XRP’s trading value has experienced a slight boost in the past 24 hours. The report confirms that the asset has recorded a 2% surge in value reaching all the way up to $0.404066. The price of the altcoin has continued rising even after an alarming update was shared by Coinbase pertaining to XRP on their…
Even the Spanish regulator (CNMV) has become too much concerned about the FTX’s collapse and weighing on the potential risk, CNMV has warned Spanish investors to be extra careful about crypto trading. CNMV’s VP suggested that FTX was an unruly horse and therefore the collapse was inevitable. Spanish Regulator’s Concerns for Investors Comisión Nacional del…
On November 28, the officials at BlockFi made an announcement that many had expected them to make a week back. BlockFi announced that it had filed for bankruptcy citing a financial crisis. BlockFi Went Bankrupt The executives at BlockFi have confirmed that they have filed for bankruptcy. They have decided to go for Chapter 11…
Due to the recent cryptocurrency market turmoil, all major and minor firms in the crypto-verse are on high alert. They are not ready to take any risks, be it any cryptocurrency or other kind of asset. If there is a risk involved in a cryptocurrency asset of any kind, the crypto firms are taking no…
Even after so many days have passed, the FTX debacle continues to haunt the entire cryptocurrency industry. The impact of the FTX exchange’s crash has spread throughout the crypto-verse. Investors from all over the world connected directly and indirectly with the FTX exchange have been left devastated. This is something that the regulators do not…
Crypto Presales, a major crypto market data compiler has shared an alarming report pertaining to crypto ATMs. The firm has made a revelation about the reduced number of crypto ATM installations. Crypto ATMs Experience a Reduction The firm has revealed that in the year 2022 so far, a total of 6,100 ATMs for cryptocurrencies have…
As the cryptocurrency market took a huge fall due to the FTX exchange debacle, Solana (SOL) found itself facing the worst time. Its value took a significant fall and its devastation followed the FTX Token (FTT). Despite taking a huge hit due to the FTX exchange collapse, SOL has demonstrated a strong performance in the…
The largest private bank based in Latin America and Brazil, Itau Unibanco has made an announcement pertaining to its recent exploration. The banking firm has announced that it is planning to take a step further into cryptocurrency adoption. The bank is aiming to offer more services and products to clients that are crypto-related. Itau Unibanco…
It has been over two weeks since the FTX exchange collapsed and almost two weeks since it filed for bankruptcy. Just when many thought that the worst outcome passed, the data revealed by the bankrupt cryptocurrency exchange dropped yet another bomb on the crypto industry. This time, it is not known what the outcome would…
In the past 24 hours, the trading price of the FTX Token (FTT) recorded a jump, moving up to $1.564 from a low trading price. This happened because of the interest Ripple has shown in buying FTX’s assets. Brad Garlinghouse, the CEO of Ripple has hinted that they are looking into buying certain assets belonging…
In the past 24 hours, the trading price of Terra Classic (LUNC) has experienced a 2.5% dip. It is just the tip of the iceberg when we take a look at the price decline of LUNC. The 7-day price chart assessment shows that LUNC’s price has plunged almost 30%. At the time of writing, LUNC’s…
An investigation has been launched by the financial watchdog in Turkey into the collapsed crypto exchange FTX. The agency tackles all money-related crimes in the country and days after FTX filed for bankruptcy in the US, the department disclosed that it had been keeping track of the platform’s operations in Turkey. FTX investigation Ankara’s Ministry…
From the time FTX exchange was found to be involved in unprofessional activity by misleading its users, it has faced nothing but losses. The leakage of the balance sheet from the FTX exchange has resulted in the crash of the exchange. Just when the crash was reported, all the FTX users were worried about their…
A penthouse in the Bahamas that is spread across 12,000 square feet has been listed for sale for $39.9 million and is under the ownership of Sam Bankman-Fried. Reports have also disclosed that a whopping $74 million was spent by FTX Property Holdings on real estate purchases in the Oceanside district of Albany Bahamas. Real…
Glassnode, a major on-chain data analytics firm has just shared a report that involves the movement of Bitcoin, which is quite surprising. Migration Recorded for Bitcoin (BTC) Bitcoin seems to have hit a new record in terms of movements that have caused the biggest net decline on exchanges. The aggregate BTC balances have experienced a…
Elizabeth Rossiello, the chief executive and founder of AZA Finance, a payments firm based in Africa, said that her company had been incorrectly included in the Chapter 11 bankruptcy filing of the FTX crypto exchange. On November 11th, the CEO insisted that the beleaguered exchange had made a mistake because her company does not have…
It has been almost an entire week since the FTX fiasco took place. Unfortunately, the impact of the FTX crash is still being felt throughout the cryptocurrency. There does not seem to be any end to the constant market downtrend that the FTX crash has triggered. The recent crash has prompted investors to move their…
Last Thursday, the Securities Commission of the Bahamas issued an order for freezing the assets of the FTX crypto exchange. The agency announced that it had decided to freeze the assets of the embattled crypto exchange, along with those of related parties. It also disclosed that the operation registration of the company had also been…
On Friday, Bitcoin’s (BTC) trading price recorded a surge as it rebounded from a major decline. Just a few days back, Bitcoin had suffered from a major decline in value mainly triggered by the crash of FTX. From Decline to Rebound The Thursday trading session was a shocker for Bitcoin investors. They witnessed a sudden…
Very unusual activity was noticed on several wallet addresses that were linked with FTX on November 11. It was discovered that multiple addresses linked with FTX were involved in transferring crypto. The most shocking part was that the transfers were being made without any official notice. Millions Transferred Without Notice Multiple data monitoring firms reported…
The latest reports suggest that FTX, the cryptocurrency exchange that is financially troubled has brought its website back online. FTX Makes an Alarming Announcement Just as the financial crisis of the FTX exchange began, it reportedly started facing intermittent downtimes. The recent downtime lingered on for a longer period. However, as the website has come…
The officials at two major stablecoin issuers have made major announcements for the entire crypto-verse. Paxos and Circle, two major issuers of stablecoins have announced they have regulatory approval in Singapore. Paxos and Circle Gain Regulatory Approvals As per the officials from Paxos and Circle, they have now operating licenses in Singapore. The Monetary Authority…
In recent years, Polygon has tried its best to form several partnerships in order to make high-profile partners. So far, Polygon has succeeded in doing so, and now, it has a list of strong partners. The list of strong and high-profile partners includes Robinhood, Starbucks, and Disney. Polygon even went on to form a very…
Skyward Finance has reportedly suffered a major exploit that has resulted in the platform losing an estimated $3 million. Skyward is a major platform, which is prominently known for its initial DEX offering (IDO). Skyward Finance Exploited The IDO known for carrying out a fair distribution of tokens through the Near Protocol has suffered a…
Deribit, a major cryptocurrency exchange dealing in derivatives has recently halted the withdrawals feature for users. It is a highly concerning matter for the entire cryptocurrency community, especially the ones who are users of the exchange. Announcement by Deribit On November 1, the officials at Deribit made an announcement that they had halted the withdrawal…
