Huobi has reiterated that it will remain adamant about protecting and not appropriating users’ funds, which shall be fully redeemable and withdrawable.
About $400 million worth of FTT tokens were launched on Sunday, but there might be more to the release than meets the eye.
Bitcoin price has dropped over 23 percent in the last seven days to trade below $16k on Monday following the FTX collapse.
The outcome of the US mid-term elections seems to have little impact on the crypto space which is still suffering the jolt of FTX collapse. Bitcoin makes a fresh 2022-low.
Notably, the accidental ETH transfer is not the first of its kind for Crypto.com. The crypto firm made headlines when it said it had accidentally sent AUD$10.5 million to a client.
The US arm of troubled company FTX is closing trading activities soon but still permits customers to make withdrawals.
As the inflation data showed some relief, innovation stocks rallied hard pushing up the ARKK Innovation ETF to its biggest single-day gains.
Tron and Tron-based tokens have surged between 500% and 4000% on the FTX exchange as the exchange pursues alternative options to get out of its liquidity crunch.
Leading exchange Binance recently announced that users can now make payments for crypto using a debit/credit card.
The data has sent a positive signal to investors that inflation in the US has peaked, a good development for the broader economy.
The options left for FTX and Alameda Research are notably streamlined at this time. The expectation that the company’s assets outside of its US subsidiary will be acquired by Binance exchange fell apart as Binance pulled out of the deal.
Amid the FTX crisis, Genesis Trading said that its management is working to effectively handle the company’s lending book and credit exposure.
NFL legend Tom Brady, and his former wife, are among several household names to lose sizable stakes following the recent FTX collapse.
While no particular country has gotten a perfect check when it comes to the evolution of digital currencies, some nations are arguably more advanced in terms of the regulation governing the industry than others.
Amid the ongoing FTX financial crisis, Sequoia Capital has marked its $210 million investment with the exchange down to zero.