Crypto asset management firm Ikigai Asset Management is among the companies to get caught up in the FTX collapse as it had a large portion of its assets on the collapsed exchange, according to the firm’s founder and chief investment officer, Travis Kling. Unfortunately, I have some pretty bad news to share. Last week Ikigai…
A Twitter spat erupted as Input Output CEO Charles Hoskinson commented over alleged SEC corruption, deriding the claim that the securities regulator singled out Ripple and the XRP token. John E. Deaton started the thread, asserting the lack of regulatory clarity on cryptocurrencies is an own goal for the U.S. This train of thought moved…
Bitcoin miner Canaan reported a fall in the third-quarter results with revenue seeing a fall of 25.8% from the year-ago quarter. Non-GAAP net income for the quarter was $23.4 million, a decrease of 71.7% from the same period in 2021. The company’s revenue for Q3 2022 was $137.5 million. However, mining revenue in Q3 2022…
As most cryptocurrencies suffered heavy losses following the collapse of FTX last week, Trust Wallet Token bucks the trend, growing 58% over the last 24 hours. Since Nov 7, Trust Wallet Token increased in value by 113% to lead the top 100 tokens. This run of form has resulted in a new all-time high of…
Hbit Limited, a fully owned subsidiary of New Huo Technology, has approximately $18.1 million worth of assets stuck on FTX, which filed for bankruptcy last week, according to Nov. 14 press release. Huobi Technology, which used to be an affiliate of Huobi Global before Justin Sun acquired the exchange, was rebranded New Huo Technology in…
Crypto.com CEO Kris Marszalek held an AMA on Nov. 14, addressing concerns about marketwide insolvency pressures. He said the platform is operating as usual, only at a heightened level under the current market situation. Concerns grow over Crypto.com On Nov. 11, Marszalek made a partial disclosure of the company’s reserves in a bid to quell…
Binance CEO Changpeng ‘CZ’ Zhao revealed on Nov. 14 that the exchange would launch an industry recovery fund to help strong projects in a liquidity crisis. To reduce further cascading negative effects of FTX, Binance is forming an industry recovery fund, to help projects who are otherwise strong, but in a liquidity crisis. More details…
Huobi has addressed the concerns raised as a result of Wu Blockchain’s tweet that highlighted over 10,000 ETH being moved out of the Huobi 34 wallet. Huobi explained that a part of the publicized address is the hot wallet address and assured those concerned that the firm guarantees the security of user assets, 100% redemption…
St. Kitts and Nevis Prime Minister Terrance Drew announced that BCH will become legal tender in the country by March 2023 during a BCH conference in St. Kitts and Nevis. He added that the country will also look into mining BCH and welcomes dialogue and exploration of “future opportunities” with the cryptocurrency. The Prime Minister…
SkyBridge founder plans to buy back 30% stake FTX, appeals to SBF to come clean FTX Ventures purchased 30% of SkyBridge in September, providing capital for SkyBridge to expand, develop new products, and introduce cryptocurrencies. 24 hours ago · 1 min read