Category: Latest news

[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…

[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…

[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…

[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…

[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…

[ad_1] Silvergate Company in North America Silvergate is a Federal Reserve member bank and the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry which is based in La Jolla, California. Learn More Info Twitter LinkedIn [ad_2] Source link

[ad_1] Speaking to CNBC about the FTX collapse, Three Arrow Capital co-founder Kyle Davies slighted the bankrupt exchange by saying: “In the trueness of time, we will find out the truth and we’re looking forward to justice.” FTX filed for bankruptcy on Nov. 11 following a run that depleted the exchange’s liquid reserves. Precise details…

[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…

[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…

[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…