Category : Cryptocoins News

Cryptocoins News

BlockFi reopens Interest Yield Product for accredited US investors

Crypto lending platform BlockFi in a press release on November 7 stated that it will reopen the BlockFi Yield, an interest-bearing digital asset account, by the end of 2022 to US accredited investors. The Beta version will be available to first selec...

Algorand (ALGO) Loses Its Gains As Majority Of Coins Plummet

Despite bagging substantial gains earlier in the trading day, Algorand (ALGO) is down over 27% as of writing. The token’s price drop follows a bearish market sentiment that sees major coins plummet on the day. The past seven days had seen the token...

Galaxy Digital discloses $77M exposure to FTX, $48M likely locked in withdrawals

The exposure amounts represents a small fraction of the firm's $1.5 billion in liquidity. In its latest quarterly earnings call on Nov. 9, blockchain financial servic...

Polygon (MATIC) Holds Its Gains While Market Turns Red

Polygon’s MATIC has struggled to keep its weekly gains despite the entire crypto market trading in the red zone. The crypto market plunged into an endless decline yesterday after FTX’s acquisition by Binance was made known. The FTX saga has shaken ma...

Crypto market maker Wintermute has funds stuck on FTX

Crypto market maker Wintermute has confirmed that it has funds stuck in the embattled crypto exchange FTX. However, the firm has said that the amount of funds held in the exchange is not much and they are within their risk tolerance. Wintermute furth...

Alameda-Backed Tokens Suffer As FTT Fights To Stay Alive

In the wake of the FTX decline, the official token of the crypto exchange, FTT Token, has suffered a massive blow in the market. In the three days since Binance’s announced its intention to sell off its FTT, the token has recorded double-digit losses...

Crypto Market Cap Slumps Below $900B for the First Time Since Jan 2021

The downfall of FTX has stirred a slump in the combined crypto market cap below $900B (Read More)

In staff letter, Binance CEO embraces scrutiny from regulators amid potential FTX deal

“People now think we are the biggest and will attack us more,” said Changpeng Zhao in a letter updating staff on the situation with FTX. Changpeng “CZ” Zhao, the CEO o...

Bitcoin price risks $17K amid claim Binance may reject FTX takeover

Further losses come in step with confusion over the future of FTX under Binance, while CPI data looms on the horizon. Bitcoin (BTC) fell below $17,000 on Nov. 9 as rum...

Digital Assets Outfit Archax Raises $28M in Series A Funding Round

FCA-approved Archax Exchanges raises $28M in Series A (Read More)

The FTX-Alameda Implosion Has Shaken User Confidence In The Industry: Binance’s CEO Changpeng Zhao

Changpeng Zhao, CEO of Binance, shared how user confidence in the sector has declined as a result of the near collapse of FTX. CZ later added that Binance’s acquisition of FTX should not be viewed as a victory. Binance’s CEO, Cha...

Crypto Giant Coinbase Not Interested In Buying FTX U.S, COIN Stock Plunges

The crypto market became red with massive losses on Tuesday. Some analysts speculated that the selling pressure on Bitcoin and Ethereum from FTX’s attempt to raise liquidity against impending insolvency caused this cascade of losses. Some analytics d...

AllianceBlock launches its Trustless IDentity Verification solution on Mainnet

AllianceBlock’s TIDV solution is now live on the mainnet, adding on-chain verification to its end-to-end infrastructure. AllianceBlock, a platform that seeks to build seamless gateways into DeFi, & has announced the launch of its Trustless...

Ethereum Sinks To $1.2k, But Selling Pressure Only Seems To Be Rising

Ethereum has plunged below $1.3k today, but the decline may not be over quite just yet as on-chain data shows selling pressure continues to rise in the market. Ethereum Exchange Inflows Have Continued To Go Up During The Past Day As pointed out by an...

Meta Cuts 11,000 Jobs to Focus on Core Areas Including the Metaverse

Meta Platforms has cut 11,000 jobs but is still committed to its metaverse pursuits (Read More)

L2 is crucial to Ethereum decentralization, censorship resistance, says researcher

Swedish researcher Eric Wall highlighted StarkNet’s influence on Ethereum’s scalability as he joins the board of the newly formed StarkNet Foundation. Ethereum layer-2...

Binance Might Not Buy FTX After Reviewing The Exchange’s Balance Sheet: CoinDesk

Summary: Changpeng Zhao’s Binance may pull out of the deal to buy FTX, CoinDesk reported citing sources close to the matter. Zhao previously said the acquisition was “non-binding” and subject to due diligence. Sam Bankman...

Some central banks have dropped out of the digital currency race

There are at least four countries that have either scrapped or halted CBDC plans so far, and each central bank has its own reasoning for not launching one. As countri...

Bybit says customer confidence and market stability should be top priority for exchanges

Crypto exchange Bybit believes that digital asset trading platforms should focus on customer confidence and market stability. Bybit, the world’s third most visited crypto exchange, believes that the recent market volatility is a wake-up call f...

FTX and Binance: an Epic Drama

<p>The crypto world may have spent the whole of 2022 in bear market conditions, but there has been plenty of drama, and as we approach the year-end, another engrossing story unfolded. </p><p> Events around crypto exchanges FTX and B...

Coinbase, Tether, and Circle deny exposure to Alameda and FTX

Several crypto firms have come out to distance themselves with exposure to FTX crypto exchange and its sister firm Alameda amid the financial crisis facing the two firms. This comes after calls from the crypto community for transparency to let users...

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