Soumen Datta

Gemini formed an ad hoc committee to advocate for a solution for Earn users amid suspension of withdrawals

There have been ongoing discussions between Genesis, it's parent company Digital Currency Group Inc. (DCG) and DCG CEO Barry Silbert to find a resolution

Adoption

Over 66% of the total Bitcoin supply hasn’t moved in the last one year, setting a record

The amount of bitcoin that has not been moved out of wallets over a given period determines bitcoin's illiquid supply.

SBF had detailed info on Alameda’s finances as recently as March, Forbes reveals

Bankman-Fried has sent Forbes documents showing his ownership stakes in Alameda (90%) and FTX (around half) and screenshots of wallets holding cryptocurrencies in January 2021.

FTX Japan to unfreeze withdrawals of client funds

The new FTX trading management team has approved the plan to resume withdrawal services, the Japanese subsidiary announced on Thursday.

Banking

SilverGate CEO says “This type of volatility is not new to us,” as crypto market continues to struggle

The current financial conditions are challenging for all financial markets, including Bitcoin, according to SilverGate CEO Alan Lane

Adoption

Telegram to build non-custodial wallets and decentralized exchanges, says CEO Pavel Durov

CEO Pavel Durov said Telegram would launch a range of decentralized cryptocurrency products, including a decentralized exchange and a non-custodial wallet.

Upbit’s parent company Dunamu sees profit drop 76% in Q3

Dunamu recorded sales of about $204 million, an operating profit of $125.5 million, and a net profit of $120 million in Q3.

Adoption

Kiln acquires €17M via funding round; aims to expand staking services

The prominent firm, through the funds, intends to enhance its market outreach to broad users, as revealed in a press release shared with CryptoSlate.

BlockFi becomes another victim of the FTX collapse with bankruptcy filing

BlockFi files for Chapter 11 bankruptcy protection and would seek to recover all obligations owed by its counterparties, including FTX.

Gemini down due to Amazon Web Services EBS outage; exchange working on restoring functions

The exchange has maintained on its status page that wire transfers are affected, but funds are secure.

FTX hacker is now one of the largest ETH holders

The hacker exchanged around 3.9 million BSC-USD for 5,564.83 Ethereum via the Celer Network and cBridge and Stargate Finance.

FTX’s ex-CEO Sam Bankman Fried claims Alameda had more assets than liabilities just a few days before bankruptcy filing

Sam Bankman-Fried maintains that FTX US had enough money to repay all customers as of Nov. 7.