Genesis Global halts withdrawals citing ‚unprecedented market turmoil‘
The troubled firm is also acting as the liquidity provider of Grayscale Bitcoin Investment Trust.
Blockchain
Circle’s USDC issuance falls 3 billion from Binance stablecoin conversions
Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX.
FTX crisis could extend crypto winter to the end of 2023: Report
The crypto market might see “second-order effects” from counterparties that may have lent or interacted with either FTX or Alameda.
Island nation turns to metaverse to preserve its disappearing heritage
The island of Tuvalu said it plans to build a digital version of itself in order to preserve its history...
FTX Australia’s license suspended as 30K Aussies left in the lurch
Three members of a Sydney-based investment and advisory firm are assigned to help Australians impacted by the suspension of the...
Yuga Labs acquires Beeple’s 10KTF game, hints at metaverse integration
Once the acquisition is completed, the company said that Beeple will be hired as an advisor for Yuga Labs.
FTX debacle sees Nansen take stock of major exchange on-chain holdings
Blockchain analytics firm Nansen has released an overview of major cryptocurrency exchanges’ on-chain asset holdings and portfolios in the wake...
FTX hacker still draining exchange wallets? Analyst calls it on-chain spoofing
The FTX hacker managed to steal $477 million out of the $650 million moved on-chain on Nov.11 and currently holds...
Binance CEO urges crypto buyers to ‚hold‘ amid ‚unpredictableness‘
Binance CEO Changpeng Zhao (CZ) said people should invest in crypto if they're using "cash that you don't need for...
Binance’s CZ says users share blame for placing trust in FTX, should take responsibility
The Binance CEO was responding to a questioner who accused the company of profiting from FTX’s downfall while normal users...
BlockFi denies rumors that majority of its assets were held on FTX
Although it admitted to “significant exposure,” the crypto lender assured clients that it has “the necessary liquidity to explore all...
CZ and Saylor urge for crypto self-custody amid increasing uncertainty
Binance CEO Changpeng Zhao said self-custody is a “fundamental human right,” while Michael Saylor said self-custody is necessary to prevent...
Payments company Curve bids for BlockFi’s 87,000 credit card customers
A Curve spokesperson has confirmed they have been in negotiations to acquire BlockFi's credit card program's customers since Nov. 12.
FTX US suspends withdrawals, according to on-chain data
The development comes less than 24 hours after the platform issued an advisory urging its users to close down trading...
Wake up call? Bitcoin wallets move 3,500 BTC dormant since 2011
A Bitcoin whale has moved 3,500 BTC to new wallets for the first time since 2011, changing the address format...
