Deepak.eth, the founder of the blockchain infrastructure Chain, listed their NFT collection for sale on OpenSea starting at 8,000 ETH. 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...Continue Reading

Unrealized losses are hitting both long-term and short-term holders this week, with half of the supply underwater in wallets. Bitcoin (BTC) is setting unenviable records this week as hodlers big and small battle some major pain. Data from on-chain analytics firm Glassnode shows over one-third of the BTC supply being held at a loss by...Continue Reading

A rumor suggesting that FTX CEO Sam Bankman-Fried has been arrested is circulating on social media. The crypto community continues to be bombarded with rumors and conspiracy entering into the fifth day of FTX’s fall. From reports that Sam Bankman-Fried (SBF) was arrested on the tarmac at the Bahamas airport to rumors that employees of...Continue Reading

The California DFPI announced it will open up an investigation as to the “apparent failure” of FTX and says it takes this oversight very seriously. The Department of Financial Protection and Innovation (DFPI) in the state of California announced on Nov. 10 that it will open up an investigation as to the “apparent failure” of...Continue Reading

The two U.S. Senators said the downfall of FTX clearly exemplified “the need for greater federal oversight of the digital asset industry.” United States senators Debbie Stabenow and John Boozman have doubled down on their commitment to publishing a final version of the Digital Commodities Consumer Protection Act 2022 (DCCPA) in the wake of FTX’s...Continue Reading

FTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help. Cryptocurrency exchange FTX has lost at least one potential rescuer as it battles to fill a reported multi-billion dollar hole in its balance sheet. The CTO...Continue Reading

Nearly all major stablecoins lost their dollar pegs amid the FTX saga, but most have recovered again as markets stabilize. Plunging cryptocurrency prices are not the only consequence of this week’s FTX-induced crypto contagion.  Significant market volatility this week induced by the collapse of the FTX exchange has impacted stablecoins with many of them de-pegging...Continue Reading

The JST token in particular is trading for a premium of around 1,200%, while BTT and TRX have inflated at least 500% apiece. Tron-based tokens such as JUST (JST) have surged as much as 1000% on FTX, as users scramble to find ways of extracting locked-up liquidity from the beleaguered exchange.  At the time of...Continue Reading

Ark Investments topped up its Coinbase stock shortly after FTX’s liquidity issues were revealed, which came after Coinbase stated that it had “minimal exposure” to the troubled trading platform. Amid the FTX and crypto market chaos, Cathie Wood-led Ark Investments has increased its Coinbase (COIN) holdings with a purchase of 237,675 COIN shares worth about...Continue Reading

“We intend to communicate as frequently as possible […] but anticipate that this will be less frequent than what our clients and other stakeholders are used to.” Crypto lender BlockFi has halted client withdrawals on its platform as part of a broader limit to activity in the wake of FTX’s collapse. pic.twitter.com/zNF1uP6evl — BlockFi (@BlockFi)...Continue Reading