Author: e_cash_top

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[ad_1] The biggest news in the cryptoverse for Nov. 17 includes the high selling tendency of Bitcoin holders older than 10 years, SBF’s $1.6 billion personal loan from Alameda Research, and Bitcoin and Ethereum’s emergence as the second and third most shorted crypto asset. CryptoSlate Top Stories Who sold the most BTC in the aftermath…

New FTX CEO John Ray’s statement on bankruptcy case tells tale of an unmitigated disaster

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[ad_1] FTX’s fall from grace this week culminated in the company filing for Chapter 11 bankruptcy on Nov. 11. The filing includes all 130 companies under the umbrella, as well as the trading firm Alameda. On announcing the news, Sam Bankman-Fried resigned from his position as CEO. John Ray, who oversaw Enron following its accounting…

Genesis sought $1B emergency loan but never got it

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[ad_1] Crypto lender Genesis sought out an emergency loan of $1 billion from investors in the wake of FTX’s collapse and ensuing bankruptcy but never got the funds it requested, The Wall Street Journal reported Nov. 17. The loan request came before the company sent out a notification to clients earlier this week that it would…

FTX bankruptcy court filing reveals Alameda gave $1.6B in loans to SBF, others

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[ad_1] A Nov. 17 court filing from new FTX CEO officer John Ray III revealed that the former CEO of the bankrupt crypto exchange Sam Bankman-Fried got $1 billion in personal loans from Alameda Research. The restructuring classified all the affected companies in the bankruptcy into five silos. The Alameda Silo gave several company executives…

Research: 78% of all staked ETH is across 4 centralized providers; 74% of all blocks are OFAC compliant

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[ad_1] Ethereum (ETH) staking on-chain data shows that an estimated 78% of all staked ETH is across four centralized providers. Currently, an approximated 8-9 million ETH is staked across the following four providers: Lido – 4.5 Million ETH staked Coinbase – 2 million ETH staked Kraken – 1.2 million ETH staked Binance – 1 million…

Minor large cap sell-off sums up flat sentiment

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[ad_1] Over the last 24 hours, the cryptocurrency market cap saw net outflows of $8.43 billion and currently stands at $828.16 billion as of press time — down 1% from $836.59 billion on Nov. 16. Bitcoin’s market cap fell 0.5% to $318.5 billion from $319.9 billion, while Ethereum’s market cap decreased by 1.6% to $146.8…

President Bukele reveals El Salvador will buy 1 Bitcoin daily

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in Guides

[ad_1] President Nayib Bukele announced that El Salvador would buy 1 Bitcoin (BTC) daily starting November 18. We are buying one #Bitcoin every day starting tomorrow. — Nayib Bukele (@nayibbukele) November 17, 2022 The recent bear market does not appear to have deterred President Bukele’s interest in the flagship digital asset. Under Bukele, El Salvador…

Who sold the most BTC in the aftermath of the FTX collapse? 10yr holders sell at highest ever rate

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in Uncategorized

[ad_1] Aside from wiping out billions from the global market cap, the collapse of FTX also wiped out the confidence of even the most convinced Bitcoin holders. The market saw aggressive selling pressure last week, pushing Bitcoin’s price down to as low as $15,500. Graph showing Bitcoin’s price in November 2022 (Source: CryptoSlate BTC) CryptoSlate…

US financial committee to hold hearing on FTX collapse in December

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[ad_1] The United States House Committee on Financial Services plans to hold a hearing into FTX collapse in December. According to the press statement, the committee would “hear from the companies and individuals involved, including Sam Bankman-Fried, Alameda Research, Binance, FTX, and related entities.” The press release also noted that the hearing would focus on “the…

Silvergate records reveal $425M in transfers to South American money launderers

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