Technically it means that a crypto exchange or lender has gated customers from being able to get their money or digital tokens back – typically because there’s just not enough assets on hand to meet r...
Tag: Contagion
Record quantities of Bitcoin leave exchanges in readiness for contagion fallout
Market jitters from the FTX collapse have triggered record quantities of Bitcoin leaving global exchanges. Bitcoin Magazine Senior Analyst Dylan LeClair noted that 136,992 BTC had been withdrawn over ...
Bitcoin remains vulnerable near $16k amid FTX contagion
Bitcoin (BTC/USD) traded above $16,000 on Wednesday morning, rising by about 3.2% at the time of writing to hover just above $16,500. Despite the upside, the flagship cryptocurrency remains vulnerable...
Bitcoin, crypto rise as FTX contagion fears ease
Bitcoin recovered above US$16,000 in Wednesday morning trading as it rose along with Ether and the rest of the crypto top 10 by market capitalization, excluding stablecoins, as the market shook off li...
Will Genesis Be the Next Victim of the Crypto Lender Contagion?
While Genesis has denied plans to declare bankruptcy, the exchange’s liquidity trouble concerns the industry. Following the FTX collapse, Genesis Global Trading’s lending division halted new loans and...
Cathie Wood’s Ark Buys $60 Million In Bitcoin, Crypto Stocks After FTX Collapse Even As Analysts Fear Contagion Risk
Topline Though bitcoin prices have plunged to the lowest level in two years, Ark Invest, the investment firm helmed by high-profile stock picker Cathie Wood, has doubled down on the struggling sector ...
Coinbase Bonds Slump as FTX Contagion Fuels Investor Pessimism
It is very easy to use the bonds of publicly traded crypto-exposed firms like Coinbase and MicroStrategy to judge the health of the market, and perhaps, monitor its growth. In the wake of the bankrupt...
FTX Contagion Creates Fear Among Whales And Old Hands
While the contagion effects of FTX’s collapse still cannot be fully assessed, Bitcoin whales and OGs seem to be playing it safe. Most notably, the insolvency fate of Genesis Trading, DCG and Grayscale...
What Is Crypto Contagion? How It’s Spreading After FTX Collapse
When a large institution like the cryptocurrency exchange FTX implodes, it drags others down with it. That dynamic is what’s referred to in finance as contagion, or the tendency for a financial crisi...
Contagion Continues as Coinbase Stock Slumps to All-Time Low
Share prices for America’s largest and most profitable crypto exchange, Coinbase, have slumped. The rout has been so bad that COIN hit an all-time low. Coinbase stock prices have tanked to almost $40 ...
Genesis fails to raise funds as FTX contagion weighs on DCG-owned company
Crypto brokerage Genesis failed to raise funds and is potentially facing bankruptcy without additional funding, Bloomberg reported Nov. 21. The company is rumored to be seeking a $1 billion cash inje...
Singapore Ponders Over Impact Of The FTX Contagion ⋆ ZyCrypto
Advertisement     In response to media queries, the Monetary Authority of Singapore (MAS) was neither licensed nor exempted from licensing and did not operate in Singa...
New Report Shows South Korea And Singapore Badly Impacted Amidst FTX Contagion
The FTX collapse might prove to be the biggest disaster in the history of cryptocurrency. Since the news of the exchange’s insolvency issue, a lot has happened in the industry. The fallout spread like...
Crypto Fears Contagion as Billions Owed to Creditors
(Bloomberg) — Sam Bankman-Fried’s bankrupt FTX crypto exchange owes its 50 top unsecured creditors a total of $3.1 billion. FTX Trading Ltd. and about 100 affiliated companies are starting a str...
TON, TWT, CHZ and QNT breakout amid traders’ crypto contagion fears
The FTX collapse continues to stoke fears of a contagion in the cryptocurrency space as investors wait to hear about businesses that may face the heat. One of the marquee names to come under the circl...
FTX collapse leads to contagion, equities hit hardest
Crypto markets and equities tied to the industry felt the pressure last week as the situation around crypto exchange FTX continued to unravel. Bitcoin was changing hands at around $16,550 at 2:1...
FTX contagion time-bomb will “detonate many trading firms” – crypto.news
The Crypto firm 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. Multicoin regrets putting “too...
This Week in Coins: Bitcoin Avoids Heavy Losses as FTX Contagion Spreads
This week in coins. Illustration by Mitchell Preffer for Decrypt. This being week two of the FTX disaster story, crypto investors can expect things to get worse before they get better. However, the tw...
Crypto Retailer Genesis Block Halts Trading Amid FTX Contagion
Hong Kong-based crypto retailer Genesis Block is closing down its over-the-counter (OTC) trading services as the contagion of collapsed crypto exchange FTX spreads further across the industry. Genesis...
‘Grayscale Discount’ Widens to Record 43% as FTX Contagion Spreads
Shares of the Grayscale Bitcoin Trust (GBTC), the world’s largest publicly traded crypto fund, are trading at a new record discount of 43% relative to the price of the underlying bitcoin (BTC). Crypto...
Alameda, FTX in the Spotlight, BTC Loses $17K as Contagion Spreads: This Week’s Recap
After the previous week, which saw the deterioration of one of the largest crypto exchanges, this one was significantly less volatile in terms of price movements but quite eventful for reports popping...
Multicoin Expects FTX Contagion Dangers 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 wri...
FTX ‘Contagion Risk’ Fuels Coinbase Stock Plunge—Analyst Worries Users Will ‘Leave Crypto Entirely’
Topline Shares of Coinbase fell Friday after analysts downgraded the stock and warned crypto contagion risk could spread to the firm after the collapse of rival exchange FTX, and though analysts aren&...
These Altcoins Recorded Biggest Recoveries Withstanding The FTX-Collapse Contagion!
Concerns regarding the FTX’s crash have initiated an overall bearish trend for the entire crypto market for a week. Leading assets like Bitcoin and Ethereum have broken their fundamental support level...
Big Short Investor Michael Burry Sees This Asset Rising Amid FTX Contagion
Michael Burry, the fund manager and investor who became popular from the “The Big Short” movie, believes gold will shine as investors seek safety from crypto risks due to the catastrophic collapse of ...
FTX Contagion is Spreading. Here’s How to Keep Your Crypto Safe
Key Takeaways FTX collapsed last week, shaking the crypto community’s faith in centralized custodians. Holding crypto in self-custody helps users reduce exposure to risky third parties and mitigate th...
Is Genesis the latest victim of the FTX contagion? Here’s the unsaid truth
Genesis announced it was pausing its withdrawals but other features running A couple of crypto projects have come out to state their exposure or lack of it to Genesis Another blow has been dealt to th...
These Price Levels Are Critical For Bitcoin As The Crypto Contagion Hits Broader Markets ⋆ ZyCrypto
Advertisement     Concerns over a withdrawal run from the cash-strapped cryptocurrency exchange FTX continued to send cryptocurrencies into a tailspin this week, placi...
Crypto Exchange Gemini Suffers $485M Rush of Outflows Amid Contagion Fears
Gemini, a crypto exchange and custodian founded by the Winklevoss brothers, has suffered a rush of withdrawals as crypto firms wrestle with the reverberations of the FTX-Alameda bankruptcy and subsequ...
Pantera Capital releases statement amid the breakout of FTX contagion – crypto.news
Joey Krug, co-CIO of cryptocurrency investment firm Pantera Capital, recently discussed how his company had been impacted by the demise of SBF’s FTX empire and the short, medium, and long-term effects...