Crypto-related stocks plunged as Genesis became the latest victim of the FTX fallout. Bitcoin was trading at $16,593, up 0.7% from $16,479 earlier in the day. Ether gained a modest 0.5% to trad...
Tag: Contagion
Liquid Global Halts Withdrawals as FTX Contagion Continues
Cryptocurrency exchange Liquid Global today said it is halting all withdrawals—both fiat and crypto—from the platform. “Fiat and crypto withdrawals have been suspended on Liquid Global in compliance w...
FTX Contagion Hits Winklevoss Twins as Crypto Lenders Come Under Fire
(Bloomberg) — The fallout from the rapid collapse of Sam Bankman-Fried’s FTX is spreading across the crypto world, ensnaring the billionaire Winklevoss twins through a liquidity squeeze at their...
FTX Contagion Reaches Genesis And Grayscale, Are GBTC, ETHE Next FTT?
Crypto brokerage firm Genesis Trading facing potential solvency issues. A call with creditors is scheduled at 8 AM EST in which Genesis may explain the current situation, FTX exposure, and relations w...
Circle Yield Reduced to Zero, Gemini Earn Paused as Genesis Contagion Spreads
Circle, Gemini, Luno and Hut 8 Mining are among major crypto companies with exposure to digital currency prime broker Genesis, which has halted customer redemptions and new loan originations within it...
FTX Contagion: Genesis and Gemini Hit in Crypto Chaos
Key Takeaways Genesis has paused its crypto lending business, citing “extreme market dislocation” caused by FTX’s collapse. Crypto exchange Gemini has also halted withdrawals from its Earn progr...
FBI Plans To Extradite FTX SBF As Contagion Spills To Genesis?
As Daily Mail reports, FTX’s former CEO Sam Bankman-Fried could be facing extradition. After more and more shocking details about FTX, Alameda and their leaders came to light in recent days, Bankman-F...
‘Big Short’ Michael Burry projects gold to rise amid ‘contagion’ of crypto scandals
American investor and hedge fund manager, Michael Burry, commonly known as “The Big Short,” has shared his view on the prospects of gold in the wake of the crypto market downturn. Burry, credited with...
Fears of Contagion Darken the Crypto Sector Outlook
(Bloomberg) — The crypto industry braced for more contagion from the fall of Sam Bankman-Fried’s FTX empire. The US and The Bahamas are talking about bringing him to America for questioning, peo...
bitFlyer CEO Expects FTX Contagion to Spread Across Other Firms
The shock waves of the FTX collapse have spread across the entire crypto industry. As the second-largest crypto exchange collapsed, more than $200 billion were eroded from the crypto space in a week’s...
Citi Analyst Warns of ‘Serious’ Contagion Risk to Crypto Ecosystem From FTX Failure – Featured Bitcoin News
A Citi analyst has warned of a serious risk of broader contagion to the crypto ecosystem stemming from the collapse of crypto exchange FTX, noting that the contagion “can last for a significant amount...
Trezor reports 300% surge in sales revenue due to FTX contagion
Amid growing concerns over centralized cryptocurrency exchanges in the wake of the FTX crisis, investors are increasingly moving to hardware crypto wallets. A major hardware wallet provider, Trezor, h...
Exchanges Rush to Prevent FUD as Contagion Fears Mount
The community negatively views centralized exchanges due to the recent FTX saga, as Exchanges try to prevent FUD amidst fears of contagion. It is a challenging phase for centralized exchanges as they ...
Coinbase CEO Brian Armstrong Says Sam Bankman-Fried Probably Committed Fraud, Warns of More FTX Contagion
Coinbase CEO Brian Armstrong is weighing in on the collapse of crypto exchange FTX, saying that the firm’s CEO Sam Bankman-Fried probably committed some form of fraud during the ordeal. In a new inter...
Ikigai Fund Caught Up in FTX Contagion
Travis Kling, the founder and chief investment officer of Ikigai, revealed that the cryptocurrency asset management firm has been caught up in the FTX collapse. A large majority of the hedge fund’s as...
Crypto.com CEO says will prove naysayers wrong amid FTX contagion fears
Kris Marszalek, CEO of Crypto.com, speaking at a 2018 Bloomberg event in Hong Kong, China. Paul Yeung | Bloomberg | Getty Images The boss of cryptocurrency exchange Crypto.com took to YouTube Monday t...
$3 billion in Bitcoin left exchanges this week amid FTX contagion fears
Bitcoin (BTC) investors are withdrawing funds from exchanges at a rate not seen since April 2021 with nearly $3 billion in Bitcoin withdrawn over the past seven days. New data from on-chain analytics ...
FTX contagion victim Deepak.eth puts NFT collection up for sale
The founder of the Chain blockchain infrastructure company, who goes by the internet pseudonym Deepak.eth, took to Twitter to announce the sale of their nonfungible token (NFT) collection. Deepak.eth ...
FTX Melts Down, Crypto Market in Fear of Massive Contagion: This Week’s Recap
The past seven days were undoubtedly the most emotional, unexpected, and for many – devastating in a long time. One of the world’s leading cryptocurrency exchanges – FTX – filed for a voluntary Chapte...
Chainlink Touts Proof-of-Reserve as Solution to Crypto Contagion
The crypto contagion has continued this year, with FTX compounding matters this week. This has put the spotlight on transparency, especially for centralized crypto exchanges. Data oracle provider Chai...
Crypto Lender BlockFi Halts Withdrawals After FTX Contagion
The crisis sparked by the collapse of the FTX exchange has spread like a wildfire across the crypto market. A few hours ago crypto lender BlockFi said that they are now limiting client activity and pa...
The FTX Contagion is Spreading! BlockFi Suspends Withdrawals; Is the Company Going Bankrupt?
The market conditions presently have become worse as the domino impact of the recent FTX breakdown is being witnessed. After Terra (LUNA), Celsius Network, Three Arrow Capital, Voyager Digital, and FT...
Bitcoin sinks under $16K as FTX insolvency fears turn into contagion
Crypto markets crumbled for a second day as the fallout from FTX’s liquidity troubles continued to negatively impact investor sentiment. Throughout the day Bitcoin (BTC) price dropped, falling to a ne...
FTX Contagion Threatens Solana As Network TVL Dives Down
The domino effect of the rumors of the FTX carnage is playing out as the Solana ecosystem threatens to implode on the back of the crisis unfolding at FTX and Alameda Research. According to CoinMarket...
Coinbase Drops 10% On Binance-FTX Contagion, Says No Exposure To FTT
Coinbase allayed fears of its clients in the face of worries that it might have been affected by a development that made the crypto space lose all of its gains since it rallied back in October 25. On ...
FTX Contagion Hits Crypto Stocks Following Binance Buyout
Digital asset markets are reeling from revelations that top exchange Binance may soon gobble up its major rival FTX, causing havoc among crypto stocks. On Coinbase, bellwether crypto bitcoin fell 15% ...
FTX Token Falls 80% Despite Binance Bailout as Alameda Contagion Spreads to Bitcoin
To illustrate just how spectacular the FTT token price’s collapse has been, take a look at the following chart of the 10 biggest laggards over the past 24 hours in the “Transparent CeFi Cu...
Bitcoin Crashes Below $20,000 Amid FTX Contagion Fears
The price of Bitcoin has once again fallen below the crucial $20,000 mark in the past few hours. The crash occurred around 12:00 pm EST amid concerns about whether the crypto market is in danger of an...
FTX Token Plummets as Market Fears Possible Alameda Contagion
Since then, the market has grown concerned about FTX’s liquidity. The exchange has faced a massive stablecoin exodus, with $451 million being sent off its main platform during the last week, and...