An expert review of FTX’s audited financial statements reveals a series of red flag related-party transactions that should have led to more scrutiny of the company’s operations. Source
”The analyst team sees three potential headwinds: Dampened trading activity thanks to weaker confidence in crypto, delayed regulatory clarity and the possibility that contagion leads to an even wider fallout for the industry,” analysts from Bank of America wrote. Source
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 😱ULTIMAS CRIPTONOTICIAS: – El bitcoin logra mantener los 20.000 dólares gracias a una semana alcista – El XRP de Ripple se dispara: Crecen las esperanzas de la victoria frente a la SEC – Elon Musk pausa los planes de criptobilletera en Twitter y enfrenta demandas – Las ganancias recientes de Shiba Inu en medio del criptoinvierno pueden ayudar – Coinbase perdió USD $546 millones durante el tercer trimestre de 2022 – MicroStrategy Tendría $1600 Millones de Ganancia Si Hubiera Invertido en Ethereum…
As it attempts to steer the rescue deal over the line, Zipmex applied for an extension of its moratorium in Singapore, until April 2023, according to a statement on Friday. Moratorium is a form of protection that prevents creditors from making claims. Source
A group of customers of the recently collapsed crypto exchange FTX, is organizing to take legal action against the company. The suit would be led by Ray Nasser, CEO of Arthur Mining, and will be brought by customers who had more than $100,000 on the exchange by the time of its bankruptcy. Brazilian Customers to Take Action Against FTX The recent downfall of cryptocurrency exchange FTX has created issues for customers worldwide, who are now not sure about how to proceed regarding this issue. Brazilians are no exception, and one…
The FTX debacle sparked an increase in calls for crypto self-custody this week, including Binance CEO Changpeng Zhao describing it as a “fundamental human right.” However, some warn that there are still risks involved when opting to hold your digital assets on your own. Vitalik Buterin, the co-founder of Ethereum, highlighted on Twitter that while the decentralized finance (DeFi) and self-custody ethos were popular this week, there are still risks involved. According to the Ethereum co-founder, bugs in smart contract code are some of these risks. To avoid the risks,…
Ripple has turned its attention to countries outside the U.S. due to its ongoing lawsuit with the U.S. Securities and Exchange Commission. Source
Bitcoin was closing in on the $17,000 level on Friday, as cryptocurrency markets rebounded heading into the weekend. The token moved away from a recent support point of $16,200 in today’s session, as bulls reentered the market. Ethereum also moved higher, climbing back above $1,200. Bitcoin Bitcoin (BTC) rebounded on Friday, as the token moved towards the $17,000 mark heading into the weekend. Following a low of $16,479.99 in Thursday’s session, BTC/USD raced to an intraday high of $16,947.06 earlier today. The move sees BTC move further away from its…
CryptoX – Cryptocurrency Analysis and News Portal The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 18, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original Source The post First Mover Americas: FTX's Troubles in Paradise appeared first on CryptoX. CryptoX Portal
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