FTX and TRON Have Launched a Highly Suspicious Withdrawal Scheme

Key Takeaways FTX is enabling its users to withdraw their funds, but only if they buy select tokens from the TRON network. These tokens—TRX, BTT, JST, SUN, and HT—are trading at a... Read more »

FTX seeks bailout to shore up liquidity; 60K BTC withdrawn from exchanges

The biggest news in the cryptoverse for Nov. 10 includes SBF planning to raise funds to bailout FTX and make users whole, SEC chairman Gary Gensler advocating for more investor protection following... Read more »

US Senator Says Crypto Needs ‘More Aggressive Enforcement’ — ‘I’m Going to Keep Pushing SEC to Enforce the Law’

U.S. Senator Elizabeth Warren says the implosion of crypto exchange FTX shows that the crypto industry needs “more aggressive enforcement.” She stressed: “I’m going to keep pushing SEC to enforce the law... Read more »

Why is the crypto market up today?

Bitcoin (BTC) has jumped up 5% on Nov. 10, and confidence is returning over the global macro outlook and the news that FTX began partially opening withdrawals for users. Crypto and equities... Read more »

Crypto’s Volatile Week Continues as Inflation Softens to 7.7%

Key Takeaways Inflation has registered a 7.7% year-on-year increase in October. The figure is 0.2% less than the analyst expectation of a 7.9% increase. The crypto market has bounced on the news,... Read more »

Hydro-Québec Looks to Suspend Power Distribution to Crypto Miners in Bid to Save Capacity

According to a Hydro-Québec newsroom report, the company has asked the electricity transmission and distribution regulator, Régie de l’énergie, to cease offering services to crypto miners. The Hydro-Québec report stresses that “growth... Read more »

Bitcoin options data shows sub-$17K BTC price gives bears a $200M payday on Friday

Bitcoin (BTC) crashed below $16,000 on Nov. 9, driving the price to its lowest level in two years. The 2-day correction totaled a 27% downtrend and wiped out $352 million worth of... Read more »

M2 money supply could be a better measure of inflation than CPI

When markets turn red and inflation starts soaring, both regulators and consumers turn to CPI as a gauge for the damage done by soaring prices but in the chaos that ensues as... Read more »

FTX Is Bust and Crypto Is Plummeting. What Happens Next?

Key Takeaways Binance has signaled that it plans to acquire FTX as the younger exchange battles a “liquidity crunch.” Crypto prices are plummeting in the fallout from the bombshell announcement. FTX’s demise... Read more »

Queen Maxima of Netherlands Sees Multiple Benefits of Digital Euro

Queen Maxima of the Netherlands has outlined multiple benefits central bank digital currencies (CBDCs) could bring, particularly in the area of financial inclusion. “Governments could use a digital euro to channel financial... Read more »