
April 18th, 2025
Recent announcement by the lending arm of the crypto investment bank Genesis Global suggests that FTX contagion may be in full effect.
Coinbase says it has always been keenly interested in asset security and regulatory compliance.
Temasek clarified that its investment in FTX does not imply it has direct exposure to cryptocurrencies.
In the case of FTX, the tug-of-war between the US and Bahamian regulators may elongate all bankruptcy proceedings.
Binance CEO Changpeng Zhao – CZ – has, however, vehemently denied taking part in the FTX collapse, citing that his exchange is a victim of the situation.
Along with other lawmakers, US Treasury Secretary Janet Yellen also spoke about the need for “more effective oversight of cryptocurrency markets” post the collapse of the FTX exchange.
Following the Binance Pay and Coinbase Pay integration, the Trust Wallet token (TWT) price has gained over 20 percent in the past 24 hours to trade around $2.24.
The Coinbase analysis of the current market spills a very troubling outlook for Bitcoin (BTC) miners in the space.
The current prediction is that the FTX implosion is going to be accompanied by quite a lot of distress calls from companies who either used the custody service provided by the firm or rely on its DeFi and earnings product to operate.
Prior to its collapse, FTX and its sister trading firm, Alameda Research put up the front as a lender of last resort and made attempts to save the bankrupt firms in the cryptocurrency ecosystem.
Coinbase chief executive Brian Armstrong recently sold over $1.6 million in shares, according to an SEC filing.
The ex-FTX CEO Sam Bankman-Fried posted a series of incoherent and questionable Twitter posts in the wake of the exchange’s collapse.
Sources familiar with the matter said that BlockFi is struggling to continue operations amid FTX’s collapse and has also planned layoffs very soon.
The integration will make it easier for crypto-native businesses to receive payments without excluding customers that don’t use crypto.
The EU legislators want to avoid the risk associated with crypto assets that mask the senders’ and recipients’ information.