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 ...
FTX founder Sam Bankman-Fried quietly cashed out $300 million in personal stakes in the midst of a $420 million fundraise in October 2021, the Wall Street Journal reported. Bankman-Fried told investors at the time the raise would be used for things like helping grow FTX and working more with regulat...
Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding The sudden collapse of FTX and Alameda has sent shockwaves throughout crypto, imparting signi...
Sen. Ted Cruz said that Binance showed "at minimum ill intent" regarding the offer it made and quickly took back to buy FTX last week. Noting the speed of Binance's public offer to buy its troubled rival, then rapid withdrawal, Cruz told The Block, "All of that suggests at a minimum ill intent. And ...
The Securities and Exchange Commission has started administrative proceedings against American CryptoFed, a Wyoming-based decentralized autonomous organization (DAO), to weigh a stop order to suspend the registration of the offer and sale of its Ducat and Locke tokens. The SEC said a Form S-1 regist...
Crypto prime broker FalconX will no longer use the Silvergate Exchange Network (SEN), according to an email sent by FalconX to clients and obtained by The Block. “Out of an abundance of caution for our customers, we will not be using Silvergate SEN and wires, effective immediately and until further ...
NFT protocol Metaplex laid off staff due to to the "indirect impact" of the collapse of crypto exchange FTX. While the company said its treasury was not directly impacted and that its fundamentals remain strong, it will take a more conservative approach moving forward, CEO and co-founder Stephen Hes...

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