FTX Aims to Sell $3.4 Billion in Bitcoin, Ether, SOL
Cryptocurrency prices decline amid worries that FTX may sell $3.4 billion in assets to repay creditors, with Bitcoin, Ethereum, and other major tokens experiencing losses. Key Points Cryptocurrencies experienced a significant decline on Monday amid concerns over potential selling pressure from digital asset exchange FTX. Investors are wary that FTX may receive regulatory approval to sell its $3.4 billion worth of …
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NYSE Delists Crypto Banking Giant Silvergate
The New York Stock Exchange has finally delisted Silveragte, a well-known bank in the cryptocurrency sector. Earlier, Silvergate had declared its intention to wind up its operations and banking services. This decision came after the downfall of FTX, a crypto exchange, which prompted Silvergate to assess its capability to keep functioning. Silvergate has been one of the leading two banks …
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Bahamas Proposes Robust Crypto Regulations Following FTX Fiasco
The Bahamas has put forward a set of more comprehensive regulations for cryptocurrencies following the recent FTX incident. The event revolved around FTX, a digital currency exchange, and a group of traders who took advantage of a system vulnerability to earn millions of dollars in profits. By artificially inflating and then crashing the price of the SOL token, these traders …
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