Nov 15 (Reuters) – Solana, a poster coin of the crypto future, is in trouble. The cryptocurrency, which had been hailed by FTX founder Sam Bankman-Fried, was hit harder than any other major coin by the exchange’s collapse. The Solana, or SOL, token has fallen 53.8% since the furor began to unfold on November 2. …
Cryptoverse: So far, Solana? Ether rival crushed by FTX crash Read More »
Crypto.com CEO Says He Will Release Proof of Reserves Bitcoin stabilizes around $16,700 Binance CEO Plans ‘Industry Recovery Fund’ Small AAX exchange stops withdrawals NEW YORK, Nov 14 (Reuters) – Bitcoin and other cryptocurrencies were under pressure on Monday after crypto exchange FTX’s dramatic collapse last week, as rival exchanges sought to reassure nervous investors …
Regulators surround FTX as rival exchanges try to placate investors Read More »
SINGAPORE, Nov 11 (Reuters) – Regulators froze some assets of troubled cryptocurrency exchange FTX and industry peers rushed to limit losses on Friday amid worsening solvency problems of the company and increased control of its managing director, Sam Bankman-Fried. The week-long saga that began with a run on FTX, one of the biggest crypto exchanges, …
FTX scrambles for funds as regulators take action Read More »
Nov 10 (Reuters) – FTX is scrambling to raise about $9.4 billion from investors and competitors, a source said on Thursday, as chief executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been rocked by a rush of customer withdrawals. Bankman-Fried discussed raising $1 billion each from Justin Sun, the founder of …
FTX Seeks $9.4 Billion in Rescue Funds, Bahamas Freezes Some Assets Read More »
SINGAPORE, Nov 8 (Reuters) – This is no joke. Elon Musk’s acquisition of Twitter has put a new wind in the sails of dogecoin, the same cryptocurrency he catapulted to fame. Dogecoin’s price doubled after tycoon Tesla closed the $44 billion deal. It was trading at around $0.07 on October 27 before Musk tweeted “the …
Cryptoverse-Elon Musk releases the bird and the dog coin flies Read More »
Nov 1 (Reuters) – After months of tears and tantrums, bitcoin wants to break away from stock markets. The cryptocurrency, which has been closely correlated to tech stocks for much of its torrid 2022, is staging one of its biggest efforts yet to break loose. Its 30-day correlation with the Nasdaq (.IXIC) slipped to 0.26 …
Cryptoverse: Bitcoin wants to break its link with stocks Read More »
Oct 25 (Reuters) – As a developed country, you know your currency is in trouble when investors start hedging with bitcoin. After brief British Prime Minister Liz Truss unveiled her mini-budget on September 23, filling financial markets with dread, a section of investors moved away from the pound and into cryptocurrency. Trading volumes between bitcoin …
Cryptoverse: The British Pound Fiasco Boosts the Appeal of Bitcoin Hedging Read More »
