As for chatter that all or even a majority of BlockFi’s assets were held in custody – and therefore tied up for potentially a long time and perhaps even unrecoverable – the company said that is ...
Tag: Users
Fintech Firm Plaid Cuts Off FTX From Users’ Bank Accounts Following Concerning Public Reports
Fintech company Plaid has cut off FTX’s access to its users’ bank accounts after troubling reports surfaced that the bankrupt crypto exchange was attempting to access them. In a recent announcement, P...
Crypto guru warns users of “known scammers” as Vitalik Buterin lauds former crypto scammer – crypto.news
Inventor of Uniswap Hayden Adams has told his users to be wary of “known scammers” trying to reform. Meanwhile, Vitalik Buterin praised former crypto scammer Mark Karpelès for his reforming strategy. ...
Bitget Prepares 5 Million USD Builders Fund to Help Users Distressed by FTX Collapse – Press release Bitcoin News
press release PRESS RELEASE. Nov 14th, 2022 – Leading global cryptocurrency exchange Bitget announces that it has set aside a 5 Million USD worth of Builders’ Fund, aiming to help those affiliates, in...
DEX trading volumes spike as users leave CEXs en masse
Confidence in centralized exchanges seems to have reached a new low following the FTX fallout. Trading volumes across all exchanges have experienced a vertical drop over the weekend, as users rush to ...
Crypto users favoring DEX in the wake of CEX failures, triggering drastic reactions – crypto.news
Recent CEX updates have triggered several reactions in the crypto space; Uniswap trading volume spikes, ETH falls into deflation as MEV Robotics activities, and USDC trading peaks. CEX falling integri...
Binance Shouldn’t be Responsible to Every User’s Loss in the Industry: CZ
Binance’s CEO, CZ, had an ask-me-anything (AMA) session on Twitter and answered community questions, mostly related to the FTX fallout and how he thinks the industry will move forward. In essence, CZ ...
Chiliz Founder Allocates 38 Million CHZ to Bailout Affected FTX Users
The founder of Chiliz is allocating 38 million CHZ to individual users who could not withdraw their funds from FTX. Users can now receive compensation of up to $10,000 as part of this initiative. The...
FTX Users Have Slim Chance of Recovery as FTT and SOL Plummet
Users of the embattled FTX exchange have had a bad week. Things are likely to get much worse for them if the firm’s balance sheet is anything to go by. The cascade of events following the FTX collapse...
4,500 Doxed Tokensoft Users, a Rush on Cold Storage Wallets: Where’s the Silver Lining?
Many might question the wisdom of launching a public fundraising event in the crypto space at the same time as trust in the sector is bottoming out. But Tokensoft, a token sale platform in the process...
Tornado Cash Redesignation: Does it Change Anything for US Users?
Even as crypto melted down over the FTX debacle, the US Treasury amended the basis it used to sanction crypto mixing service Tornado Cash, after lawsuits argued the government can’t enforce such a ban...
FTX users may be cashing of bankrupt crypto exchange through a Bahamas loophole
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Some FTX users appear to have f...
Tons of KuCoin users buy into Toon Finance presale
KuCoin exchange users are evidently very interested in the upcoming Toon Finance presale. Many people have already bought into the presale. Toon Finance aims to provide a platform where users can inve...
FTX & FTX-US Hacked! A Pre-Planned Insider’s Move? Millions of Users’ Funds Flow Out
The FTX-drama is getting bitter and bitter every new day, impacting the crypto markets adversely. After the firm filed for bankruptcy, a price movement of nearly $400 million was witnessed late Friday...
BlockFi Protecting Users From Uncertain Alameda and FTX Scenario
BlockFi announced a temporary halt on fund withdrawal. The announcement comes following the potential liquidation of FTX. FTT was trading at the market price of $2.9. The Effects Had Begun The news of...
Onchain Data Shows FTX US Paused ETH Withdrawals for 2 Hours, Users Complain of Withdrawal Errors – Bitcoin News
After FTX International’s parent firm West Realm Shires Services filed for Chapter 11 bankruptcy protection in Delaware, users noticed that FTX US was included in the bankruptcy filings. On the U.S. e...
FTX users exploit loophole to withdraw crypto
Listen to this article. As the FTX meltdown continues, worried users are turning to inventive, risky, and most probably illegal workarounds to attempt to extract what funds they can from the Bahamas-b...
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 ...
Matrixport reveals FTX exposure; 79 users incurred losses as result
Matrixport, a crypto financial services platform that bills itself as a neo-bank, revealed to clients that two of its products have exposure to FTX. Matrixport’s bitcoin fixed income prod...
Desperate FTX users employ shady tactics to bypass bankruptcy process
Social media is flooded with posts from desperate FTX users asking for help to withdraw locked funds. According to Zane Tackett, the former Head of Institutional Sales at FTX, Bahamians are authorized...
Liquidity Crunch: Tron-based Tokens Surge as FTX Users Try Withdrawal Alternatives
Tron and Tron-based tokens have surged between 500% and 4000% on the FTX exchange as the exchange pursues alternative options to get out of its liquidity crunch. The surge started after FTX announced ...
FTX’s Deal With Tron Allows Users To Swap Assets
Sam Bankman-Fried led cryptocurrency exchange FTX announced that it had reached an agreement with Justin Sun’s Tron. The agreement allows holders of select assets, such as TRX, to swap them from the F...
Chiliz Network Shares Crucial Updates for Users, Here Are Details
According to the most recent update from the Chiliz network, the CHZ token and fan tokens will merge into a single blockchain as part of the transition to Chiliz Chain 2.0, a new and upgraded version ...
SBF seeks to raise liquidity for FTX International; funds to go “straight to users”
FTX’s CEO Sam Bankman-Fried (SBF) posted a Twitter thread to say that FTX U.S. was 100% liquid and that he’d do all he can to raise liquidity for FTX International. SBF started by admitting his role i...
Peak traffic on Ledger left users unable to move crypto
As Sam Bankman-Fried’s crypto exchange FTX faces bankruptcy, users are scrambling to move cryptocurrency to cold wallets like Ledger and Trezor — but due to a sudden surge in traffic, Ledger experienc...
FTX Announces Downsizing In Alameda, Promises To Reimburse Users
Sam Bankman Fried, CEO at FTX, explained the current state of the crypto exchange platform and their efforts to make users whole. The trading venue collapses after facing a “liquidity crunch” and halt...
Users Can Get Sandwich on Lightning Network as Subway Accepts Bitcoin
To encourage this initiative, users who make payments in BTC on all footlongs, and meatball marinaras would have a 10% discount. Subway, the largest franchise in the world, is reportedly tapping into ...
FTX Website Experiences Temporary Outage, Warns Users Not to Make Deposits
While FTX US’s website is currently functioning fine, other websites associated with the struggling exchange have gone dark in the wake of its liquidity crisis and subsequent news that it would ...
Binance reassures users by topping up SAFU to $1 billion
The crypto-market turmoil triggered by FTX’s solvency concerns has got the whole industry in a blanket of FUD. Everyone from influencers, traders, and investors are scrambling to take their funds off ...
AllianceBlock launches solution enabling users to prove their digital ID without compromising privacy
AllianceBlock announced on November 9 the launch of its Trustless IDentity Verification (TIDV) solution on Mainnet. The initial integration will take place through the Fundrs platform with the aim of ...
Brazil’s BTC & Crypto Users Soars Above 1.5M!- TheNewsCrypto
BTC and Crypto users on rise in Brazil. Crypto and BTC users crosses over 1.5 million users. USDT declared to be the most traded and holded. Though not a fully developed economical country, with the c...