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…
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…
Russia might just flip the script on crypto next year, with a bill to legalize Bitcoin mining possibly hitting the ground running as early as January 1, 2023. That’s the word from Anatoly Aksakov, the head of the State Duma’s Financial Markets Committee and the country’s go-to guy for crypto laws. He spilled the beans…
El Salvador’s President Nayib Bukele dropped a bombshell on Twitter yesterday, November 17, 2022, announcing the country will start snapping up one Bitcoin a day beginning Friday the 18th. It’s his latest play to weather the brutal crypto winter that’s slashed the nation’s Bitcoin stash—and he’s betting it’ll turn things around. El Salvador made waves…
According to the latest reports, Sam Bankman’s bankrupt exchange (FTX) is presumed to have held serum assets worth $2 billion. Moreover, his organization accumulated $900 million in liquid assets. Sam Bankman’s exchange continues its drama Amid FTX’s crucial drownings and surprise to its users, investments components reports suggest that Sam Bankman Fried’s trading exchange had…
