Business Financial News
12.11 / 07:15
business
cryptocurrency
At least $1 billion of client funds missing at failed crypto firm FTX : Report
At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter.
12.11 / 01:43
business
Blockchain
Technology
FTX
events
Genesis receives additional equity infusion of $140M following recent market events
Genesis trading announced on Nov. 10 that it will receive an additional equity infusion of $140 million from its parent company, Digital Currency Group. According to the company, this decision was made to “strengthen its balance sheet” and boost its “position as a global leader in crypto capital markets.”
12.11 / 00:57
business
FTX
Bankruptcy
'Need to update my LinkedIn' — FTX Ventures head resigns: Report
Amy Wu, an investor in FTX and the head of the firm’s venture capital arm, FTX Ventures, has reportedly resigned her position.
12.11 / 00:57
business
Blockchain
Trading
FTX
Suspends
Withdrawals
FTX US suspends withdrawals, according to on-chain data
Following an announcement made 24 hours ago that FTX US may halt trading on its platform, on-chain data reveals that the platform paused withdrawals from the United States-based platform on Nov. 11.
12.11 / 00:03
11.11 / 19:47
business
Binance
FTX
Crypto Biz: Crypto’s day of reckoning has arrived
Who would’ve thought that the implosion of Terra, the collapse of Three Arrows Capital and the bankruptcies of Celsius and Voyager wouldn’t be the most terrible crypto stories of 2022? In retrospect, crypto’s day of reckoning — and the new low for the cycle — hadn’t arrived even after all these tumultuous events.
11.11 / 18:47
business
FTX
Bankruptcy
FTX, FTX US and Alameda will file for Chapter 11 bankruptcy in US; SBF resigns
Within a week, crypto exchange FTX has gone from proposing an acquisition by Binance to sort out its liquidity issues to proceeding with filing for bankruptcy under Chapter 11 in the District of Delaware.
11.11 / 17:21
business
regulation
FTX
exchanges
Bitcoin Price
FTX collapse: The crypto industry’s Lehman Brothers moment
The world’s third-largest cryptocurrency exchange, FTX, started the year with a $400 million Series C funding round, taking its valuation to over $32 billion. Ten months later, the crypto exchange is staring down the possibility of bankruptcy after its bid to be acquired by Binance failed.
11.11 / 17:21
markets
business
FTX
Bankruptcy
Terra Luna
Warning
FTX ex-exec floats 'cool token' idea amid warning rebound may take years
Bitcoin (BTC) and cryptocurrency may “take years to recover” from the FTX scandal, one industry analyst warns.
11.11 / 17:21
business
NFT
FTX
Customers
FTX customers attempt roundabout ways to withdraw their funds in Bahamas
As the FTX crisis continues its outpour, users of the platform try various ways to bypass the official process of withdrawing their funds from the collapsing exchange.
11.11 / 16:33
business
Blockchain
Polygon
community
‘Hang in there’ — Crypto Twitter encourages Solana community amid FTX onslaught
With Solana (SOL) being heavily affected by the FTX debacle, Crypto Twitter expressed sympathy and hopes that its community can make a comeback.
11.11 / 12:57
11.11 / 11:57
business
regulation
ftx crypto exchange
California regulators to investigate FTX crypto exchange collapse
The Department of Financial Protection and Innovation (DFPI) in the state of California announced on Nov. 10 that it will open up an investigation as to the “apparent failure” of the cryptocurrency exchange FTX.
11.11 / 09:33
business
Blockchain
CFTC
Congress
Senators
US senators commit to advancing crypto bill despite FTX collapse
United States senators Debbie Stabenow and John Boozman have doubled down on their commitment to publishing a final version of the Digital Commodities Consumer Protection Act 2022 (DCCPA) in the wake of FTX’s shocking collapse.
11.11 / 08:35
11.11 / 07:39
business
Blockchain
FTX
TRON
Premium
Tron-based tokens sell at 1200% premium as FTX users scramble to withdraw
Tron-based tokens such as JUST (JST) have surged as much as 1000% on FTX, as users scramble to find ways of extracting locked-up liquidity from the beleaguered exchange.
11.11 / 06:03
business
Blockchain
Binance
Cathie Wood's ARK adds $12.1M in Coinbase shares amid turbulent markets
Amid the FTX and crypto market chaos, Cathie Wood-led Ark Investments has increased its Coinbase (COIN) holdings with a purchase of 237,675 COIN shares worth about $12.1 million on Nov. 9.
11.11 / 06:03
business
FTX
Withdrawals
BlockFi limits platform activity, including a halt on client withdrawals
Crypto lender BlockFi has halted client withdrawals on its platform as part of a broader limit to activity in the wake of FTX’s collapse.
11.11 / 04:29
business
Tether
coinbase
Kraken
Genesis Trading
Genesis Trading reveals $175M of funds are locked in FTX
In what it hails as an effort to be transparent, Digital Currency Group’s market maker and lending subsidiary, Genesis Trading, revealed that its derivatives business has around $175 million worth of funds locked away in an FTX trading account.
11.11 / 03:15
business
regulation
FTX
Breaking: Bahamas securities regulator freezes FTX assets
The Bahamas Securities Commission (BSC) has frozen the assets of FTX Digital Markets (FDM) and "related parties" on Nov. 10, it also suspended FTX's registration in the country and the Bahamian Supreme Court appointed a provisional liquidator, the BSC said in a statement shared by local media.
11.11 / 01:31
business
Binance
Liquidity
SoftBank
FTX crisis feeds the Twitter rumor mill with hot takes and conspiracy theories
Events are unfolding fast as the cryptocurrency market is rocked again, this time by FTX. Facts and non-facts are hard to sort out under these conditions, especially since both seem to be depegged from believability at times. “Where’s the money?” and “Who’s to blame?” are popular talking points. Some of the information appearing is indisputably false, or at least highly speculative.
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