Mon, June 29

Tron Founder Justin Sun in Possible Talks to Acquire FTX

In an interview with Bloomberg on Friday, Justin Sun, Tron’s founder, said his team is doing due diligence on a possible purchase of FTX. The primary reasons for the move include ending the FTX liquidity issue and demonstrating industry solidarity. To alleviate the present liquidity crisis, Justin Sun and Sam

November 11, 2022 1 min read

FTX U.S Plans To Enable Withdrawal of Ethereum and MATIC

On Friday, FTX announced that ETH withdrawals will once again be available on the FTX US platform. In addition, customers who want to withdraw Polygon (MATIC) must cancel all outstanding withdrawals and submit a new withdrawal request as ERC20 MATIC. It was reported on Thursday by FTX CEO Sam Bankman-Fried

November 11, 2022 1 min read

Miami-Dade Hints Legal Action on FTX Arena Deal

Miami-Dade, the county that signed the deal with the insolvency cryptocurrency exchange said in a statement that it was currently reviewing and seeking evidence about FTX’s financial status and possible next steps. In addition, last month only the FTX logo was added to the Miami arena. The country stated that

November 11, 2022 1 min read

Crypto.com to Release Cold Wallet Addresses After Proof-Of-Reserve Pledge

Crypto.com, the Singapore-based crypto exchange firm, has made a recent announcement after it pledged to publish “audited proof of reserve.” According to a recent tweet from Kris Marszalek, the CEO of Crypto.com, the platform will publish the list of cold wallet addresses and balances for major digital assets within 24

November 11, 2022 1 min read

CoinShares Reveals $30.3M Exposure To Struggling FTX

CoinShares, a cryptocurrency investment, and trading group, has revealed that $30.3 million was exposed to the collapsing cryptocurrency exchange FTX. In a statement released on Thursday, CoinShares said that it has 190 Bitcoin and 1,000 Ethereum stored in FTX. With a total market value of around $4.3 million. The company

November 11, 2022 2 mins read

Tether’s CTO Paolo Ardoino Has No Plans Pulling Up Falling FTX

More than one possible savior has backed out as the cryptocurrency exchange FTX struggles to plug a multi-billion dollar hole in its financial sheet. After Binance, Tether’s CTO Paolo Ardoino said on November 10 that the business has “any plans to invest or lend money to FTX/Alameda.” Tether does not

November 11, 2022 2 mins read

Coinbase Announces New Wave of Layoffs Firing Over 60 Employees

Coinbase’s newest wave of layoffs is an indication that the exchange may still be seeking to reduce expenses in the current crypto bear market. According to Thursday’s report by The Information, more than sixty employees in Coinbase’s recruitment and institutional onboarding divisions will be let go. Just five months ago,

November 11, 2022 2 mins read

Japanese Regulator Orders FTX Japan To Cease Operations

Japan’s Financial Services Agency (FSA) has reportedly ordered the local branch of FTX to shut down, according to a statement issued on Thursday. The decision states that effective immediately, FTX Japan is to discontinue all operations as a cryptocurrency exchange. Including the acceptance of new customers, and will not resume

November 10, 2022 1 min read

Tether Reportedly Freezes $46M in USDT Linked to FTX

Tether reportedly froze $46 million USDT at the request of law authorities. The trusted stablecoin provider has fulfilled the request, which may have been related to the FTX exchange. Little is known about the nature or goals of the inquiry beyond the fact that it is taking place. A  Tether

November 10, 2022 1 min read