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” Crypto.com commits to proof-of-reserves after halting certain deposits and withdrawals “ Kris Marszalek, CEO of cryptocurrency exchange Crypto.com has become the latest crypto company promising to publish “audited proof of reserves,” amid the downfall of rival exchange FTX. “We share the belief that it should be necessary for crypto platforms to publicly share proof…
” Solana TVL drops 32.4% as FTX turmoil rocks ecosystem “ The total value locked (TVL) on the Solana chain has plummeted 32.4% in the last 24 hours, as news stemming from the collapse of FTX has sent waves through the crypto ecosystem. According to DefiLlama, at the time of writing, Solana’s TVL has fallen…
” Bitcoin price hits multi-year low at $15.6K, analysts expect further downside “ Investor sentiment in the crypto market is floundering after Binance decided to nix its agreement with FTX to purchase the distressed cryptocurrency exchange. The events have sent Bitcoin to a new yearly low, while other altcoins have also taken a sharp downturn. …
” OKX, Kucoin say proof of reserves will be ready in a month “ In the wake of the FTX liquidity crisis, two major crypto exchanges have announced that they will provide Proof of Reserves, also known as Proof of Funds (PoF) within the next month. In an official tweet, OKX stated “We’re hiring Armanino…
” Singapore’s Temasek engages with FTX in liquidity crisis “ Singapore’s state-owned investment firm Temasek, a shareholder at FTX, is reportedly engaging with the cryptocurrency exchange in the liquidity crisis that led to its unexpected (and still pending) bail out on Nov 8. In comments to Reuters, the sovereign wealth fund said it was “aware…
” Alameda Research FTT token transfer from September fuels wild speculations “ The rumors about the possible liquidity crisis for the world’s third-largest crypto exchange turned out to be true. Just a day after assuring funds are fine, and they have the assets to back customer’s funds, FTX CEO Sam Bankman-Fried (SBF) announced on Tuesday…
” Binance tops up SAFU fund at $1 billion amid price fluctuations “ As the liquidity crisis and acquisition of cryptocurrency exchange FTX continues, Binance CEO Changpeng “CZ” Zhao assured his community of insurance of sufficient funds backing the network. In a tweet on Nov. 9, CZ said that the exchange has once again topped…
” FTX founder Sam Bankman-Fried removes ‘assets are fine’ flood from Twitter “ Sam Bankman-Fried, founder and CEO of the troubled cryptocurrency exchange FTX, appears to have retracted his words about the safety of client holdings on FTX. Bankman-Fried has deleted a Twitter thread where he tried to assure customers that FTX and the assets…
” Bitcoin price dips under $17.6K June low as FTX nerves liquidate nearly $1B “ Bitcoin (BTC) liquidated $200 million of long positions on Nov. 8 as BTC price briefly tumbled to two-year lows. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price sets new two-year low Data from Cointelegraph Markets Pro and TradingView revealed carnage…
” SBF tumbles off Bloomberg’s billionaire index after trouble at FTX “ Crypto billionaire Sam Bankman-Fried may not be able to claim the “billionaire” accolade anymore after an estimated 94% plummet in his personal wealth overnight, according to the Bloomberg Billionaires Index. Bankman-Fried was once a high rider in Bloomberg’s wealth index with an estimated…