Tag: btcusdt

Nov 28 2022

Genesis Global Capital Under Scrutiny By US State Regulators

Nov 28 2022 Published at Bitcoinist.com under tags  btcusd btcusdt crypto crypto news exchange

Crypto trading firm Genesis, a renowned crypto lender and lists among the top lenders in the world, is reportedly under the lens of regulators in the state of Alabama and other U.S. states. The state securities department is undertaking a careful look at aspects which also concern the "interconnectedness of crypto...

Nov 27 2022

Crypto Exchange Coinsquare Suffers Data Breach – Here’s What Happened

The Canadian crypto exchange platform, Coinsquare recently suffered a data breach. It is the first...

Nov 25 2022

FTX Collapse Hurts Investor Confidence, Why These Companies Will Profit

Nov 25 2022 Published at Bitcoinist.com under tags  btcusdt crypto crypto news ftx

The collapse of the second crypto exchange, FTX, may become one of the most traumatic episodes for the nascent asset class. However, as is often the norm in financial markets, the losses for one party implied profits for another. According to a report from Similarweb, cold wallet and hardware wallet companies, equipment that allows...

Nov 21 2022

Investors Panic As Largest Bitcoin Fund Hits All-Time Low Premiums

The Grayscale Bitcoin Fund (GBTC) remains the largest legal bitcoin fund in the world with hundreds of thousands of BTC in holdings. However, given recent developments, the value of the fund has taken a massive hit. GBTC had been trading for a high premium for most of the year, but with the issues rocking Genesis Trading, which shares the same parent company with...

New Report Shows South Korea And Singapore Badly Impacted Amidst FTX Contagion

Nov 21 2022 Published at Bitcoinist.com under tags  binance btcusdt crypto news ethereum ftx

The FTX collapse might prove to be the biggest disaster in the history of cryptocurrency. Since the news of the exchange's insolvency issue, a lot has happened in the industry. The fallout spread like wildfire across the crypto space, causing a massive decline in the price of digital assets, including Bitcoin and Ethereum. Many crypto firms exposed to the now bankrupt exchange by...

Nov 17 2022

How FTX Went From Billions To $600,000 At Its Liquidation, New CEO Reveals Murky Facts

Nov 17 2022 Published at Bitcoinist.com under tags  breaking news ticker btcusdt ftt ftx

The FTX bankruptcy process has begun, led by the company’s new CEO, John Ray. After Sam Bankman-Fried, founder and former CEO of the company quit from duties and position, Ray took over the reins of the failed company. In the past, Ray led other companies through their bankruptcy and liquidation processes, including energy behemoth Enron. The current FTX CEO has decades of experience...

FTX Contagion Spreads, Will ETHE And Grayscale Bitcoin Trust Share Same Fate As FTT?

Nov 17 2022 Published at Bitcoinist.com under tags  bitcoin btcusdt ethereum ftx grayscale

The sudden decline of FTX has created a devasting effect on the entire Bitcoin and crypto market. Panic shorting of digital assets is the order of the day, with Solana taking a massive hit as many investors dumped the coin. FTT, the native crypto asset of FTX, has lost almost all its investor value. Most investors had withdrawn their tokens in large amounts...

Nov 16 2022

What Does The Founder Of 3AC Has To Say About FTX’s Fallout?

The founder of the currently inoperative crypto hedge fund Three Arrows Capital (3AC) has started to make statements regarding the firm's bankruptcy. This comes after months of silence after the bankruptcy. In recent times, the Three Arrows Capital founder, Kyle Davies, has taken to the social media platform...

USDC Stablecoin Issuer Circle Has Allowed Businesses To Use Apple Pay

Nov 16 2022 Published at Bitcoinist.com under tags  btcusd btcusdt circle crypto news usdc

USD Coin Issuer Circle has mentioned that Apple has now allowed and enabled crypto payments that will be using stablecoin on their payment platform. Merchants who accept the USDC will now be able to do so with the help of Apple Pay. It will be now possible to interact with Apple Pay for merchants who are open to accepting Circle's USDC...

Crypto Trading Platform Bitvo Terminates Acquisition Deal With FTX

Nov 16 2022 Published at Bitcoinist.com under tags  bitcoin bitvo btcusd btcusdt crypto

Cryptocurrency trading platform Bitvo, based in Canada, has stated that it has decided to terminate its deal to be bought by FTX. Bitvo mentioned that its shareholder, Pateno Payments Inc., had to go through with the termination of the agreement that was formed earlier with FTX Canada Inc. and FTX...

Nov 10 2022

New Report Shows FTX Used Customer’s Crypto Funds To Support Almeda Research

Nov 10 2022 Published at Bitcoinist.com under tags  almeda btcusdt crypto crypto news ftx

While the flames of the FTX crash burn the crypto market, people are coming up with different claims explaining why the crypto exchange's demise. In a market driven by claims, rumors, and speculations, such reports could engineer a further crash. But, on the other hand, it may also shed light on the ongoing investigation. The latest claim from Reuters alleged that...

Nov 09 2022

What Bitcoin’s Decline To A New Cycle Low Says About The Market

Bitcoin was able to hold the $20,000 through times with expected volatility, triggering speculations that the digital asset had finally reached its bottom. However, recent developments in the crypto market proved that the cryptocurrency had indeed not reached its bottom, declining lower than the previous cycle low....

Nov 07 2022

U.S. Seizes $3.3 Billion In Bitcoin Linked To Silk Road Dark Web

According to a press release, the U.S. Department of Justice (DoJ) seized over $3.3 billion or 50,000 Bitcoin (BTC) tied to the infamous digital Silk Road. This capture is one of the largest in history for the DoJ, the Southern District of New York, and the Internal Revenue Service (IRS)...

Nov 03 2022

Bitcoin Mining Firm Iris Energy Might Fail To Pay Off Its Loans

Several unfortunate cases are springing up in the Bitcoin and crypto ecosystem. The main reason for these adverse events comes down to the current bearish trend of the cryptocurrency market. Regardless of experts' optimistic predictions, investors are still skeptical about future investments. Some crypto firms seek ways to sustain their staff and clients. Others are ensuring they don't run out of funds before...

Crypto Trading Without Commissions? New Fidelity Product Delivers It

Fidelity Investment will launch a new crypto trading product for retail investors in the United States. The firm has been launching new products and offerings to offer its clients exposure to Bitcoin and crypto across multiple options. Per a report from CNBC, the firm will launch a...

This Is How MoneyGram Will Allow Users To Store And Trade Bitcoin

Bitcoin and Crypto mass adoption is going to a new level, with international financial service providers like MoneyGram embracing it. MoneyGram is a global money transfer and financial service provider. It has both digital and retail locations around the globe, enabling consumers to pay bills and send money to friends and family at affordable rates. In a...

Fed Interest Rake Hike Fails To Destabilize Bitcoin, Is This The Bottom?

Nov 03 2022 Published at Bitcoinist.com under tags  bitcoin bitcoin price btc btcusd btcusdt

The FOMC meeting was concluded on Wednesday and the Fed had finally made its decision public. As expected, there was another interest rate hike but surprisingly, the crypto market did not respond as expected. Instead of wild volatility, digital assets in the space were able to hold on to their gains for last week, sparking speculation on if the reason was the market...

Rising Bitcoin Hash Rate Sets The Stage For Energy Companies

Nov 03 2022 Published at Bitcoinist.com under tags  bitcoin blockchian btcusdt hash rate sec

Bitcoin Mining hash rates are important security metrics as they signify the network's overall resistance to malicious attacks. Hash rates also measure a blockchain network’s ability to process transactions. Calculations of hash rates may enable miners to forecast their profitability. Changes in hash rates impact the mining flexibility, profitability, and the number of miners in the network. For proof-of-work networks like Bitcoin, more...

Nov 02 2022

Fed Decision Looms Over Financial Markets, Is Bitcoin Safe?

Bitcoin and the entire crypto market are currently waiting with bated breaths to see the outcome of the FOMC meeting. The United States Federal Reserve Open Market Committee (FOMC) meeting began on Nov. 1 and the market now waits patiently for the decision of the Fed. In the last couple of months, the FOMC meeting has proven to be a very volatile time...

Nov 01 2022

Revolut Introduces Crypto Card, Customers To Get Cashback In Dogecoin

Nov 01 2022 Published at Bitcoinist.com under tags  btcusd btcusdt crypto crypto news revolut

Revolut, which is a British fintech and banking firm, has decided to launch a new feature called "spend from crypto". This feature helps convert the crypto balance of customers into fiat money. That, in essence, will make it faster for Revolut cardholders to sell...

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