Digital Currency Group Grants Equity Infusion To Genesis
Genesis said earlier that it has about $175 million in locked funds in its FTX trading account for its derivatives business. Digital Currency Group, a crypto investor, is giving $140 million in new stock to one of the companies it owns, Genesis Global Trading. “While recent market events haven’t affected how our lending and trading […]
Ross Stevens Warns Against Non-Bitcoin Crypto Investment
Ross Stevens said that NYDIG has always turned down chances to work with companies like FTX, Three Arrows, BlockFi, Celsius, and others like them. “Life is too short to do anything other than work with people you like, trust, and would be ferociously proud to be in a foxhole with when the bullets are flying,” […]
Binance in Talks with DOJ and Regulators over FTX
The government wants to know what Binance found out about how FTX works. A person with knowledge of the situation says that U.S. authorities, including the Department of Justice, have reached out to the cryptocurrency exchange Binance to find out more about its recent talks with FTX about a possible rescue. The person said that […]
TRX Price Jumps Amid FTX Redemption of Tron-Based Tokens
FTX said that Tron-based assets could be moved to wallets outside of the exchange. After Tron founder Justin Sun agreed to move Tron-based assets from FTX to external wallets, the price of TRX, the network’s native token, went up by more than 140% on the cryptocurrency exchange FTX, from 12 cents to 29 cents. “We […]
Solana SOL Surges After Blockchain’s Foundation Delay
Investors un-staked a record amount of SOL when they got their tokens back from the blockchain’s security system. It could have been much more, though. The price of SOL went up by 18%. A record number of SOL tokens from the Solana blockchain were released from the blockchain’s security system on Thursday. This happened a […]