Skip to main content

Tag: Bankruptcy

FTX reboot

FTX Reboot: A Possibility or a Far-Fetched Dream?

Written on .

FTX may reopen its crypto exchange operations FTX has recovered $7.3 billion in cash and crypto assets FTX’s token more than doubled in price on the reports of a potential reboot FTX CEO John Ray first floated the idea of a possible reboot in January FTX’s Recovery FTX has recovered $7.3 billion, and the failed exchange could relaunch, lawyers say. “The situation has stabilized, and the dumpster fire is...

Bankruptcy, Exchanges, Front page, FTX, Main, News, Sam Bankman-Fried

Continue reading

Barney Frank

Barney Frank: Signature Bank’s closure was a message that “Crypto is toxic.”

Written on .

Barney Frank’s Claims An ex-congressman and the man behind the Dodd-Frank Act, Barney Frank, has said that Signature Bank was shuttered in part to attack the digital asset industry. The former lawmaker, who is also a Signature Bank board member, said that regulators targeted the bank to send an “anti-crypto message.” Third-Largest Bank Failure in U.S. History Signature Bank’s closure marks the third-largest bank failure...

Bankruptcy, Crypto regulation, Cryptocurrencies, People in crypto, Signature Bank, Silicon Valley Bank (SVB)

Continue reading

USDC depegs

USDC Stablecoin Depegs Following Silicon Valley Bank Collapse

Written on .

In brief: USDC stablecoin loses its peg to the U.S. dollar and drops as low as $0.88 following the collapse of Silicon Valley Bank. Tether maintains its peg while other stablecoins see minor drops. Circle’s $3.3 billion held at Silicon Valley Bank amounts to 8.25% of its $40 billion reserves. Frax, a decentralized stablecoin partly backed by USDC, also depreciates to $0.90. The fallout from the collapse of Silicon Valley...

$FRAX, $USDC, Bankruptcy, Front page, Main, Silicon Valley Bank (SVB), Stablecoins

Continue reading

Solana

Solana Loses 94% of Value Since Start of 2022 Due to Association with SBF and FTX

Written on .

Solana is a layer-1 blockchain network that is not controlled by a central authority and runs on its own cryptocurrency, SOL. It aims to give decentralized applications and blockchain-based projects infrastructure that is fast, safe, and scalable. Anatoly Yakovenko started Solana in 2017. Since then, it has become a popular choice among developers who want to build on a reliable and fast blockchain platform. Even though SOL is popular and...

$SOL, Bankruptcy, Front page, FTX, Main, News, NFTs, Sam Bankman-Fried

Continue reading

Binance.US - Voyager Digital

Binance.US agrees to buy the assets of Voyager Digital

Written on .

Binance.US, the US branch of the popular cryptocurrency exchange, has announced that it will buy the assets of Voyager Digital, a cryptocurrency lending platform that has been having trouble. This is a big step toward stabilizing the cryptocurrency market. The announcement, made on Monday, states that Binance.US will be purchasing Voyager’s assets for a sum of USD $1.022 billion. The move is seen as a way to help users affected by...

Bankruptcy, Cryptocurrencies, Front page, Main, News

Continue reading

Subscribe to Our Newsletter

Click here       

News

Articles

More

Resources

© Cryptopress. All rights reserved.
Contact

[email protected]

Privacy policy.