Ethereum price weakens near key support, but traders are afraid to open short positions
ETH price hovers at a key support level and while it is softening, data shows pro traders are reluctant to...
Month: November 2022
Esports team TSM suspends $210M sponsorship deal with FTX
TSM confirmed that it remains “strong, profitable and stable” despite its decision to suspend the sponsorship with FTX.
Tether says it has no exposure to Genesis Global or Gemini Earn
The stablecoin operator said the reliability of its reserves is important to highlight “at a time like this.” Tether has...
Tom Brady and other celebrities named in class-action lawsuit against FTX
Evidence suggests “FTX’s fraudulent scheme was designed to take advantage of unsophisticated investors,” according to the lawsuit. Former FTX CEO...
Sam Bankman-Fried updates investors: ‘We got overconfident and careless,’ claims $13B leverage
“I was on the cover of every magazine, and FTX was the darling of Silicon Valley,” said the former CEO...
Terra Labs, Luna Guard commission audit to defend against allegations of misusing funds
The audit tracked efforts to defend the UST peg from May 8 to12 and found no wrongdoing. LFG used the...
Terra’s $2.8B Defense System — Luna Foundation Guard Audit Says Group Spent More Than 80,000 Bitcoin Defending UST Peg
Months after the collapse of Terra’s U.S. dollar-pegged token UST, the organization created to protect the once-stable coin, the Luna...
US House Committee to Investigate and Hold Bipartisan Hearing on FTX Collapse
The U.S. House Financial Services Committee is planning to investigate the FTX collapse, according to a joint press release published...
Terraform Labs Co-Founder Daniel Shin’s Firm Chai Reportedly Raided by Seoul Prosecutors
Following the collapse of FTX, law enforcement officials are still dealing with the Terra blockchain fiasco. A new report claims...
Tom Brady, Gisele Bündchen, Kevin O’Leary, and 9 Other Celebrities Named in FTX-Related Class-Action Lawsuit
Former FTX CEO Sam Bankman-Fried (SBF) and a number of celebrities including Tom Brady, Gisele Bündchen, Stephen Curry, and Shaquille...
Nike unveils NFT platform: Nifty Newsletter, Nov. 9–15
An image of the sandals worn by Steve Jobs was minted as a nonfungible token and sold for over $200,000....
DeFi platforms see profits amid FTX collapse and CEX exodus
On-chain data flashed positive for DEXs and an increase in protocol revenue, even as markets corrected due to FTX’s insolvency....
Blockstream CEO Adam Back talks Bitcoin over a game of Jenga
Back was one of the few people cited in the original Bitcoin white paper. Ever since his childhood years, Adam...
Bybit releases reserve wallet addresses amid calls for transparency
The wallets seem to indicate that over $1billion worth of BTC, USDT, ETH, and USDC are held by the exchange....
BTC Price Prediction – Is Bitcoin Heading Back to $17k Today
The foremost cryptocurrency, Bitcoin, slipped below the $16,000 threshold following the news of FTX’s crisis. However, the digital asset has...
