The Coinbase bond is trading at 50.5 cents on the dollar raising investors’ concerns of a potential likelihood of default.
Grayscale said that all of its assets are currently with Coinbase’s cold storage custodial solution and not viable for them to provide wallet addresses citing security concerns.
The U.S. House Committee will conduct a hearing next month to gauge the implications of FTX collapse over the entire crypto space.
The bank study shows that a staggering 73-81% of retail investors have likely lost money on their initial Bitcoin investment.
With the FTX crisis, Bitcoin and Ethereum holders have moved their coins off exchanges preferring self-custody.
CZ proposed that the new industry recovery fund would help at salvaging crypto projects facing liquidity crisis.
The Bahamas securities regulator is investigating the mishandling of customers’ funds by FTX exchange.
Binance said that concerns over FTX’s mishandling of customers funds forced them to call off the deal.
Amid the recent liquidity crunch at FTX, crypto exchange Binance said that they would be buying all non-U.S. entities of FTX.
The U.S. DoJ said that the hacker created multiple fraud accounts and tricked the payments processor of Silk Road to receive far more number of Bitcoins than deposited.