Merchants and customers who use USDC will now be able to do so using Apple Pay. Circle has announced that crypto payments using USDC have been enabled on Apple Pay.
Summary: FTX CEO Sam Bankman-Fried tweeted apologies to FTX users and an update to the crypto community as the crypto exchange sinks deeper into a liquidity crunch and withdrawals remain paused. Withdrawal pressure mounted on the Bahamas-based exchange after Binance CEO Changpeng Zhao announced plans to unwind around $2.1 billion...
Tron founder Justin Sun is the latest to offer a solution for the FTX exchange. The crypto entrepreneur said on Twitter that a solution was being put together with FTX to initiate a path forward. He also revealed that TRX trading on FTX had resumed, with withdrawal services being worked...
Crypto market analysts continue to dissect the finances of FTX and are pointing to on-chain data to show that the exchange allegedly bailed Alameda out. Lucas Nuzzi, head of R&D at CoinMetrics, reported that he might have found evidence of FTX bailing Alameda Research out in Q2. Nuzzi showed that...
Robinhood Markets Inc.’s $HOOD has dipped 10% in the last 24 hours. The recent price dip has been attributed to the growing insolvency rumours concerning SBF-backed Alameda and the fact that FTX CEO Sam Bankman-Fried owns nearly 56 million shares of Robinhood’s HOOD stock. Robinhood’s $HOOD stocks are down 10%....
Analysts are taking note that FTX is pulling funds out from several DeFi protocols and exchanges, causing some volatility in the space. The conclusion some analysts are drawing is that FTX might be having trouble with its reserves. They speculate that the withdrawals are being used to honor FTX withdrawals....
USD Coin issuer Circle has announced that its recently launched Euro-backed stablecoin Euro Coin will available on Solana. The company published a press release on November 6, stating that the Euro Coin would arrive on the Solana network in early 2023. The press release highlighted that native support of Euro...
Summary: Sam Bankman-Fried tweeted on Monday to assure FTX users that their funds and the crypto exchange remain out of immediate financial constraints following Binance boss Changpeng Zhao’s announcement about FTT. CZ’s tweet revealing Binance’s decision to exit the FTX utility token dubbed FTT has seemingly stirred a hornet’s nest,...
Summary: Yesterday, Binance CEO Changpeng Zhao revealed that the exchange intends to liquidate its FTT holdings. Putting the solvency of FTX in doubt, sellers have rampaged the FTT market in the last 24 hours. Daily trading volume was at a six-month high without a corresponding price growth. Following Binance CEO...
