BlockFi has paused withdrawals and customer deposits.
Crypto Bank Silvergate Bucks Market Rally as FTX Exposure Is Questioned
Silvergate shares were down about 7% while other crypto-linked stocks rallied Tuesday.
USDC Stablecoin Issuer Circle Says Businesses Can Accept Apple Pay
The addition will help crypto businesses by making it easier to take payments, the company said.
Cathie Woods’ ARK Buys 315K Shares in Grayscale’s Bitcoin Trust
Ark Invest also bought Coinbase during the stock’s drop amid the FTX fallout.
GameStop to End FTX.US Ties, Refund Customers
GameStop customers who have FTX gift cards will be given refunds.
US-Listed Crypto Trading Platforms Coinbase, Bakkt Gain After FTX Bankruptcy Filing
Investors appear to be favoring more regulated and transparent platforms.
Digital Currency Group aporta US$140M a la empresa de trading Genesis
Genesis informó que su negocio de derivados actualmente tiene alrededor de US$175 millones en fondos bloqueados en su cuenta de trading de FTX.
Crypto Investment Firm DCG Gives $140M Equity Infusion to Trading Firm Genesis
Genesis reported earlier that its derivatives business currently has about $175 million in locked funds in its FTX trading account.
Scaramucci Says Investment Firm SkyBridge Is Exploring Buying Back Equity From FTX
FTX Ventures had a 30% stake in Anthony Scaramucci’s SkyBridge Capital.
Coinbase Sheds Roughly 60 Jobs as Cost-Cutting Continues Amid Bear Market
Coinbase called the latest reductions “isolated and targeted.”
Cathie Woods’ ARK Buys 238K More Shares in Coinbase Exchange Amid Crypto Rout
ARK’s ETFs purchased over 400,000 shares in Coinbase prior to Wednesday’s update.
Crypto Stocks Continue Drop as Binance Walks Away from FTX Deal
Concerns around FTX’s health along with the broader crypto ecosystem spilled into the stock market Wednesday.
Crypto Bank Silvergate’s Stock Defended By Analysts Amidst FTX Concerns
Silvergate shares have fallen this week on broader crypto market worries, including the fact that FTX is a customer of theirs.
Bitcoin, Crypto-Linked Equities Bounce as Binance/FTX Deal Stems Panic; Analysts Weigh In
Crypto stocks including Coinbase and MicroStrategy fell as traders assess potential contagion from Alameda’s balance sheet.
Coinbase’s Weak Third Quarter May Not be the Bottom: Wall Street
Coinbase Global said that interest income from USDC gave them a boost while trading on the platform continued to weaken.
Jack Dorsey’s Block Sees Drop in Bitcoin Revenue as Consumer Demand, Crypto Prices Slump
Block cited declines in consumer demand and the price of bitcoin for its bitcoin-based revenue decline.
Bitcoin Miner Iris Energy Defended at Compass Point After Equipment Financing Woes
Iris Energy said this week that some of its mining equipment aren’t producing enough cash to meet its financing obligations.
Goldman Teams With MSCI and Coin Metrics to Create Digital Asset Classification System
The new system will be called Datanomy, and seeks to give crypto participants a standardized way to view and analyze the digital assets ecosystem.
Coinbase’s Interest Income May Be Bright Spot Amid Challenging Third Quarter
Trading volumes likely remained soft again, but analysts are on the lookout for how much interest income Coinbase can earn, particularly from stablecoins.
MoneyGram Debuts Crypto Purchases on Mobile App
MoneyGram customers will be able to store and transfer Bitcoin, Ethereum, and Litecoin until further expansion.