54 / 56 Relevant items tagged with #Ftx

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Ethereum turns deflationary for the first time since the Merge — ETH price still risks 50% drop

[Nov 11, 2022 7:26 AM] A bearish technical setup and a declining number of Ether whales pose downside risks for ETH’s price.

Traders take a neutral position after Ethereum futures contracts see massive liquidations

[Nov 11, 2022 6:00 AM] ETH price plummeted to a 4-month low at $1,070 after a wave of futures liquidations.

FTX contagion victim Deepak.eth puts NFT collection up for sale

[Nov 11, 2022 5:39 AM] Deepak.eth, the founder of the blockchain infrastructure Chain, listed their NFT collection for sale on OpenSea starting at 8,000 ETH.

California regulators to investigate FTX crypto exchange collapse

[Nov 11, 2022 2:36 AM] The California DFPI announced it will open up an investigation as to the “apparent failure” of FTX and says it takes this oversight very seriously.

Tether CTO confirms no plans to rescue FTX

[Nov 10, 2022 11:08 PM] 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.

Major stablecoins destabilized as market volatility and redemptions surge

[Nov 10, 2022 10:24 PM] Nearly all major stablecoins lost their dollar pegs amid the FTX saga, but most have recovered again as markets stabilize.

Tron-based tokens sell at 1200% premium as FTX users scramble to withdraw

[Nov 10, 2022 9:30 PM] The JST token in particular is trading for a premium of around 1,200%, while BTT and TRX have inflated at least 500% apiece.

Kraken’s Jesse Powell Blast FTX And Sam Bankman-Fried Without Naming Them

[Nov 10, 2022 8:31 PM] 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

[Nov 10, 2022 8:30 PM] 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…

TRX’s USD Exchange Rate Jumps 270% Higher on FTX After Exchange Brokers Deal With Tron

[Nov 10, 2022 7:45 PM] 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…

JPMorgan Expects Crypto Market to Face Weeks of Deleveraging – Warns Bitcoin Price Could Drop to $13K

[Nov 10, 2022 6:30 PM] Global investment bank JPMorgan has warned of the crypto market facing weeks of deleveraging stemming from the crisis at Sam Bankman-Fried’s crypto exchange FTX.com and trading platform Alameda Research. The firm’s analysts also…

Breaking: Bahamas securities regulator freezes FTX assets

[Nov 10, 2022 5:25 PM] The Bahamas Securities Commission said FTX's assets could not be moved without the approval of a Supreme Court-appointed liquidator.

SEC, DOJ Investigate FTX — Regulators Suspect Crypto Exchange Mishandles Customer Funds

[Nov 10, 2022 5:00 PM] 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

[Nov 10, 2022 4:19 PM] 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

[Nov 10, 2022 4:03 PM] 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

[Nov 10, 2022 3:50 PM] According to Press Secretary Karine Jean-Pierre, the administration and financial agencies will “closely monitor” developments in the crypto market.

FTX US announces it may halt trading on its platform in a few days

[Nov 10, 2022 3:40 PM] 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’

[Nov 10, 2022 3:30 PM] Venture capital giant Sequoia Capital is marking its investment in the embattled crypto exchange FTX down to $0. “In recent days, a liquidity crunch has created solvency risk for FTX,” the firm stressed, adding that “The full…

Financial group CEO claims he tried to warn Bankman-Fried about insolvency in July

[Nov 10, 2022 3:30 PM] Richard Handler alleged that he offered restructuring services to FTX that might have saved it, but exchange reps refused to meet with him.

LayerZero Labs bought back its stake from FTX Ventures and Alameda

[Nov 10, 2022 3:00 PM] 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

[Nov 10, 2022 2:45 PM] “The news this week has been shocking, but we’ve also seen the community come together,” said CCI CEO Sheila Warren.

Binance Shares Hot and Cold Wallet Crypto Addresses and Details About the SAFU Fund

[Nov 10, 2022 1:30 PM] After disclosing the trading platform Binance would share proof-of-reserves, the exchange published a blog post called “Our Commitment To Transparency.” The Binance blog post shares addresses tied to the world’s largest…

Republican lawmaker claims SEC chair was coordinating with FTX 'to obtain regulatory monopoly'

[Nov 10, 2022 1:30 PM] 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.

Reports Claim Beleaguered Crypto Exchange FTX Seeks Over $9 Billion From Investors

[Nov 10, 2022 12:30 PM] 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…

‘Thank God’ El Salvador doesn’t have any Bitcoin on FTX, CZ clarifies

[Nov 10, 2022 12:00 PM] The Binance CEO added that the amount of misinformation going around now is “insane.”

FTX CEO Updates Crypto Community, Sunsets Alameda Trading, Addresses a Specific ‘Sparring Partner’

[Nov 10, 2022 11:30 AM] 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

[Nov 10, 2022 11:16 AM] “FTX’s FTT tokens are now worthless, and even worse, FTX.com customers are completely unable to access their funds,” said Maxine Waters.

Breaking: FTX appears to have resumed withdrawals, blockchain data shows

[Nov 10, 2022 10:25 AM] 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

[Nov 10, 2022 10:23 AM] 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…

Japan’s financial regulator requests FTX Japan halt operations

[Nov 10, 2022 10:10 AM] Under the orders, FTX Japan will be required to suspend OTC derivatives transactions and related margins as well as new deposits from Nov. 10 to Dec. 9 unless the FSA steps in.