The FTX-Alameda debacle has finally reached its conclusion, with Binance announcing that the exchange has successfully purchased SBF-backed FTX. However, FTX’s native token, FTT, has taken a direct hit amid such developments and has tanked 75% at the time of writing. With FTX out of the picture, Coinbase has now...
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....
The price of Solana has taken a direct hit amid the ongoing Binance-FTX spat. Solana Drops 14% As Founders of FTX and Binance Continue To Engage In A Heated Spat The price of Solana fell sharply on November 8, dropping 14% from its usual high due to the ongoing spat...
Luxury watchmaker brand Rolex is now joining the growing NFT metaverse bandwagon by filing for trademarks related to cryptocurrencies, NFTs, and the Metaverse. Rolex Set To Explore NFTs And The Metaverse Michael Kondoudis, a leading trademark and patent attorney, took to Twitter to reveal new details concerning Rolex, the prestigious...
Summary: U.S. prosecutors seized over 50,000 Bitcoin (BTC) from a defendant in connection to the Silk Road, a dark web marketplace created by Ross William Ulbricht in 2011. Monday’s official statement from the U.S. Justice Department said authorities discovered around 50,676 BTC on November 9, 2021, after searching the Georgia...
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,...
