Cryptocurrency

Bitcoin
El Salvador Begins Dollar Cost Averaging On Bitcoin Despite the Crypto Winter

El Salvador, the first country in the world to accept Bitcoin as legal cash in September 2021, is restarting its BTC purchases after pausing for several months due to the market’s bearishness. The Bitcoin Hoarding Begins El Salvador’s president Nayib…

Cryptocurrency
Singapore State Firm Announces Biggest FTX-Related Loss As SBF Remains At Large

Singapore State Investment Firm to Lose $275 Million The much-publicized FTX collapse painted a clear picture of what a financial contagion looks like. This is after several interlinked companies in the crypto space also went down with liquidity issues as…

Cryptocurrency
FBI In Pursuit Of Sam Bankman-Fried As FTX Debacle Heats Up

FTX founder Sam Bankman-Fried may be extradited to the United States for questioning, according to reports from three persons with knowledge of the situation, according to Bloomberg News on Tuesday. Fears over the future of the cryptocurrency business have been…

Blockchain
Gemini Earn Affected As Genesis Crypto Lending Unit Halts Withdrawals

Following the collapse of FTX, the lending division of cryptocurrency investment bank Genesis Global Trading has temporarily stopped accepting redemptions and initiating new loans, Interim CEO Derar Islim informed customers in a call on Wednesday. According to the company’s website,…

Cryptocurrency
FTX Hacker Identified As One Of The Largest ETH Holders

The hacker who used an exploit to steal money from the now-defunct FTX has been revealed as the 35th-largest Ethereum owner, holding a total of 228,523 ETH valued at $284.82 million. The FTX Attack According to well-known cryptocurrency security company…

Cryptocurrency
FTX Contagion Pushes 300% Surge In Trezor Wallet Sales

Investors are gravitating toward hardware crypto wallets more and more as worries about centralized cryptocurrency exchanges grow in the aftermath of the FTX debacle. Sales Rising Each Week According to Josef Tetek, the company’s brand ambassador, Trezor, a leading hardware…

Cryptocurrency
Crypto.com CEO Explains Why They Won’t Go Bankrupt As Insolvency Rumors Intensify

On November 14, Crypto.com CEO Kris Marszalek hosted an AMA to address worries about pressures resulting from market-wide insolvency. According to him, the platform is still functioning normally, albeit at a heightened level, given the state of the market. Is…

Cryptocurrency
US Congressman Feels Vindicated In Historical Anti-crypto Stance, Claims FTX Paid to Deter Legislation

In a statement following the FTX fall, anti-crypto Congressman Brad Sherman said that FTX had supported Democrats in their efforts to influence crypto rules and that he was right to call for the SEC to take action against unregistered exchanges…

Cryptocurrency
Binance to Bailout Strong but Struggling Crypto Projects With Launch Of “Recovery Fund”

Changpeng “CZ” Zhao, the CEO of Binance, announced on November 14 that the exchange would establish an industry recovery fund to aid solid enterprises facing a liquidity problem. CZ made the remarks in light of the current bear market liquidity…

Cryptocurrency
FTX Collapse Triggers Massive Run On Exchanges Pushing Bitcoin to Self-Custody Wallets

According to data reviewed by CryptoSlate, after the FTX collapse, investors are shifting significant quantities of Bitcoin (BTC) to their self-custody wallets and leaving Ethereum (ETH) to invest in stablecoins. BTC Rushes to Self Custody The amount of very liquid,…