Bitget Raises Its Protection Fund to $300M to Reassure Users After FTX’s Collapse
PRESS RELEASE. Nov 15th, 2022 – Leading global cryptocurrency exchange, Bitget announces that it will increase its Protection Fund to 300 Million USD, in order to provide better protection and further assurance to crypto users. This is part…
Following FTX’s Collapse, These Exchanges Are Rumored To Be In Trouble
Amidst the FTX drama, it is still not clear what contagion effects the collapse of the world’s second largest crypto exchange will have on the industry as a whole. In addition to numerous hedge funds that have already spoken out about their…
FTX debacle sees Nansen take stock of major exchange onchain holdings
Blockchain analytics firm Nansen has released an overview of major cryptocurrency exchanges’ onchain asset holdings and portfolios in the wake of FTX’s collapse.
Trezor reports 300% surge in sales revenue due to FTX contagion
The hardware wallet firm is certain that the latest uptick in demand is a result of investors rescuing their funds in the aftermath of the FTX failure.
Metaverse of Entertainment Expected to Grow to Almost $29 Billion Driven by Consumer Spending by 2026, Study Says
A study from Technavio, a market research firm, has predicted that the area of the metaverse dedicated to entertainment, including virtual concerts, video games, and movies, will grow to $28.92 billion in value from 2021 to 2026. The report states…
Crypto Twitter unhappy with SBF 'puff piece' pushed by mainstream media
While SBF refuses to interact with Crypto Twitter, the same community he once called home, he was featured in New York Times trying to explain the sequence of events that led to the fall of FTX.
Bitcoin Shows Strength As Price Holds Above $16,500; Is This A Bear Trap?
BTC’s price loses its previous all-time high of $18,000 as Binance rejects the FTX takeover, with the price responding with a decline to a region of $15,500. BTC’s price continues to look bearish with the market’s current…
Onchain Data Reveals Alameda Acquired Specific Tokens a Month Before FTX Listings
According to a report stemming from the blockchain analytics firm Argus, Sam Bankman-Fried’s trading firm Alameda Research obtained tokens ahead of FTX.com listings. The report claims that Alameda acquired roughly $60 million worth of tokens…
Huobi Becomes Latest Crypto Exchange to Disclose Proof-of-Reserves
Huobi, the Seychelles-based crypto exchange, recently became the latest digital asset exchange platform to reveal the number as well as the value of its digital assets held in reserves. Huobi has said disclosing the assets held in reserves helps to…
Sam Bankman-Fried's weird, cryptic tweets attract even wilder theories
A series of strange tweets by former FTX CEO Sam Bankman-Fried caused widespread speculation on Twitter, but he claims he’s “improvising” and “making it up as I go.”
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