In Ontario, a teachers’ pension fund is swept up in the current crypto crisis following sizable investments in FTX over the past year. The Ontario Teachers’ Pension Plan Board, which oversees the fund...
Tag: FTX
BlockFi Limits User Activities Due to Uncertain FTX Situation
2 hours ago | 2 mins read Editors News BlockFi declared halting of withdrawals “as per their terms”. FTX’s acquisition invites to Binance have also reached a dead-end. BlockFi, one of the leading cryp...
Tether also suffers the collapse of FTX
USDT, the stablecoin issued by Tether, fell 1% below its peg to the US dollar due to continued market turmoil, a direct result of the collapse of the FTX exchange. The largest stablecoin on the marke...
Here’s What Lead to FTX Collapse – Jesse Powell Highlights “Red Flags”
The largest cryptocurrency exchange in the world, Binance, and FTX’s failed agreement have caused the crypto market to collapse completely. However, the fiasco was brought about by statements made by ...
Has FTX Exchange Finally Reopened Withdrawals For Customers?
According to the on-chain data provider, Nansen, the debt-ridden FTX has finally reopened withdrawals for their customers. As per the data, one user was able to withdraw ETH worth $2.6 million while ...
TRX’s USD Exchange Rate Jumps 270% Higher on FTX After Exchange Brokers Deal With Tron – Markets and Prices Bitcoin News
On Thursday, at approximately 12:48 p.m. (ET), the embattled exchange FTX revealed that it has created a special facility with Tron. The deal allows holders of specific Tron-based coins to withdraw th...
Cryptos Recover Slightly From FTX Fatigue With a Dose of Encouraging Inflation Data
Ether was recently changing hands over $1,300, up almost 17% from Wednesday, same time. All other cryptos in the top 20 by market capitalization were feeling more like themselves again, rising well in...
Bitcoin May Revisit $10,000 for Worse Reason Than FTX Downfall: Bloomberg’s Chief Analyst
Yuri Molchan Chief strategist of Bloomberg has named driver that may push BTC down to $10,000 Leading commodity strategist Mike McGlone of Bloomberg Intelligence has taken to Twitter to share a foreca...
BlockFi halts withdrawals following FTX collapse
A cryptocurrency lending platform BlockFi announced yesterday that it would limit its operation and could not conduct business as effectively as before with FTX. It paused the customer withdrawals cit...
FTX seeks bailout to shore up liquidity; 60K BTC withdrawn from exchanges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...
Only TRX, BTT, JST, SUN, and HT Holders Will be Saved from FTX
Tron CEO Justin Sun has promised to help FTX’s customers holding any of Tron’s five tokens to swap assets to external wallets. FTX International announced that it had officially reached an agreement w...
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...
Crypto Market Positive To FTX Withdrawals Open, CPI Data
Crypto Market, FTX Withdrawals News Updates: The cryptocurrency market reacted positively to the news of FTX opening withdrawals, following prolonged bearish momentum earlier in the week. On chain dat...
The Red Flags On FTX We All Seemed To Miss
Sam Bankman-Fried succeeded in seducing a lot of the crypto world. Now comes the morning after. As the autopsy of Sam Bankman-Fried’s crypto empire begins, it’s worth saying that there were red flags ...
Bahamas Regulator Freezes FTX Assets
A Bahamas securities regulator on Thursday froze the assets of the local subsidiary of beleaguered cryptocurrency exchange FTX. The Securities Commission of The Bahamas also took the first step into ...
Aftermath of FTX implosion: Mercedes, And Canadians Teachers
– Advertisement – The implosion of the cryptocurrency exchange FTX has widespread implications from the Bahamas to Canada. Mercedes Some partners are holding their breath to see how things...
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 ...
FTX Japan Ordered by Regulator to Suspend Operations
According to a formal statement released on Thursday, the local branch of FTX has been instructed to cease operations by Japan’s Financial Services Agency. The order stated that the regulator wants FT...
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...
The Role Regulators Played in the FTX Fiasco
Armstrong is protecting his own interests here, now that figures like Sen. Elizabeth Warren (D-Mass.) and Gensler are calling for tighter regulation of U.S. exchanges. Clearer rules are clearly needed...
Silvergate Capital Shares Pressured by FTX Debacle
Count Silvergate Capital among the publicly-traded crypto names hit by plunging stock prices triggered by this week’s sudden market downturn. Silvergate, a digital assets-focused, registered US bank,...
FTX reaches out to Kraken for help as it scrambles for $9.4B bailout; Alameda owes exchange $10B
After Binance walked away from the FTX takeover deal, the cryptocurrency exchange has turned to Kraken for a possible bailout, Reuters reported, citing two people familiar with the development. The la...
Arthur Hayes Says FTX is Now Beyond Saving
Former BitMEX CEO Arthur Hayes believes FTX is ultimately headed for bankruptcy now that Binance has refused to rescue the company. The exchange co-founder offered his analysis of what the future hol...
Tether Freezes USDT Assets Belonging To FTX
Tether Freeze FTX USDT Assets: In a sudden development, Tether said it froze 46 million of USDT belonging to troubled crypto exchange FTX. A Tether representative reportedly said the USDT froze was ef...
SEC, DOJ Investigate FTX — Regulators Suspect Crypto Exchange Mishandles Customer Funds – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly investigating cryptocurrency exchange FTX. The crypto firm is suspected of mishandling customer fun...
JPMorgan registra una ola de desapalancamiento por los problemas de FTX
JPMorgan dijo que los inversores potencialmente pueden buscar un fondo en los precios de bitcoin (BTC) a través de su costo de producción, que a veces actúa como un piso. El costo de producción actual...
FTX faces SEC and CFTC investigation: Bloomberg
Crypto exchange FTX faces an investigation by the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) into its mismanagement of customer funds and the firm’s relat...
Solana Among Top Laggards Amid FTX Drama
Alex Dovbnya Solana (SOL) is getting hammered due to downfall of FTX cryptocurrency empire, which is now shaping up to be another “Lehman moment” for cryptocurrency industry Contents No ex...
Japanese Regulator Orders FTX Japan To Cease Operations
58 seconds ago | 2 mins read Exchange News As per the order, FTX Japan will not resume operations until December 9, 2022. The authority has expressed uncertainty over FTX Japan’s well-being. Japan’s F...
FTX, Alameda used Binance as intermediary for their parasitic relationship
In the aftermath of the FTX fallout, Bitcoin saw its price drop to a two-year low of $15,000, the exchange’s native token is on its way to becoming essentially worthless, and stablecoins across the ma...