Author: e_cash_top

—

by

[ad_1] Stablecoins are cryptocurrencies that peg their value to reference assets, including fiat currencies, commodities, or other cryptocurrencies. They form an integral part of the crypto ecosystem by offering price stability in an otherwise volatile market. Cycling into and out of stablecoins, users provide liquidity and exit positions. This cycling relationship between Bitcoin and stablecoins…

FTX’s ex-CEO Sam Bankman Fried claims Alameda had more assets than liabilities just a few days before bankruptcy filing

—

by

[ad_1] Ex-FTX CEO Sam Bankman Fried said in a recent tweet that Alameda had more assets than liabilities as of Nov. 7, just a few days before it filed for bankruptcy, but noted that the assets were not liquid. Bankman-Fried maintains that FTX US had enough money to repay all customers as of Nov. 7.…

UK Treasury Committee to probe Binance’s role in FTX collapse

—

by

[ad_1] Lawmakers in the U.K. have asked Binance to submit internal discussions and documents relating to its attempted purchase of FTX and the sale of the bankrupt exchange token FTT, Bloomberg News reported on Nov. 15. According to the report, the U.K. Parliament’s Treasury Committee questioned why Binance revealed it was selling $500 million worth…

ZachXBT calls out Gate.io for keeping 2018 hack under wraps

—

by

[ad_1] Cryptocurrency exchange Gate.io allegedly covered up a hack that occurred on April 18, 2018, which saw $230 million swiped from the exchange, according to a Nov. 14 Twitter thread detailing the incident by on-chain sleuth ZachXBT. ZachXBT called out Gate.io’s founder and CEO Lin Han for advocating for blockchain asset security and claiming Gate.io…

3AC wallet shifts over $20M in ETH, stablecoins over past 6 days, fueling rumors of revival attempt

—

by

[ad_1] Transactions on the Three Arrows Capital (3AC) wallet have been revitalized as funds began to move again in its main wallet. Large movements of Ethereum (ETH), USDT, and USDC can be seen in the image above, transacting between Nov. 9 and Nov. 11. A total of over $20 million in the three crypto assets…

Over $500M flew out of Solana in a week, DeFi TVL down 63%

—

by

[ad_1] The total value locked (TVL) in Solana (SOL) network’s decentralized finance (DeFi) ecosystem stood at $330 million as of Nov. 14 — signifying a drop of 96.75% from a peak of $10.17 billion in December 2021, according to DeFiLlama data. TVL in Solana DeFi progressively fell throughout 2022, driven by SOL’s dropping value and…

Sam Bankman-Fried ends bizarre tweet thread and we are still none the wiser

—

by

[ad_1] Former FTX CEO Sam Bankman-Fried (SBF) appeared to end a day-long cryptic tweet thread with standard disclaimers and a reference to poor memory. The problem is, the community is still none the wiser about what any of it means. 10) [NOT LEGAL ADVICE. NOT FINANCIAL ADVICE. THIS IS ALL AS I REMEMBER IT, BUT…

Crypto.com CEO dismisses bank run speculation; Alameda Research held tokens before their FTX listings

—

by

[ad_1] The biggest news in the cryptoverse for Nov. 14 includes Crypto.com CEO saying his exchange accidentally transferred 320,000 ETH to Gate.io; Kraken, Coinbase, and Gate.io publishing full proof-of-reserves with liabilities, and Binance launching a recovery fund for strong projects caught up in the FTX collapse. CryptoSlate Top Stories Crypto.com becomes latest bank run victim,…

Crypto asset management firm Ikigai ‘caught up in the FTX collapse’

—

by

[ad_1] Crypto asset management firm Ikigai Asset Management is among the companies to get caught up in the FTX collapse as it had a large portion of its assets on the collapsed exchange, according to the firm’s founder and chief investment officer, Travis Kling. Unfortunately, I have some pretty bad news to share. Last week…

BlockFi has ‘significant exposure’ to FTX, denies talk of majority of assets being custodied at FTX

Nov 14, 2022

—

by