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Crypto markets slump as FTX seeks to raise new fundsHONG KONG/SINGAPORE :Cryptocurrency markets nursed heavy losses on Thursday, with bitcoin hovering near a two-year low as investors fretted about the fallout from the implosion of crypto exchange FTX, which was seeking new funds to plug a gaping hole in its finances. Larger rival Binance walked away from a ba
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
FTX suspends addition of new clients, withdrawals:FTX on Thursday suspended onboarding of new clients as well as withdrawals until further notice as hopes of a rescue for the cryptocurrency exchange fade after rival Binance walked away from a deal to bail out the company.In a message on its website, the company also asked clients to avoid depositing their f There should be some coverage on Temasek leading the Series B & C investments into FTX_Official at a *$32 BILLION* valuation
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Crypto markets slump as FTX seeks to raise new fundsHONG KONG/SINGAPORE: Cryptocurrency markets nursed heavy losses on Thursday (Nov 10), with bitcoin hovering near a two-year low as investors fretted about the fallout from the implosion of crypto exchange FTX, which was seeking new funds to plug a gaping hole in its finances. Larger rival Binance walked aw
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Analysis:FTX debacle sparks investor rethink of battered crypto marketNEW YORK/LONDON : With major cryptocurrency exchange FTX on the brink of collapse, some investors are beginning to question the viability of a sector already bruised by the bitcoin bubble bursting and closures of key market players.Crypto markets have come under intense pressure this year, as rising inter
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
CoinShares says has $30.3 million exposure to FTXLONDON : Crypto asset manager CoinShares has $30.3 million worth of exposure to crypto exchange FTX, CoinShares said in a statement on Thursday.CoinShares said its exposure to FTX includes $3.1 million worth of bitcoin and $1.2 million worth of ether in pending withdrawals requests which were sent before
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
SEC Chair Gensler slams 'non-compliant' crypto industry amid FTX turmoil- CNBCCrypto investors need better protection in a space that is 'significantly non-compliant' despite clear regulations, U.S. Securities and Exchange Commission Chair Gary Gensler said in an interview to CNBC on Thursday. 'The runway is running out. Investors around the globe are getting hurt,' he said while c
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »