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FTX-backed DEX Serum becomes ‘defunct’ (www.blockcast.cc)

Cryptocurrency news since the collapse of FTX earlier this month has featured more and more on the impact of the implosion on other businesses. As we reported earlier today, crypto lender BlockFi filed for bankruptcy, with FTX’s collapse the main factor behind it. And now, decentralised crypto exchange Serum – which is one of the […]

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Coinbase (COIN) slides to new low amid FTX contagion fears (www.blockcast.cc)

Coinbase (NASDAQ: COIN) fell nearly 10% on Monday as major cryptocurrencies continued to slide following the recent collapse of crypto exchange FTX.  Coinbase shares fall 10% to hit new low With contagion fears still fueling jitters among crypto investors, the COIN stock price declined to $40.61 to see Coinbase’s market cap dip to $9.26 billion. […]

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FTX hacker converts ETH into BTC as they attempt to cash loot (www.blockcast.cc)

FTX funds stolen from the bankrupt crypto exchange on 11 November have reportedly been moved, with the thief looking to convert the looted Ethereum (ETH) into Bitcoin (BTC) as part of their cash out strategy. This comes days after FTX filed for bankruptcy, with the native FTX token having dumped more than 90% in a […]

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Tucker Carlson on FTX: It was clearly a Ponzi (www.blockcast.cc)

Fox News host Tucker Carlson has slammed FTX as a scam, one that was “clearly a Ponzi”. In the latest FTX-related cryptocurrency news, Carlson says that those charged with flagging it, and doing something about it, didn’t just ignore all the red flags, but went along because it benefitted them immensely. Are you looking for […]

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Singapore’s Temasek writes off $275 million FTX investment (www.blockcast.cc)

Crypto news about FTX continue to dominate headlines, with the latest being from Temasek, a Singaporean sovereign wealth fund that says it’s written off its entire investment in bankrupt crypto exchange. The state-owned holding company, which announced this on Thursday, noted that the exposure to FTX via the investment accounted for a negligible percentage of […]

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FTX’s collapse:  Hayman Capital’s Kyle Bass says ‘there’s more to come’ (www.blockcast.cc)

FTX’s collapse is still causing reverberations across the crypto market, with the latest crypto news being Genesis’s lending business halting customer withdrawals. Kyle Bass, the founder and CIO of Texas-based asset management firm Hayman Capital Management, says FTX’s collapse could just be the beginning of even more turmoil and failures in the crypto sector. Are […]

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FTX could have over 1 million creditors, bankruptcy filing shows (www.blockcast.cc)

FTX’s creditors across its many subsidiaries could be more than 1 million, details in court documents filed on Monday suggests. Sam Bankman-Fried’s FTX and its over 100 affiliate companies filed for Chapter 11 bankruptcy last week, with SBF resigning from the CEO role. The bankruptcy process is being overseen by John J. Ray III, a […]

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FTX tried to ‘buy time’ with Voyager and BlockFi bids, Lumida CEO says (www.blockcast.cc)

FTX’s acquisition of creditors was a ploy to buy time and slow down a margin call, Ram Ahluwalia, the CEO of crypto-native investment advisor Lumida Wealth Management says. Sam Bankman-Fried’s FTX, Alameda and over 100 affiliate companies filed for bankruptcy last week, a development that shocked the crypto world and helped train the regulatory flood […]

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Alameda ‘secretly’ traded billions of FTX customer funds: Report (www.blockcast.cc)

Alameda Research, an FTX-affiliated quantitative crypto trading platform co-founded by Sam Bankman-Fried in 2017, allegedly used funds belonging to FTX users to trade, sources say. The crypto news is the latest installment in the shocking developments at FTX this past week. And as the fallout that followed revelations of FTX’s insolvency continues to unfold, CNBC […]

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BREAKING: FTX files for bankruptcy, SBF resigns as CEO (www.blockcast.cc)

FTX, until recently thought to be one of cryptocurrency’s top platforms, has announced it entered voluntary Chapter 11 Proceedings. The announcement on Friday morning is the latest chapter of a really stunning turn of fortunes for the crypto exchange, a timeline of events that have helped trigger fresh selling across the crypto market. FTX files […]

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