Amid the current market scenario and rising energy costs, the company is finding it extremely difficult to continue operations. Core Scientific is also taking help of financial advisors to reorganize its liquidity.
In addition to the cyberattacks report, the attorney said several legal, cybersecurity, and blockchain analysis firms had come together to help FTX with the proceedings.
Amid the crypto bear market, Ark Invest has acquired an additional stake in GBTC, spending over $1.5 million on more than 170,000 shares.
With so many potential victims of the ongoing FTX saga, analysts have weighed in by delivering their crypto price predictions.
With more assets moving into Binance, market sentiments may suggest that investors believe Binance to be safe.
According to Ackman, there are some issues with crypto like unethical promoters being able to produce tokens to allow pump-and-dump strategies.
Funds stolen from FTX exchange are being converted and exchanges have been warned to keep their eyes peeled.
Crypto traders say that bears are in complete control. Bitcoin can drop to $13,000 and altcoins can correct another 50% from the current levels.
Charlie Munger remains unapologetically skeptical about crypto, especially with the recent happenings around the collapse of the crypto exchange FTX.
The data has sent a positive signal to investors that inflation in the US has peaked, a good development for the broader economy.
Amid the FTX crisis, Genesis Trading said that its management is working to effectively handle the company’s lending book and credit exposure.
Bitcoin is in free fall and trading at around $16,700. A short-term squeeze is expected as institutional investors jump in to buy the dip.
To encourage this initiative, users who make payments in BTC on all footlongs, and meatball marinaras would have a 10% discount.
Stakeholders in the crypto ecosystem notably injected funds into keeping the candidates of their choice seen in these midterm elections.
The collapse of FTX tokens has sent tremors across the entire crypto industry. ETH withdrawals on FTX have skyrocketed by more than 90% in the last few days.