[Nov 16, 2022 9:30 AM] Following Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive officer Derar Islim said that the company’s…
[Nov 16, 2022 9:09 AM] Following the implosion of FTX and the locking up of over $175 million, Genesis’s lending arm faces a liquidity crisis and is actively seeking new capital.Cryptocurrency lender Genesis Global Capital has paused withdrawals and loan applications…
[Nov 16, 2022 8:30 AM] Smart contract platform tokens and decentralized finance (defi) protocols have taken a beating since the FTX collapse last week. The market capitalization of all the smart contract platform tokens in existence lost more than $22 billion during the…
[Nov 15, 2022 4:30 PM] On Nov. 14, the New York Times (NYT) published a massive 2,200-word expose and interview with the former CEO of FTX, Sam Bankman-Fried (SBF), and the article was criticized a great deal after it was published. The article noted that SBF would only…
[Nov 15, 2022 3:30 PM] Three days ago, on Nov. 11, 2022, it was reported that FTX’s wallets saw unusual activities and FTX Telegram channel admins stressed that FTX was “hacked.” The same day, the new FTX CEO John Ray confirmed there were…
[Nov 15, 2022 1:37 PM] The limited-edition run will donate a portion of tin sales to empower the growing coffee industry of El Salvador.Compass Coffee, a cafe company based in Washington DC, has partnered with the Embassy of El Salvador to launch Bitcoin Blend, a…
[Nov 15, 2022 1:30 PM] On Nov. 15, 2022, the crypto exchange Liquid Global revealed that it has suspended fiat and crypto withdrawals “until further notice.” The same day, customers leveraging the crypto lending platform Salt were also informed that Salt has paused…
[Nov 15, 2022 11:30 AM] On Nov. 14, 2022, the Securities Commission of the Bahamas (SCB) published a press release that explains the ‘Big Four’ accounting firm PWC (Pricewaterhousecoopers) has been designated as provisional liquidator in the FTX investigation. The SCB…
[Nov 15, 2022 9:30 AM] Since bitcoin started falling from its all-time high last year, the economist and gold bug, Peter Schiff, made sure everyone knows that he wholeheartedly believes the leading crypto asset will fall to zero. Now that FTX has collapsed, Schiff has…
[Nov 15, 2022 3:00 AM] 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…
[Nov 14, 2022 10:30 PM] Visa has reportedly terminated its global agreements with collapsed cryptocurrency exchange FTX and its U.S. arm, FTX US. The payments giant added that FTX’s “U.S. debit card program is being wound down by their issuer.” Visa Ends…
[Nov 14, 2022 3:30 PM] After Kevin Zhou, the co-founder of the hedge fund Galois Capital, revealed half of the firm’s assets were held on FTX, another crypto asset management firm called Ikigai detailed that “a large majority of the hedge fund’s total assets” were store
[Nov 14, 2022 1:30 PM] According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed to freeze the PAXG tokens after “direction…
[Nov 14, 2022 11:30 AM] In light of a recently published real estate listing, former FTX CEO Sam Bankman-Fried (SBF) is reportedly selling a 12,000-square-foot penthouse in the Bahamas for $39.9 million. Moreover, reports further detail that FTX Property Holdings spent…
[Nov 14, 2022 10:10 AM] A new report from the Bitcoin Policy Institute discusses why the industry needs to adopt proof of reserves following the bankruptcy of FTX exchange.The Bitcoin Policy Institute (BPI), a non-profit dedicated to furthering governmental Bitcoin…
[Nov 14, 2022 10:04 AM] The chief of Twitter and Tesla said that bitcoin ‘will make it’, but the financial winter may last quite some time following recent events in the ecosystem.Elon Musk, the newly appointed CEO of Twitter, said “BTC will make it, but might be a…
[Nov 14, 2022 6:30 AM] St. Kitts and Nevis will explore the possibility of making bitcoin cash legal tender by March 2023. The statement was made by St. Kitts and Nevis Prime Minister Terrance Drew as part of the Bitcoin Cash 2022 Conference held in the country…
[Nov 14, 2022 3:00 AM] A report shows Ukrainian Cyberpolice identified members of a group that defrauded people around the world through fake crypto investment offers. The criminal organization maintained offices and customer service centers with thousands of employees…
[Nov 13, 2022 1:00 PM] “A team of financial investigators” are currently investigating the now-defunct crypto exchange FTX, the Royal Bahamas Police Force said in a statement shared on Sunday. The police noted that the financial investigators were searching to see…
[Nov 12, 2022 4:30 PM] Following the reports that said FTX wallets were being drained and the FTX Telegram channel’s admins that detailed its possible malware might be present in FTX-related apps and websites, the company’s new CEO John Ray confirmed there were…
[Nov 12, 2022 1:30 PM] According to the co-founder of Galois Capital, the hedge fund manager who warned about the Terra collapse before it happened, half of the hedge fund’s capital is left trapped on FTX. Galois co-founder, Kevin Zhou, wrote a letter to investors…
[Nov 12, 2022 11:30 AM] According to Flightradar24’s official Twitter account, the most tracked flight at 3:33 a.m. on Nov. 12, 2022, was Sam Bankman-Fried’s (SBF) private jet flying from the Bahamas to Argentina. While the flight track doesn’t mean SBF took the…
[Nov 12, 2022 9:00 AM] On Nov. 11, 2022, FTX Trading Ltd. filed a voluntary petition for Chapter 11 bankruptcy protection in Delaware. The news followed a few days of speculation and evidence that had shown the digital currency exchange was likely insolvent. The…
[Nov 12, 2022 6:15 AM] Admins of the Telegram group of the FTX community stated that the platform had been hacked and all of the funds of the exchange seemed to be gone. FTX U.S. General Counsel Ryne Miller, who reportedly pinned the message in the group, explained he…
[Nov 11, 2022 3:30 PM] Companies developing software solutions for foreign customers are urging Russian authorities to allow them to accept crypto payments. The proposal is part of a package of measures aimed at supporting IT exports suggested by an industry organization…
[Nov 11, 2022 2:30 PM] After FTX International’s parent firm West Realm Shires Services filed for Chapter 11 bankruptcy protection in Delaware, users noticed that FTX US was included in the bankruptcy filings. On the U.S. exchange’s website, the firm notes…
[Nov 11, 2022 1:30 PM] On Nov. 11, 2022, the CEO of Crypto.com Kris Marszalek shared the company’s proof-of-reserves addresses that hold leading crypto assets like bitcoin and ethereum. Marszalek says a “proof-of-reserves audit preparation is underway” and the wallet…
[Nov 11, 2022 12:30 PM] The philanthropic effort created by the troubled crypto exchange FTX has detailed it is sunsetting operations and told the community that members were “shocked and immensely saddened” by the turn of events that transpired around the trading…
[Nov 11, 2022 11:30 AM] On Nov. 11, amid the confusion concerning troubled crypto companies like FTX and Blockfi, 3,500 ‘sleeping bitcoins’ from a wallet created on Oct. 7, 2011, moved for the first time in over 11 years. $60 Million Worth of 11-Year-Old…
[Nov 11, 2022 9:16 AM] FTX Group, which includes FTX U.S., filed for Chapter 11 bankruptcy following an intense liquidity crisis; CEO Sam Bankman-Fried stepped down.FTX has filed for Chapter 11 bankruptcy.The move includes FTX US, the group’s American subsidiary…
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