Celsius reported being exposed to FTX. On November 11, the business tweeted that it has FTX contracts locked up for 3.5 million SRM ($1.3 million). It also disclosed that the FTT token was collateral for $13 million in loans to Alameda Research that were not adequately backed. Celsius also said
Dogecoin (DOGE) had a little price increase when Tesla CEO Elon Musk mentioned it. In an interesting twist, the new Twitter boss declared “Dogecoin (DOGE) To The Moon” at his Twitter space on Saturday. Musk made the remarks in a Twitter space created by Mario Nawfal, the Founder of the
At least $1 billion in customer deposits have reportedly vanished from the defunct cryptocurrency exchange FTX, according to a report by the news agency Reuters. Two former high-ranking FTX employees who talked with Reuters have revealed some interesting details about the company. The sources informed that FTX founder and ex-CEO
The demise of the FTX exchange is a big setback for the crypto industry. This fall may continue throughout the foreseeable future, experts say. On the other hand, a prominent Hedge fund has apparently revealed that a significant portion of its money is still trapped on the bankrupt FTX platform.
It has been announced by the Indonesian government that it plans to give the Financial Services Authority (OJK) responsibility for regulating, supervising, and overseeing the country’s expanding cryptocurrency investment market. Currently, market regulation is under the purview of the Ministry of Trade and the Commodity Futures Trading Regulatory Agency. As
On Thursday, experts at JPMorgan Chase, headed by global market strategist Nikolaos Panigirtzoglou, released their assessment of the FTX scenario and bitcoin price forecast. The researchers elaborated on the decline in the number of strong competitors in the crypto market. The analyst stated: “What makes this new phase of crypto
Transparency about the actual deposits held by crypto exchanges and companies is especially important in light of the failure of significant crypto ecosystems this year, such as FTX and Terra LUNA. Bitfinex, a cryptocurrency exchange, just made public their proof of reserves amidst widespread FUD in the crypto sector. In
Aptos, a layer 1 blockchain infrastructure company, has partnered with Google Cloud to power some of its validator nodes. Aptos co-founder and CEO Mo Shaikh spoke alongside Simon Baksys, the go-to-market, and business development lead for Google’s Web3 division, on a panel at TOKEN2049 London about the partnership. Aptos and
One of the world’s best soccer talents and a current member of the Paris Saint-Germain soccer club, Lionel Messi, has joined the ranks of the NFT card trading game Sorare as an investor and brand ambassador. The goal of the player’s presence is to increase awareness of Sorare and boost
The FTX cryptocurrency exchange is seeing millions of funds disappear from user wallets. Nearly $600 million in unusual transactions were recorded in only a few hours, with some withdrawals including a shift from Tether to DAI. Moreover, the drainer is allegedly withdrawing StETH Solana, BNB, LINK, AVAX, MATIC, and other
