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Day: November 16, 2022
ETH Lower, as Markets React to Missile Exploding in Poland – Market Updates Bitcoin News
Ethereum moved into the red on Nov. 16, as markets became nervous, following a missile accidentally exploding in Poland. Fears grew of potential escalation in the war between Russia and Ukraine, as the missile hit Poland, which is a NATO-backed country. Poland and NATO have both downplayed the strike, and have so far not accused Russia of the act. Bitcoin also fell, ending two days of gains. Bitcoin Bitcoin (BTC) was back in the red on Wednesday, as markets reacted cautiously to today’s news, which saw a war missile land…
Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse
The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022. Source
Dogecoin Holds Above 0.08; Here Is Why This Is Good For DOGE Army
DOGE’s price fails to hold amidst market turmoil as price falls back to its support zone with a range-bound movement. DOGE’s price continues to show strength after a bearish downtrend with the market’s current state, as things look uncertain for most traders and investors. DOGE’s price continues to hold $0.08 on the daily timeframes as the price aims for a bounce above the 50 Exponential Moving Average (EMA) The price of Dogecoin (DOGE) has been a standout performer for October, rallying with over 100% gains in 24 hours. Still, In…
FBI Plans To Extradite FTX SBF As Contagion Spills To Genesis?
As Daily Mail reports, FTX’s former CEO Sam Bankman-Fried could be facing extradition. After more and more shocking details about FTX, Alameda and their leaders came to light in recent days, Bankman-Fried is facing extradition by the FBI, according to the latest reports. Already on Monday, it was revealed that the U.S. Department of Justice (DOJ) has teamed up with officials from the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to investigate FTX’s business practices. Specifically, the regulators’ focus is on how FTX handled customer…
US reportedly considering Bankman-Fried extradition for questioning
In the aftermath of the FTX exchange liquidity crisis and bankruptcy, United States and Bahamian authorities are reportedly discussing the possibility of extraditing Sam Bankamn-Fried, former CEO of the company, back to the U.S. for questioning. According to a Bloomberg report citing people familiar with the matter, conversations between local law-enforcement officials, including the FBI, escalated in recent days as they investigated Bankman-Fried’s role in the downfall of the exchange Since the incident, the former FTX CEO, co-founder Gary Wang and the director of engineering Nishad Singh are known to…
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Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse – Exchanges Bitcoin News
The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United States, the department revealed it has been tracking its activities in Turkey. Turkish Financial Watchdog Sets Out to Dig Deeper Into FTX Case Turkey’s Financial Crimes Investigation Board (MASAK), a body subordinated to the Ministry of Finance in Ankara, has started an investigation into the insolvency of cryptocurrency exchange FTX, joining financial authorities in other jurisdictions to do so. “It is well…
FTX crisis could extend crypto winter to the end of 2023: Report
The FTX crisis has deterred investor confidence and created a liquidity crisis in the crypto market, which could very well extend the crypto winter until the end of 2023, according to a new report. A research report from Coinbase analyzing the fallout in the crypto ecosystem in the wake of the FTX collapse noted that the implosion of the world’s third-largest crypto exchange has created a liquidity crisis that may contribute to an extended crypto winter. Many institutional investors in FTX had their investments stuck on the platform after it…
South Korean Prosecutors Raid Terra Co-Founder's Company in UST Probe
Officials said they suspect Chai Corp. leaked customer information to Terraform Labs. Source