Category: Latest news

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[ad_1] After Binance walked away from the FTX takeover deal, the cryptocurrency exchange has turned to Kraken for a possible bailout, Reuters reported, citing two people familiar with the development. The latest development emanates after FTX CEO Sam Bankman-Fried said he’s working on emergency moves to raise funds. Further, Tron founder Justin Sun has surfaced…

Tether reportedly puts FTX’s $46M in USDT on ice

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[ad_1] Tether has reportedly blacklisted $46.27 million worth of USDT belonging to FTX. An address with a balance of 46,360,701 #USDT (46,274,472 USD) has just been frozen!https://t.co/W958MBbhA9 — Whale Alert (@whale_alert) November 10, 2022 Whale alerts reported that an FTX address with a balance of 46.36 million USDT was blacklisted. Coindesk reported that the seizure was carried…

SEC’s Gensler says more investor protection is needed after FTX fiasco

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[ad_1] SEC Chairman Gary Gensler addressed the ongoing market crisis caused by the FTX fallout during an interview on CNBC’s Squawk Box. Gensler, who has been pushing for increased regulation and targeting various crypto companies for fraud in the U.S., said the space needed better regulation and better enforcement. He explained that U.S. laws are…

Bitcoin spikes to $17,800 on better than expected CPI data

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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…

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…

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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