The largest cryptocurrency exchange in the world, Binance, has announced the launch of the $1 billion Industry Recovery Initiative, which will support struggling crypto businesses. With that piece of news blowing up the crypto space, 7 additional businesses are now…
Search Results For: FTX
Grayscale Holds 633K Bitcoins According to An Independent Research Report
Since FTX’s demise, other exchanges and digital asset managers have been under growing pressure to show that they actually have the cash they claim to. A major black swan event would be the liquidation of GBTC’s holdings or its collapse…
Senators Warn Fidelity Not to Offer Bitcoin in Retirement Savings
In April of this year, Fidelity Investments announced that it will start to give customers the option to put Bitcoin (BTC) in their 401(k)s. But US Senators are trying to convince the Financial Giant to renege from offering BTC-backed retirement…
Gemini Under Scrutiny Despite Assurances that Funds are Safe
The collapse of FTX, a major cryptocurrency exchange, has put into question the stability of all exchanges. This doubt in the crypto space did not spare Gemini, considered to be one of the most regulated crypto companies in the US.…
JPMorgan Registers Trademark For Crypto Wallet, Announces New Crypto Services For Customers
The “J.P. Morgan Wallet” has been legally registered and patented by JPMorgan with the US Patent and Trademark Office, according to a formal document released on November 21, 2022. (USPTO). JP Morgan’s Crypto Plans The legacy bank will start providing…
Genesis Disputes “imminent” Intentions to Declare Bankruptcy.
Genesis, a cryptocurrency loan firm, has denied rumors that it is preparing to file for bankruptcy “imminently” if it is unable to meet a $1 billion shortfall brought on by the collapse of cryptocurrency exchange FTX. Company Couldn’t Raise Capital…
Ripple Announces Machine Learning For ODL In Preparation For Significant Growth
Ripple Swell conference came to an end on Nov 17, and CEO Brad Garlinghouse announced significant advancements for the adoption of RippleNet and On-Demand Liquidity (ODL). The development of Central Bank Digital Currencies was one of the conference’s key areas…
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,…
20 Million Dollar Losses Hidden by SolChicks NFT Executives
Solchicks, a play-to-earn PVP (Player-vs-Player) crypto game, is reportedly affected by the TerraUSD (UST)/ Luna collapse in May 2022. This information was made known by ZachXBT, an anonymous crypto twitter handle who is known for exposing anomalies and scams within…
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…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
