The crypto market has experienced a liquidity dry up in the wake of the collapse of crypto exchange FTX and its sister trading firm Alameda Research, according to data provider Kaiko.  The firms, both founded by disgraced former billionaire Sam Bankman-Fried, were key market participants until they ...
Genesis is having a hard time raising cash for its lending unit, and it is warning potential investors it could possibly file for bankruptcy if it is unable to do so, Bloomberg reported, citing people with knowledge of the matter. The firm has faced a liquidity crunch since FTX’s bankruptcy filing ...
Djed, Cardano's first decentralized stablecoin, will go live on the main network in January. Developers announced the move at the Cardano Summit event in Lausanne, Switzerland. Djed is a decentralized stablecoin soft-pegged to the U.S. dollar that will exist on Cardano’s Layer 1 blockchain. Backed ...
Bitcoin miner Iris Energy has unplugged a large majority of its miners in response to a default notice on about $107.8 million in loans they were securing. However, the company said that its data center capacity and development pipeline will be "unaffected" by the move, in a U.S. Securities and Exch...
Delhi, India, 21st November, 2022, ChainwireTuition Coin aims to enhance the appeal of the Cardano ecosystem through its Teach to Earn nature. The venture will streamline participation in educational technology, benefiting students and teachers alike.  Tuition Coin is created by the Crystal Cha...
Singapore, Singapore, 21st November, 2022, ChainwireKlaytn Foundation, the non-profit overseeing growth of the Klaytn ecosystem, has announced the inaugural winners of Klaymakers22, the blockchain's flagship web3 hackathon. 19 teams walked away with over US$1 million worth in prizes, sponsor bounty ...
Last week, Bitcoin covered an 8% range before closing the week near $16,250 - about 0.3% lower than the week's opening price. The altcoin marketcap dropped with Bitcoin, falling from $515 billion to $505 billion. Keep an eye on these three coins with upcoming events as bulls fight to reclaim the summer's range low. F...
Embattled cryptocurrency exchange FTX owes more than $3 billion to its top 50 creditors. A filing from its Chapter 11 bankruptcy protection proceedings on Saturday revealed the amount owed the unidentified creditors, with the biggest being slightly more than $225 million. According to the filing, it...
After consecutive days of swapping cryptocurrencies drained from FTX for ether, the so-called "FTX Accounts Drainer" is now swapping its ether stack for bitcoin — and putting downward pressure on the price of ether in the process. Earlier Sunday, the exploiter swapped about 5,000 ether for 347 renBT...
FTX has begun a review of its global assets as part of the crypto exchange’s Chapter 11 bankruptcy protection proceedings with New York-based financial services firm Perella Weinberg Partners L.P. (PWP) engaged as its lead investment bank. The PWP engagement is subject to approval by the court, FTX ...

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