According to a Reuter’s report, when Alameda Research suffered a string of losses in its operations, FTX continued to assist the company using consumer monies. The loss of a $500 million loan agreement with the now-defunct crypto lender Voyager Digital was one of the biggest. The American branch of FTX
Customers of the cryptocurrency exchange Crypto.com were informed today via an email that all deposits and withdrawals for the USDT and USDC tokens from Circle and Tether have been halted on the Solana network. Though the email said that the freeze would take place immediately, it did not specify why
Sequoia Capital, the US-based venture capital firm, has dropped its FTX investment to zero dollars. In a recent letter to investors, Sequoia Capital disclosed that the platform was writing down the entire value of its holdings in the FTX exchange. The VC platform has clarified its latest decision by citing
Following Binance’s announcement that it will acquire FTX, Coinbase CEO Brian Armstrong went to Twitter to address customers’ worries about the exchange’s impact on his company. Armstrong began by expressing his empathy for everyone affected by the present FTX issue. In a series of Twitter threads, Armstrong cleared out a
As a result of the recent announcement that Binance would acquire Sam Bankman-Fried’s FTX. The popular trading platform Robinhood has seen its share price drop by over 20% to roughly $9.74. FTX had previously purchased a 7.6% stake in Robinhood in May. Prior to the announcement of the FTX acquisition,
BaFin, Germany’s Federal Financial Supervisory Authority, has mandated that Coinbase’s German subsidiary get its house in order. BaFin, Germany’s financial regulator, has said that it has discovered irregularities in how Coinbase Germany operates. The company’s corporate structure was criticized for allegedly violating applicable regulations. Moreover, after conducting an audit, the
The attacker began transferring the stolen assets less than a week after attacking one of the top cryptocurrency derivatives exchange, Deribit. Hacker sent 1,610 Ether (ETH) worth over $2.5 million to the U.S. sanctioned crypto mixer Tornado Cash on November 5, leaving roughly 7,501 ETH remaining. Reports of a $28
The cryptocurrency trading platform BitMEX announced on Tuesday that its native BMEX coin would begin trading on November 11. Members who hold and stake BMEX tokens on the BitMEX platform will get access to discounted trading fees, staking awards, fee-free withdrawals, and other premium features. With the debut of BMEX
Liquidity in a cryptocurrency exchange is essential for fair price discovery. It further signifies confidence that the exchange commands amongst its users. MEXC has consistently performed well in this aspect. Even during the worst month in 2022, according to crypto trading volumes, MEXC has outperformed its competitors by huge margins.
Changpeng Zhao (CZ), CEO of Binance, said yesterday in a tweet that the exchange is still holding Terra Luna Classic (LUNC) in its inventory. He mentioned this while suggesting that the firm was uninterested in Alameda Research’s offer. To swap its FTT holdings over the counter at a premium price.
