Tesla Inc. Chief Executive Elon Musk just sold nearly $3.6 billion more of the company’s stock, according to a filing with the Securities and Exchange Commission released late Wednesday. Musk sold jus...
Tag: Turmoil
Ark Invest’ Cathie Wood Backs Bitcoin Despite Recent Turmoil
58 seconds ago | 2 mins read Bitcoin News Wood had previously forecast that Bitcoin will reach $1 million by 2030. Cathie argues, institutions may wind up feeling even more at ease with Bitcoin. Cathi...
Changpeng Zhao Calls Crypto “Stable” Despite Price Turmoil
Changpeng Zhao – the head honcho of Binance, the largest digital currency exchange in the world – stated in a recent interview that crypto is the “only stable thing” right now regardless of the volati...
Palestinians shift to Bitcoin amidst financial turmoil
Many Palestinians living in the blockaded enclave of Gaza passed away because of the Israeli–Palestinian war, while others managed to be alive. The entire demolition of the region has also had a...
CFTC Chair recommends pausing and reinforcing DCCPA bill following FTX turmoil
Rustin Benham, the Chairman of the U.S. Commodities Futures Trading Commission (CFTC), recently testified before the United States Senate Committee on Agriculture, Nutrition, and Forestry. The testimo...
Kraken To Layoff 30% Of Employees Amid Crypto Market Turmoil
Kraken layoff news: U.S. based crypto exchange Kraken announced it is reducing its global workforce by around 30%. The exchange cited its plans to adapt to the current market conditions in the crypto ...
Gemini reveals $601M GUSD backing, 45+ licenses amid global exchange turmoil
The Winklevoss Twins-backed exchange Gemini has announced a “Trust Center” to display a breakdown of funds held on the platform. The page, hosted on the Gemini website, reveals that it holds over $4.6...
Coinbase, MicroStategy Bonds Hammered by Industry Turmoil
Investors drawn to double-digit yields in the convertible bond market should be prepared to raise their risk tolerance, analysts say. Coinbase and MicroStrategy, two crypto-related companies, saw thei...
Fundstrat’s Tom Lee Says He’s Still a Bitcoin Bull, Predicts Crypto Firms Emerge Stronger From Market Turmoil
Hedge fund veteran Tom Lee remains long-term bullish on Bitcoin (BTC) and expects the crypto industry to come out of its bear market stronger than before. In a new interview on CNBC, the Fundstrat man...
Crypto Lender Matrixport Seeks $100M Funding amid FTX Turmoil
Matrixport wants $100 million in funding at a $1.5 billion valuation as the crypto space still reels from the FTX collapse. Matrixport Technologies Pte is seeking substantial funding at a higher valua...
Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital – Coinotizia
Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to...
Luno Africa Says Customers and Operations Not Affected by Turmoil at Genesis Capital – Exchanges Bitcoin News
Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to...
Bitfinex, Ava Labs raise $10M for DeFi technology amid market turmoil
As the ongoing bear market in cryptocurrencies continues, investors continue to find attractive projects to invest in, demonstrating that this market is, in reality, a builders’ market. Despite ...
Foresight Ventures Launches $10M Web3 Startup Fund, in Spite of Market Turmoil
Established in 2020, Foresight Ventures has invested in Web3, non-fungible token, gaming and decentralized finance (DeFi) projects. Last year, AUM increased to $400 million from $80 million following ...
LTC to recover soon from the turmoil- Top gainer in last 24 hours
LTC defies the FTX fiasco as the price surges beyond 5% It promotes its salient features of a decentralized network and self-custody. Becomes the top gainer in the past 24 hours. Litecoin to leave the...
Man Group Plans to Bet Big on Crypto Despite Recent FTX Turmoil
Man Group Limited plans to start a crypto hedge fund while the market is yet to heal from the recent FTX turmoil. The recent FTX collapse wiped nearly $200 billion from the crypto markets. The total m...
In His First Interview, Thrasio’s New CEO Puts Company Turmoil In The Rear-View Mirror
Greg Greeley, optimistic about e-commerce, is pushing Thrasio to keep growing after a period of layoffs, executive turnover and paused acquisitions. J ust out of a remote meeting where he was encourag...
Polygon And Uniglo.io Looking Good Despite Market Turmoil
If you’ve made big losses in the current crypto market—you’re not alone. News of FTX’s demise sent shockwaves throughout the industry, causing a ripple effect that sent prices downwards in a big way. ...
Tron: Decoding what lies ahead for TRX holders amid the FTX turmoil
Tron’s weekly stats revealed growth in many aspects Metrics supported a price hike Tron [TRX] recently posted its weekly report, in which it mentioned all the notable updates regarding its blockchai...
Genesis Global halts withdrawals citing ‘unprecedented market turmoil’
According to a new tweet by Genesis Global on Nov. 16, the institutional crypto lender said it would “temporarily suspend redemptions and new loan originations in the lending business.” In explaining ...
Investment Giants With $2.3 Trillion Bet On More Market Turmoil
(Bloomberg) — Tumbling global stock and bond prices this year, together with pain in private equity amid deteriorating deal volume left investors around the world casting their nets far and wide...
Gemini Earn halts withdrawals due to ‘market turmoil’ caused by FTX fallout
Gemini, a cryptocurrency exchange based in the U.S., said that it has paused withdrawals on its Earn program. Genesis Global, the lending partner of the Earn program, is no longer able to meet custome...
FTX Collapse Created ‘Unprecedented Market Turmoil’
Topline Cryptocurrency exchange Genesis on Wednesday suspended withdrawals within its lending unit and blamed the recent collapse of exchange FTX for spurring a spike in withdrawal requests that exace...
Bitget raises its protection fund to $300M to reassure users in the market turmoil
Leading global cryptocurrency exchange, Bitget announces that it will increase its Protection Fund to 300 Million USD, in order to provide better protection and further assurance to crypto users. This...
Reasons Bitcoin holders mustn’t consider shorting BTC amid the market turmoil
BTC closed the trading week with a 19% fall in its price Although a bullish divergence would be formed with the SP500 as investors’ confidence returns, things look gloomy in the short term The trading...
Bitfinex CTO Shares Proof of Reserves Following FTX Turmoil
10 seconds ago | 2 mins read Exchange News Ardoino published Bitfinex’s proof of reserves on GitHub. Bitfinex has also released an open-source library in June 2018 named Antani. Transparency about the...
Solana TVL drops by almost one-third as FTX turmoil rocks ecosystem: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The second week of No...
FTX turmoil increases scrutiny of industry, something institutional investors have been waiting for
The recent liquidity crisis at FTX will increase regulatory scrutiny in the crypto industry, which is what institutional investors are seeking, a number of sources told Cointelegraph on Nov. 10. “This...
Ethereum Reclaims Demand Zone As Market Turmoil Heats Up; Is $500 Possible?
ETH’s price loses its $1,200 demand zone in the early hours as Binance rejects FTX takeover, with the price responding with a bounce from its daily low. ETH’s price continues to look bearish with t...
Claims and rumors fuel crypto market turmoil amid FTX collapse
While information leaks and unconfirmed reports can be a way for the truth to reach the public, they can also be a tool that fans the flames to grow even further in an already burned-out crypto market...
Tether dollar peg sinks 1.7% as FTX-induced turmoil persists
The Tether (USDT) stablecoin showed signs of wavering on Nov. 10, sinking as low as $0.9806 as market uncertainty continues to reign. Source: USDTUSD on TradingView.com The fallout from FTX’s insolven...
Opinion: Fidelity sticks with bitcoin 401(k) offerings despite crypto turmoil — but why?
I have to hand it to Fidelity. For their nerves of steel, at least. The company that runs America’s biggest 401(k) platform is sticking with its plans to offer bitcoin in retirement plans. This is des...