Crypto.com Reveals Partial Proof Of Reserves To Dispel Insolvency Rumors

As per the data shared, Bitcoin accounts for 30.67% of the total reserves, while Ether is 17.32%. Another 19.77% of reserves are held in DOGE-inspired SHIB cryptocurrency. Only 11.99% of the reserves are held in stablecoins like USDC and USDT.

Breaking: FTX Files For Bankruptcy

Tron founder Justin Sun, stepped in to acquire FTX and said on live TV that an acquisition is possible. But as per a recent filing shared by FTX exchange it seems all efforts have gone in vain and exchange is finally winding up.

Anthony Scaramucci Comments On FTX Situation

The Skybridge Capital founder said FTX decline made it the worst week in crypto history. On a positive note, he said that crypto is a great technology for transactions and that it would eventually adopted. “When products are better, they get adopted.”

Can SBF’s Political Lobby Rescue FTX?

Sam Bankman-Fried (SBF), CEO of FTX Trading Limited has been allegedly personally lobbying in Washington, D.C over the past year.

Ron Hammond, Director of Government Relations at Blockchain Associations has shared some insights from SBF’s attempt to gain regulatory benefits.

Crypto News Live: FTX's Future Fund Team Quits

The team behind FTX Future Fund, a project of the FTX Foundation, resigned on Thursday in an open letter, posted to Twitter by journalist Teddy Schleifer.

It was immensely saddened to learn of the recent events at FTX. While expressing concerns over the affected customers at FTX, the team decided to resign, the team said in its recent blog post.

Tron Founder Justin Sun May Acquire FTX

Tron founder Justin Sun in a Bloomberg interview on Friday said the due diligence over the potential acquisition of FTX is still pending, but the acquisition is most likely.

Bitcoin Price Risks Falling, Suggests On-Chain Data

Bitcoin mid-term holders are selling their BTC, sending their 3-6 months BTC holdings to crypto exchanges.

Bahamas Securities Regulator Freezes FTX’s Assets

The Securities regulators in the Bahamas decided to freeze the assets of FTX.com.

In a statement on Tuesday, the Bahamas Securities Commission said that the decision to freeze FTX Digital Markets was “the prudent course of action”.

Crypto News Live: FTX Token Price Jumps By 40%

FTX’s FTT token price has jumped by 40% to recover from the recent dump. FTX is trading at an average price of $3.2, at the press time. Its 24 hour trading volume is down by 15% to stand at $943 million.

Crypto News Live: Crypto Market Recovers By 3%

The global digital asset market registered a broad recovery after declining for three consecutive days. The cumulative market cap is by around 3% to stand at $857 billion.

The 24 hour trading volume has jumped by a whopping 26% to stand at $139.92 billion.