FTX

The cryptocurrency market faced setbacks in 2022 that included companies declaring bankruptcy, companies in the sector cutting jobs and the price of top coins falling significantly during the year. With the crypto industry in a bear market, many wonder if a comeback will happen in 2023 or if...

The on-chain activity for Bitcoin (CRYPTO: BTC) witnessed a short-term burst of new addresses in the wake of the FTX fiasco but has since cooled off significantly. What Happened: According to Glassnode insights, the monthly average of new BTC addresses is now leveling out to the yearly average...

After weeks of stagnation, the crypto market roared back to life on Monday as coins with smaller market capitalizations outperformed larger ones like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).  What Happened: Among the biggest winners was FTT (...

Despite protests from the legal counsel for the discredited FTX co-founder, the U.S. Department of Justice (DOJ) formally seized the 55,273,469 shares of Robinhood Markets Inc (NASDAQ: HOOD) — an 8% stake — linked to Sam Bankman-Fried and Gary Wang. Prosecutors with the commercial...

Voyager is defending its intention to sell $1 billion worth of assets to Binance.US. The cryptocurrency lender called objections to the deal "hypocrisy and chutzpah based on unverified speculation,” according to legal documents. Alameda Research, the trading division of insolvent...

Federal prosecutors in New York, along with the U.S. Securities and Exchange Commission, are investigating Digital Currency Group (DCG) for possible wrongdoing involving internal transfers at its lending subsidiary, Genesis. DCG has reportedly received requests for documents and interviews by...

The cryptocurrency market faced major setbacks in 2022 with several negative headlines impacting companies in the sector and taking down the price of the leading cryptocurrencies. With the crypto industry in a bear market, many wonder if the sector will experience a comeback in 2023 or instead...

FTX founder Sam Bankman-Fried is facing legal battles as he attempted to keep control of his 56 million shares in the consumer trading app Robinhood Markets Inc (NASDAQ: HOOD), currently worth around $450 million. Bankman-Fried acquired them through his holding company Emergent...

The U.S. Securities and Exchange Commission (SEC) is seeking information about the due diligence conducted by investors in FTX, Reuters reported citing unnamed sources. The SEC has already brought charges against three top executives of the bankrupt crypto firm, which allegedly defrauded...

Canaccord Genuity has lowered the price target for Silvergate Capital (NYSE: SI), citing its trade at a discount to book value. This comes after the bank released preliminary fourth-quarter results that showed a significant drop in customer deposits. The Analysis: The...

Solana (CRYPTO: SOL), one of the leading proof-of-stake cryptocurrencies, has skyrocketed by an astonishing 65% in the past week thanks to BONK (CRYPTO: BONK), a Dogecoin knockoff that debuted on the Solana ecosystem this year. What Happened: BONK is a meme-inspired cryptocurrency modeled on...

Shares of crypto-focused bank Silvergate Capital Corp (NYSE: SI) plummeted by more than 47% on Thursday, after the bank released preliminary fourth-quarter results that showed a significant drop in customer deposits. What Happened: Digital asset deposits decreased from $11.9 billion...

Good Morning Everyone! The crypto community could not have asked for a better way to start the new year. Prices as of 4 pm EST, 1/4/22; % YTD MARKET UPDATE Is Bad Good? Example: Salesforce (NYSE: CRM) Grew headcount by 25,000 in the past 2 years This does not include headcount added...

Daniel Friedberg, the former top lawyer for Sam Bankman-Fried's FTX, has reportedly begun cooperating with U.S. prosecutors as they investigate the cryptocurrency firm's collapse.  What Happened: At a November meeting with two dozen investigators held at the U.S. Attorney for...

The U.S. Department of Justice is working to seize $465 million worth of Robinhood Markets Inc (NASDAQ: HOOD) shares associated with Sam Bankman-Fried, the founder of the collapsed FTX cryptocurrency exchange. What Happened: The prosecutors are not considering the 56 million Robinhood shares to be...