FTX US suspends withdrawals, according to on-chain data
The development comes less than 24 hours after the platform issued an advisory urging its users to close down trading positions
The development comes less than 24 hours after the platform issued an advisory urging its users to close down trading positions
FTX and Alameda’s Ponzi-like trading scheme has dealt a heavy blow to the entire crypto industry. Here are three developments to keep a close eye on.
Amy Wu’s resignation followed the news 134 companies associated with the FTX Group would be filing for bankruptcy under Chapter 11 in the United States.
The proposed change would prevent certain coins that have fallen in value recently from being used as collateral.
Ephemeral aspects of pop culture are becoming tradable commodities. That phenomenon will only grow in the years ahead.
According to the company, this will bolster its position as a global leader in crypto capital markets.
The crypto market managed an 11% bounce from the Nov. 9 low, but a handful of metrics show a severe lack of investor confidence.
Sam Bankman-Fried no longer qualifies for a listing on the Bloomberg Billionaires Index, while Elon Musk’s reported net worth has dropped by more than $86 billion in recent days.
Cointelegraph is a member of the network of organizations committed to using blockchain technology for climate action.
The DeFi market faced the heat of the FTX turmoil as well with the majority of tokens and projects registering a blood bath over the past week.