FTX collapse led to the winding down of cryptocurrency trading and custody services once again in 2022 crypto history. As the crypto market recovers with the start of 2023, Today the global cryptocurrency market turned to bullish price momentum. Also, the market cap of all cryptos increased to $889 billion.
Bankruptcy cryptocurrency lender Voyager Digital filed a motion in a US court in response to the opposition to the Binance.US plan to pay off its debt. Two legal files published late Sunday that it called the Alameda objections “hypocrisy and chutzpah”. Also, Voyager Digital claimed in one document the objections
Despite the recovery in the cryptocurrency markets following the demise of the FTX exchange, the situation with Binance withdrawals has not yet normalized. According to a recent report from Forbes, Binance has lost $12 billion in assets as a result of users continuing to withdraw money from the exchange. Binance,
Huobi Global, Justin Sun’s cryptocurrency exchange, has been said to be having financial difficulties and is facing a number of obstacles. As a momentous turn of events, Huobi’s branch in South Korea, Huobi Korea, reportedly opted to split out from the parent company. Furthermore, Huobi Korea reportedly wants to go
TORONTO–(BUSINESS WIRE)–$ETHC–Ether Capital Corporation (“Ether Capital” or “the Company”) wishes to disclose information to the market regarding its non-core portfolio company, Wyre, Inc. (“Wyre”). Wyre, a U.S.-based cryptocurrency infrastructure provider, has encountered financial headwinds following the collapse of cryptocurrency exchange FTX and failed acquisition by Bolt, which was terminated in
Solana seemed to have the best first week of any top-twenty coin this year. SOL has recovered remarkably after falling more than 41% in the wake of the FTX debacle. Solana was formerly a favorite of Sam Bankman-Fried and was reportedly dubbed an “Ethereum killer.” The current SOL price is
The Ferrari racing division, known as Scuderia Ferrari, has severed ties with its cryptocurrency sponsor, joining a growing number of Formula One racing teams doing so. Ferrari lost $55 million after terminating its multi-year collaboration arrangements with Velas Blockchain and chip manufacturing giant Snapdragon in preparation for the 2023 season.
Moody’s downgrade and Ark Invest selling off of Silvergate Bank’s shares indicate deteriorating conditions at the financial institution. There was a run on the bank and it has been linked to the FTX crash. Ark Invest, Cathie Wood’s investment vehicle, reportedly sold more than 400,000 shares of parent firm Silvergate
With the help of a $3 million grant, DeLabs, the company behind the popular Solana NFT collections DeGods and y00ts, migrated y00ts to the Ethereum sidechain Polygon. Frank (aka Rohun Vora), the company’s founder, said in a Discord post that the money will be used for recruiting and the establishment
CoinSwitch, a cryptocurrency trading platform, has released its proof of reserves, revealing that the total value of user assets held as of January 6, 2023, is approximately $131.096 million, or 1,083.45 crores. Amounts held in the wallets indicated total about $112.99 million, or 933.83 crores. Reveals $131.09 Million in Assets
