Crypto lending platform BlockFi announced it was halting withdrawals Thursday night in the wake of the collapse of crypto exchange FTX. “We are shocked and dismayed by the news regarding Read more
Tag: Bitcoin USD
‘Bedazzled by money’: Democratic ties to Sam Bankman-Fried under scrutiny after FTX collapse
Sam Bankman-Fried’s fall from grace has dealt an unprecedented blow to the crypto industry’s reputation — and some of this infamy may rub off on politicians who took his money, Read more
FTX’s fall explained: ‘This is the worst’ moment for crypto this year.
Hello, welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch. It has been an historic week for Read more
Bitcoin prices score reprieve as Sam Bankman-Fried’s FTX faced stunning unraveling
After a surprise announcement that Changpeng Zhao, the chief executive of Binance, had signed a non-binding letter of intent to buy FTX on Tuesday, the firm eventually walked away from Read more
“Bitcoin will be the winner because bitcoin is a digital commodity and it’s the least controversial of everything” said MicroStrategy’s Michael Saylor
“Bitcoin will be the winner because bitcoin is a digital commodity and it’s the least controversial of everything.” — Michael Saylor, co-founder and chief executive of MicroStrategy In an interview Read more
FTX lent over half of its customer funds to affiliated trading firm: WSJ
Embattled crypto exchange FTX, once the third-largest crypto exchange by trading volume, reportedly lent more than half of its customer funds to its affiliated trading firm Alameda Research, exposing further Read more
Sam Bankman-Fried takes blame for FTX liquidity issues: ‘I fucked up’
Crypto exchange FTX is undergoing significant liquidity issues, and CEO Sam Bankman-Fried “asked for help” from rival exchange Binance this week. Binance elected not to participate, and Bankman-Fried addressed the Read more
Investors fear potential FTX bankruptcy spilling over to reeling crypto, stock markets
Investors are concerned that a potential bankruptcy of FTX, once the world’s third largest digital asset exchange by trading volume, will spill over to the already battered crypto and stock Read more
Binance CEO in internal memo: ‘I had very little knowledge of the internal state of things at FTX’
“‘It was less than 24 hours ago that SBF called me. And before that, I had very little knowledge of the internal state of things at FTX.’” — Changpeng Zhao, Read more
Binance confirms it’s backing out of deal to buy FTX assets
Binance, the world’s largest crypto exchange, has confirmed that it is indeed backing out of its deal to buy rival FTX’s non-U.S. assets, according to a tweet sent from the Read more