Author: e_cash_top

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[ad_1] The release of October’s Consumer Price Index (CPI) data showed inflation at 7.7% year-on-year. This came in better than the estimated 7.9% figure. The initial response from Bitcoin saw a much-needed price spike to peak at $17,800 as of press time. Fed sends mixed signals On November 2, following the conclusion of the FOMC…

Bitcoin trades at 2-year low as market rut continues

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in Uncategorized

[ad_1] In the last 24 hours, the cryptocurrency market cap saw outflows of around $50 billion as the industry plunged to $828.94 billion from $875.52 billion as of press time — down 4.23%. Bitcoin and Ethereum’s market cap fell by 7.25% and 1.95% to $317.46 billion and $143.79 billion, respectively. The top 10 cryptocurrencies recorded…

Tether dollar peg sinks 1.7% as FTX-induced turmoil persists

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[ad_1] 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 insolvency woes has piled on sell pressure across crypto markets. The seven-day performance for the top 100 tokens has seen double-digit losses across the…

Justin Sun-linked tokens resume trading on FTX at higher prices

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[ad_1] Several crypto assets linked to Justin Sun, including Tron (TRX), Just (JST), Sun (SUN), BitTorrent Token (BTT), and Huobi Token (HT), have resumed trading on struggling crypto exchange FTX. #TRX trading on @FTX_Official has resumed. Working on withdrawal function. Stay tuned. — H.E. Justin Sun🌞🇬🇩🇩🇲🔥 (@justinsuntron) November 10, 2022 Sun revealed this in a…

Sequoia writes-off over $200M FTX investment as ‘worthless’

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[ad_1] Venture capital firm Sequoia Capital revealed that its investment in FTX is worthless, as it is marking the investment down to zero, according to a Nov. 10 note sent to its limited partners. Here is the note we sent to our LPs in GGFIII regarding FTX. pic.twitter.com/Cgp1Yxk1pz — Sequoia Capital (@sequoia) November 10, 2022…

LUNA dwarves FTX in terms of losses but the worst is yet to come

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[ad_1] The fallout from FTX’s insolvency has already shaken the crypto industry to its core. After several days of speculation about the state of FTX’s balance sheet, the exchange yielded and admitted defeat, announcing that it was in process of being acquired by Binance. The tension that arose from speculation strained the market, which took…

Tom Brady, Gisele Bündchen’s investment in FTX at risk following collapse

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in Uncategorized

[ad_1] Following the recent developments leading to Binance’s planned buyout of FTX and later backtracking on the deal, Tom Brady and Gisele Bündchen’s 2021 investment in FTX is at risk as the exchange faces insolvency, CoinDesk reported. In June 2021, Bloomberg News reported that Brady and Bündchen took an equity stake in FTX as part of…

Binance-FTX deal reportedly scrapped without FTX.US on table; legal, compliance teams quit

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[ad_1] The Binance-FTX deal appears to be off as a source with knowledge of the matter and text conversations reviewed by Blockworks indicated that Binance won’t acquire FTX unless FTX.US is included. The source claims that Binance won’t consider the deal for FTX’s standalone operations due to the Federal Trade Commission opening an investigation into…

FTX gone? – website turned off before returning to ‘advise against depositing’

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[ad_1] The FTX.com domain went offline around 10 pm GMT for around 20 minutes before coming back online with a prominent red notice to users. The statement reads, “FTX is currently unable to process withdrawals. We strongly advise against depositing.” FTX.COM A further notice was added moments later stating, “All onboarding of new clients has…

Nexo distances itself from FTX

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