ftx – Page 112 – DIGIT INFO

California Regulator Reveals Investigation Into FTX’s Failure, Says ‘Crypto Assets Are High-Risk Investments’

November 11, 2022 by DIGIT

After it was discovered that FTX was dealing with financial issues and the crypto exchange paused withdrawals, U.S. regulators started to take notice. On Nov. 10, 2022, California’s Department of Financial Protection and Innovation (DFPI) published a consumer alert and said the state regulator was “investigating the apparent failure of crypto asset platform FTX.” California’s … Read more

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

November 11, 2022 by DIGIT

A bearish technical setup and a declining number of Ethereum whales pose downside risks for ETH price. Go to Source Powered by WPeMatico

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

November 11, 2022 by DIGIT

ETH price plummeted to a 4-month low at $1,070 after a wave of futures liquidations. Go to Source Powered by WPeMatico

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

November 11, 2022 by DIGIT

Deepak.eth, the founder of the blockchain infrastructure Chain, listed their NFT collection for sale on OpenSea starting at 8,000 ETH. Go to Source Powered by WPeMatico

California regulators to investigate FTX crypto exchange collapse

November 11, 2022 by DIGIT

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. Go to Source Powered by WPeMatico

Tether CTO confirms no plans to rescue FTX

November 11, 2022 by DIGIT

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. Go to Source Powered by WPeMatico

Major stablecoins destabilized as market volatility and redemptions surge

November 11, 2022 by DIGIT

Nearly all major stablecoins lost their dollar pegs amid the FTX saga, but most have recovered again as markets stabilize. Go to Source Powered by WPeMatico

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

November 11, 2022 by DIGIT

The JST token in particular is trading for a premium of around 1,200%, while BTT and TRX have inflated at least 500% apiece. Go to Source Powered by WPeMatico

Blockfi Pauses Customers Withdrawals, Cites ‘Lack of Clarity’ on FTX’s Status as Cause

November 11, 2022 by DIGIT

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 clarity” on the current state of FTX, which had previously announced an investment of $250 million in the … Read more

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

November 11, 2022 by DIGIT

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. While coin market aggregation sites say tron tapped a high of $0.06 per token on … Read more