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Bitcoin plunged to a two-year low on Wednesday, as the FTX token sell-off continued to weigh on cryptocurrency markets. After an initial 30% slide, FTX token fell by as much as 80%, as Binance confirmed its intention to absorb the failing exchange. Ethereum was also lower, dropping below $1,200. Bitcoin Bitcoin (BTC) fell to its … Read more
Cryptocurrencies exposed to Sam Bankman-Fried and his companies, Alameda Research and FTX, have dropped by an average of 40% this week. Go to Source Powered by WPeMatico
According to on-chain data, FTT token supply increased by 124.3% on September 8 when 173 million FTT tokens were created by a 2019 ICO contract, and Alameda was the recipient. Go to Source Powered by WPeMatico
Binance CEO CZ took to Twitter to assure users that the crypto exchange’s insurance funds have been topped off at $1 billion as the debacle with FTX rages on. Go to Source Powered by WPeMatico
Market manipulation, lending activity, and safeguarding of customer funds and assets are some of the many issues Senator Lummis plans to address in the coming days. Go to Source Powered by WPeMatico
Sam Bankman-Fried has deleted a Twitter thread where he tried to assure customers that FTX and the assets on the platform were “fine.” Go to Source Powered by WPeMatico
BTC price pressure sees sellers take out existing two-year macro lows, but optimism over a relief “pump” is building. Go to Source Powered by WPeMatico
Sam Bankman-Fried no longer ranks in the top 500 on Bloomberg’s billionaire index, but CZ remains at rank 87. Go to Source Powered by WPeMatico
Amid the market carnage on Tuesday, Nov. 8, the top ten cryptocurrency exchanges have seen trade volumes soar. During the 24-hour period on Tuesday, the top five exchanges alone recorded more than $60 billion in trade volume. Out of the top ten crypto exchanges by trade volume, exchanges saw increases between 126% to 305% during … Read more
The two showed up to talk about the big merger news in crypto on a Twitch podcast. Go to Source Powered by WPeMatico