Crypto exchange FTX is processing withdrawals again after a 48-hour shutdown, based on on-chain data from Etherscan. The data shows that withdrawals began shortly before 11 a.m. ET on Thursday. Read more
Tag: Money/Currency Markets
FTX is processing withdrawals again, according to on-chain data
Crypto exchange FTX is processing withdrawals again after a 48-hour shutdown, based on on-chain data from Etherscan. The data shows that withdrawals began shortly before 11 a.m. ET on Thursday. 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
U.S. Treasury says currency-market intervention should be reserved for ‘very exceptional circumstances’ in response to Japan’s September move
The U.S. Treasury Department on Thursday said it expects currency-market interventions, like Japan’s in September, should be reserved for exceptional circumstances, as it kept Tokyo on a list of partners 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
FTX-Binance ordeal has not shaken venture capital confidence in crypto industry
Venture capitalists and investors are rethinking what it means to invest in crypto companies after a possible deal between two of the world largest crypto exchanges, FTX and Binance, collapsed Read more
A ‘cascade of margin calls’ deleveraging, crypto failures and bitcoin at $13,000 are likely amid FTX fallout
A “new wave of crypto deleveraging” is likely under way, with bitcoin itself poised to drop another 25% amid a “cascade” of margin calls. That was the grim assessment JPMorgan Read more
Crypto and tech are the first dominoes to fall as stimulus liquidity dries up, says this money manager. Here’s what could happen next.
Markets probably didn’t need another more brick on the 2022 wall of worries, but got one anyway as FTX, the world’s third largest crypto exchange, is teetering on a collapse Read more
Sequoia on its FTX investment: Some surprise to the upside, and some surprise to the downside
“We are in the business of taking risk. Some investments will surprise to the upside, and some will surprise to the downside.” That’s noted venture capital firm Sequoia Capital on Read more
Technical analyst Tom DeMark says bitcoin low could come as early as Friday
The cryptocurrency market has been hammered this week as major cryptocurrency exchange FTX falters, but one noted technical analyst says bitcoin could reach a bottom as early as Friday. Tom Read more