Tag: Report

Embattled Crypto Exchange FTX Lent Billions in Customer Assets To Fund Alameda Research: Report

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A new report claims that troubled crypto exchange platform FTX lent billions of dollars worth of its customers’ assets to fund its quantitative trading branch. According to The Wall Street Journal, FTX CEO and founder Sam Bankman-Fried told investors that Alameda Research owes FTX about $10 billion worth of customer funds. The source says that Bankman-Fried gave out loans to Alameda Research using $10 billion out of the $16 billion in customer deposits FTX had, a move the CEO described as a “poor judgment call.” Bankman-Fried, who was also the…

FTX CEO Sam Bankman-Fried Tells Investors the Troubled Exchange Needs Cash To Avoid Bankruptcy: Report

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The CEO of the cash-strapped FTX crypto exchange is reportedly warning investors that the company will collapse if it fails to get additional capital. Citing a person familiar with the matter, Bloomberg reports that FTX CEO Sam Bankman-Fried informed investors that his embattled firm may file for bankruptcy if it does not get the money needed to cover an up to $8 billion shortage. FTX reportedly needs to get at least $4 billion to remain solvent and Bankman-Fried is trying to raise funding in the form of debt, equity or…

Bitcoin Eyes $18K Following Good US Inflation Report

The crypto market and Bitcoin trend over the past few days have been entirely unexpected. The market is feeling the heat from the bears as most of the crypto assets took to the south. Moreover, the FTX crisis has increasingly brought a different contagious negative performance in the space. Bitcoin had a complicated swing as the token dropped from its critical level of $20K. The price of BTC has dipped to around $16K region. The entire situation and unfolding of events are creating more fear and doubts for most participants…

FTX Pursuing ‘Possible New Investors’ As Embattled Exchange Works With Tron’s Justin Sun: Report

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FTX founder Sam Bankman-Fried is reportedly not done looking to raise emergency capital to keep his floundering crypto exchange afloat. Bankman-Fried will focus on raising capital for the week ahead, according to an internal memo seen by reporters at Reuters. Specifically, Bankman-Fried told employees that he’s looking to make customers whole by “conducting a raise” and seeking “possible new investors.” FTX is also working with Tron (TRX) founder Justin Sun, who says a plan to “return to normalcy” is underway. Sun and Bankman-Fried teamed up to re-enable trading of TRX…

BTC, ETH Extend Declines Following FTX Saga, Markets Now Look Towards US Inflation Report – Market Updates Bitcoin News

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Cryptocurrencies continued to crash on Thursday, as market sentiment surrounding the FTX saga remained on the minds of traders. Bitcoin fell below $16,000 late on Wednesday, with prices remaining close to two-year lows today. Ethereum slipped below $1,100, with attention now focused on today’s U.S. inflation report. Bitcoin Bitcoin (BTC) continued to trade close to a two-year low on Thursday, as market sentiment remained bearish following the FTX collapse. This, in addition to today’s U.S. inflation report, led to an increased level of bearish pressure, which sent the token below…

Kim Kardashian Looks Set to Win Investor Lawsuit Over EthereumMax: Report

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Crypto Market Rout Fuels Global Exchange Volumes — Kraken, Coinbase Report Connectivity and Latency Delays – Exchanges Bitcoin News

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Amid the market carnage on Tuesday, Nov. 8, the top ten cryptocurrency exchanges have seen trade volumes soar. During the 24-hour period on Tuesday, the top five exchanges alone recorded more than $60 billion in trade volume. Out of the top ten crypto exchanges by trade volume, exchanges saw increases between 126% to 305% during the past day. While the exchange volumes soared, the trading platforms Coinbase and Kraken reported the exchanges suffered from connectivity problems. Tuesday’s Crypto Exchange Volume Jumps 183% Higher Than Last Week, Top 5 Exchanges Record…