Blockchain news category covers the foundational technology powering the crypto world. Discover updates on scalability solutions, layer‑1 and layer‑2 protocols, decentralized apps (dApps), enterprise adoption, and how blockchain is reshaping sectors from finance to supply chain. A must‑read for understanding the infrastructure behind the headlines.
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.
NFL legend Tom Brady, and his former wife, are among several household names to lose sizable stakes following the recent FTX collapse.
Amid the ongoing FTX financial crisis, Sequoia Capital has marked its $210 million investment with the exchange down to zero.
Justin Sun did not state any details about the solution he is working on with FTX.
From the current reality, FTX is likely to file for bankruptcy protection if it does not get the cash injections it needed to fulfill customers’ withdrawal requests.
Binance is reportedly having second thoughts about acquiring FTX after reviewing the embattled exchange’s financials.
The massive liquidity crisis at the FTX exchange has prompted calls for clear regulations in the US crypto market.
Binance backs out of the FTX deal citing concerns over the mishandling of customers’ funds by FTX and alleged US agency investigations. The Crypto market loses another $100 billion.
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.
The news came as FTX faced an apparent liquidity crunch following the collapse of its native token.
Sorare was last valued at $4.3 billion, with more than 2 million users in over 185 countries.
To encourage this initiative, users who make payments in BTC on all footlongs, and meatball marinaras would have a 10% discount.
Following its purchase of Coinbase stock at the end of October, Ark Invest has added an additional 420,949 units of COIN.
The Bloomberg Billionaires Index estimated SBF’s wealth to be $15.6 billion on the morning of November 8.
Marathon Digital noted that the lower production resulted from the previously announced exit from the company’s facility in Hardin, MT, and delays in the initial energization of the King Mountain facility in McCamey, TX.