Bitso, one of the largest cryptocurrency exchanges in Latam, has launched a QR payments program geared towards travelers in Argentina. The service proposal seeks to ease the way in which travelers and...
Tag: Exchanges
Philanthropic FTX Foundation Sunsets Operations Amid Bankrupt Exchange’s Fallout – Bitcoin News
The philanthropic effort created by the troubled crypto exchange FTX has detailed it is sunsetting operations and told the community that members were “shocked and immensely saddened” by the turn of e...
Six days that rocked the crypto industry
The past week may well be the most tumultuous the crypto world has seen yet. In less than seven days, FTX went from industry darling to bankruptcy protection, with its crashing native token FTT spurri...
Alameda promised ‘high returns with no risk’ in 2018 pitch
Regulatory red flags tied to Sam Bankman-Fried’s crypto trading firm Alameda Research may date all the way back to 2018. The quantitative crypto trading firm — which served as the liquidit...
Crypto lender Voyager reopens bidding process following FTX bankruptcy
Crypto lender Voyager has reopened the bidding process for its assets following the bankruptcy of crypto exchange FTX, which had been expected to buy them. The firm said in a statement: &#...
California moves to suspend BlockFi’s lending license in state
California’s Department of Financial Protection and Innovation issued a notice to suspend crypto lender BlockFi’s license in the state for 30 days pending an investigation into the company...
FTX Collapse Triggers Over 80K Bitcoin Outflow From Exchanges
FTX’s collapse has significantly dented the confidence of investors in centralized crypto exchanges. Amidst the subsequent financial turmoil and reports about the troubled crypto exchange tapping cust...
The Block: FTX Ventures Head Amy Wu Resigns: The Information
FTX Ventures Head Amy Wu has resigned, The Information reported, citing the executive. Wu joined in January to launch what was expected to have been a $2 billion fund. She was an early advocate ...
FTX.US seems to have paused withdrawals on Ethereum hours after filing for bankruptcy
Facing bankruptcy, FTX.US seems to have stopped withdrawals on ERC-20 tokens, according to blockchain data. As of writing, the wallet address associated with FTX.US had not processed any outgoi...
Alameda Research, FTX Ventures invested in more than 250 crypto startups
FTX Ventures and Alameda Research have invested in more than 250 crypto industry startups, according to data collected by The Block Research. The investments cut across a variety of verticals, i...
SBF’s $16 billion fortune is gone, Bloomberg’s Billionaires Index shows
Sam Bankman-Fried, the former CEO of now-bankrupt FTX and a former billionaire, saw his net worth wiped out over the past 24 hours after it fell $861 million, a decline of 100%, according to Bloomberg...
Los exchanges regionales de FTX lentamente vuelven a permitir los retiros
Estas sucursales regionales de FTX son totalmente propiedad de la empresa responsable en Antigua, FTX Trading Ltd., y otorgan licencias de la tecnología de FTX a cambio de regalías que se envían a la ...
Bankman-Fried said FTX.US was ‘FINE!’ one day before bankruptcy filing
Former FTX CEO Sam Bankman-Fried insisted the U.S. arm of his crypto empire was “FINE!” after the company’s utility token collapsed — right up until FTX.US filed for bankruptcy on Friday morning. ...
Coinbase stock jumps following FTX bankruptcy filing
Coinbase shares soared in the wake of crypto exchange FTX’s bankruptcy filing. The stock rose as high as 7% from the open, according to TradingView, reaching $55.65. The stock has lost som...
Bankman-Fried’s really, really sorry ‘again’ following bankruptcy filing
Sam Bankman-Fried, the founder and former CEO of the FTX crypto exchange that filed for Chapter 11 bankruptcy protection today, said he was “really sorry, again, that we ended up here.” &#...
Crypto.com CEO publicly shares exchange’s holdings as platform hits 70 million users
Amid the liquidity crunch affecting the FTX cryptocurrency exchange, Crypto.com has published its proof of reserves in what the platform terms as promoting transparency. Crypto.com announced that an ...
FTX’s Regional Crypto Exchanges Slowly Reopen Withdrawals
These regional subsidiaries of FTX are wholly owned by FTX’s ‘mothership’ in Antigua, FTX Trading Ltd, and license FTX’s technology stack in exchange for royalty payments sent ...
ChainUp provides proof-of-reserves solution for crypto exchanges
Crypto exchanges will now be able to provide complete transparency as ChainUp offers its Merkle Tree Proof-of-Reserves solution. ChainUp announced on Friday that its Merkle Tree Proof-of Reserves solu...
FTX files for Chapter 11 bankruptcy
UPDATE (9:45 a.m. ET): According to a bankruptcy filing by Alameda Research, the firm says it has more than 100,000 creditors. Alameda also said that it has between $10 billion and $50 billion i...
Centralized exchanges are scrambling in attempts to prove their reserves
Multiple centralized crypto exchanges have indicated over the last few days that they will be offering proofs of reserves, a system through which users will be able to check the amount of funds held o...
FTX seeks bailout to shore up liquidity; 60K BTC withdrawn from exchanges
The biggest news in the cryptoverse for Nov. 10 includes SBF planning to raise funds to bailout FTX and make users whole, SEC chairman Gary Gensler advocating for more investor protection following FT...
FTX Foundation’s Future Fund team resigns, condemns exchange’s behavior
The team behind FTX Future Fund, a project of the FTX Foundation, has quit. “We were shocked and immensely saddened to learn of the recent events at FTX,” the team wrote in a post on...
BlockFi suspends withdrawals after FTX collapse
Crypto lender BlockFi suspended withdrawals and will not be able to operate business as usual given the lack of clarity over the status of FTX, the company said on Twitter. “We are shocked and d...
Major VC Firm Sequoia Capital Marks FTX Investment to $0 — Says ‘Liquidity Crunch Has Created Solvency Risk for FTX’ – Exchanges Bitcoin News
Venture capital giant Sequoia Capital is marking its investment in the embattled crypto exchange FTX down to $0. “In recent days, a liquidity crunch has created solvency risk for FTX,” the firm stress...
FTX US employees attempt to sell assets in CEO’s absence: Bloomberg
Employees working for the U.S. arm of FTX’s cryptocurrency exchange business are trying to sell company assets, in some cases without CEO Sam Bankman-Fried’s “participation,” according to ...
Bankman-Fried sold FTX equity to employees at 50% discount in spring: Sources
FTX CEO Sam Bankman-Fried sold equity in the firm at a 50% discount to employees in the spring, a person familiar with the matter told The Block. In June, about 20 people were fired off across the or...
Bahamas securities regulator freezes FTX assets
The Securities Commission of the the Bahamas said it has taken action to freeze assets of FTX Digital Markets and related parties. “The Commission is aware of public statements suggesting that c...
Genesis Trading says derivatives arm has $175 million locked up in FTX account
Genesis Trading revealed late Thursday that its derivatives business has exposure to FTX amid the crypto exchange’s ongoing collapse. “As part of our goal in providing transparency a...
Coinbase layoffs more than 60 recruiting, onboarding employees
Coinbase said it is laying off more than 60 employees amid a turbulent market startled by the possible demise of fellow cryptocurrency exchange FTX.The U.S.-based Coinbase said in a statement the plan...