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FTX Hack and Balance Sheet Mystery – Crypto Prices Weak As Up to $2 Billion of Client Funds Missing. Where is SBF?
13.11.2022
Aside from losses resulting from the FTX hack, the bankrupt exchange is apparently unable to account for $1 billion to $2 billion of client funds, say people familiar with the matter, and its balance sheet shows liabilities of $8,859 million against assets of just $899 million. ...
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Robert Kiyosaki: I’m a Bitcoin Investor — When BTC Hits New Bottom, I Get Excited
13.11.2022
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he is not worried about the price of bitcoin dropping. “I am a bitcoin investor,” he said, adding that when the price of the cryptocurrency hits a new bottom, he gets excited. Robert Kiyosaki...
Biggest Movers: DOGE Surges Following Elon Musk Comments on the Meme Coin
12.11.2022
Dogecoin was one of the only crypto tokens to trade higher on Saturday, as comments from Elon Musk boosted prices. Speaking in a Twitter Spaces centered around the FTX collapse, Musk was heard saying: “Doge to the moon.” Solana on the other hand extended its declines, falling by over 15%....
Experts Predict These 4 Coins Might 10x as Crypto Prices Bounce
11.11.2022
With the crypto market experiencing a downturn, investors are looking for ways to wait out the current storm. While coin prices remain highly volatile, there are still opportunities for gains.
Several coins have piqued the interest of experts, and we’ll go over some of them below:...
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Breaking: FTX US Files for Chapter 11 Bankruptcy, Sam Bankman-Fried Resigns, Crypto Prices Crash Instantly
11.11.2022
In a statement posted on the official FTX Twitter account, the firm announced that they had commenced voluntary Chapter 11 bankruptcy proceedings. The news comes despite efforts by founder Sam Bankman-Fried (SBF) to raise funding to plug the $9.4 billion hole left by fund mismanagement....
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Crypto Prices Crash as FTX Declares Bankruptcy, SBF Resigns - Winners and Losers
11.11.2022
FTX's desperate scramble for investors to repair its balance sheet has ended in bankruptcy.
With regulators around the world freezing the troubled exchange's assets, it was only a matter of time.
Sam Bankman-Fried has resigned as CEO and is replaced by John J Ray III.
Ray said: “The immediate...
Bitcoin, Ethereum Technical Analysis: ETH Moves Higher as Markets Continue to React to US Inflation Report
11.11.2022
Ethereum was trading higher on Friday, as cryptocurrency markets continued to rebound, following yesterday’s U.S. inflation report. The better-than-expected 7.7% CPI (consumer price index) figure for October boosted prices, following recent bearish sentiment. Bitcoin briefly climbed back...
TRX’s USD Exchange Rate Jumps 270% Higher on FTX After Exchange Brokers Deal With Tron
11.11.2022
On Thursday, at approximately 12:48 p.m. (ET), the embattled exchange FTX revealed that it has created a special facility with Tron. The deal allows holders of specific Tron-based coins to withdraw the tokens to external wallets on a 1:1 ratio. While coin market aggregation sites say tron tapped...
JPMorgan Expects Crypto Market to Face Weeks of Deleveraging – Warns Bitcoin Price Could Drop to $13K
11.11.2022
Global investment bank JPMorgan has warned of the crypto market facing weeks of deleveraging stemming from the crisis at Sam Bankman-Fried’s crypto exchange FTX.com and trading platform Alameda Research. The firm’s analysts also predicted that the price of bitcoin could fall...
Crypto Prices Bounce as FTX Searches For Rescuers, Tether Peg Slips, Contagion Fears Mount
10.11.2022
Crypto prices bounced today but how long can the reprieve last and will FTX survive?
Well, the game isn’t up for FTX just yet, as various reports suggest the crypto exchange teetering on the edge of bankruptcy is in talks with investors as it seeks a rescue deal.
Now market participants worry...
Bitcoin Jumps as U.S. Consumer Prices Rose Just 0.4% in October, With Annual Pace Slowing to 7.7%
10.11.2022
Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Declines Following FTX Saga, Markets Now Look Towards US Inflation Report
10.11.2022
Cryptocurrencies continued to crash on Thursday, as market sentiment surrounding the FTX saga remained on the minds of traders. Bitcoin fell below $16,000 late on Wednesday, with prices remaining close to two-year lows today. Ethereum slipped below $1,100, with attention now focused...
Why Crypto Prices Are Still Crashing and Will The Bleeding Stop Soon?
10.11.2022
Crypto prices continue to crash after Binance pulled the plug on its proposed acquisition of FTX and the troubled exchange said it was facing bankruptcy unless it could raise $4 billion.
Meanwhile, the bitcoin price fell to as low as $15,597, but has since recovered 3.5% to trade at $16,350....
Crypto.com Exchange Suspends Withdrawals on Solana blockchain as Crypto Prices Crash – Another Exchange in Trouble?
10.11.2022
Major cryptocurrency exchange Crypto.com has suspended deposits and withdrawals of two major stablecoins, USDT and USDT, on the Solana blockchain.
In an email to users on Wednesday, the platform reportedly said that they are suspending deposits and withdrawals of USDC and USDT on the Solana...
Cardano Price Forecast – Bulls Keep ADA Above $0.30, Can Prices Rally Now?
9.11.2022
Cardano price holds above $0.30 amid another 2022 crypto crash that followed the Binance and FTX drama.
Although the selloff initially affected FTX Token (FTT), which has since lost 75% of its value over the last 24 hours to trade at $4.43, mass withdrawals from the FTX exchange have hammered...
Bitcoin sinks to new yearly low at $16.8K as FTX insolvency fears turn into contagion
9.11.2022
BTC and altcoins continue to sell-off, hitting new yearly lows as the collapse of FTX begins to drastically impact investors across the entire crypto market
Uniglo.io shows a prime example of how burn events push prices higher; Will Big Eyes, Tamadoge, or IMPT follow?
9.11.2022
Burn events can help the price of a specific crypto token surge upwards. And no other crypto project has ever announced a burn event like GLO will carry out on its official launch in just a few days’ time. This news has left early investors eager for launch day and could bring huge profits...
XRP Price Prediction – XRP Crashes 12%, Have Prices Bottomed Yet?
9.11.2022
The XRP price has crashed by 18% in the past 24 hours, as news surrounding FTX's possible collapse drags down the wider cryptocurrency market. At $0.360066, the altcoin has fallen by 22% in a week and 32% in a month, having also been hurt LBRY's loss in its case against the SEC....
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Crypto Prices Crash as FTX Crypto Exchange Collapses – What We Know So Far
9.11.2022
The price of almost all major cryptocurrencies crashed today after it was announced that major crypto exchange FTX will be acquired by rival Binance in a strange turn of events.
The world's largest cryptocurrency has lost more than 8% over the past 24 hours, currently trading around the $18,000...
Crypto Prices Crash but These 3 Coins Could 10x
9.11.2022
The global cryptocurrency market is in a bloodbath, with the total crypto market cap down over 12% from yesterday and the market cap of DeFi coins down more than 13%. Bitcoin fell more than 16%, breaking the yearly low in June and setting a new low of $17,114. Similarly, FTT fell by more than...