Binance Deals With ‘Stress Test’ as Crypto Market Leverage Drops, FTX Founder is Charged December 19, 2022 Data from CryptoCompare shows that the price of Bitcoin started this past week moving up steadily from around $17,000 to a high above the $18,000 mark, before it quickly collapsed and dropped to $16,500. Ethereum’s ether, the second-largest cryptocurrency by market cap, traded in a similar way, seeing a high of $1,350 after starting the [...]
Goldman Sachs eyes bargain crypto firms as contagion spreads December 12, 2022 Data from CryptoCompare shows the price of Bitcoin traded sideways throughout this past week, dropping from around $17,300 to $17,000.
Crypto DeFi platforms reduce risk as Fidelity, Brazil and Stripe help push adoption December 5, 2022 CryptoCompare data shows the price of Bitcoin moved up steadily throughout this past week, from $16,000 to around $17,300.
Crypto industry recovery fund tops $2 billion as investor allocations grow November 28, 2022 Data from CryptoCompare shows that the price of Bitcoin started last week around the $16,000 mark and quickly plunged to $15,500.
Centralised exchanges see record Bitcoin outflows as FTX contagion spreads November 21, 2022 CryptoCompare's Francisco Memoria looks over the last seven days in cryptocurrency to see what's driving the markets.
Crypto collapse: FTX launches review of assets and seeks court relief to pay key vendors November 21, 2022 Collapsed crypto exchange FTX said it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some of its businesses, just a week after it filed for bankruptcy. FTX said the review of its global assets would “begin to maximize recoverable value for stakeholders”. In a filing this [...]
Crypto exchanges commit to ‘proof of reserves’ in wake of FTX bankruptcy November 14, 2022 Data from CryptoCompare shows the price of Bitcoin plunged over the past week, going from around $20,000 to a low under the $16,000 mark.
FTX collapse may be ‘best thing ever to happen to crypto’, argues Scotcoin chief November 14, 2022 As the crypto space is rocked by the aftermath of last week’s FTX collapse, exchanges are rushing to calm investors’ fears. FTX and Alameda have now filed for chapter 11 in the United States – and about time, according to Temple Melville, the CEO of the Scotcoin Project Community Interest Company. He told City A.M. [...]
Financial Markets Wrap-Up November 11, 2022 | City Talk Well, were at the end of another interesting week of trading. We started the week with some poor Chinese trade data, coupled with a back track on rumours from the previous week that covid restrictions would be loosened which kicked us off with a slightly negative start but the action for the week was never [...]
Markets absorb disappointing earnings as crypto uncertainty knocks sentiment November 10, 2022 Having come off the back of three days of losses the US dollar rebounded strongly yesterday as markets absorbed further disappointing earnings numbers, and cryptocurrency exchange Binance backed out of the FTX takeover, due to an $8bn shortfall, prompting a rout in cryptocurrencies in the process. This jittery market backdrop prompted a sharp selloff in [...]