Onchain Research Shows FTXâs Falling BTC, ETH, Stablecoin Balances âSuggest Cracks Had Formed as Far Back as Juneâ â Bitcoin News
[ad_1] While the analytics firm Nansen published a report that points to the Terra collapse igniting the flames of FTXâs and Alameda Researchâs financial problems, onchain data from the intelligence and research firm Glassnode suggests FTXâs âcracks had formed as far back as May-June.â Glassnodeâs report highlights a âgrowing pool of [onchain] dataâ that shows […]
Crypto Economy’s Market Cap Slides Below $800 Billion for the First Time Since December 2020 â Markets and Prices Bitcoin News
[ad_1] The global cryptocurrency market capitalization has dropped below the $800 billion region for the first time in 691 days or since December 30, 2020. Bitcoin has dipped below the $16K region dropping 5.12% over the past 24 hours, and the second leading crypto asset ethereum shed 7.61% on Monday, dropping below the $1,100 range. […]
Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value â Mining Bitcoin News
[ad_1] Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTXâs collapse. Statistics recorded this past weekend show that bitcoinâs average cost of production has been a lot higher than bitcoinâs USD […]
Bitcoin’s Mining Difficulty Taps a Lifetime High, Glassnode Says BTC Miners Remain ‘Under Immense Pressure’ â Mining Bitcoin News
[ad_1] On Sunday, Nov. 20, 2022, Bitcoinâs difficulty rise erased the recent 0.20% decline recorded two weeks ago, as the difficulty metric rose by 0.51% at block height 764,064. The increase on Sunday has pushed the difficulty rating to another all-time high, from 36.76 trillion to the current 36.95 trillion. Bitcoin Difficulty Reaches All-Time High […]
$333 Million in Bitcoin Vanished from FTX Days Before the Company Filed for Bankruptcy Protection â Bitcoin News
[ad_1] While itâs widely reported that hundreds of millions of dollars in Ethereum-based tokens were siphoned from the FTX wallet after the company filed for bankruptcy on Nov. 11, 2022, another $333 million worth of FTX-related bitcoins somehow vanished as well. At one point, FTX held $3.3 billion worth of bitcoins during its heyday, but […]
GBTC Manager Insists the âHoldings of Grayscaleâs Digital Asset Products Are Safe and Secureâ â Bitcoin News
[ad_1] On Nov. 18, 2022, at 5:47 p.m. (ET), Grayscale Investmentsâ official Twitter account shared information on the safety and security associated with Grayscaleâs digital asset products. The update from Grayscale follows the recent FTX collapse that has shaken crypto investors, and Digital Currency Groupâs (DCG) Genesis pausing the firmâs lending unit in terms of […]
People Are Still ‘Bullish’ About FTT and CEL, 2 Tokens Backed by Bankrupt Crypto Businesses â Markets and Prices Bitcoin News
[ad_1] Despite the recent collapse and the exchange filing for bankruptcy protection, crypto traders are still paying more than a U.S. dollar for FTXâs FTT token on Friday, Nov. 18, 2022. FTT was once a top-30 crypto asset, and now the token has no rank on specific coin market aggregation sites due to locked FTT […]
Terraâs $2.8B Defense System â Luna Foundation Guard Audit Says Group Spent More Than 80,000 Bitcoin Defending UST Peg â Bitcoin News
[ad_1] Months after the collapse of Terraâs U.S. dollar-pegged token UST, the organization created to protect the once-stable coin, the Luna Foundation Guard (LFG), published an audit report audited by the New York-based consultancy company JS Held. According to the report, LFG claims to have spent 80,081 bitcoin and 49.8 million stablecoins, which add up […]
Tom Brady, Gisele BĂŒndchen, Kevin O’Leary, and 9 Other Celebrities Named in FTX-Related Class-Action Lawsuit â Bitcoin News
[ad_1] Former FTX CEO Sam Bankman-Fried (SBF) and a number of celebrities including Tom Brady, Gisele BĂŒndchen, Stephen Curry, and Shaquille OâNeal have been named in a class-action lawsuit involving the alleged engagement in deceptive practices with FTX. The lawsuit was filed by the attorneys Adam Moskowitz and David Boies late Tuesday, and the suit […]
Elliptic Analysis Says $477 Million Stolen From FTX, ‘Accounts Drainer’ Becomes 35th Largest ETH Holder â Bitcoin News
[ad_1] Three days ago, on Nov. 11, 2022, it was reported that FTXâs wallets saw unusual activities and FTX Telegram channel admins stressed that FTX was âhacked.â The same day, the new FTX CEO John Ray confirmed there were âunauthorized transactions.â A report by the blockchain intelligence firm Elliptic explains that out of âmore than […]