Gaming
Bear Market
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.
Bankruptcy
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.
Bankruptcy
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.
Bear Market
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.
Bankruptcy
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.
Bear Market
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.
Bear Market
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.
Bankruptcy
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.