Even as the FTX collapse sent shockwaves through the crypto world, institutional investors aren’t backing away—they’re doubling down. Data from Bitstamp, a major cryptocurrency exchange, shows a surprising 57% spike in institutional registrations on its platform in November compared to October, right when the FTX saga was dominating headlines. It’s a bold move that flies…
Turkey’s Financial Crimes Investigation Agency announced on Monday, the 14 of November, that it is investigating FTX.com for the infamous collapse of the crypto exchange last week. MASAK notice claimed their investigation included looking into people, institutions, banks, and crypto service providers related to FTX. This may include local subsidiary FTX Turkey, which is listed among 134…
Bitcoin’s big players—those holding at least 1,000 BTC, worth about $17 million each—are dwindling. According to Glassnode’s December 3, 2022, data drop, the number of these whale wallets has sunk to a three-year low of 2,063. It’s a sign the crypto titans might be losing their nerve amid shaky market vibes. Looking back, history hints…
Bankrupt crypto exchange FTX has said it could have more than a million creditors on its books. The revelation was made in a new filing at the United States Bankruptcy Court for the District of Delaware, handling the company’s chapter 11 proceedings. FTX wants to combine creditor lists In the filing, FTX seeks permission from the court…
The fallout from FTX’s collapse just keeps getting messier. According to a bombshell court filing from the bankrupt crypto exchange, FTX owes a jaw-dropping $3.1 billion to its top 50 creditors alone. That’s right—just 50 names account for a debt pile that’s left over a million clients and investors reeling from losses in the billions…
Bitcoin took a nosedive in the last 24 hours, leaving fans stunned and the market scrambling. Many figured the FTX collapse drama had mostly blown over, but analytics outfit Santiment says there’s more to this tumble than meets the eye—and it’s not just old news. Santiment, a go-to for on-chain crypto insights, points the finger…
More than six governmental regulatory bodies, including the U.S. SEC, CFTC, DOJ, California and other municipal governments in the US, the Bahamas, and the Japanese Financial Services Agency, have stated that they are looking into FTX occurrences. The Bahamas Securities Commission freezes FTX’s assets According to a statement released by the Bahamas Securities Commission on Thursday, the…
Bitcoin is trading at $16,488 today and has gained over 1.7% in the past 24 hours. A few days ago, bitcoin had dropped to sub-$16k, trading at $15.7k. While the coin is currently bullish, these will likely be short-lived. Since analysis indicates that Bitcoin has not reached its bottom, investors should expect further adverse price action…
Core Scientific, the heavyweight champ of publicly traded Bitcoin miners in the U.S., might be the next crypto domino to fall, staring down bankruptcy after a brutal third-quarter loss of $434 million. That bombshell, dropped in a fresh SEC filing, pushes their 2022 losses to a staggering $1.7 billion—a hole so deep it’s got the…
Bitcoin.com is throwing a lifeline to folks burned by the recent wave of crypto exchange flops, rolling out a new program to cushion the blow from centralized giants like FTX, BlockFi, Celsius, and Voyager going bust. Dubbed the CEX Education Program, it’s dishing out compensation to victims who sign up at getverse.com—while giving a big…