Category: Uncategorized

[ad_1] Kris Marszalek tweeted details of Crypto.com’s reserves in a bid to address insolvency rumors. Marszalek said the company holds 53,024 Bitcoin, 391,564 Ethereum, and other crypto assets totaling approximately $3 billion. He added that this represents “only a portion of our reserves,” and a Proof of Reserves audit is currently going on with public…

[ad_1] In the last 24 hours, the cryptocurrency market cap saw inflows of around $50 billion as the industry rose to $872.68 billion from $828.94 billion as of press time — up 5.26%. Bitcoin and Ethereum’s market cap increased by 5.26% and 7.19% to $332.72 billion and $155.89 billion, respectively. The crypto market experienced a…

[ad_1] When markets turn red and inflation starts soaring, both regulators and consumers turn to CPI as a gauge for the damage done by soaring prices but in the chaos that ensues as markets enter into a recession, one metric always seems to be overlooked — the M2 money supply. The M2 is a measure…

[ad_1] In the aftermath of the FTX fallout, Bitcoin saw its price drop to a two-year low of $15,000, the exchange’s native token is on its way to becoming essentially worthless, and stablecoins across the market have been struggling to keep their peg. However, the fall of Sam Bankman-Fried’s empire is far from over. The…

[ad_1] Following on from one of the craziest days in crypto history on Nov. 9, the 24/7 crypto markets keep investors busy. Binance released its proof-of-reserves, FTX’s stablecoin balance nears zero, the Curve 3pool became concentrated with USDT, and 60,000 BTC left Binance. Rumors are brewing of an Alameda Research short position on Tether USDT…

[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…

[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…

[ad_1] The second most significant short of the year has assisted in sending Bitcoin to $17k. Amid the turmoil in the crypto markets due to the uncertain future ahead for the FTX exchange, prices across the board tanked on Nov. 8. Capitilizating on the situation; short positions were opened up at a volume not seen…

[ad_1] Galaxy Digital, one of the largest crypto financial services firms on the market, released its financial results for the third quarter of the year. The report revealed that the company has an exposure of approximately $76.8 million in cash and cryptocurrencies to FTX. Out of the $76.8 million, $47.5 million is currently “in the…