Bahamian regulators asked Sam Bankman-Fried (SBF) to access FTX’s systems and transfer all of its crypto to a government controlled wallet after it had filed for bankruptcy. On Nov. 17,[…]
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Uniswap Labs Launches Two New Smart Contracts
Uniswap Labs, the entity behind decentralized exchange Uniswap, on Nov. 17 launched two new smart contracts. One increases token swap flexibility and the other aggregates ERC-20 and NFT swaps. The[…]
Bitcoin Miners Are Selling Around 900 Minted Coins Every Day: Glassnode
Miners continue to lose revenue as Bitcoin’s price falls – and they’re selling all the Bitcoin they’re mining. In a Nov. 18 update, on-chain analytics platform Glassnode shared data showing[…]
Weekly Recap: FTX Files for Bankruptcy, Triggering Contagion Across the Lending Industry
Alameda CEO Confesses to Using Customer Funds While SBF May Have Used a ‘Backdoor’ The New York Times reported that Caroline Ellison, the CEO of Alameda Research declared in a[…]
FTX Wasn’t Authorized to File for US Bankruptcy: Bahamas Liquidators
Court-appointed liquidators have rejected the validity of FTX’s Chapter 11 bankruptcy filings in the U.S. On Nov. 15, Brian Simms, the provisional liquidator in charge of overseeing FTX’s liquidation proceedings[…]
El Salvador Plans to Buy One Bitcoin Every Day
El Salvador plans to double down on Bitcoin, starting tomorrow. In a Nov.16 tweet, the Central American nation’s president, Nayib Bukele, said the country would buy one Bitcoin every day.[…]
Crypto Lender Genesis Trading Halts Withdrawals
Genesis Global Capital, the lending arm of crypto investment bank Genesis Trading, halted withdrawals amid a liquidity crunch. Citing “unprecedented market turmoil”, the Digital Currency Group-owned firm said that the[…]
Uniswap Beats Coinbase to Become Second Largest Venue for ETH Trading
Decentralized exchange Uniswap became the second-largest exchange for Ethereum trading in the last 24 hours, beating out Coinbase and paving the way for non-custodial exchanges in the wake of collapsed[…]
Liquid Global and Salt Lending Halt Withdrawals After FTX Collapse
Two more crypto platforms have suspended operations after the collapse of crypto exchange FTX. On Tuesday, FTX-owned crypto exchange Liquid Global said it had suspended fiat and crypto withdrawals on[…]
‘The Alameda Gap’ Sends Crypto Liquidity Plummeting
The implosion of Alameda Research has had far reaching effects on the crypto market, but perhaps none are as clearly visible as its effect on liquidity. A Nov. 15 report[…]
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