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FTX implosion leads to aggressive Bitcoin accumulation for investors
The recent crash of FTX has led to massive capitulation for major cryptocurrencies, with Bitcoin (BTC) trading as low as $15,682 during the last seven days.However,…
Huobi addresses concerns raised surrounding fake reserves ‘snapshot’
Huobi has addressed the concerns raised as a result of Wu Blockchain’s tweet that highlighted over 10,000 ETH being moved out of the Huobi 34 wallet.Huobi explained…
Crypto.com transferred nearly 85% of ETH reserves to Gate.io in October, CEO assures it…
The Twitter community is on fire, discussing hidden motives behind asset transfers between Crypto.com and Gate.io that took place in October.The exchange’s CEO Kris…
Crypto market sees biggest miner selling pressure since January 2021
The ongoing market slump caused by the FTX fallout hasn’t left Bitcoin miners unscathed. The market has seen the biggest one-day miner selling pressure since January…
New FTX CEO Ray announces steps taken to staunch bleeding cashflow
The general counsel of FTX US, Ryne Miller, has released a statement from John J. Ray III, Chief Restructuring Officer and now-appointed CEO of FTX related to…
Galois Capital admits over 50% of its capital was locked up in FTX
In a discussion between CoinDesk and the Galois Capital co-founder, Kevin Zho, it was explained that a total of an estimated $40 million in funds are locked up in…
FTX hacker identity discovered by Kraken Exchange team
Nick Percoco, the CSO of Kraken Exchange, tweeted just an hour ago in response to Mario Nawfal that the Kraken team now knows the identity of the user that hacked…
Silvergate Capital says FTX reflects less than 10% of its total deposits from digital…
Silvergate Capital issued a statement to inform the public of its exposure to FTX and its related entities.The provider of financial infrastructure solutions to the…
Crypto.com Preliminary Audit Unveils 20% of Assets in Shiba Inu
With the industry leaning into proof-of-reserves an interesting development has taken place. As Crypto.com’s preliminary audit has shown 20% of its assets are in…
Binance CEO expects more regulatory scrutiny following FTX implosion
Binance CEO Changpeng Zhao said his firm backed out of the FTX deal because it did not make sense and the huge financial hole they would have had to cover.Speaking…