The most recent cryptocurrency crash demonstrated how volatile the market can be and how a crisis can turn the entire market upside down. The crisis and crash were precipitated by the chaos surroundin...
Tag: Crisis
Binance will launch a new ‘industry recovery fund’
Binance will launch a new fund to help prop up crypto projects facing liquidity crunches. Changpeng Zhao, Binance’s CEO, tweeted about the plan early on Nov. 14. “To reduce further cascadi...
Binance Chief Pushes for Global Crypto Standards Amid FTX Crisis
As the FTX crisis unraveled over the last week, the demand for regulatory clarity and proper crypto framework has soared recently. Head of crypto exchange Binance – Changpeng “CZ” Zhao – said that the...
Binance CEO Likens FTX Fiasco to 2008 Financial Crisis — Warns of ‘Cascading Effects’ – Economics Bitcoin News
Binance CEO Changpeng Zhao has compared the FTX collapse to the 2008 financial crisis. Warning of “cascading effects,” he stressed: “A lot of consumer confidence is shaken, and I think basically it se...
Shiba Inu Team Weighs In on Ongoing Crypto Crisis
Alex Dovbnya The Shiba Inu team has shared a reassuring message for the community amid the FTX-induced mayhem The official Twitter account of the Shiba Inu cryptocurrency claims that the team behind t...
JPMorgan Names Silver Lining to Ongoing Crypto Crisis
Alex Dovbnya JPMorgan believes that the cryptocurrency industry could actually benefit from the current mayhem in the long term In a recent note, JPMorgan analysts opined that the ongoing cryptocurren...
Binance’s CEO Warns Crypto Crisis Is Not Over
Changpeng Zhao is warning investors that FTX’s rapid crash is not the last one for the digital currency market. Known as CZ because of his vast influence in the crypto sphere, the billionaire is...
FTX Demise is Crypto’s 2008 Financial Crisis
Changpeng Zhao (CZ), CEO of the world’s largest cryptocurrency exchange Binance, has expressed his belief in the ability of the crypto market to heal itself once the full impact of FTX’s implosion is ...
FTX crisis likely to spark a domino effect, macro analyst explains
The repercussions of the cataclysmic FTX downfall are going to be broader than the crypto markets, as they will accelerate downward moves in stocks and commodity markets, according to Mike McGlone, se...
Shiba Inu Price Prediction: Sellers Seek Another 45% Drop to 52-Week Low Due to FTX Crisis
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FTX Crisis Deepens As Beleaguered Exchange Faces Potential Hack
The FTX crisis is showing no signs of abating, with the exchange now facing the spectre of a potential hack. Officials at FTX appeared to confirm the hack on Telegram and urged users to delete all ap...
FTX Chief Faces Major SEC Probe After the Recent Market Crisis
Following the recent liquidity crisis, SEC and the CFTC have launched an investigation into the operations of FTX US and understanding its relationship with its international entity FTX.com. As the cu...
FTX crisis feeds the Twitter rumor mill with hot takes and conspiracy theories
Events are unfolding fast as the cryptocurrency market is rocked again, this time by FTX. Facts and non-facts are hard to sort out under these conditions, especially since both seem to be depegged fro...
SEC Responsible For Crisis Ripple Lawyer Responds
The cryptocurrency market witnessed a massive plunge over this week with the collapse of Sam Bankman-Fried’s (SBF) FTX. However, the leaders engaged with the digital asset industry have alleged that t...
FTX still in crisis, Tether won’t invest – crypto.news
Tether has indicated that it has yet to make plans to invest capital into FTX, despite the CEO allegedly approaching many companies for assistance. As it struggles to close a purported multi-billion d...
Ethereum Classic (ETC) consolidates amidst the FTX liquidity crisis!
Ethereum Classic is the fork version of Ethereum with ETC as a native coin that is used to pay gas fees on the network. Many investors treat it as an asset for the long term, but the ETC price has bee...
BlockFi halts withdrawals amid FTX crisis, Genesis Trading, Crypto.com emphasize transparency
BlockFi limits its platform activity and pauses client withdrawals amid the FTX crisis. In a Twitter post, BlockFi clarified that this is due to the lack of clarity on the FTX issue. The announcement...
It is High Time to Rethink Holding Strategies as FTX Crisis Roams, Says Blockchain.com CEO
Speaking on CNBC’s “Closing Bell” Thursday, Peter Smith deemed the collapse of crypto exchange FTX as “a tragedy and total failure of governance.” The CEO and co-founder of crypto exchange Blockchain....
JPMorgan Thinks Bitcoin Could Plunge to $13K Following the FTX Crisis
JPMorgan’s team, led by Nikolaos Panigirtzoglou, predicted that the price of bitcoin could drop to $13,000 due to the turmoil following the FTX collapse. The cost to produce BTC has also fallen consid...
BlockFi Suspends Withdrawals Following FTX Crisis
Crypto lender BlockFi has suspended business following the collapse of crypto exchange FTX. The company announced on Twitter that they have suspended withdrawals and normal business operations due to ...
Sam Bankman-Fried apologizes for FTX liquidity crisis: ‘I fucked up twice’
In one of his first public statements since rumors and concerns about FTX’s insolvency flooded the crypto market, CEO Sam Bankman-Fried, or SBF, has said: “I’m sorry.” In a Nov. 10 Twitter thread, SBF...
Bitcoin Price Outlook for November — FTX Crisis Fuels Bearish Momentum – Market Updates Bitcoin News
It’s fair to say that the first ten days of November have been nothing short of historic in cryptocurrency markets. The turmoil surrounding FTX, and its all-but-confirmed collapse, seems to have eclip...
SHIB Seems to Have Crisis with Whales, Here’s What It Is
Yuri Molchan SHIB holdings of top ETH whales have plunged well below psychologically important level in USD equivalent Contents Here’s how much SHIB whales hold SHIB market cap below $6 billion ...
Jesse Powell Points Out “Red Flags” Led To FTX Crisis
A failed deal between Binance, the world’s largest crypto exchange and FTX has led to a major collapse of the crypto market. However, Jesse Powell, CEO of Kraken Exchange has stated crucial points whi...
JPM Strategists Says – “Ongoing Crisis of FTX Will Push Bitcoin to Fall below $13K”
JP Morgan strategists predict BTC to fall below $13,000 soon. Ongoing FTX crises is the major cause for the current crypto crunch. Crypto market is down 20% in its market cap, worth $200 billion. A...
SBF Says Alameda to Wind Down Over FTX Liquidity Crisis
Share this article Alameda Research is shutting down, Sam Bankman-Fried has confirmed. FTX CEO SBF Says Sorry Alameda Research is winding down its operations. 1) I’m sorry. That’s the bigg...
Brian Armstrong pushes to have an easy spot on US Cos. amid FTX crisis
FTX now sees nothing going in its favor. The Securities and Exchange Commission and the Department of Justice are investigating the venture’s handling of customer funds. Certain assets should have bee...
Proof-of-Reserves Becomes a Burning Issue amid FTX Crisis
The collapse of FTX, one of the leading crypto exchanges, sent shockwaves in the digital asset space. With the liquidity issue being a primary contributor to the FTX crisis, the proof-of-reserves conc...
Tron Network USDD Stablecoin Wobbles from Dollar Peg Amid Latest Crypto Crisis
The USDD liquidity pool on the decentralized finance protocol Curve, where users can trade USDD for other stablecoins such as USDT, USDC and DAI, is heavily imbalanced, with USDD accounting for almost...