Kraken Exchange has announced that accounts belonging to FTX, Alameda Research, and their executives have been frozen after FTX filed for bankruptcy protection in the United States. The decision also arrives after an unknown hacker drained the now-bankrupt exchange of $600 million (roughly Rs. 4,885 crore) worth of tokens, a portion of which was moved through the Krak…

FTX collapsed last week, with the crypto exchange declaring bankruptcy on Friday. The failure of the platform has undermined investor confidence and threatened the young cryptocurrency sector, and big players are now fighting back. The bankruptcy of FTX, which even in early November was still considered one of the most reliable platforms, is a reminder to investors of…

FTX, once one of the biggest crypto exchanges in the world, collapsed last week as the firm filed for bankruptcy. Crypto firms may be exposed to FTX by having held tokens on the exchange or by owning its native token, FTT, which plunged around 94 percent last week. Here are some of the firms that have disclosed their exposure to the now-bankrupt crypto exchange.

Nike is launching a new Web3 platform called ‘.Swoosh’ via which it will allow people to buy, sell, and trade NFTs based on shoes and apparel. Nike intends to let people use its digital collectibles as wearables in digital games and ‘other immersive experiences’. The collection is expected to go live in January 2023.

Michael Barr, the US Federal Reserve’s vice chair for supervision, on Monday urged the US Congress to pass legislation to regulate cryptocurrencies. The regulator’s comments come after FTX, the third-largest cryptocurrency exchange, formerly led by Sam Bankman-Fried, filed for bankruptcy Friday, sending ripples throughout the crypto world.

The collapse of FTX, once one of the largest crypto exchanges in the world, has prompted calls regulation of the crypto sector. Meanwhile, Binance CEO Changpeng Zhao, has called for more regulatory clarity after a week of crypto market chaos and a year in which investors are estimated to have lost $2 trillion (roughly Rs. 1,62,18,000 crore), and even Bitcoin, the most…

Three out of four Bitcoin investors have lost money, according to a study by economists at the Bank of International Settlements, an institution widely considered as the central banks of central banks, based on data on investors in cryptocurrencies in 95 countries between 2015 and 2022. The number of people using smartphone apps allowing one to purchase and sell crypt…

The global crypto price charts reflected more gains than losses on November 15. Along with Bitcoin and Ether — Polkadot, Polygon, and Solana all recorded profits. Despite these profits, however, the crypto market has not touched the trillion dollars valuation.

FTX founder and former CEO Sam Bankman-Fried stated in an interview on Monday that he failed to see the warning signs ahead of the collapse of one of the largest crypto exchanges in the world. After it declared bankruptcy last week, the firm is said to be facing probes from the US Justice Department, the SEC, and the CFTC, into how the exchange handled customer funds.

Curve payments company is looking to purchase over than 87,000 credit card customers from BlockFi crypto lender whose credit cards have been suspended this November. If Curve’s acquisition deal comes through, it will continue to allow users to earn crypto awards. The company has also said that the users will not be ported to yet another centrally held exchange.