Crypto industry recovery fund tops $2 billion as investor allocations grow Market View 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 Market View 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 ouch 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 [...]
FTX plunges following Binance bailout November 8, 2022 FTX coin plunged as much as 75 per cent this evening after crypto exchange Binance struck a dramatic deal to snap up its beleaguered rival. FTX, led by billionaire chief Sam Bankman-Fried, had been locked in a high-profile spat with Binance boss Changpeng Zhao in recent days, which had sparked an investor exodus from FTX. [...]
Crypto market volatility plunges amid widespread accumulation phase November 7, 2022 Data from CryptoCompare shows that the price of Bitcoin moved up slightly over the past week.
Mastercard to help banks offer crypto trading as Ethereum blocks compliance grows October 24, 2022 Data from CryptoCompare shows that the price of Bitcoin endured a steep sell-off over the past week, dropping from around $19,600 to an $18,800 low.