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According to a report from Orthogonal Credit, a delegate of Maple Finance’s lending pools, the firm decided “earlier this year” not to lend to Alameda Research, FTX’s quantitative trading firm. Orthogonal said through “due diligence” it “identified a number of key weaknesses” associated with Alameda. Orthogonal Credit Found ‘Key Weaknesses’ Tied
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Two websites tied to the Bahamas-based crypto exchange FTX have gone dark in the wake of the latter’s liquidity crisis and the subsequent news that it plans to be acquired by rival exchange Binance. Source
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The rumors about the possible liquidity crisis for the world’s third-largest crypto exchange turned out to be true. Just a day after assuring funds are fine, and they have the assets to back customer’s funds, FTX CEO Sam Bankman-Fried (SBF) announced on Tuesday that Binance has shown intent to acquire
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After the Bitdao token’s quickfire plunge on Nov. 7, members of the Bitdao community have asked Alameda Research to address rumors the principal trading platform has dumped Bitdao’s BIT tokens. The dump, if confirmed, would be a breach of a swap agreement between the two entities which prohibits the offloading
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Bitcoin (BTC) stayed lower at the Nov. 7 Wall Street open as the day before the United States midterm elections opened to flat equities performance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCrypto wobbles on FTX woesData from Cryptox Markets Pro and TradingView showed BTC/USD nearing $20,600 at the time of writing —
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The Federal Reserve Bank of New York Innovation Center has released a report on the first phase of its Project Cedar wholesale central bank digital currency (wCBDC) Nov. 4. The Fed still has no plans to issue a CBDC, NY Fed executive vice president and head of markets Michelle Neal
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First Mover Asia: Alameda Research, FTX Are Bound to Each Other; Bitcoin Trades Sidways, Dogecoin Plunges Late as Twitter Halts Work on Crypto Wallet Original Source
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As November begins, analysts are busy dissecting the major market movements that occurred in October. While Bitcoin (BTC) stayed relatively unchanged with only 5.89% growth in October, Arcane Research senior analyst, Vetle Lunde mapped out the direction the market might take in the next few months.“Uptober,” a reference to Bitcoin's
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox
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It has funded more active Bitcoin Core developers and reviewers – eight contributors with at least 10 commits – than any other organization in the past 12 months, BitMex said. On GitHub, commits are snapshots of changes and updates made by developers and are often used to gauge developer activity. Original
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