A wave of withdrawal requests has descended upon FTX, the world’s second-largest cryptocurrency exchange, over the last 48 hours. This was in response to fears over FTX’s solvency as it was revealed F...
Tag: FTX
BTC at 2-Year Low, ETH Down 20% as FTX Turmoil Leads to Crypto Bloodbath – Market Updates Bitcoin News
Bitcoin plunged to a two-year low on Wednesday, as the FTX token sell-off continued to weigh on cryptocurrency markets. After an initial 30% slide, FTX token fell by as much as 80%, as Binance confirm...
“FTX Might Have Provided Massive Bailout For Alameda In Q2”
Did this Coin Metrics analyst uncover the key to the whole Alameda/ FTX story? Because let’s face it, it doesn’t make sense. Both of Sam Bankman-Fried’s businesses were extremely profitable. FTX was t...
Galaxy Digital reveals $77 million exposure to FTX in Q3 earnings
Galaxy Digital has a $76.8 million exposure to FTX, of which $47.5 million is currently “in the withdrawal process,” the company said in its third quarter earnings report. In additio...
From Billionaire To… FTX Chief Loses 93% of Net Worth Overnight
– Advertisement – Founder and CEO of FTX, Sam Bankman-Fried, has lost 93% of his wealth within a day, as his net worth drops by $14.6B to $991M in 24 hours. FTX Chief Sam “SBF” Bankman-Fri...
Tether, Circle deny exposure to FTX, Alameda
The issuers of the two largest stablecoins, Tether and Circle, have distanced themselves from the FTX situation, saying they have no exposure to the struggling crypto exchange or Alameda Research. Te...
What the hell just happened in crypto? A Q&A in plain English about Binance’s takedown of FTX
Crypto people have seen things. They’ve seen massive hacks and mind-boggling swindles and stunning success stories. But never have they seen a day like Tuesday, when the world’s biggest cr...
Coinbase CEO Brian Armstrong Says Crypto Exchange Has Zero Material Exposure to FTX or FTT
The chief executive of Coinbase is making it crystal clear to stakeholders that the top US-based crypto exchange has no investments in its troubled competitor FTX. Brian Armstrong tells his 1.1 millio...
Billions of dollars in crypto pouring out of exchanges following FTX fiasco
Crypto exchange users are withdrawing large sums of cryptocurrencies following FTX’s high-profile collapse. Over the past 24 hours, approximately $1 billion in ether has been withdrawn fro...
FTT price forecast: will FTX token go back up in value or is it doomed?
FTX Token (FTT/USD) is the native cryptocurrency used across the FTX exchange and is a utility token that allows users to get discounts. FTX is a cryptocurrency exchange that offers numerous products,...
Crypto Market Sinks As Binance Acquires FTX
Crypto Price Today Latest Updates: The crypto market is facing extremely bearish conditions as the FTX crisis continues to unfold. Bitcoin prices fell by more than 8% in the last 24 hours. This brings...
FTX Coin (FTT): Another One Bites The Dust
2022 has been the year of bank runs followed by market-wide contagion, and with FTT slumping 75%, it begs the question: is FTT becoming the next LUNA? It’s been a tumultuous few days in the lar...
FTX Token (FTT) Price Prediction — Will FTT Hit $80 Soon?
Bullish FTT price prediction is $32.55 to $53.60. FTX Token (FTT) price might also reach $80 soon. Bearish FTT price prediction for 2022 is $21.55. In FTX Token (FTT) price prediction 2022, we use st...
Canada’s third-largest pension fund invested in FTX at $32B valuation
The third-largest pension fund in Canada could suffer major losses as part of the FTX fallout. The Ontario Teachers’ Pension Plan was among a handful of investors that participated in a $400 million S...
SBF Scrambles to Cover Tracks After FTX Blowup
Key Takeaways Sam Bankman-Fried has deleted multiple tweets since he agreed to sell FTX.com to Binance yesterday. Several posts maintaining that the FTX exchange was in good financial standing have be...
What happened FTX? A deep dive
Oh Sam, what have you done? Sam Bankman-Fried only turned 30 this year, having already amassed a fortune of more than $20 billion. Driving a trusty Toyota, however, he followed “effective altruism”, i...
Crypto trading firm Cumberland says it had virtually no exposure to FTX
Crypto trading company Cumberland said it had virtually no exposure to crypto exchange FTX, which has collapsed amid a liquidity crisis. FTX revealed that it had reached a breaking point on Nov....
Binance’s FTX acquisition seen as chess move by crypto community
“Who needs Netflix when you are in crypto?” commented a user on Twitter as the crypto industry attempted to digest the acquisition of cryptocurrency exchange FTX by its rival Binance. The deal, disclo...
NFL Legend Tom Brady Caught in FTX Fallout, Risks Losing Complete Strategic Investment
“It’s an incredibly exciting time in the crypto-world, and Sam and the revolutionary FTX team continue to open my eyes to the endless possibilities,” said Brady in a press release at...
FTX Allegedly Stops Processing Withdrawals
Alex Dovbnya One of the largest cryptocurrency might have stopped processing withdrawals, according to on-chain data Cryptocurrency exchange FTX has allegedly stopped processing withdrawals. Earlier ...
Coinbase stock price forecast after the FTX meltdown
Coinbase (NASDAQ: COIN) stock price has nosedived in the past few months. It has plunged in the past eleven straight days and is trading at $50, which is the lowest level since June 14. The shares hav...
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% ...
Coinbase Confirms No FTX Exposure as FTT Price Dumps 75%
American crypto exchange giant Coinbase has confirmed that it has no exposure to FTX, which continues to leach liquidity. 2022 has been the year of crypto contagions, and markets are reeling from this...
SoftBank and BlackRock among FTX investors in the dark over Binance deal
Binance’s agreement to acquire FTX.com has left some of the world’s largest investors in the dark. Beleaguered FTX CEO Sam Bankman-Fried wrote to investors on Tuesday, apologizing f...
No Significant Risk Exposure to FTX or FTT, Says Coinbase CEO
Amid the meltdown of FTX, Coinbase CEO Brian Armstrong tweeted that Coinbase has no significant exposure to FTX and its platform currency FTT, as well as Alameda’s exposure. Coinbase CEO Brian A...
Cardano founder says FTX meltdown might be one of the last crises in crypto
Cardano (ADA) founder Charles Hoskinson has reacted to the collapse of the FTX cryptocurrency exchange, suggesting that the incident might be among the last crises to hit the digital assets space. Ac...
USDC And USDT Affected By FTX? CEOs Deny Rumors
Amidst the mayhem surrounding FTX and the Binance deal, there are currently numerous rumors circulating about possible contagion effects. If the takeover by Binance does not materialize, effects simil...
FTX Token, BNB and Solana soar after Binance CEO inks potential deal to acquire FTX
FTX Token (FTT) and Solana’s SOL (SOL) endured a tough weekend of trading that saw altcoins take double-digit losses in the 15%–30% range, but the tide turned as news broke that Binance could be in th...
Binance’s Proof-Of-Reserve Promise Gained Traction Following FTX Crisis
2 hours ago | 2 mins read Editors News CZ, announced that his exchange would soon launch a Proof-of-Reserves audit mechanism. The Twitter community supported the concept of increased Proof-of-Reserve ...
Coinbase CEO calls out “risky business practices” in FTX saga, sympathizes with those involved
Coinbase CEO Brian Armstrong took to Twitter on Nov. 8 with a thread that started by sharing his “sympathy for everyone involved in the current situation with FTX.” Armstrong empathized that it can be...
Binance wants to acquire FTX after the FTT crash
Yesterday, the price of FTX’s FTT cryptocurrency literally imploded, and Binance took advantage of the great opportunity. Indeed, within a little more than three hours, it fell from $19 to $3, a loss...
Crypto market bleeds out $100 billion in FTX drama aftermath
After the developments surrounding one of the largest cryptocurrency exchanges sent shockwaves across the crypto sector, most of its participants continue to count their losses, with the market as a w...