FTX turmoil increases scrutiny of industry, something institutional investors have been waiting for
Hedge funds and asset managers are deploying digital asset teams, but lack of regulatory clarity is holding them back.
Posts published on November 10, 2022 go to media archive 2/4
FTX US announces it may halt trading on its platform in a few days
According to the FTX US website, “Withdrawals are and will remain open.”
Major VC Firm Sequoia Capital Marks FTX Investment to $0 — Says ‘Liquidity Crunch Has Created Solvency Risk for FTX’
Financial group CEO claims he tried to warn Bankman-Fried about insolvency in July
Richard Handler alleged that he offered restructuring services to FTX that might have saved it, but exchange reps refused to meet with him.
Bitcoin options data shows sub-$17K BTC price gives bears a $200M payday on Friday
BTC bears are set to profit from this week's $710 million options expiry, which could be used to add further sell pressure to Bitcoin price.
New tool mirrors Optimism NFTs to Ethereum mainnet for use in verified apps
NFTs from Layer 2 were not previously recognizable to apps like Twitter.
LayerZero Labs bought back its stake from FTX Ventures and Alameda
The protocol announced an agreement to buy out 100% of FTX Ventures’s and Alameda Research’s equity position.
FTX US resigns from the Crypto Council for Innovation
“The news this week has been shocking, but we’ve also seen the community come together,” said CCI CEO Sheila Warren.
Bitcoin Price Outlook for November — FTX Crisis Fuels Bearish Momentum
It’s fair to say that the first ten days of November have been nothing short of historic in cryptocurrency markets. The turmoil surrounding FTX, and its all-but-confirmed collapse, seems to have eclipsed both Luna and Celsius, who also…
82% of Tether reserves held in ‘extremely liquid’ assets, according to attestation
The USDT issuer had total assets of $68.06 billion at the end of the third quarter, exceeding its total liabilities of $67.8 billion.
Why is the crypto market up today?
Bitcoin and the wider crypto market bounced higher today, but with the FTX drama in the forefront, investors are skeptical on whether the bullish momentum will hold.
Orange Pill: A New App To Meet Bitcoiners
A new app geared towards connecting local bitcoiners in real life called Orange Pill just launched at Pacific Bitcoin.The new Orange Pill App (OPA) is seeking to connect Bitcoiners in real life without the need for meetups and conferences, per a…
Bitcoin Eyes $18K Following Good US Inflation Report
The crypto market and Bitcoin trend over the past few days have been entirely unexpected. The market is feeling the heat from the bears as most of the crypto assets took to the south. Moreover, the FTX crisis has increasingly brought a different…
Binance Shares Hot and Cold Wallet Crypto Addresses and Details About the SAFU Fund
Republican lawmaker claims SEC chair was coordinating with FTX 'to obtain regulatory monopoly'
Minnesota Representative Tom Emmer did not provide any evidence to his claim Gary Gensler was "helping SBF and FTX work on legal loopholes," but said he was looking into the matter.
Bitcoin Supply In Loss Now At Similar Levels To COVID Crash And 2018 Bottom
On-chain data shows the amount of Bitcoin supply in loss has now reached levels similar to during the COVID crash and the 2018 bear market bottom. Bitcoin Supply In Loss Spikes Up Following The Latest Crash As pointed out by an analyst in a…
The Clearing House stands up for bank rights, opposes CBDC in comments for US Treasury
The payments operator responded to a Treasury inquiry related to the presidential executive order with an appeal to keep bank interests in sight when designing digital assets.
Bitcoin Bounces On Lower Than Expected CPI Data | BTCUSD November 10, 2022
Bitcoin has taken 10% back in a dramatic move following the announcement of October CPI data. CPI came in below expectations, causing a melt up in risk assets including cryptocurrencies. Take a look at the video below: VIDEO: Bitcoin Price Analysis…
Reports Claim Beleaguered Crypto Exchange FTX Seeks Over $9 Billion From Investors
On Nov. 10, 2022, two reports said that FTX CEO Sam Bankman-Fried (SBF) is canvassing for emergency funds up to $9.4 billion for the embattled exchange. One report says that SBF has solicited crypto companies like Tether, OKX, and Tron founder…
Project XENO’s Free Raffle Ticket Giveaway for Hikaru Collaboration NFT Sale
PRESS RELEASE. The authentic strategy blockchain game, PROJECT XENO, will host an NFT sale in collaboration with the most popular YouTuber with over 4.86 million followers (as of October 24), Hikaru, from November 23, 2022 to November 30, 2022…
‘Thank God’ El Salvador doesn’t have any Bitcoin on FTX, CZ clarifies
The Binance CEO added that the amount of misinformation going around now is “insane.”
Bitcoin Hardware Wallet Trezor Enables P2P Trading With Hodl Hodl
Trezor users can now buy and sell non-KYC bitcoin directly from their hardware wallets thanks to an integration with P2P platform Hodl Hodl.Users of the popular hardware wallet Trezor can now buy and sell bitcoin with no identity verification…
FTX CEO Updates Crypto Community, Sunsets Alameda Trading, Addresses a Specific ‘Sparring Partner’
On Nov. 10, 2022, FTX CEO Sam Bankman-Fried (SBF) addressed the crypto community in a thread posted to Twitter. SBF noted that he messed up and “should have done better” and also detailed that at some point he “might have more to say about a…
US lawmaker warns of ‘major consequences’ for users of unregulated crypto firms, citing FTX
“FTX’s FTT tokens are now worthless, and even worse, FTX.com customers are completely unable to access their funds,” said Maxine Waters.
Ethereum Whales Gobble Up Over 650,000 ETH As Market Hits New Lows
Ethereum whales are going straight to market to load up their bags as ETH falls to ‘discount prices’. Just like the rest of the crypto market, Ethereum has taken a beating down, falling more than 20% in the last three days. While panic continues to…
Oil And Gas Giant Shell Signs Two-Year Sponsorship With Bitcoin Magazine
The company will speak on stage at the next Bitcoin Conference showcasing its new cooling solutions meant to improve the bitcoin mining industry.Shell (NYSE: SHEL), one of the world’s largest oil and gas companies, has signed a two-year…
Biggest Movers: LUNC 13% Higher, as US CPI Boosts Crypto Markets
Terra classic has been one of Thursday’s biggest gainers, as crypto markets found light in the form of the latest U.S. inflation (CPI) report, which came in at 7.7%. The token was up by nearly 14% in today’s session, as founder Do Kwon ironically…
Ethereum Reclaims Demand Zone As Market Turmoil Heats Up; Is $500 Possible?
Breaking: FTX appears to have resumed withdrawals, blockchain data shows
Transactions appear to be leaving the FTX hot wallet at a rate in the single digits per minute.
Grayscale Bitcoin Trust Tumbles By 41% Amid The FTX Calamity
The recent crisis in the world’s third-largest crypto exchange, FTX, is creating more devastating conditions in the Bitcoin and crypto market. Over the past few days, the FTX token (FTT) has lost more than 70% of its value. The events seem to…