Yikes. Another day, another major crypto company facing rumours of insolvency, as the old saying goes. Twitter is alive the past 24 hours with frenzied concern about Binance. But is it merely paranoid panic over nothing, or is there something to see here? Let’s see. Are you looking for fast-news, hot-tips and market analysis? … Read more
Genesis Global Capital, the lending arm of digital assets platform Genesis Trading, has halted all redemptions as well as loan originations, parent company Digital Currency Group announced on Wednesday morning. DCG, pointing to the market conditions and the impact being felt across the crypto space following crypto exchange FTX’s collapse, wrote: Are you looking for … Read more
Crypto news this week has had one major headline: FTX. And under that could be numerous subplots – one of which is BlockFi, a crypto lender with ties to the collapsing crypto exchange FTX and which is also in the deep itself. What are the details? Well, BlockFi has announced that it’s pausing customer withdrawals … Read more
FTX is allowing withdrawals again even as the future of the troubled crypto exchange remains more of an uncertainty. On-chain data on the block explore Etherscan shows withdrawals on FTX were being processed as of 11:30 am ET on Thursday. As might be expected, customers are eager to get hold of their assets even with … Read more
FTX crypto exchange has recorded a surge in stablecoin withdrawals amid crowing unsubstantiated fears surrounding the exchange’s financial status. According to Nansen data, more than $451 million in stablecoins have been withdrawn from FTX in the last seven days. There has generally been a flurry of large withdrawals from FTX users after details of FTX’s … Read more