Tag: FTX

Crypto Giant Coinbase Not Interested In Buying FTX U.S, COIN Stock Plunges

boss

The crypto market became red with massive losses on Tuesday. Some analysts speculated that the selling pressure on Bitcoin and Ethereum from FTX’s attempt to raise liquidity against impending insolvency caused this cascade of losses. Some analytics data revealed that FTX liquidated its ETH holdings, which placed selling pressure on Ethereum and extended a sell-off to Bitcoin. However, despite FTX’s actions in the market to withstand the tanking of its token FTT, the asset didn’t recover. As of November 7, FTT was down by 19% and has dropped further by…

What EU Merger Regulators Have in Store for Binance’s FTX Buy

“Agencies usually impose remedies when fewer competitors are left, and when markets are not as dynamic, but antitrust agencies also need to show teeth in what they consider to be a space where consumers need their protection,” Schrepel, an associate professor at Amsterdam University said, adding that the review would set a crucial precedent about whether the world of crypto is a single market, or is comprised of several different ones. Source

FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves – Bitcoin News

boss

On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has slid under $900 billion for the first time since January 2021. The Binance and FTX news has come as a shock to a lot of people, and FTX’s financial troubles caused a number of executives from well known crypto trading platforms to discuss a concept called proof-of-reserves. FTX Frontman Falls From Crypto Savior Status to Needing an Emergency Lifeline People…

Singapore State Investor Temasek Engaging With FTX For Bailout

boss

There could be a surprising twist in the drama surrounding Sam Bankman-Fried’s insolvent crypto exchange FTX. As reported by The Straits Times, a possible government takeover by Singaporean state investor Temasek could be on the table. The group is one of FTX’s many investors. FTX’s other investors include BlackRock, Sequoia Capital, Circle, Ontario Teachers’ Pension Plan, Paradigm, Tiger Global, SoftBank, , Ribbit Capital, Alan Howard, Multicoin Capital and VanEck. Meanwhile, 3rd largest investor in @FTX_Official for @Temasek. HFSP! pic.twitter.com/sVjyOJZ99v — Phryics.eth (@Phryics) November 9, 2022 Is Temasek Going To Bail…

BTC at 2-Year Low, ETH Down 20% as FTX Turmoil Leads to Crypto Bloodbath – Market Updates Bitcoin News

boss

Bitcoin plunged to a two-year low on Wednesday, as the FTX token sell-off continued to weigh on cryptocurrency markets. After an initial 30% slide, FTX token fell by as much as 80%, as Binance confirmed its intention to absorb the failing exchange. Ethereum was also lower, dropping below $1,200. Bitcoin Bitcoin (BTC) fell to its lowest level in two years on Wednesday, as markets continued to react to the volatility caused by the FTX/Binance affair. The world’s largest cryptocurrency plunged to a low of $17,402.55 earlier in today’s session, less…

Coinbase CEO Brian Armstrong Says Crypto Exchange Has Zero Material Exposure to FTX or FTT

boss

The chief executive of Coinbase is making it crystal clear to stakeholders that the top US-based crypto exchange has no investments in its troubled competitor FTX. Brian Armstrong tells his 1.1 million Twitter followers that Coinbase has zero “material exposure” to crypto derivatives exchange FTX, its native FTX Token (FTT) or its sister company Alameda Research. Armstrong’s statements come amid the abrupt collapse of the embattled crypto exchange FTX. Its native asset FTT is also in the midst of a total meltdown, plunging nearly 75% in the last 24 hours.…

Crypto Finance Firm Galaxy Digital Reveals $76.8M Exposure Linked to FTX

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Which Coins Will FTX And Alameda Dump? Red Flag for Solana

boss

Following the FTT token, Solana (SOL) in particular is currently suffering a massive price slump. As a report revealed last week, the SOL token is one of the major assets on FTX’s balance sheet. If Binance pulls out of the FTX deal, it could mean a massive sell-off in SOL. Amid concerns about this scenario, the market already seems to be front-running. Over the past 24 hours, Solana (SOL) is down 36% and has slipped out of the top 10 by market capitalization. At press time, the SOL price recovered…