FTX

Fan-themed token Chiliz (CRYPTO: CHZ) is recording a massive rally, as the FIFA World Cup is scheduled to take place in the next few days. What Happened: CHZ, the native token of the Socios.com platform, is up 45% in the past week. Bitcoin (CRYPTO: BTC) is trading at $16,520, up...

Popular stablecoins are moving off exchanges, as the cryptocurrency industry continues to roil following the FTX (CRYPTO: FTT) collapse. What Happened: Over $23 billion in stablecoins have exited cryptocurrency exchanges, since March 2022, according to Santiment Insights.  The market cap...

Stablecoin issuer Tether (CRYPTO: USDT) said on Wednesday that it had no exposure to institutional cryptocurrency lender Genesis or the Gemini Earn program, which have halted withdrawals. What Happened: The lending division of crypto investment bank Genesis Global Trading ...

Sam Bankman-Fried, the CEO of the beleaguered FTX cryptocurrency exchange, wanted regulators to let retail investors trade cryptocurrency derivatives with borrowed funds, according to the head of a U.S. regulatory agency. What Happened: Rostin Behnam, chair of the Commodity Futures...

Cryptocurrency lender BlockFi is closer to bankruptcy, an announcement that could come in the coming days according to a new report. What Happened: Crypto lending company BlockFi has been in the news recently thanks to its connection to cryptocurrency platform FTX. After FTX declared bankruptcy...

The still nascent crypto industry was dealt another heavy blow last week — with details still being uncovered — of the collapse of once-billionaire whiz kid Sam Bankman-Fried's FTX crypto exchange platform. Being one of two publicly traded companies with active crypto exchanges, Coinbase Global Inc...

The co-founder of the collapsed crypto fund Three Arrows Capital (3AC) says FTX founder Sam Bankman-Fried was allegedly “hunting” the fund's positions and colluding to bring it down. Kyle Davies on Wednesday said he was the biggest critic of the collapsed crypto exchange...

The state investment fund of Singapore, Temasek, is prepared to write down investments to the tune of $200 million to $300 million in the bankrupt cryptocurrency exchange FTX. In concurrent investment rounds of $400 million each, Temasek invested in the FTX mothership and its U.S. subsidiary FTX US...

The turmoil surrounding FTX derailed what was otherwise a favorable developing situation for cryptocurrencies because few major marginal sellers remained in the market after significant deleveraging in May and June this year. That is among the findings in a new report from crypto ...

A further downturn may be coming to Bitcoin (CRYPTO: BTC) with miners increasing their selling pressure amid ongoing downturns caused by the ongoing fallout caused by FTX's bankruptcy. What Happened: Glassnode data shows that the seven-day moving average netflow of miners' Bitcoin...

A U.S. Congressman who has been critical of the cryptocurrency market is speaking out after the bankruptcy of crypto trading platform FTX. Here’s what he said. What Happened: Liquidity concerns, high debt levels and the collapse of the FTX Token (CRYPTO: FTT) preceded FTX filing for...

Ethereum Classic (CRYPTO: ETC) was sliding about 3% lower during Wednesday’s 24-hour trading session amid cascading fears stemming from the FTX fallout. The lending division of crypto investment bank Genesis Global Trading temporarily halted redemptions and the initiation of new loans...

The Bahamas arm of cryptocurrency exchange FTX filed for Chapter 15 bankruptcy in the Southern District of New York, days after its parent company, along with its 130 other associated companies, declared themselves bankrupt.  The paperwork, which was registered late Tuesday night, comes...

Coinbase Global Inc (NASDAQ: COIN) CEO Brian Armstrong on Wednesday termed Sam Bankman-Fried, the beleaguered founder of FTX, a “criminal.”  Also slamming a Wall Street Journal report on Bankman-Fried as being a “puff piece,” Armstrong said this was a turning point...

Days after the collapse of cryptocurrency exchange FTX, the lending division of crypto investment bank Genesis Global Trading has temporarily stopped accepting redemptions and initiating new loans. Interim CEO Derar Islim confirmed the decision to customers on a Wednesday call. According to the...