Tag: FTX

Bitget Raises Protection Fund to $300m after FTX Crash

[ad_1] Bitget, a popular cryptocurrency platform, announced on Tuesday that it had increased the amount of the current Protection Fund to $300 million. After the FTX collapse, the crypto exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial...
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$1bn Drained from FTX and FTX US Accounts

[ad_1] The FTX drama continues. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. Just hours after FTX crypto exchange filed for Chapter 11 bankruptcy and Sam Bankman-Fried resigned as the CEO,...
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Bitfinex CTO releases proof of reserves amid FTX bankruptcy fiasco

[ad_1] The fall of major crypto ecosystems — such as FTX and Terra (LUNA) — this year highlighted the importance of transparency around the true reserves held by crypto exchanges and businesses. Amid the ongoing fear, uncertainty and doubt (FUD) across the crypto space, crypto exchange Bitfinex revealed its...
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Binance Ends FTX Acquisition Citing Due Diligence

[ad_1] FTX’s woes continued on Wednesday as Binance confirmed that they have cancelled the proposed acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a...
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FTX Legal Department Jumps Ship, Binance Deal Fizzles Out

[ad_1] The FTX drama continues as the deal with its competitor Binance falls apart. According to several reports, employees at the platform are fleeing amid growing concerns about a massive $6 billion hole on the company’s balance sheet. A report from Semafor indicates that FTX’s legal and compliance staff...
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Bitcoin price dips under $17.6K June low as FTX nerves liquidate nearly $1B

[ad_1] Bitcoin (BTC) liquidated $200 million of long positions on Nov. 8 as BTC price briefly tumbled to two-year lows. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price sets new two-year low Data from Cointelegraph Markets Pro and TradingView revealed carnage across crypto price charts as exchange FTX kept...
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FTX US Deal with Voyager Offers 72% Funds Recovery

[ad_1] According to court documents from this week, clients of the bankrupt crypto lender, Voyager Digital might have a chance to recover some of their funds. Under a preliminary deal with FTX US, a cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange...
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FTX, Binance and CrossTower are competing to buy Voyager Digital assets: Source

[ad_1] Cryptocurrency exchanges FTX, Binance and CrossTower are competing to acquire beleaguered crypto lender Voyager Digital’s assets out of bankruptcy, according to insider sources.  According to details published by former investment banker and angel investor Simon Dixon, the three exchanges are competing in an auction to acquire Voyager Digital,...
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FCA Says FTX Operating in the UK Without Approval

[ad_1] The United Kingdom’s financial market watchdog, the Financial Conduct Authority (FCA Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services...
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