Sat, January 17

Genesis’ Lending Arm Halted Withdrawals After Failing To Raise $1B

According to a report by WSJ, cryptocurrency lender Genesis attempted to obtain a $1 billion loan from investors to prevent a liquidity constraint caused by the impact of the bankruptcy of cryptocurrency exchange FTX. Genesis required the credit by Monday at 10 am EST. Because of “abnormal withdrawal requests which

November 18, 2022 1 min read

Grayscale’s GBTC Available at Record Low of 43% Discount

A little over a week after hitting its previous record low discount to the price of Bitcoin. Grayscale’s Bitcoin Trust (GBTC) struck a new one. YCharts data shows that as of Friday morning, the Bitcoin-tracking investment vehicle was trading at a discount of 42.69%. Introduced in September 2013, GBTC is

November 18, 2022 1 min read

CK Zheng Speculates FTX Is Last to Wash Out in This Stressful Crypto Winter

Operating as the third largest crypto exchange, FTX is now at zero level due to its highly-spoken liquidity crunch. Moreover, the collapse of FTX has shook the entire investors community and large users for investing in crypto markets. At present the whole crypto market is bearish with fall in prices

November 18, 2022 2 mins read

Crypto Lender Vauld Eyeing Merger Post $10M Exposure to FTX

According to recent reports, Vauld, a major crypto lender in Asia, has funds locked in the defunct FTX cryptocurrency exchange. Vauld authorities have been trapped with almost no cash as a result of the continuing FTX problem. Despite the exposure being worth an estimated $10 million. Since it lacked its

November 18, 2022 1 min read

Binance Reportedly To Resubmit Bid to Acquire Voyager Digital

Binance U.S is going to resubmit a bid.  After FTX filed for Chapter 11 bankruptcy, the agreement with Voyager fell through. Voyager’s exposure to FTX was $3 million as well. It has been reported that Binance U.S, will recommence its offer to acquire defunct cryptocurrency lender Voyager Digital. As a

November 17, 2022 1 min read

Uniswap Reportedly Down Due to Some Technical Glitch

Many users have complained that they have been unable to use Uniswap for a long time. According to WuBlockchain, the Uniswap discord mod said that the web app was down for everyone.  It seems that there is a problem with Cloudflare’s routing, according to reports. It was also noted that

November 17, 2022 2 mins read

Crypto Exchange Binance Suspends Solana USDC and USDT Deposits

Temporarily, Binance has stopped accepting deposits of USDC (SOL) and USDT (SOL) from users. This comes after crypto.com blocked USDC and USDT withdrawals and deposits for Solana. Crypto.com highlighted recent industry developments for the decision. After this news, the price of Solana (SOL) has fallen significantly. The price of SOL

November 17, 2022 1 min read

Crypto Exchange Gemini Back Online After Hit by Outage

Gemini, a cryptocurrency exchange, said on Twitter that it had a brief service outage today. The exchange informed consumers earlier today that Earn programme lender Genesis was temporarily suspending withdrawals. Gemini outage was struck just hours later, for reasons it called an “Amazon Web Services EBS outage,” which it explained

November 17, 2022 2 mins read

Bahamas Regulators Want Authority of FTX Bankruptcy Hearings

The bankruptcy hearings for FTX have the potential to turn complex, so regulators in the Bahamas want to take over. In New York bankruptcy court on Tuesday, the exchange’s Bahamian subsidiary FTX Digital Markets Ltd. filed for chapter 15. Legal counsel for the insolvency, Bahamas-based Brian Simms, said in the

November 17, 2022 1 min read

Investors File Lawsuit Against Celebs Who Promoted FTX

To recoup their losses, a group of investors filed a class action lawsuit against the defunct cryptocurrency exchange FTX, its founder Sam Bankman-Fried, and several celebrities, alleging that they participated in a “fraudulent scheme” to “take advantage of unsophisticated investors from across the country.” Defendants were accused of actively participating

November 17, 2022 1 min read
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