When the world realized the fraud Sam Bankman-Fried (SBF) committed to building his FTX empire, fellow entrepreneurs, investors and long-time believers unanimously acknowledged the damage caused to the credibility of the crypto ecosystem. On the other hand, mainstream media — that predominantly attacked crypto via negative speculations — has seemingly taken sides with SBF while paying no heed to the losses exceeding […]

Cardano price is struggling below $0.40 against the US Dollar, similar to bitcoin. ADA price could gain bearish momentum if it clears the $0.315 support. Cardano Price Analysis This past week, cardano price faced a strong rejection near the $0.380 zone against the US Dollar. The ADA/USD pair formed a high near $0.388 and started a fresh decline. There was […]

Inflows into cryptocurrency investment products rose sharply last week as institutional investors bought the dip amid the marketwide collapse triggered by FTX’s and Alameda Research’s bankruptcies.  Digital asset investment products saw inflows totaling $42 million in the week ending Nov. 13, the largest increase in 14 weeks, according to CoinShares data. Bitcoin (BTC) investment products saw the largest inflows at […]

According to a new filing with the Stock Exchange of Hong Kong on Monday, investment holdings company New Huo Technology, formerly known as Huobi Global, said that it has $18.1 million worth of deposits stuck on troubled cryptocurrency exchange FTX. Of this amount, $13.2 million consisted of client’s deposits, and $4.9 million comprised of assets belonging to Hbit, another subsidiary.  […]

During a live ask-me-anything (AMA) session with users on Monday, Crypto.com CEO Kris Marszalek explained that the firm sent large-sum stablecoins to troubled cryptocurrency exchange FTX to fulfill liquidity within customers’ orders at the time when FTX was still functional. As told by Marszalek:  “Over a year, $1B was moved to FTX and we recovered all of this. We only […]

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Alameda Research, a quantitative crypto trading firm founded by Sam Bankman-Fried (SBF), has reportedly come under legal scrutiny for comments made in 2018 that promised investors “no risk” returns.  According to a report by The Block, the trading firm, which helped create liquidity for SBF’s now bankrupt FTX Group, was delivering slide decks to potential investors in 2018 that included […]