth slowdo...
Crypto bank Silvergate announces management shuffle
Crypto-focused bank Silvergate promoted a new president and chief risk officer just a few weeks after it posted earnings that missed estimates. The firm—which banks for a wide-range of crypto t...
Binance’s CZ says he’s building, not fighting amid FTX tensions
Binance CEO Changpeng “CZ” Zhao said he’s surprised by reactions to the weekend announcement that his firm would start selling off holdings of FTX’s FTT token. “Little di...
Iris Energy receives default notice on $103 million
Bitcoin mining operator Iris Energy Limited said two of its miners received a notice of default on more than $100 million in debt. In a document filed with the Securities and Exchange Commission, the ...