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Crypto News Today Live Updates November and Latest News: (17 November 2022) The global cryptocurrency market register another decline due to the SBF’s FTX triggered collapse. The cumulative market cap is down by almost 3% over the past day.
The total crypto market cap now stands at $828.9 billion. The 24 hour trading volume has dropped by around 2% to stand at $60.78 billion.
Crypto News Today Live Updates
FTX CEO John Ray: Never Seen Such A Complete Failure
New CEO John Ray criticized Sam Bankman-Fried and his management style amid the latest court filing.
“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information.”
Binance, OKX Halt Solana USDT, USDC Deposits
Crypto exchanges Binance and OKX announced temporary suspension of USDC (SOL) and USDT (SOL) deposits.
Uniswap Reportedly Down
Uniswap has been reportedly down for hours. WuBlockchain reported that Uniswap’s discord mod said that all users were unable to access the Uniswap web app. It is an ongoing issue.
Binance US To Submit Bid On Voyager
Binance.US is preparing to bid for bankrupt lending platform Voyager Digital. Last week, Voyager announced reopening the bidding process after FTX filed for bankruptcy.
Alameda Research Withdraws Another 60 Million USDT from Circle
FTX’s sister trading firm Alameda Research transferred another 60 million USDC from Circle. It has now withdrawn nearly 115 million USDC stablecoins from Circle in the last two days.
SBF Likely To Testify In Front Of GOP House
Reports suggest that the group of representatives is planning to launch a hearing of Sam Bankman-Fried (SBF) over the FTX crash.
The hearing will focus on the SBF meeting with the SEC chair, Gary Gensler to create a crypto exchange.
SBF Chat Leak: Ex-CEO Regrets Bankruptcy
In an interview published by Vox, Sam Bankman-Fried (SBF) regrets his decision to file for bankruptcy. In a leaked chat, it can be seen that SBF is criticizing regulators. He mentioned “f*** regulators” and “They don’t protect customers at all”.
Bitcoin Price Down By 2%
Bitcoin price dropped by more than 2% in the last 24 hours. BTC is trading at an average price of $16,560.54, at the press time. Its 24 hour trading volume has also dropped by 3.8% to stand at $33.7 billion.
Crypto Market Declines By 3%
The global cryptocurrency market register another decline due to the SBF’s FTX triggered collapse. The cumulative market cap is down by almost 3% over the past day.
The total crypto market cap now stands at $828.9 billion. The 24 hour trading volume has dropped by around 2% to stand at $60.78 billion.
