Litecoin (LTC) diverged from the broader market in November. While Bitcoin (BTC) and Ethereum (ETH) are down 21.53% and 24.92%, respectively, in the past month, Litecoin has risen 30.50% in the same time frame. In addition, it had an enormous run in its pairing against Ethereum. Litecoin is a decentralized, open-source payment system that allows …
LTC Encounters Turbulence After Diverging From Market in November Read More »
Although millions of dollars seem to be wiped out every week, starting with the collapse of Terra Luna in June and, most recently, FTX, many investors appear to be looking towards regulation, which some see as a light at the end of the tunnel. As a result, the overall crypto outlook appears to remain positive. …
Positive Crypto Outlook Despite Negative Headwinds Read More »
As the overall cryptocurrency market looks to recover from the FTX fiasco that has affected almost the entire market, the contagion risk remains on everyone’s mind. The total crypto market capitalization has dropped to under $800 billion, and the fear that more companies will fall victim to the liquidity black hole created by the fall …
Contagion Fears Slam Digital Currency Group and Their Grayscale Bitcoin Trust (GBTC) Read More »
Bill Ackman is the founder and CEO of hedge fund management company Pershing Square Capital Management and one of the most well-known names in the traditional finance space. As the world looks to move forward and regain confidence in the cryptocurrency industry after the FTX disaster that has been tearing apart the crypto community for …
The latest firm to feel the effects of the implosion of FTX is Genesis. The lending arm of the crypto investment bank Genesis Global Trading announced the decision to halt withdrawals and pause new loan originations and redemptions. On 16 November, the institutional crypto lender explained that it would “temporarily suspend redemptions and new loan …
Genesis Halts Withdrawals After ‘Unprecedented Market Turmoil’ Read More »
After FTX Group and its sister trading firm, Alameda Research, filed for bankruptcy in the United States and suffered a hack on its platform, a firestorm erupted throughout the whole cryptocurrency market that some in the finance industry are even comparing to the 2008 financial crisis. The sudden collapse caused major exchanges such as Kraken …
Monitoring Collateral Damage – Kraken & Crypto.com Read More »
In the wake of the FTX crisis, concerns over centralized cryptocurrency have caused investors to increasingly move to hardware crypto wallets. This move towards self-custody with software and hardware wallets spiked last week following the rumors of FTX insolvency and as exchange outflows reached all-time highs. On 14 November, even Binance CEO Changpeng “CZ” Zhao …
Over the past year and before the collapse of the massive cryptocurrency exchange FTX, which he founded, arguably no other individual had become more influential or impactful on cryptocurrency and the industry’s future than Sam Bankman-Fried. SBF identified a unique arbitrage opportunity in the Asian markets and built its empire on top of it. The …
Fears of an outcome similar to Three Arrows Capital crypto fund’s meltdown earlier this year have caused the world’s largest crypto exchange, Binance, to liquidate its entire holdings of FTT in the upcoming months. Despite being an early investor in FTX, Binance CEO Changpeng “CZ” Zhao explained that he is worried about a potential collapse …
Binance Signs LOI To Acquire FTX Crypto Exchange Read More »
Fears of an outcome similar to Three Arrows Capital crypto fund’s meltdown earlier this year have caused the world’s largest crypto exchange, Binance, to liquidate its entire holdings of FTT in the upcoming months. Despite being an early investor in FTX, Binance CEO Changpeng “CZ” Zhao explained that he is worried about a potential collapse …
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