Business Financial News

14.11 / 13:13

business RBI Centre Crypto Meltdown: Cautious Approach By Centre, RBI Helps India Steer Away

Industry estimates put exposure of Indian investors to crypto assets at only 3 per cent.

14.11 / 12:21

business Binance Liquidity FTX recovery Binance creates industry recovery fund to help projects struggling with liquidity

As the effects of the FTX crisis continue to affect the markets negatively, crypto exchange Binance is creating a fund to help potentially strong projects that are having liquidity issues.

14.11 / 09:41

business Twitter Bitcoin AAX reiterates withdrawal halt is unrelated to FTX contagion

Hong Kong-based crypto exchange AAX has reiterated that its suspension of withdrawals on the platform has nothing to do with the ongoing fallout from FTX's collapse and rumors to the contrary are false.

14.11 / 09:41

business Blockchain Adoption Congress lawmaker US lawmaker blames 'billionaire crypto bros' for delayed legislation

United States congressman Brad Sherman, a known crypto skeptic, has pointed the finger at “billionaire crypto bros” for slowing down much-needed cryptocurrency regulation.

14.11 / 07:19

business Blockchain Adoption Binance CZ and Saylor urge for crypto self-custody amid increasing uncertainty

Industry heavyweights have urged crypto investors and traders to self-custody their crypto assets amid the significant market uncertainty brought on by the collapse of FTX.

14.11 / 07:19

markets business Blockchain Customers Payments company Curve bids for BlockFi's 87,000 credit card customers

Payments company Curve is in active discussions to acquire crypto lender BlockFi's more than 87,000 credit card customers — whose credit cards have been suspended since Nov. 11.

14.11 / 07:19

business Law Funding Kraken Crypto exchange Kraken freezes accounts related to FTX and Alameda

United-States-based cryptocurrency exchange Kraken has frozen the accounts associated with “FTX Group, Alameda Research, and their executives,” on its exchange after engaging with authorities.

14.11 / 01:51

business FTX Auction CrossTower revises new offer for Voyager's assets after FTX's bankruptcy

Crypto exchange CrossTower is working on a revised offer for the assets of bankrupt crypto lender Voyager Digital, a spokesperson told Cointelegraph. Voyager announced the reopening of its bidding process after FTX US, the original winner in the bid, filed for bankruptcy in the United States on Nov. 11.

13.11 / 12:27

business Adoption Binance Vitalik Buterin calls out FTX for virtue signaling: 'deserves what its getting'

The sudden fall of FTX revealed the need for fresh reforms aimed at protecting investor funds against manipulation and misdirections. The co-founder of Ethereum, Vitalik Buterin, believes what FTX did was a bigger fraud when compared to the infamous Mt. Gox and Terra (LUNA) collapses.

13.11 / 11:25

business cryptocurrency Binance FTX Binance halts FTT deposits, CEO says

Cryptocurrency exchange Binance has stopped accepting deposits of FTX's FTT token on its platform, its chief executive Changpeng Zhao said on Sunday, urging other rival exchanges to do the same.

13.11 / 10:19

business regulation transactions community Huobi and Gate.io under fire for allegedly sharing snapshots using loaned funds

To counter the rising mistrust among crypto investors following the FTX collapse, crypto exchanges unanimously decided to share proof of reserve with the public as a way to showcase legitimacy. However, certain anomalies found during on-chain investigations suggest foul play and market manipulation.

13.11 / 08:09

business Ethereum transactions Crypto.com accidentally sends 320k ETH to Gate.io, recovers funds days after

The fall of FTX highlighted the importance of proof of reserves in averting risks and improving investor confidence, urging leading crypto exchanges to publicly list down their cold and hot wallet addresses. When trying to confirm the availability of funds on Crypto.com, cold store information revealed a suspicious transfer of 320,000 Ether (ETH) to a wallet address linked to Gate.io on Oct. 21, 2022.

13.11 / 04:49

business FTX reports Suspends user data Plaid suspends FTX.US access to user data after 'concerning' reports

Plaid is a fintech company that facilitates communication between financial services apps and users’ banks and credit card providers.

12.11 / 23:47

markets business economy economics 5 reasons 2023 will be a tough year for global markets

Those who come bearing warnings are rarely popular. Cassandra didn’t do herself any favors when she told her fellow Trojans to beware of the Greeks and their wooden horse. But, with financial markets facing unprecedented turbulence, it’s important to take a hard look at economic realities.

12.11 / 21:25

business FTX South America Bankruptcy Fried Sam Sam Bankman-Fried denies rumors that he fled to Argentina

FTX founder Sam Bankman-Fried has denied speculation that he’s fled to Argentina as the saga surrounding his collapsed cryptocurrency exchange continued to unfold in near-real time on Twitter.

12.11 / 20:41

business hacks FTX Bankruptcy FTX reportedly hacked as officials flag abnormal wallet activity

Collapsed cryptocurrency exchange FTX reportedly faced a series of unauthorized transactions over the weekend, prompting several warnings from users and analysts against interacting with its mobile app or website.

12.11 / 14:47

business Binance Investments investigation Binance CEO CZ on FTX crash: “We’ve been set back a few years”

Crypto exchange FTX joined many other fallen projects — including Terra (LUNA), 3AC, Celsius and Voyager — in filing for bankruptcy in 2022. Owing to the devastation caused by multi-billion dollar losses suffered by businesses and investors, the man running the biggest crypto exchange, Binance CEO Changpeng “CZ” Zhao, envisions an era of greater regulatory scrutiny in the near future.

12.11 / 12:03

business Hackers Tether Tether blacklists $31.4M USDT following FTX's alleged hack, Musk reacts

On the night of Nov. 11, several wallet addresses linked to FTX were found transferring millions of dollars worth of cryptocurrencies without an official notice — sparking speculations ranging from the commencement of FTX’s bankruptcy proceedings to the involvement of hackers. Within hours, FTX confirmed on Telegram that the fund transfers were part of an ongoing hack.

12.11 / 10:23

business Blockchain Investments Bitfinex reserves Bitfinex CTO releases proof of reserves amid FTX bankruptcy fiasco

The fall of major crypto ecosystems — such as FTX and Terra (LUNA) — this year highlighted the importance of transparency around the true reserves held by crypto exchanges and businesses. Amid the ongoing fear, uncertainty and doubt (FUD) across the crypto space, crypto exchange Bitfinex revealed its proof of reserves to the general public.

12.11 / 10:19

business cryptocurrency FTX Further details emerge on FTX bankruptcy and missing funds

Further details on the bankruptcy of crypto exchange FTX emerged on Saturday, even as peers and partners distanced themselves from the firm and sources told Reuters at least a billion dollars of customer funds on the exchange had vanished.

12.11 / 08:51

business regulation Tether Bankruptcy Threat FTX funds on the move: bankruptcy proceedings, insider threat or a hack?

The recent tensions between the two major crypto exchanges FTX and Binance, which was accompanied by a massive selloff of FTX Token (FTT), resulted in the collapse of roughly 130 companies linked to FTX Group — including FTX Trading, FTX US, West Realm Shires Services, and Alameda Research.

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