Institutional trading firms have faced financial losses and operational difficulties in the wake of the FTX collapse.
Author Archives: Cointelegraph By Sam Bourgi
FTX has an estimated $8 billion hole in its balance sheet. Investors desperate to get their money back are being targeted by phishing scams.
Businesses exposed to Sam Bankman-Fried's bankrupt cryptocurrency exchange are beginning to topple.
Institutional investors still see a future for Bitcoin and cryptocurrencies despite the epic collapse of FTX and Alameda Research.
Over 150 projects, including Chainlink, Uniswap and Aave, have signaled their intent to deploy on the layer-2 blockchain.
SBF stepped down as CEO of FTX on Nov. 11 after initiating Chapter 11 bankruptcy proceedings in the District of Delaware.
Wallets tied to FTX and FTX US have seen $659 million in cumulative outflows over the past 24 hours, according to Nansen.
The company is building payment rails that could make crypto purchases as ubiquitous as Paypal transactions.
The bankrupt crypto lender has been accused by customers of being a Ponzi. Meanwhile, Binance's $500 million investment in Elon Musk's Twitter has been confirmed.
Fidelity Crypto will focus on Bitcoin and Ether initially. The brokerage will make money by charging a 1% spread on trades.