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Bitcoin options data shows sub-$17K BTC price gives bears a $200M payday on Friday

November 10, 2022 by

BTC bears are set to profit from this week’s $710 million options expiry, which could be used to add further sell pressure to Bitcoin price.

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New tool mirrors Optimism NFTs to Ethereum mainnet for use in verified apps

November 10, 2022 by

NFTs from Layer 2 were not previously recognizable to apps like Twitter.

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LayerZero Labs bought back its stake from FTX Ventures and Alameda

November 10, 2022 by

The protocol announced an agreement to buy out 100% of FTX Ventures’s and Alameda Research’s equity position.

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FTX US resigns from the Crypto Council for Innovation

November 10, 2022 by

“The news this week has been shocking, but we’ve also seen the community come together,” said CCI CEO Sheila Warren.

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82% of Tether reserves held in ‘extremely liquid’ assets, according to attestation

November 10, 2022 by

The USDT issuer had total assets of $68.06 billion at the end of the third quarter, exceeding its total liabilities of $67.8 billion.

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Republican lawmaker claims SEC chair was coordinating with FTX ‘to obtain regulatory monopoly’

November 10, 2022 by

Minnesota Representative Tom Emmer did not provide any evidence to his claim Gary Gensler was “helping SBF and FTX work on legal loopholes,” but said he was looking into the matter.

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The Clearing House stands up for bank rights, opposes CBDC in comments for US Treasury

November 10, 2022 by

The payments operator responded to a Treasury inquiry related to the presidential executive order with an appeal to keep bank interests in sight when designing digital assets.

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‘Thank God’ El Salvador doesn’t have any Bitcoin on FTX, CZ clarifies

November 10, 2022 by

The Binance CEO added that the amount of misinformation going around now is “insane.”

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US lawmaker warns of ‘major consequences’ for users of unregulated crypto firms, citing FTX

November 10, 2022 by

“FTX’s FTT tokens are now worthless, and even worse, FTX.com customers are completely unable to access their funds,” said Maxine Waters.

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Breaking: FTX appears to have resumed withdrawals, blockchain data shows

November 10, 2022 by

Transactions appear to be leaving the FTX hot wallet at a rate in the single digits per minute.

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Japan’s financial regulator requests FTX Japan halt operations

November 10, 2022 by

Under the orders, FTX Japan will be required to suspend OTC derivatives transactions and related margins as well as new deposits from Nov. 10 to Dec. 9 unless the FSA steps in.

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Report: Tether freezes $46M of FTX’s USDT on Tron blockchain, setting new precedent

November 10, 2022 by

Tether has thus far only frozen USDT funds held in private wallets when requested by law enforcement.

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Bitcoin price gains $1K in minutes as CPI data deals DXY fresh 2% dip

November 10, 2022 by

Wild volatility continues for Bitcoin and altcoins as the lowest CPI readout since January pummels the dollar.

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Sam Bankman-Fried apologizes over FTX liquidity crisis: ‘I fucked up twice’

November 10, 2022 by

According to the FTX CEO, Alameda Research was also “winding down trading” but United States-based exchange FTX US “was not financially impacted” by recent events.

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Maintaining decentralization: Are custody services a threat to DeFi protocols?

November 10, 2022 by

DeFi ecosystems try to live up to crypto’s decentralized ethos, but single-token governance protocols could prove a challenge.

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Binance shares wallet addresses and activity after proof of reserve pledge

November 10, 2022 by

Days after CZ took to Twitter to announce a new proof-of-reserve system for Binance users, the site went live with public details of its wallet addresses and on-chain activity.

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Claims and rumors fuel crypto market turmoil amid FTX collapse

November 10, 2022 by

A report from Reuters claimed that FTX used some of its customer deposits to support Alameda Research.

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Analysts urge calm as Tether depegs from USD, Bitcoin loses $17K rebound

November 10, 2022 by

Tether follows TRON’s USDD stablecoin in coming unstuck amid suspicions of shorting involving FTX and Alameda Research.

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Tron’s stablecoin USDD loses dollar peg on suspected selloff by Alameda Research

November 10, 2022 by

Wallets associated with Sam Bankman-Fried’s Alameda Research could be behind the dollar de-peg, alleges Tron’s founder.

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Ledger hardware wallets hit by the FTX earthquake, CTO says

November 10, 2022 by

Some Ledger users weren’t able to process withdrawals using Ledger Live on Wednesday, according to social media reports.

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Unclear regulations drove 95% of trading activity offshore: Coinbase CEO

November 10, 2022 by

The U.S. regulators are currently investigating FTX.US, Coinbase and Binance in the wake of the collapse of the FTX global crypto exchange.

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Grayscale Bitcoin Trust closes with 41% premium lost amid FTX meltdown

November 10, 2022 by

On Nov. 9, the GBTC closed at a record discount of 41% with a one-share price standing at $8.76.

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Bitcoin miners ‘next trigger’ for BTC price crash as outflows hit multi-month highs

November 10, 2022 by

Miners face an impossible situation if prices stay this low, which could result in a sell-off accompanied by a BTC price macro low.

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OpenSea to enforce creator royalties on all collections after community outcry

November 10, 2022 by

The NFT marketplace has clarified its stance on creator royalties after receiving significant public backlash from an earlier post.

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Sequoia Capital marks down entire $214M FTX stake to zero

November 10, 2022 by

The venture capital firm assured partners it ran a rigorous due diligence assessment when it invested in FTX, finding the exchange to generate $1 billion in revenue and $250 million in operating income.

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‘Twitter will do lots of dumb things’ in the coming months: Elon Musk

November 10, 2022 by

Twitter’s new owner says they’ll be throwing a heap of new ideas at the platform over the coming months.

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Crypto.com commits to proof-of-reserves after halting certain deposits and withdrawals

November 10, 2022 by

“We share the belief that it should be necessary for crypto platforms to publicly share proof of reserves,” the Crypto.com CEO said.

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FTX and Binance’s ongoing saga: Everything that’s happened until now

November 10, 2022 by

The story between cryptocurrency exchanges Binance and FTX has quickly unfolded and caused havoc in the crypto market, here’s a breakdown of where it began and where it is now.

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SBF tells investors FTX needs $8B in emergency funding: WSJ

November 10, 2022 by

According to reports, FTX CEO Sam Bankman-Fried asked investors for emergency funding to cover an $8 billion shortfall during a Nov. 9 investors call.

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FTX website comes back online with message advising against deposits

November 10, 2022 by

Neither FTX CEO Sam Bankman-Fried nor any FTX official has provided its users with clarity as to why FTX’s website was taken down.

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