Summary: Another crypto firm announced changes to operations due to FTX’s contagion. The lending department of Genesis Global Trading “temporarily suspended” customer withdrawals and new loan originations on Wednesday, CoinDesk reported. Interim CEO Cerar Islim delivered the update during a client call. The operational change did not affect Genesis Trading,...
Crypto lender BlockFi is reportedly preparing to file for bankruptcy after revealing a significant exposure to FTX. BlockFi is planning to lay off employees in the meantime.
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.
FTX hacker reportedly swapped around $50M of $Dai to $Ethereum in a state of “panic” according to intelligence firm Arkham. It is rumored that this hack is an inside job, with Kraken CEO Nick Percoco confirming that they know the identity of the attacker. According to security firm Hacken, the...
Alameda Research reportedly bought several tokens before their listing on FTX. The alleged insider trading is spread over 18 tokens involving $60 million.
Summary: Uniswap’s trading volumes for Ether skyrocketed to $1.21 billion, beating centralized exchange Binance. $31 billion worth of transactions happened at decentralized exchange venues over the past week. “Not your keys, not your coins” crypto participants echo as FTX’s crash unravels further. Decentralized cryptocurrency exchange Uniswap facilitated over $1.21 billion...
TLDR; Famous whistle-blower and privacy advocate Edward Snowden has taken interest on buying the BTC dip for the first time since March 2020. “There is still a lot of trouble ahead” – Snowden warns via his official Twitter account but he is starting to feel the itch to scale back...
The two crypto founders might team up to build a proof of reserve with Binance as the pilot in a move that might prop up confidence in centralized exchanges again.
Binance’s CEO CZ issues a warning directed at Crypto Exchanges Crypto.Com and Gate.IO, “Stay Away, Stay SAFU” he says. The warning comes after the recent SBF FTX and Alameda collapse, which has shaken the crypto industry. Crypto.com’s CEO confirms that the exchange of funds, approx $400M was an accident that...
Sam Bankman Fried, the son of Two Stanford professors and the ex-CEO of FTX exchange, painted himself as the Robin Hood of crypto. SBF’s motto was effective altruism, but in the end, he did not give as much as promised to charity. FTX’s philanthropic fund, FTX Future Fund, ambition was...
