Tether CTO confirms no plans to rescue FTX
FTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help.
Posts published on November 10, 2022 go to media archive 1/4
Ethereum Price Consolidates Losses, Why 100 SMA Could Trigger Rally
Ethereum started a recovery wave above the $1,200 level against the US Dollar. ETH must clear $1,320 and the 100 hourly SMA to start a sustained upward move. Ethereum started a recovery wave above the $1,200 and $1,220 levels. The price is now…
Twitter Files for Payment Business — Elon Musk Says Platform Could Offer Debit Cards, Money Market Accounts
Twitter has filed paperwork with the U.S. Financial Crimes Enforcement Network (FinCEN) to start a payment business. Tesla CEO and Twitter chief Elon Musk explained the social media platform could offer “an extremely compelling money market…
Major stablecoins destabilized as market volatility and redemptions surge
Nearly all major stablecoins lost their dollar pegs amid the FTX saga, but most have recovered again as markets stabilize.
Forget Politics, Stop Asking For Permission And Lean Into Bitcoin’s Utility Instead
Bitcoin Is The Solution To The World’s Trade Problems
Global trade needs to be built on an incorruptible standard that has no political or nationalistic affiliation.This is an opinion editorial by Heritage Falodun, a Bitcoin analyst and computer scientist based in Nigeria. I believe humanity deserves…
Tron-based tokens sell at 1200% premium as FTX users scramble to withdraw
The JST token in particular is trading for a premium of around 1,200%, while BTT and TRX have inflated at least 500% apiece.
Bitcoin Price Rejects $18K, Why There is Risk of Another Drop To $16K
Bitcoin price recovered over $1,500 and climbed above $17,500. BTC failed to clear the $18,000 resistance and started a fresh decline. Bitcoin started a recovery wave above the $17,000 and $17,200 resistance levels. The price is trading below…
US Senator Says Crypto Needs ‘More Aggressive Enforcement’ — ‘I’m Going to Keep Pushing SEC to Enforce the Law’
The Problem With Money, And The Solution Explained
Bitcoin is sound money because the blockchain makes its ledger tamper-evident, while proof-of-work ensures the blockchain is tamper-proof.This is an opinion editorial by Arman The Parman, a Bitcoin educator passionate about privacy.The ProblemTo…
Cathie Wood's ARK adds $12.1M in Coinbase shares amid turbulent markets
Ark Investments topped up its Coinbase stock shortly after FTX's liquidity issues were revealed, which came after Coinbase stated that it had “minimal exposure” to the troubled trading platform.
Kraken’s Jesse Powell Blast FTX And Sam Bankman-Fried Without Naming Them
Leave it to Jesse Powell to say what everyone in crypto is thinking. “I’m really trying to control my rage,” the mind behind Kraken tweeted to begin his rant. In the following article, we’ll comment on several of his very interesting points…
Blockfi Pauses Customers Withdrawals, Cites ‘Lack of Clarity’ on FTX’s Status as Cause
Blockfi, a cryptocurrency lending platform, has announced that it is limiting the operations of its platform and pausing customer withdrawals. The company issued a letter where it states that this decision was caused by the “lack of…
BlockFi joins the long line of crypto projects that claimed, only hours before TOTALLY SHUTTING DOWN, that they will “remain fully operational”. Thes...
BlockFi joins the long line of crypto projects that claimed, only hours before TOTALLY SHUTTING DOWN, that they will “remain fully operational”. These ppl need to be held criminally accountable for lying to investors. pic.twitter.com/TDAXJ1BqGI
BlockFi limits platform activity, including a halt on client withdrawals
"We intend to communicate as frequently as possible [...] but anticipate that this will be less frequent than what our clients and other stakeholders are used to."
TRX’s USD Exchange Rate Jumps 270% Higher on FTX After Exchange Brokers Deal With Tron
On Thursday, at approximately 12:48 p.m. (ET), the embattled exchange FTX revealed that it has created a special facility with Tron. The deal allows holders of specific Tron-based coins to withdraw the tokens to external wallets on a 1:1 ratio…
Genesis Trading reveals $175M of funds are locked in FTX
Genesis Trading is the latest firm to declare exposure to FTX and may look to its parent company for help as it did after the 3AC bankruptcy.
JPMorgan Expects Crypto Market to Face Weeks of Deleveraging – Warns Bitcoin Price Could Drop to $13K
Alchemy Pay Brings OnRamp and NFT Checkout to London Token2049
PRESS RELEASE. Fiat-crypto payment provider, Alchemy Pay, is bringing its mainstream-friendly services to Europe’s foremost crypto conference – London Token2049. The Singapore-based company has taken its payment network infrastructure and…
Crypto gaming needs to be fun to be successful — money doesn't matter
Contrary to what you might believe, monetary rewards in gaming are bad for player retention. Developers need to take player psychology and game design into account.
Have you ever gained 16k followers in a day? I have. And thank you to 16k more people who just joined the fight, It’s not over. It’s just beginning...
Have you ever gained 16k followers in a day? I have. And thank you to 16k more people who just joined the fight, It’s not over. It’s just beginning.
Crypto Market Loses $200 Billion As Bitcoin Plunges
Some days back, the crypto market was celebrating a significant rally in the price of major cryptocurrencies. Bitcoin hit a remarkable recovery surpassing the $20K level to $21,500. However, the story quickly changed as the FTT crash dragged the…
Breaking: Bahamas securities regulator freezes FTX assets
The Bahamas Securities Commission said FTX's assets could not be moved without the approval of a Supreme Court-appointed liquidator.
Maker (MKR) Records 13% Gains Undeterred By Market Downtrends
MKR, the native token of the Maker Protocol, has recorded substantial gains despite the most recent market downturn. After news of FTX’s liquidity crisis rocked the crypto market, several coins have struggled to bag daily gains to no avail…
SEC, DOJ Investigate FTX — Regulators Suspect Crypto Exchange Mishandles Customer Funds
The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are reportedly investigating cryptocurrency exchange FTX. The crypto firm is suspected of mishandling customer funds and breaking securities laws. Regulatory…
Chainlink Labs offers Proof of Reserve service for embattled exchanges
The company claimed its PoR product can restore trust in crypto exchanges through greater transparency, but not everyone is convinced.
FTX crisis feeds the Twitter rumor mill with hot takes and conspiracy theories
Exciting times lead to exciting posts, many of which bring up valid questions, and maybe some less valuable answers.
White House says 'prudent regulation of cryptocurrencies' is needed, hinting at situation with FTX
According to Press Secretary Karine Jean-Pierre, the administration and financial agencies will “closely monitor” developments in the crypto market.