FTX

Crypto analysts are far from optimistic about Bitcoin’s (CRYPTO: BTC) future, as the FTX (CRYPTO: FTT) contagion spreads fear among investors, who are increasingly moving their cryptocurrencies off exchanges. What Happened: A crypto analyst on Twitter flagged several high-liquidity zones for...

Cryptocurrency exchange FTX (CRYPTO: FTT) has pointed to evidence that suggests its disgraced former CEO Sam Bankman-Fried was ordered by Bahamian regulators to gain “unauthorized access” and obtain digital assets of the company following its bankruptcy filing....

Dogecoin (CRYPTO: DOGE) relative Litecoin (CRYPTO: LTC) is seeing an upward movement, after trading below the $60 mark for several weeks. What Happened: At the time of writing, LTC was trading at $62.85, up 8% in the last 24 hours, according to CoinMarketCap. This comes as meme coins DOGE and ...

Multiple exchanges disabled deposits and withdrawals for Solana-based Tether (CRYPTO: USDT) and USD Coin (CRYPTO: USDC) on Thursday. What Happened: Tether, in a blog post, said, “the move to suspend USDT deposits on these exchanges is likely just due to...

According to the newly appointed FTX CEO John Ray III's declaration of support for Chapter 11 proceedings on Thursday, Sam Bankman-Fried utilized business cash from the FTX Group to buy homes and other personal assets for staff and consultants. “In the Bahamas, I understand that corporate...

Binance CEO Changpeng Zhao on Thursday referred to FTX founder Sam Bankman-Fried as a "psychopath" after Bankman-Fried suggested in a tweet that Zhao was his "sparring partner" amid the cryptocurrency exchange’s financial collapse.  Zhao was speaking at an...

Crypto analytics company Chainalysis disclosed FTX owes it money in connection with the bankruptcy proceedings for the beleaguered cryptocurrency exchange. Chainalysis was listed as a creditor in filings submitted to the Delaware bankruptcy court on Wednesday, and it requested that any...

The collapse and bankruptcy of cryptocurrency platform FTX has been one of the biggest stories of 2022 and will undoubtedly have more ripple effects going forward. Along with impacting many cryptocurrency holders and investors, several athletes and celebrities are impacted and are now part of a...

Cryptocurrency exchange Binance on Thursday temporarily suspended deposits of the stablecoins USDC (CRYPTO: USDC) and USDT (CRYPTO: USDT) on the Solana blockchain "until further notice," but resumed a few hours later. "After internal assessment and review, Binance has now...

The majestic Bitcoin (CRYPTO: BTC) whales — crypto speak for large holders — that once rose as mountains among the waves of the crypto sea are getting thinner after the FTX fallout. The number of Bitcoin addresses holding at least 1,000 BTC — for a minimum value of about...

Proponents of cryptocurrency have long touted the technology’s transparency compared to traditional finance. But in the wake of the FTX fallout, it’s clear that the crypto industry has a long way to go if it wants to live up to this promise. One way to increase transparency in the space...

Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here, new FTX CEO John J. Ray III said in scathing remarks of the mismanagement at bankrupt cryptocurrency exchange FTX. Ray, who was hired after...

Binance US is reportedly preparing to relaunch a bid for bankrupt lending platform Voyager Digital Ltd (OTC: VYGVF), Coindesk reported, citing a person familiar with the plans. What Happened: Binance's bid for the U.S.-based Voyager was rejected due to national security concerns...

Winklevoss brothers-owned crypto exchange Gemini witnessed a surge in withdrawals early, as crypto firms tackle the cascading effects of the collapsed exchange FTX (CRYPTO: FTT). What Happened: On-chain data revealed by Nansen, $485 million have been withdrawn from Gemini, in the last 24 hours....

Securities regulators in the Bahamas are reportedly seeking to control FTX (CRYPTO: FTT) bankruptcy proceedings, challenging the company’s Chapter 11 filing in the U.S. What Happened: On Nov. 15, FTX’s Bahamian subsidiary FTX Digital Markets Ltd.,...