Tue, November 19

Search Results for: ftx

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

‘Metaplex’ Solana NFT Protocol Maker Lays Off Employees

A wave of layoffs at Metaplex, a Solana NFT protocol maker, was revealed on Thursday as the Web3 ecosystem continues to be affected by the outbreak brought on by the collapse of the cryptocurrency exchange FTX last week. Stephen Hess, co-founder, and CEO of Metaplex said today through Twitter that

November 18, 2022 2 mins 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

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

Crypto Market Maker B2C2 Offers Purchasing Loans From Genesis

After Genesis, a troubled crypto lending service halted client withdrawals on Wednesday, prominent cryptocurrency market maker B2C2 decided to help. Max Boonen, the founder of B2C2, tweeted minutes after the trading firm’s statement, “B2C2Group wishes to extend an offer to purchase loans from Genesis Trading’s book to alleviate the current

November 17, 2022 1 min read

Luna Foundation Guard (LFG) Releases Third-party Audit Report

In order to give complete transparency regarding assets and attempts to repeg TerraUSD (UST), the nonprofit organization Luna Foundation Guard (LFG) that manages the UST algorithmic stablecoin issued a technical audit. LFG seeks to address all claims involving misused money, insiders, holdings cash in other wallets, and monies blocked. A

November 17, 2022 2 mins read

El Salvador to Purchase One BTC Everyday – Entire Crypto Space Is Shocked!

The entire crypto industry is worrying for the ongoing crypto winter and the crash of the market. Investors community and users are suffering a lot for investing their savings in digital assets. As a matter of fact, Bitcoin is the top leading cryptocurrency which is emerging as legal tender in

November 17, 2022 2 mins read

Tether Admits To Have Zero Exposure To Genesis Global

In reaction to the news that exchange withdrawals were being frozen, Tether released a brief statement on November 16 stating that it has no risk to interest-bearing Gemini Earn. Or the institutional crypto lender Genesis Global. USDT was hoping to set itself apart from other crypto organizations that were experiencing

November 17, 2022 2 mins read