Ethereum News – Page 6 – WORLD CRYPTO BUSINESS

Genesis sought $1B emergency loan but never got it

[ad_1] Crypto lender Genesis sought out an emergency loan of $1 billion from investors in the wake of FTX’s collapse and ensuing bankruptcy but never got the funds it requested, The Wall Street... Read more »

3AC co-founder Kyle Davies says ‘we’re looking forward to justice’

[ad_1] Speaking to CNBC about the FTX collapse, Three Arrow Capital co-founder Kyle Davies slighted the bankrupt exchange by saying: “In the trueness of time, we will find out the truth and... Read more »

Coinbase says it has no exposure to Genesis, touts ‘strong capital position’

[ad_1] Due to the chain reaction of events following the FTX collapse, the leading exchange Coinbase felt the need to clarify that it has a ‘strong capital position’ amid market turmoil, and... Read more »

Decentralized stablecoins are pitched as crypto’s holy grail, so where are they?

[ad_1] A large amount of the attention Bitcoin gets from the media is due to the crypto asset’s wild price fluctuations and while it has tended to become a bit less volatile... Read more »

FTX’s ex-CEO Sam Bankman Fried claims Alameda had more assets than liabilities just a few days before bankruptcy filing

[ad_1] Ex-FTX CEO Sam Bankman Fried said in a recent tweet that Alameda had more assets than liabilities as of Nov. 7, just a few days before it filed for bankruptcy, but... Read more »

BlockFi has ‘significant exposure’ to FTX, denies talk of majority of assets being custodied at FTX

[ad_1] BlockFi has responded to the controversies surrounding FTX and its reported connection to the embattled cryptocurrency exchange in a recent statement to its users. The crypto firm denied allegations that most... Read more »

FTX autopsy triggers Hoskinson-Schwartz feud over allegations of SEC corruption

[ad_1] A Twitter spat erupted as Input Output CEO Charles Hoskinson commented over alleged SEC corruption, deriding the claim that the securities regulator singled out Ripple and the XRP token. John E.... Read more »

Binance to launch ‘recovery fund’ for strong projects with liquidity crisis

[ad_1] Binance CEO Changpeng ‘CZ’ Zhao revealed on Nov. 14 that the exchange would launch an industry recovery fund to help strong projects in a liquidity crisis. To reduce further cascading negative... Read more »

FTX implosion leads to aggressive Bitcoin accumulation for investors

[ad_1] The recent crash of FTX has led to massive capitulation for major cryptocurrencies, with Bitcoin (BTC) trading as low as $15,682 during the last seven days. However, the decline of the... Read more »

Crypto market sees biggest miner selling pressure since January 2021

[ad_1] The ongoing market slump caused by the FTX fallout hasn’t left Bitcoin miners unscathed. The market has seen the biggest one-day miner selling pressure since January 2021, and data analyzed by... Read more »