Artem Galunov
Sam Bankman-Fried apologized for the collapse of the FTX, the co-founder of the “finish” was detained in the UAE, Chanpen Zhao called the most important requirements for the crypto-rope and other events of the outgoing week.
The Cardano blockchain will launch Stebblecoin tied to the US dollar
Emurgo, standing behind the development of the Cardano ecosystem, has announced USDA Steabelcoin, tied to the US dollar,. The launch of the tool on the main network is scheduled for the first quarter of 2023.
Brad Garlinghaus: Ripple will consider the possibility of buying FTX assets
Ripple will study the possibility of buying FTX cryptocurrency exchange assets. The company is interested in the company-oriented business clients, said CEO Brad Garlinghaus.
Vitalik Buterin suggested using ZK-Snarks to check the balance sheets
Ethereum founder Vitalik Buterin proposed using ZK-Snarks to verify data on cryptocurrency exchanges reserves. In his opinion, the technology will make the Proof-OF-RESERVE (Por) procedure more efficient.
Vestnik Defi: FTX collapse led to an increase in the popularity of DEX, and 1inch Network updated the protocol of the liquidity aggregator
The decentralized finance sector (Defi) continues to attract increased attention of cryptocurrency investors. FORKLOG collected the most important events and news of the last weeks in digest.
The Canadian Pension Fund will write off the investment in FTX $ 95 million
One of the largest pension funds of Canada – Ontario Teachers ’Pension Plan (OTPP) – will write off investments in the FTX cryptocurrency exchange and the American unit of the FTX US platform. The structure estimated the total losses at $ 95 million.
WSJ: Sam Bankman-Fried sold FTX shares for $ 300 million during the collection of funds in 2021
FTX founder Sam Bankman-Frida sold $ 300 million in the company for ransom of shares belonging to Binance. About this writes The Wall Street Journal with reference to the financial documents of the exchange.
Jump Crypto refuted rumors about problems due to ftx collapse
Jump Crypto, the venture division of Jump Trading Group, refuted rumors about closing due to FTX collapse.
Binance has stopped deposits in USDT and USDC on the SOLANA blockchain
Binance cryptocurrency exchange temporarily stopped deposits in Tether (USDT) and USDC (USDC) stabber. The company did not explain the reason for the decision.
Singapursky Temasek Holdings attributed investments in FTX by $ 275 million
Singapore Temasek Holdings wrote off investments in the FTX cryptocurrency exchange and the American unit of the FTX US platform. The holding estimated the total losses at $ 275 million.
Report: Ukrainian Web3 startups attracted $ 1 billion in four years
Since 2017, more than 80 Web3 startups have been launched in Ukraine, which together attracted about $ 1 billion investments over the past four years. This is stated in the report of the Hypra venture fund.
Reuters: American investors filed a group lawsuit against Sam Bankman-Fried
A group of American investors filed a lawsuit against the former head of the FTX cryptocurrency exchange Sam Bankman-Fried. Reuters writes about this with reference to court documents.
Bankman-Fried revealed information about the value of the assets of FTX and AlaMeda Research
The aggregate net value of the FTX and ALAMEDA Research assets is estimated at $ 1 billion – the obligations are $ 8 billion. This was stated by the ex-head of the cryptocurrency exchange Sam Bankman-Frid.
WSJ: Blockfi cryptolending platform will submit bankruptcy proceedings
Blockfi cryptolending platform is preparing to apply for insolvency in accordance with Chapter 11 of the US Code of Bankruptcy. About this writes The Wall Street Journal with reference to aware sources.
Results of the week: FTX filed for bankruptcy, and the head of Binance warned of the “cascading” crisis
FTX Group filed a bankruptcy statement, Sam Bankman-Fried resigned, Chanpen Zhao warned of the “cascading” crisis in the crypto industry and other events of the outgoing week.
Crypto.COM has returned 320,000 ETH, erroneously transferred to Gate address.Io
Crypto cryptocurrency platform.COM has returned 320,000 ETH (~ $ 396 million at the rate at the time of writing), which were mistakenly transferred to the address of the Gate exchange address.Io. This was announced by the head of the company Chris Marshak.
Binance resumed deposits in ftt tokens
Binance cryptocurrency exchange stopped deposits in the ftx (FTT) Utiles after the release of a large batch of asset outside the unlock schedule.
Huobi revealed information about reserves. The exchange holds assets of $ 3.5 billion
Huobi cryptocurrency exchange shared information about the balance of hot and cold wallets. The estimated cost of the platform reserves amounted to $ 3.5 billion.
Bankman Fried: FTX assets exceeds customer deposits
The value of FTX assets exceeds the obligations to customers, and the liquidity crisis has not affected the American division of the cryptocurrency exchange. This was told by the head of the company Sam Bankman-Frid.
Bitcoin returned to marks above $ 17,000 amid the publication of inflation data in the United States
Against the backdrop of the publication of the US Federal Statistics Department of Labor Statistics (BLS), Bitcoin quotation inflation increased by 6%, returning to marks above $ 17,000. Ethereum price overcame $ 1200.
Binance revealed information about the cryptocurrency reserves of the exchange
A page with a list of cryptocurrency reserves of the exchange has appeared on the Binance website. The company did not make an official announcement, so the list of assets may be incomplete.
Bitcoin tested the marks below $ 16,000, Ethereum failed $ 1100
On the night of November 10, bitcoin quotes fell below $ 15,600 (on the Binance exchange). Ethereum price has broken down $ 1100.
Binance refused to buy ftx. Justin San said to help find a “solution”
Binance cryptocurrency exchange refused to absorb ftx. The company said they could not solve the problems that have arisen from the platform.
Results of the week: Bitcoin was fixed above $ 21,000, and the head of Binance commented on possible restrictions for Russians
Bitcoin quotes broke $ 21,000, Deribit was hacked by $ 28 million, Chanpen Zhao commented on possible restrictions for Russians and other events of the outgoing week.
Vitalik Buterin introduced an updated Ethereum Road Map
Vitalik Buterin published an updated Ethereum roadmar. The project team intends to solve “MEV problems” and fully integrate ZK-Snark technology into blockchain.
Report: Many onchain-metrics indicated the bottom of the market cycle
Many onchain metrics, including the Pewella animator, Rhodl Ratio and Reserve Risk, signal the deep reserves of bitcoin and the likely achievement of the bottom of the bear phase of the market. This is stated in the analytical report for FORKLOG for October.
Google Cloud’s cloud platform will become a SOLANA blockchain validator
The Google Cloud cloud platform will launch a node on the SOLANA network and add blockchain support to the service for Web3 developers Blockchain Node Engine.
Fidelity will open to retail customers access to investment in Bitcoin and Ethereum
Fidelity Investments investment giant opened a waiting list for Fidelity Crypto -oriented customers.
FTM token grew by 20% amid rumors about the return of Andre Kronya to Fantom Foundation
Against the backdrop of rumors about the return of Fantom, the host of the Fantom Defi-developer, Andre Kronya in Fantom Foundation, the price of a guide token FTM increased by almost 20%.
Hetzner provider has blocked access to servers with SOLANA NODS
The large German hosting provider Hetzner blocked access to servers with NODS SOLANA. The validators said they received letters demanding to remove relevant software to continue work.
Robinhood income from cryptocurrencies decreased by 12%
In the III quarter of 2022, the income of the Robinhood online Broker from the operations associated with digital assets decreased by 12%, to $ 51 million. The company reported this in the report published on November 2.
The Fed has increased the key rate. Bitcoin reacted with a weak decrease
On Wednesday, November 2, the US Federal Reserve (Fed) increased the range of the key rate by 75 basic points – up to 3.75–4% per annum.
Results of the week: Bitcoin struck $ 20,000, and Ilon Musk closed the purchase of Twitter
Bitcoin quotes pierced the level of $ 20,000, Elon Musk closed the Twitter purchase deal, the Telegram team launched the Fragment platform for the sale of user names and other events of the outgoing week.
Charles Hoskinson suggested transferring Dogecoin to the Cardano blockchain
The founder of Cardano Charles Hoskinson admitted that after buying Twitter, Ilon Musk Dogecoin (DOGE), they can integrate with the social platform, and proposed to transfer the meme into the ecosystem of his project.
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