FTX
Galaxy Digital Will Buy GK8 From Celsius; Bitcoin Miners’ FTX Contagion Exposure May Amplify Industry Pain
U.S. employers beat expectations and added 263,000 jobs in November, sending bitcoin's price below $17,000. Mike Novogratz's Galaxy Digital won an auction to buy self-custody platform GK8 from bankrupt crypto lender Celsius Network. Bitcoin miners could continue to find themselves in hot water from exposure to FTX's contagion.
La exposición de las empresas mineras de bitcoin al contagio de FTX podría perjudicar aún más a la industria
Core Scientific, Bitfarms y Genesis Digital Assets se encuentran entre las mineras que tienen una exposición directa o indirecta a las consecuencias.
Alameda Shielded FTX From Possible $1B Loss Following Client's Leveraged Trade in 2021: Financial Times
Alameda Research bore the brunt of a $1 billion loss incurred by its affiliated firm FTX after a leveraged trade on the now-bankrupt crypto exchange backfired early last year, the Financial Times reported Friday, citing people with knowledge of the matter. "The Hash" hosts discuss the latest developments from the fall of Sam Bankman-Fried's FTX-Alameda crypto empire.
Alameda Research asumió las pérdidas de hasta US$1000 millones de FTX tras el apalancamiento de un cliente en 2021
El hecho de que FTX tuviera que hacer frente a tales pérdidas en los días previos al mercado bajista de 2021 podría explicar en cierta medida su frágil posición que finalmente lo llevaría a la quiebra.
Sam Bankman-Fried's Self-Incrimination Tour
The disgraced man-child’s media apology tour may sway the underinformed. But it can only hurt Bankman-Fried where it counts – in the courtroom.
Former FTX US President Is Seeking Funds for Crypto Startup: Report
Brett Harrison is trying to raise $6 million at a $60 million company valuation, The Information reported.
Crypto Is at ‘Brick Wall Stage' and Needs ‘Right Balance’ of Regulation, Says Legal Expert
Pennsylvania State University Dickinson Law Professor Tonya Evans discusses why the ecosystem is in need of thoughtful regulation from lawmakers on Capitol Hill.
Bitcoin Miners’ FTX Contagion Exposure May Amplify Industry Pain
Core Scientific, Bitfarms and Genesis Digital Assets are among miners that have direct and indirect exposures to the fallout.
Alameda Research Shouldered FTX Loss of Up to $1B Following Client's Leveraged Trade in 2021: FT
That FTX was having to navigate such losses in the pre-bear market days of 2021 may go some way to explain its frail position that would ultimately bring about its collapse.
Analyst Explains Why Crypto Investors Are 'Demotivated' Right Now
Edward Moya, senior market analyst of the Americas at OANDA, discusses bitcoin investment activity in the wake of FTX's collapse and the wider crypto contagion. "You're not seeing a whole lot of investment come in," Moya said, adding that traders are "demotivated to get back in."
