Bankruptcies, shrinking profit margins and traders realizing hefty losses are all signs of capitulation from various market participants.
Bitcoin News
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The FTX saga has made some crypto executives, researchers, analysts, and politicians more aligned on regulation than ever.
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The Australian mining firm has had to unplug hardware that was producing “insufficient cash flow” to service its “debt financing obligations.”
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The provisional liquidator overseeing the FTX Digital Markets bankruptcy proceedings says FTX wasn’t authorized to file for bankruptcy in the U.S without his approval.
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Further losses come in step with confusion over the future of FTX under Binance, while CPI data looms on the horizon.
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CZ took to Twitter on Nov. 8 sharing “two big lessons” that crypto companies should learn amid the downfall of crypto exchange FTX.
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Bitcoin NewsBlockchain News
Bitcoin could become the foundation of DeFi with more single-sided liquidity pools
More options for single-sided Bitcoin staking could lead to a consolidation of decentralized exchange aggregators — meaning improved liquidity for users.
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Saying ‘not financial advice’ won’t keep you out of jail: Crypto lawyers
Australian and U.S. digital asset lawyers told Cointelegraph that by and large, the words on their own as “pretty useless.”
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South African grocery giant ‘Pick n Pay’ intends to accept Bitcoin in all stores nationwide
The company said it will allow customers to pay with any bitcoin lightning-enabled app and QR codes for speedy payments.
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Bitcoin NewsBlockchain News
Lightning Network releases emergency update after critical bug on LND nodes
The bug led LND nodes to fail to sync chain in the second critical bug in less than a month.