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FTX
FTX Fallout: Data Shows Long-Term Bitcoin Holders Are Selling
Investors who have held bitcoin (BTC) for six months or more have sold at least some of their coins since crypto exchange FTX collapsed, according to Glassnode. The selling is a sign of a lack of conviction among long-term holders, which could spell more trouble ahead for the price of the cryptocurrency. "All About Bitcoin" host Lawrence Lewitinn breaks down the Chart of the Day.
FTX Bahamas Liquidators Greenlight Bankruptcy Case Transfer to Delaware
Court-appointed liquidators overseeing collapsed crypto exchange FTX's assets in the Bahamas have agreed to transfer a related case they'd filed in New York to Delaware, where the company had already filed for bankruptcy protection. Wilk Auslander LLP Partner Eric Snyder discusses the significance and the legal considerations of FTX's fallout.
Bankman-Fried's FTX Empire Holds $1.2B Cash Reserves; Senators Ask Fidelity to Reconsider Bitcoin 401(k)
Sam Bankman-Fried's FTX empire has $1.2 billion in cash as of Nov. 20, far below the $3.1 billion it owes its top 50 creditors. Fidelity should reconsider allowing retail clients exposure to bitcoin in their retirement accounts in light of the FTX collapse, said three Democratic senators in a letter on Monday. Bitcoin miner Core Scientific (CORZ) ended October with $32.2 million in cash and 62 BTC ($975,000), reiterating it may run out of money before the end of the year.
FTX Creditors' Information Can Be Redacted, for Now
Delaware District Court Judge John Dorsey approved a motion on an interim basis allowing crypto exchange FTX to redact information including names and addresses on its creditor matrix during a hearing Tuesday. Wilk Auslander LLP Partner Eric Snyder discusses the latest in FTX's bankruptcy.
On-Chain Data Shows Close Ties Between FTX and Alameda Were There From the Start: Nansen
Niklas Polk, a research analyst at the analytics firm, discusses its latest report, and what on-chain data reveals about the wallets used by FTX and Alameda.
Crypto Market Analysis: Investors See Few Encouraging Signs
Relative Rotation Graphs, a visual tool to capture trends in assets, do not show many signs of hope, even for cryptocurrencies that rose significantly over the last three months.
Genesis Global Capital Has Hired Investment Bank Moelis to Explore Options Including Bankruptcy: New York Times
Separately, the CEO of Genesis' parent company disclosed that it had a roughly $575 million liability to Genesis.
FTX Bankruptcy Judge Says Creditor Information Can Be Redacted – at Least for Now
John Dorsey said Tuesday that he wants to ensure FTX’s individual creditors are protected from cyber threats.
CZ Denies Report Binance Met With Middle East Investors for Crypto Recovery Fund
Binance CEO Changpeng "CZ" Zhao has been meeting with investors in Abu Dhabi, seeking cash for the exchange's crypto recovery fund, according to a Bloomberg report. However, Zhao tweeted a reply that the report was "false" shortly after. "The Hash" panel weighs in on the latest with the FTX contagion concern and Binance's initiative to contribute to the broader crypto industry.
US Senators Ask Fidelity to Reconsider Bitcoin 401(k) Offerings Following FTX Collapse
Fidelity now allows companies to offer its digital assets account as part of their 401(k) line up.
