Silvergate Capital has been forced to take drastic action as a consequence of its association with FTX and its collapse. In addition to paring back its businesses, the bank has laid off roughly 40% of...
Tag: Contagion
MicroStrategy Buys More BTC, FTX Revelations and More Contagion: This Week’s Crypto Recap
The last week of 2022 ends with a bang but not in terms of price action, which remains as dull as possible. However, it was marked by multiple events, so let’s dive in. First things first, Michael Say...
The FTX Contagion Goes on: Midas Investments Closes Down
The cryptocurrency platform Midas Investments disabled deposits and swaps due to severe financial losses caused by Celsius’ bankruptcy and FTX’s fiasco. CEO Iakov Levin said the organization will aim ...
Impact of FTX’s Contagion to Continue into 2023: CryptoCompare
This year has been tumultuous for the cryptocurrency industry, with major players like Terra, Three Arrows Capital (3AC), and FTX going underwater. As the crypto space struggles to find footing amid t...
Contagion engulfs Bitcoin miners as bear market continues
Never underestimate how quickly things can deteriorate in a sector as volatile as crypto, especially in a bear market. Prices can always go lower in the depts of crypto winter and casualties can multi...
Amid FTX Contagion, Crypto Traders Facing Another Massive Risk
FTX Crypto traders News: Even as the crypto market continues to struggle with the FTX contagion, there is a new and added cause of concern for traders. The cryptocurrency prices remain stagnant at the...
Guggenheim Partners Chair Says FTX Contagion Is Still Active
The crypto world is still feeling the aftershocks of the FTX saga over a month after the exchange collapsed. Binance, the world’s largest exchange, has not been left out, with FUD at an all-time high....
FTX Contagion is not Over yet, Guggenheim’s Scott Minerd Warns
Scott Minerd – CIO and Chairman of Guggenheim Partners – believes the demise of crypto exchange FTX will cause more problems for companies and investors. He reiterated his stance that market crashes c...
Amber Group Completed $300M Series-C Round After FTX Contagion
After the collapse of FTX, the major trading firms are working to raise additional capital as the fallout harshly impacted some trading firm’s products and customers. Amber Group Rising a ‘Hope’ after...
Amber Group raises $300M to recover from FTX contagion
Amber has completed a new $300 million Series C funding round, led by blockchain-focused venture capital company Fenbushi Capital US, the firm announced on Twitter on Dec. 15. The new funding round co...
Silvergate CEO seeks to reassure investors over crypto contagion
Silvergate Bank, which specializes in service to fintech and crypto clients including failed crypto exchange FTX and its sister hedge fund Alameda Research, published a letter from its CEO to reassure...
How Wide Does FTX Contagion Spread? The Affected Companies So Far
The collapse of the cryptocurrency exchange FTX will go down as one of the darkest moments in crypto’s history. The company experienced severe liquidity issues in November and couldn’t honor the withd...
DeFi ecosystem still haunted by FTX contagion: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The FTX contagion tha...
Crypto Trading Firm Genesis In Search of LifeJacket Amid FTX Contagion
Genesis in Talks Prominent American Crypto brokerage company Genesis is opting to avoid a ‘bank run’ situation after the firm’s creditors are consulting lawyers to avoid insolvency. As per anonymous...
FTX Contagion May Have ‘Infected’ This Crypto Trading Firm That’s Now Facing A ‘Liquidity Issue’
Sam Bankman-Fried, the former CEO of FTX, may have felt the same sorrow as the thousands of investors who entrusted him with their money, but the misery seems to persist regardless of the excuses he o...
FTX Contagion Haunts Yet Another Crypto Trading Firm
Former FTX CEO Sam Bankman-Fried may have apologized dozen times for the failure of his firm, but there’s no stopping the contagion. Another casualty came in the name of a crypto trading platform – Au...
Crypto trading firm Auros Global misses DeFi payment due to FTX contagion
Crypto trading firm Auros Global appears to be suffering from FTX contagion after missing a principal repayment on a 2,400 Wrapped Ether (wETH) decentralized finance (DeFi) loan. Institutional credit ...
Binance Plots Next Chess Move as FTX Contagion Spreads
Binance continues with auditing and acquisitions following the collapse of rival exchange FTX, the contagion from which continues to spread. With the collapse of FTX, other crypto exchanges have been ...
FTX contagion would be worse if banks were ‘dangerously intertwined’ with crypto
Contagion spreading through the crypto industry could have been worse if federally-insured banks were “dangerously intertwined” with crypto, according to Sen. Elizabeth Warren, D-Mass. Warren la...
Tether Remains Far-Far Away From Genesis Contagion
After the collapse of FTX and the halt of withdrawals, Genesis Global Trading has mentioned bankruptcy as a potential option. Tether has confirmed that it has no exposure to Genesis and Gemini Earn. U...
Market Maker Keyrock Raises $72M Amid FTX Contagion
Founded in 2017 in Brussels, Keyrock pulled most of its assets from FTX the weekend after the CoinDesk story broke, but “a little bit” remained stuck, de Patoul said. The amount was “not consequential...
Crypto Lender BlockFi Filing for Bankruptcy and Conducting Major Layoffs as FTX Contagion Claims Another: Source
The FTX contagion has just claimed another crypto firm. BlockFi will file for Chapter 11 bankruptcy protection later today, a source at the company tells Decrypt. In an official announcement, the New ...
How stable are stablecoins in the FTX crypto market contagion?
If early November’s FTX collapse was crypto’s “Lehman moment” — as more than a few pundits have suggested — will the FTX contagion now spread to stablecoins? After all, Tether (USDT), the market leade...
FTX-Alameda Research Contagion Could Spread To These Banks
Prosecutors are relatively clear about the relations between trading firm Alameda Research and crypto exchange FTX following the recent investigations. Alameda is found to be the primary firm supporti...
Calls for regulation get louder as FTX contagion continues to spread
Crypto executives and politicians are becoming louder in their calls for crypto regulation as the aftermath of the FTX collapse continues to reverberate through the industry. In just the last 24 hour...
Politicians Call for Crypto Regulations As FTX Contagion Spreads
The US and European politicians are calling out for crypto regulation. Is the FTX collapse a catalyst for the global regulations on crypto? The crypto regulations are the need of the hour after the re...
BlockFi Officially Files For Bankruptcy Amid FTX Contagion Effect
BlockFi Bankruptcy News: While the crypto market continues to face the wrath of the FTX collapse, yet another company is falling prey to the contagion. Crypto lender BlockFi will file for chapter 11 b...
BlockFi Files for Bankruptcy as FTX Contagion Spreads
However, FTX itself filed for bankruptcy in the second week of November, after days of speculation about whether it was fully liquid. The questions were sparked by a CoinDesk report revealing that muc...
Crypto Exchanges Bitfront, AAX Suspend Services Amid FTX Contagion
Crypto exchange Bitfront founded by social media giant LINE on Monday announced shutting down the crypto exchange due to facing challenges in the crypto industry. Users can withdraw their crypto asset...
Binance Pledges Up To $2 Billion To Bail Out Distressed Crypto Firms As FTX Contagion Spreads
Changpeng Zhao, cofounder and CEO Binance, spoke at a summit in Lisbon, Portugal in early November. Piaras Ó Mídheach/Sportsfile for Web Summit via Getty Images Binance, the world’s largest cryptocurr...
Binance CEO “CZ” Discusses FTX Contagion, Recovery Fund, Voyager Bid
Crypto News Today Live Updates November and Latest News: (24 November 2022) The global digital asset market managed to record recovery for the straight second day after the major dump. The total crypt...