Crypto Firm Genesis Block Ceases Trading Services Amid FTX Contagion: Report
The Hong Kong-based company was once Asia’s largest Bitcoin ATM player. Source
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Contagion
Multicoin Expects FTX Contagion Dangers For Weeks To Come
In a letter to its investors, one of the industry’s most notable crypto venture firms, Multcoin Capital, has revealed its thesis for the coming weeks. Managing partners Kyle Samani and Tushar Jain write in a 3,400-word letter that the FTX fiasco does not spell doom for the crypto industry, as critics
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Crypto Exchange Gemini Suffers $485M Rush of Outflows Amid Contagion Fears
Gemini suspended its yield-earning program, shaking users’ confidence in the exchange. Original Source
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FBI Plans To Extradite FTX SBF As Contagion Spills To Genesis?
As Daily Mail reports, FTX’s former CEO Sam Bankman-Fried could be facing extradition. After more and more shocking details about FTX, Alameda and their leaders came to light in recent days, Bankman-Fried is facing extradition by the FBI, according to the latest reports. Already on Monday, it was revealed that the
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AAX reiterates withdrawal halt is unrelated to FTX contagion
Hong Kong-based crypto exchange AAX has reiterated that its suspension of withdrawals on the platform has nothing to do with the ongoing fallout from FTX's collapse and rumors to the contrary are false.The crypto community reported seeing a “System upgrade notification” message on Nov. 13, which said that a system
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$3 billion in Bitcoin left exchanges this week amid FTX contagion fears
Bitcoin (BTC) investors are withdrawing funds from exchanges at a rate not seen since April 2021 with nearly $3 billion in Bitcoin withdrawn over the past seven days.New data from on-chain analytics firm Glassnode shows the number of wallets receiving BTC from exchange addresses hit almost 90,000 on Nov. 9.Exchange
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FTX contagion victim Deepak.eth puts NFT collection up for sale
The founder of the Chain blockchain infrastructure company, who goes by the internet pseudonym Deepak.eth, took to Twitter to announce the sale of their nonfungible token (NFT) collection.Deepak.eth tweeted that the collection will either be sold to the highest bidder, or else placed in a “fractional DAO” in which they would
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FTX and Alameda Contagion Fears Tank NFT Markets
Rumors of Alameda liquidating its Solana holdings are sending SOL’s price into free-fall; both Solana and Ethereum-based NFT markets are getting hit hard by the news. Original Source
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Bitcoin sinks to new yearly low at $16.8K as FTX insolvency fears turn into contagion
Crypto markets crumbled for a second day as the fallout from FTX’s liquidity troubles continued to negatively impact investor sentiment. Bitcoin (BTC) price fell to a new yearly low at $16,800 as anonymous unconfirmed sources suggested that after a closer review of FTX’s books, Binance could back out of their agreement
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Crypto Exchanges Scramble to Compile 'Proof-of-Reserves' as FTX Contagion Grips Markets
Seven crypto exchanges said they will publish proof of their reserve holdings in the next month. Source
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