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BREAKING: FTX files for bankruptcy, SBF resigns as CEO.
FTX, until recently thought to be one of cryptocurrency’s top platforms, has announced it entered voluntary Chapter 11 Proceedings. The announcement on Friday morning is the latest chapter of a really stunning turn of fortunes for the crypto exchange, a timeline of events that have helped trigger fresh selling across the crypto market. origin »
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CryptoSlate Wrapped Daily: SBF out as CEO as FTX files for bankruptcy; SEC Chairman’s ties with exchange under scrutiny.
The biggest news in the cryptoverse for November 11 includes FTX filing for bankruptcy as John Ray III takes over from Sam Bankman-Fried as CEO, FTX users seeking to bypass bankruptcy process using the “Bahamas loophole”, US Congressman accused SEC Chairman of having dubious ties to FTX, and Crypto dot com disclosing reserve holdings to allay rumors […] The post CryptoSlate Wrapped Daily: SBF out as CEO as FTX files for bankruptcy; SEC Chairman’s ties with exchange under scrutiny appeared first on CryptoSlate. origin »
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FTX Commences Bankruptcy Proceedings as CEO Steps Down.
FTX.com has commenced Chapter 11 Bankruptcy proceedings after unsuccessfully attempting to raise $8 billion in liquidity. The post FTX Commences Bankruptcy Proceedings as CEO Steps Down appeared first on BeInCrypto. origin »
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Bitcoin price: Brownstone Institute’s Jeffrey Tucker says BTC could retest $10K.
Jeffrey Tucker, the President and founder of the Brownstone Institute, says the current market outlook could aid further rot for Bitcoin (BTC/USD). Cryptocurrencies have again witnessed a major dump as panicked investors sold-off on news one of crypto’s biggest companies, FTX, was in trouble. origin »
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FTT, CRV, AR, APT and HT Suffer the Biggest Price Drops in an Already Bearish Crypto Market.
BeInCrypto takes a look at five projects that underperformed relative to the crypto market last week, more specifically from Nov. 4 to Nov. 11. The post FTT, CRV, AR, APT and HT Suffer the Biggest Price Drops in an Already Bearish Crypto Market appeared first on BeInCrypto. origin »
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Binance CEO Was the First to Warn About FTX, Now CZ Says More Cryptos Will Collapse.
Binance CEO Changpeng Zhao compared the current events unfolding around FTX to the start of the 2008 financial crisis. The post Binance CEO Was the First to Warn About FTX, Now CZ Says More Cryptos Will Collapse appeared first on BeInCrypto. origin »
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Tech Workers Still in Demand Despite Mass Layoffs, Says Ripple CTO.
With the collapse of Sam Bankman-Fried’s FTX exchange, many of his skilled employees will likely have to seek new employment. Fortunately for them, the chief technology officer at Ripple Labs hinted that they may not have to look far. origin »
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BlockFi pauses client withdrawals – the details.
Crypto news this week has had one major headline: FTX. And under that could be numerous subplots – one of which is BlockFi, a crypto lender with ties to the collapsing crypto exchange FTX and which is also in the deep itself. origin »
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Silvergate Capital says FTX reflects less than 10% of its total deposits from digital asset customers.
Silvergate Capital issued a statement to inform the public of its exposure to FTX and its related entities. The post Silvergate Capital says FTX reflects less than 10% of its total deposits from digital asset customers appeared first on CryptoSlate. origin »
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FTX Founder's Billion-Dollar Fortune Goes to $1.
Fried's worth was $26 billion at its highest point origin »
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From Enron to FTX: Wall Street Turnaround Titan John Jay Ray III Takes Reins from FTX CEO Sam Bankman-Fried.
Sam Bankman-Fried handed over control of his company to the veteran Wall Street bankruptcy lawyer who will guide the company’s Chapter 11 process. origin »
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This Week in Crypto News: FTX Collapse, FIFA World Cup, and BitBoy Make Headlines.
Crypto news: How the mighty are fallen as Sam Bankman-Fried goes from hero to zero, DOGE dealing in Turkey outstrips Ethereum and Bitcoin combined, and the XRP Army goes on maneuvers. The post This Week in Crypto News: FTX Collapse, FIFA World Cup, and BitBoy Make Headlines appeared first on BeInCrypto. origin »
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FTX Faces Potential Hack, Sees Mysterious Outflows Totaling More than $600M.
FTX stated in its official Telegram channel that it had been hacked, instructing users not to install any new upgrades and to delete all FTX apps. origin »
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Miami HEAT Arena Balks at FTX Naming Rights, Ending 19-Year Deal Early.
Miami-Dade County terminated its relationship with the exchange. origin »
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Meet the Metaverse Nightclub–Loving Audit Firm That Presided Over FTX’s Financials.
FTX auditor Prager Metis reported the company earned $1 billion in revenues in 2021. An investigation from CoinDesk reveals Prager Metis also operates in Decentraland, where it sponsors the “Decentraland Babydolls.” origin »
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Mars Token: What is the Mars Metaverse?.
The Mars Token is officially listed on OKX, one of the most reputable crypto exchanges in the market today. It means one can now buy, sell, trade or stake MRST on both OKX CEX and DEX. MRST’s listing on OKX crypto exchange came just days after the Mars Labs team attracted investment from Asia-based venture […] The post Mars Token: What is the Mars Metaverse? appeared first on Invezz. origin »
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Over 4 Million Lido DAO (LDO) Tokens Transfer to Exchanges Sparks Fear.
With the larger crypto market down once again, Lido DAO prices rebounded back to lower levels after charting a short-term recovery. The post Over 4 Million Lido DAO (LDO) Tokens Transfer to Exchanges Sparks Fear appeared first on BeInCrypto. origin »
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XRP and BNB Price Analysis for November 11.
Have bulls gotten back in game by now? origin »
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Six-Time NBA Champion Scottie Pippen Immortalized in NFT.
Olympic gold medalist and U.S. basketball legend Scottie Pippen now has his own 'customized' NFT origin »
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SOL Price Drop Makes BNB Whales Pick It up Massively.
Solana (SOL) price rises as this group of investors fills Solana bags origin »
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It's Worst Week in Crypto History; Anthony Scaramucci Elaborates on Why.
SkyBridge Capital's Anthony Scaramucci says that for many, this week has been worst in history of crypto origin »
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JPMorgan Believes BTC Will Drop to $13,000, Elon Musk Shares Twitter’s Plans, Arthur Hayes Predicts SOL for $3 and ETH for $750: Crypto News Digest by U.Today.
Check out the latest crypto news and updates in the industry with the U.Today news digest! origin »
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SkyBridge founder plans to buy back 30% stake FTX, appeals to SBF to come clean.
SkyBridge Capital founder Anthony Scaramucci told CNBC on Friday that the company is trying to buy back the stake FTX had acquired in the alternative investment firm. The post SkyBridge founder plans to buy back 30% stake FTX, appeals to SBF to come clean appeared first on CryptoSlate. origin »
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Investor pays $100k bribe to FTX officials to bypass KYC and withdraw funds.
AlgodTrading, an FTX user, took to Twitter to request KYC approval that will allow him to withdraw his fortune currently locked under the umbrella of the falling exchange FTX. The anonymous crypto millionaire offered to reward any FTX official $100,000… origin »
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Elon Musk-Inspired Dogelon Mars Jumps 24%, Here's Why.
Elon Musk-named meme coin has been on quiet run since Twitter acquisition origin »
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Ontario teachers’ fund loses $95 million due to FTX bankruptcy.
Ontario Teachers’ shared their woes amid the FTX’s recent troubles after they invested a significant amount of funds in FTX International and its US entity (FTX.US). The pension company claims its investment is almost zero following FTX’s insolvency. Reasons for… origin »
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Bankrupt Crypto Lender Voyager Reopens Bidding Process Following FTX’s Collapse.
Voyager Digital is ending the deal to sell itself to FTX US after the latter also declared bankruptcy on Friday. origin »
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Cryptopia Releases Update to Users Regarding Liquidations From 2019 Hack.
New Zealand crypto exchange Cryptopia announced the third phase of its reimbursement plan after a hack that saw customers lose $4.2 million. The post Cryptopia Releases Update to Users Regarding Liquidations From 2019 Hack appeared first on BeInCrypto. origin »
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Binance CEO Shares Horrifying Prediction About Major Crypto Crisis.
Binance CEO Changpeng Zhao believes that it will get worse before it will get better, drawing parallels with the 2008 financial crisis origin »
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Celsius, Voyager Reveal FTX Exposure.
Two of this summer’s biggest bankruptcies in the crypto industryCelsius and Voyagerhave revealed exposure to FTX, which could dramatically restructure their bankruptcy proceedings. Celsius Has $1.3M Locked, $13M Loans Celsius... origin »
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Deribit showcases proof of reserves as FTX bankruptcy launches panic in the crypto market.
Ethereum and Bitcoin option Exchange, Deribit, aired its reserves online to assure its clients of future safety against attacks on November 11. The organization’s announcement aims to maintain transparency and eliminate fear among its clients. Users urged to stay calm… origin »
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FTX crash pushes Bitcoin to self-custody; Ethereum switched for stablecoins.
After the FTX collapse, investors are moving large amounts of Bitcoin (BTC) to their self-custody wallets and exiting Ethereum (ETH) to invest in stablecoins, according to data analyzed by CryptoSlate. origin »
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The New York Fed and Singapore’s MAS join resources to research the advantages of wholesale CBDCs.
Together, the Monetary Authority of Singapore (MAS) and the New York Innovation Center of the Federal Reserve Bank of New York announced their plans to collaborate in evaluating the effectiveness of wholesale central bank digital currencies (wCBDCs). The goal of… origin »
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Breaking: FTX Files for Bankruptcy, Bitcoin Extends Losses.
Sam Bankman-Fried has stepped down as FTX Group's CEO origin »
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Polygon, Cardano, and Solana — Top 3 Altcoins On The Cusp Of Meteoric Boost In Q4 2022.
The crypto market has a few crypto assets looking poised for a bullish breakout in adoption and price performance and are worth looking out for in November and December. Among these are Polygon (MATIC), Cardano (ADA), and Solana (SOL). origin »
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Crypto Bank Silvergate Capital Surges on Lack of FTX Exposure.
The lender said it has no outstanding loans nor investments in the bankrupt crypto exchange. origin »
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FTX's Fall Will Lift the Next Generation of Bitcoin Maximalists.
The Bahamas-based crypto exchange's fall from grace could open the door for die-hard supporters of the most popular digital currency in the industry's ecosystem. origin »
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Crypto.com's Preliminary Glimpse of Token Reserves Reveals 20% in Shiba Inu Coin.
As large crypto exchanges push to prepare “proof-of-reserves” audits, an initial effort reveals just how much of Crypto.com’s reserves are in the dog-inspired meme ERC-20 token, SHIB. origin »
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Uncertainty Looms Amid Binance’s Failed Acquisition Of The FTX Crypto Exchange.
On November 2, 2022, the Fed raised its key interest rates by 75 basis points for the fourth time this year, bringing the target range for the federal funds rate to 3.75 to 4 percent. Immediately following the Fed rate announcement, the price of Bitcoin remained above US$20,000, as the markets had anticipated an interest […] origin »
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US-Listed Crypto Trading Platforms Coinbase, Bakkt Gain After FTX Bankruptcy Filing.
Investors appear to be favoring more regulated and transparent platforms. origin »
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Market Wrap: Bitcoin Returns to Red, Tumbling 7% on FTX Collapse.
Other cryptos also fell as investors digested the latest developments in the crypto exchange giant’s unraveling. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets. origin »
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GameStop to End FTX.US Ties, Refund Customers.
GameStop customers who have FTX gift cards will be given refunds. origin »
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Bitcoin’s Energy Usage Spikes To 41% In 12 Months Amid Increasing Regulatory Interest In PoW Mining.
The energy consumption of Bitcoin (BTC) mining rigs soars in the third quarter of 2022, according to a report by the Bitcoin Mining Council (BMC). The report shows a 41% rise year-on-year increase in the energy consumption of the largest cryptocurrency, although new efforts and technology have been deployed to mine BTC this past 12 […] origin »
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Uniglo.io Is The Number One Presale On Now, Why Flasko, Big Eyes, And IMPT Holders Are Taking Notice.
On-chain analysis provides a bird’s eye view of capital flows on the blockchain. On-chain analysts have consistently pointed to Uniglo as the leading presales based on one simple metric: capital allocation. origin »
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Ledger Enables Secure Staking of ETH & DOT for Enterprises.
Ledger has launched enterprise staking of ETH & DOT, through Ledger Enterprise, the platform that empowers enterprises to secure and grow their digital value. This is enabled through its newly launched network of trusted staking providers, beginning with Kiln and Figment. origin »
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JPMorgan Names Silver Lining to Ongoing Crypto Crisis.
JPMorgan believes that the cryptocurrency industry could actually benefit from the current mayhem in the long term origin »
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FTX files for chapter 11 bankruptcy taking down about 130 companies with it.
FTX has filed for Chapter 11 bankruptcy in the U.S., based on a recent Twitter post. Sam Bankman-Fried stepped down as the company’s CEO and named John Ray III as his replacement. Although Bankman-Fried will be leaving his position, he… origin »
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When Bitcoin Hits $10K-$12K, I Will Get Excited: "Rich Dad, Poor Dad" Author.
Robert Kiyosaki shares one more positive opinion about Bitcoin as its price keeps dropping origin »
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Top F1 Racing Team Suspends FTX Partnership.
Mercedes-AMG Petronas, which signed long-term partnership with FTX last September, has moved to distance itself from embattled exchange origin »
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Solana's Devastating 44% Loss Awaits Aggravation: Crypto Market Review, November 11.
Fate of one of the biggest Ethereum competitors is in hands of stakers origin »
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