After making fruitless attempts to raise $8 billion in financing, FTX.com has started Chapter 11 bankruptcy proceedings. A recent announcement from the company states that FTX US, Alameda Research, and 130 other related organizations will participate in the bankruptcy process. Sam Bankman-Fried Steps Down as FTX CEO Sam Bankman-Fried, the FTX Group’s CEO, has resigned, […]
The total value locked (TVL) for the DeFi market has dropped significantly, reaching a 20-month low. This is coming as the cryptocurrency market bleeds following the FTX collapse. Over the past 24 hours, the DeFi market’s total value locked (TVL) has decreased by over 10%. The TVL now stands at $44.36 billion, which was last […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingFTSE 100 (UKX) price is in an upward correction as it struggles below level 7100. Since October 21, UKX has been trading between the moving average lines. On the plus side, if buyers keep the price above the 50-day line SMA, […]
The crypto market had a significant crash, but some assets are now showing signs of recovery. In the most recent bullish movement, Ethereum (ETH) rocketed up by 14% while Bitcoin (BTC) increased by 5% to retake the $20K region. In the most recent bullish movement, Ethereum rocketed up to 14% while Bitcoin (BTC) increased 5% […]
The UK Financial Conduct Authority (FCA) published a warning on Friday directed at crypto exchange FTX, alleging that the exchange was providing financial services without authorization from the agency. The regulatory watchdog revealed that giant cryptocurrency exchange FTX was not authorized in the UK but is offering services to resident investors. According to dictates, companies […]
