Author: e_cash_top

[ad_1] Due to the chain reaction of events following the FTX collapse, the leading exchange Coinbase felt the need to clarify that it has a ‘strong capital position’ amid market turmoil, and has zero exposure to Genesis. 2/ We won’t comment on every event in crypto, but for the sake of clarity: Coinbase has zero…

Gemini Earn halts withdrawals due to ‘market turmoil’ caused by FTX fallout

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[ad_1] 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 customer redemptions as mandated in its service-level agreement (SLA). The exchange said it was working with the Genesis team to help…

SBF faces investor lawsuit in the US as Australia suspends FTX operations; LFG spent $2.8B on UST peg defense

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[ad_1] The biggest news in the cryptoverse for Nov. 16 includes Gemini halting withdrawals on its Earn program, Coinbase saying it has zero exposure to Genesis Trading, and Messari estimating that FTX investors may get back up to 50% of their funds after bankruptcy process. CryptoSlate Top Stories Gemini Earn halts withdrawals due to ‘market…

Bitfarms sold more Bitcoin than it mined in Q3

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[ad_1] Bitcoin mining firm Bitfarms’ third-quarter report shows that the miner sold more BTC than it made in the quarter -the miner sold 2,595 BTC while mining 1,515 BTC. The miner focused on strengthening its position to survive the bear market by cutting costs and reducing its debt obligations significantly during the quarter. However, the…

Gemini down due to Amazon Web Services EBS outage; exchange working on restoring functions

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[ad_1] Crypto exchange Gemini services are down, causing speculation that it is the latest victim of the FTX crisis. However, the exchange has maintained on its status page that wire transfers are affected, but funds are secure. “Gemini is investigating reports of potential service disruptions. All customer accounts and funds remain completely secure,” Gemini said…

Can decentralized site IQ.wiki offer a better knowledge source for web3 than Wikipedia? #SlateCast 30

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[ad_1] IQ.wiki, formerly Everipedia, has ambitions to shake up blockchain and cryptocurrency knowledge via open collaboration and the wiki-based editing process. Although Wikipedia is among the top ten most visited websites and a go-to source for information, recent times have uncovered a volley of criticisms, including the lack of methodical fact-checking, subjective notability standards, and…

Nexo resolves real-time audit outage laying insolvency rumors to rest

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[ad_1] Nexo announced that it has resolved the bug that stopped displaying the real-time audit of its assets and liabilities. A Nexo representative confirmed to CryptoSlate that “the Armanino timeout has been resolved and it’s all up and running now.” Earlier today, the company said it experienced similar oracle technical difficulties in the past and…

Nexo says ‘real time audit’ error caused by technical malfunction, will be fixed soon

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[ad_1] Nexo responded to rumors of insolvency that sprang up on Nov. 16 after its website stopped displaying the real-time audit of its assets versus liabilities and said the attestation would be back up soon. A Nexo representative told CryptoSlate that similar oracle technical difficulties have happened in the past and it had already reached…

Audit reveals Luna Foundation Guard spent $2.8B to defend UST peg in May

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