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Orthogonal Credit alleged key weaknesses in Alameda’s due diligence early in 2022

November 9, 2022 by

The firm pushed Maple Finance to halt Alameda’s dedicated borrower pool earlier this year.

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Breaking: FTX’s Binance rescue deal falls apart in less than 48 hours

November 9, 2022 by

Binance cited allegations of the mishandling of consumer funds and an investigation from regulators as reasons for exiting the agreement.

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Alameda Research and FTX Ventures websites go dark

November 9, 2022 by

Pages for the quantitative trading firm and the venture capital arm have been taken offline and made private.

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Binance’s victory over FTX means more users moving away from centralized exchanges

November 9, 2022 by

Binance faces far less competition in the aftermath of FTX’s fall, but it still may not win a surge in new users.

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NFT trademark filings grow in 2022: Nifty Newsletter, Nov. 2–8

November 9, 2022 by

South Korea’s central bank has tested purchasing NFTs with their central bank digital currency (CBDC).

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Post-election roundup: Who were the pro- and anti-crypto winners and losers from the US Midterms?

November 9, 2022 by

Political newcomer and Bitcoin holder J.D. Vance will take Rob Portman’s U.S. Senate seat in Ohio, but majority control of both chambers of Congress has yet to be decided.

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Subway accepts Bitcoin, so users can get a sandwich on the Lightning Network

November 9, 2022 by

The largest franchise in the world, Subway, is testing out the Lightning Network layer-2 Bitcoin payments solution and receiving encouraging results in Berlin, Germany.

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Singapore’s Temasek engages with FTX in liquidity crisis

November 9, 2022 by

Temasek invested in a series of FTX’s round findings that led to its $32 billion valuation in January.

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Bitcoin sinks to new yearly low at $16.8K as FTX insolvency fears turn into contagion

November 9, 2022 by

BTC and altcoins continue to sell-off, hitting new yearly lows as the collapse of FTX begins to drastically impact investors across the entire crypto market.

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Nexo dodges $219M bullet just days before FTX’s solvency crisis

November 9, 2022 by

The firm withdrew its remaining balance from FTX at the 11th hour and topped weekly fund outflows from the troubled exchange.

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Galaxy Digital discloses $77M exposure to FTX, $48M likely locked in withdrawals

November 9, 2022 by

The exposure amounts represents a small fraction of the firm’s $1.5 billion in liquidity.

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In staff letter, Binance CEO embraces scrutiny from regulators amid potential FTX deal

November 9, 2022 by

“People now think we are the biggest and will attack us more,” said Changpeng Zhao in a letter updating staff on the situation with FTX.

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Bitcoin price risks $17K amid claim Binance may reject FTX takeover

November 9, 2022 by

Further losses come in step with confusion over the future of FTX under Binance, while CPI data looms on the horizon.

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L2 is crucial to Ethereum decentralization, censorship resistance, says researcher

November 9, 2022 by

Swedish researcher Eric Wall highlighted StarkNet’s influence on Ethereum’s scalability as he joins the board of the newly formed StarkNet Foundation.

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Some central banks have dropped out of the digital currency race

November 9, 2022 by

There are at least four countries that have either scrapped or halted CBDC plans so far, and each central bank has its own reasoning for not launching one.

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Fractional NFTs and what they mean for investing in real-world assets

November 9, 2022 by

Fractional NFTs enable users to divide an NFT into multiple fractions, reducing the barrier to entry for investing in real-world assets.

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MetaMask allows to move tokens on multiple blockchains with new DApp

November 9, 2022 by

Bitcoin integration is not on the immediate roadmap for blockchain bridge support via MetaMask Bridges, a MetaMask executive said.

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Blockchain intelligence firm TRM Labs raises $70M in expanded Series B round

November 9, 2022 by

Private equity firm Thoma Bravo led the expansion round, bringing the total amount raised to $130 million.

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Meta joins big tech layoffs, lets go of 11,000 employees

November 9, 2022 by

The Facebook parent company announced it will let go of approx. 13% of its current workforce in the first mass layoff in the company’s history.

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Not just FTX Token: Solana price nukes 40% along with other ‘Sam coins’

November 9, 2022 by

Cryptocurrencies exposed to Sam Bankman-Fried and his companies, Alameda Research and FTX, have dropped by an average of 40% this week.

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Ramp, builder of crypto payment rails, raises $70M

November 9, 2022 by

The company is building payment rails that could make crypto purchases as ubiquitous as Paypal transactions.

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Bitcoin and crypto here to stay despite market turmoil: Community

November 9, 2022 by

A Twitter user argued that the FTX crisis was only a black swan event that only its executives and a few others could have seen coming.

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Alameda Research FTT token transfer from September fuels wild speculations

November 9, 2022 by

According to on-chain data, FTT token supply increased by 124.3% on September 8 when 173 million FTT tokens were created by a 2019 ICO contract, and Alameda was the recipient.

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Binance tops up SAFU fund at $1 billion amid price fluctuations

November 9, 2022 by

Binance CEO CZ took to Twitter to assure users that the crypto exchange’s insurance funds have been topped off at $1 billion as the debacle with FTX rages on.

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Stefan Berger explains the reason behind the delay in MiCA voting

November 9, 2022 by

One of the reasons behind the delay is “the enormous amount of work for the lawyer linguists, given the length of the legal text.”

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FTX-Binance standoff highlights the need for clear rules, says Sen. Lummis

November 9, 2022 by

Market manipulation, lending activity, and safeguarding of customer funds and assets are some of the many issues Senator Lummis plans to address in the coming days.

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Tether, Circle and Coinbase deny having exposure to FTX and Alameda

November 9, 2022 by

Coinbase CEO Brian Armstrong said that the recent FTX and Alameda debacle was a result of risky practices such as the misuse of user funds.

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FTX founder Sam Bankman-Fried removes ‘assets are fine’ flood from Twitter

November 9, 2022 by

Sam Bankman-Fried has deleted a Twitter thread where he tried to assure customers that FTX and the assets on the platform were “fine.”

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How to pay your bills with cryptocurrency?

November 9, 2022 by

Users can pay bills with cryptocurrency directly from their crypto wallet or using a payment processor acting as an online crypto payment gateway.

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Bitcoin price dips under $17.6K June low as FTX nerves liquidate nearly $1B

November 9, 2022 by

BTC price pressure sees sellers take out existing two-year macro lows, but optimism over a relief “pump” is building.

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