Analysts are highlighting large withdrawals placed from FTX, which is causing volatility. They are pondering whether FTX might be having trouble with its reserves. These analysts also pointed to FTX pulling funds out of the Wormhole bridge, saying that these transactions are being made to ensure liquidity remains. FTX has taken a hit after Binance announced it would liquidate its […]

Changpeng “CZ” Zhao, CEO of cryptocurrency exchange Binance, appears disinterested in Alameda Research’s offer to buy out the crypto exchange’s FTX Token (FTT) holdings. Zhao responded to a question on Nov. 7 on Twitter asking if he would take up the offer by Alameda Research CEO Caroline Ellison to buy Binance’s FTT holdings for $22 per token. Zhao said: “I think we […]

Two digital asset exchange-traded fund (ETF) issuers in Australia are set to leave the market amid heightened regulator scrutiny and a deepened crypto winter, though some remain bullish about the market’s prospects. In the last week, Australian crypto ETF providers including Holon Investments and Cosmos Asset Management have indicated they may be stepping back from the crypto ETF scene. On […]

A United States District Court ruled in favor of the Securities and Exchange Commission (SEC) Nov. 7 in its case against blockchain-based file-sharing and payment network LBRY. The court granted the SEC’s request for a summary judgment filed May 5. The SEC sued developer LBRY, Inc. in March 2021 — after the agency had brought similar charges against Ripple — […]

The crisis rocking FTX and Alameda have adversely affected the prices of major digital assets as they record double-digit losses. Sam Bankman-Fried downplays the reports that his firm is standing on brittle ice, saying, “FTX is fine.” Binance states that it will begin unloading the last of its FTT token over the uncertainty surrounding the FTX and Alameda. The uncertainty […]

According to a new filing with the U.S. Securities and Exchange Commission on Monday, Bitcoin (BTC) miner Iris Energy says it has received a default notice from mining rig manufacturer Bitmain Technologies. The notice alleged that Iris Energy failed to “engage in good faith restructuring discussions” for certain principal payments due on Nov. 8. Additionally, Iris Energy received a separate […]

Dubai, Dubai, 7th November, 2022, Chainwire With football fever sweeping across the globe, Binance is launching a new online challenge where football fans could win a share of an incredible rewards pot – including more than $1,000,000 in tokens, limited-edition NFTs and premium club experiences such as player meet-and-greets and training ground tours. Binance ‘Football Fever 2022’ launches on November […]

FTX founder and CEO Sam Bankman-Fried took to Twitter again on Nov. 7 to claim that “a competitor is trying to go after the cryptocurrency exchange with false rumors”, while also calling for collaboration with the rival exchange Binance. The comments follow a statement from Binance CEO Changpeng “CZ” Zhao concerning the liquidation of the exchange’s position in FTX token […]