Grayscale Bitcoin Trust Reports 41% Meltdown
On Wednesday, the GBTC recorded its largest discount ever – 41% – which represented a price per share of $8.76 at the close of markets. Price began to sag and, as of this writing, had dropped 21% in five days. The Grayscale Bitcoin Trust, the largest institutional Bitcoin fund in the world, is one of […]
FTX U.S Leaves Crypto Council For Innovation
FTX U.S affiliate has resigned from a Washington based industry association in the aftermath of a trading scandal. The United States-based cryptocurrency advocacy organization Crypto Council for Innovation, or CCI, has let go of the position held by exchange FTX U.S. On Nov. 10, CCI CEO Sheila Warren announced that the council had accepted the […]
Tether Blocks $46.1 million Of FTX’s USDT On Tron Blockchain
In response to requests from law authorities, Tether has only so far frozen USDT funds kept in personal wallets. Tether appears to have frozen 46,360,701 USDT USDT ($46,274,472) owned by failing cryptocurrency exchange FTX in its Tron blockchain wallet, according to blockchain transaction data published by WhaleAlert on Nov. 10. One day after the US […]
Ledger Hardware Wallets Affected By FTX Crisis
According to reports on social media, some Ledger hardware users were unable to complete withdrawals using Ledger Live on Wednesday. Ledger, a maker of hardware-based cryptocurrency wallets, has reportedly run into some problems as a result of significant cryptocurrency exchange outflows during the FTX bloodbath. On Nov. 9, Ledger experienced “massive usage” of their platforms […]
Financial Regulator Orders FTX Japan To Cease Operations
In accordance with the directives, FTX Japan will be compelled to halt OTC derivatives transactions, associated margins, and new deposits. The Financial Services Agency (FSA) of Japan has asked FTX Japan to halt business transactions, citing FTX Trading Limited’s policies. The FSA announced on Nov. 10 that administrative procedures had been launched against the crypto […]