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The Latest Breaking News from Bitcoin

Distressed crypto exchange FTX files for bankruptcy

The trading platform had been struggling to raise billions in funds to stave off collapse after a wave of withdrawals.

Al Jazeera

FTX contagion will be ugly within crypto, but probably less damaging to the wider world

Crypto assets are infamous for being highly speculative and volatile, but it is their “debt problems” that have once again made headlines. Since November 2021, the total value of cryptocurrencies has now fallen from a peak of over US$3 trillion (£2.6 trillion) to circa US$830 billion (£706 billion).

The Conversation

FTX crypto exchange, billions of dollars low and under DOJ scrutiny, seeks bankruptcy

FTX had agreed earlier this week to sell itself to bigger rival Binance after experiencing the cryptocurrency equivalent of a bank run. The Department of Justice and the SEC are investigating.

WEKU

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This week in the metaverse: NFT prices, Capital One trademarks, and Wrangler's NFT-themed apparel

NFT collections are so far resisting headwinds from the collapse of the FTX and Binance acquisition deal after prices fell steeply in the immediate aftermath.

Fortune

How CoinFlip Bitcoin ATMs Are Onboarding New Users To Web3 Throughout The Crypto Winter

More major disappointment and failure has beset the crypto space this week.

Benzinga

Dogecoin Soars, Bitcoin, Ethereum Recover Some Ground After Inflation Data: Analyst Says 'FTX Contagion Risks Remain Elevated'

Major coins regained buoyancy late on Thursday, after crashing a day prior, in wake of soft economic data released. The global cryptocurrency market cap shot up 8.85% to $880 billion at 8:41 p.m. EST.

Benzinga

What happened to FTX and could the crisis spill over to the rest of crypto?

International exchange for crypto assets is in effect unregulated – and may have been built on sand

The Guardian - UK

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With Bitcoin, Ether And Altcoins Drowning In A Sea Of Blood, Can Investors Hope To Catch A Falling Knife?

The cryptocurrency market continued its downward trajectory on Thursday morning, reeling under the implications of a failed deal between cryptocurrency exchange Binance and its rival FTX, with prices of major digital assets, including altcoins, trading at levels not seen

Benzinga

Sam Bankman-Fried needs $4 billion. Fast.

Bankman-Fried apologized to investors and said he would be “incredibly, unbelievably grateful” if they could help out.

Fortune

Stolen Bitcoin worth £3billion found in popcorn tin in hacker's home after a decade

James Zhong stole 50,000 bitcoin from dark web marketplace, Silk Road, in 2012 and had been stashing the hidden devices in an underground safe and on a single board computer concealed in a popcorn tin.

Daily Record

Investors expect crypto turmoil to get worse

Cryptocurrency markets endured heavy losses on Thursday, with bitcoin near a two-year low as investors fretted about the fallout from the implosion of FTX, the world’s second-largest crypto exchange.

Bangkok Post

Bitcoin, Ethereum, Dogecoin Rout Deepens: Analyst Says 'Implosion Of FTX Means No One Is Safe'

Major coins plunged sharply on Wednesday evening amid a wider rout as the cryptocurrency market capitalization dropped 11.3% to $812.9 billion at 8:30 p.m. EST.

Benzinga

FTX collapse leads to questions about whether crypto exchanges are safe.

With the overnight collapse of FTX, which was viewed as the future of the crypto industry, is it safe to leave your money in crypto exchanges?

Fortune

4 tips for safely buying and selling cryptocurrency

Whether you’re looking to buy the dip or sell your crypto, here’s how to protect your wallet and your information while doing so.

Fortune

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Benzinga

Binance Drops FTX Acquisition, Cryptos Trade Deep In The Red: 'The Issues Are Beyond Our Control'

Binance walked away from a deal to acquire FTX.com Wednesday after examining the company’s financials.

Fortune

What happens to my funds if a crypto exchange collapses?

If your crypto exchange goes under, you could have a difficult time recovering your money.

Benzinga

Crypto Crash, Recession Fears Push Investors To Gold: A Look At The Commodity And This 2X Leveraged Fund

Direxion Daily Gold Miners Index Bull 2X Shares (NYSE: NUGT) was trading flat on Wednesday in consolidation after surging more than 12% on Tuesday.

Daily Mirror

Missing stolen Bitcoin worth £3billion discovered stashed away in popcorn box

In what is one of the biggest Bitcoin busts of all time, police found the stash hidden in the home of 32-year-old James Zhong, who had stored the cryptocurrency on computer devices

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The Independent UK

Cryptocurrencies slump again amid fallout from FTX sale

Bitcoin slumped to a two-year low and other digital assets sold off Wednesday following the sudden collapse of crypto exchange FTX Trading

Benzinga

Bitcoin, Ethereum, Dogecoin Crash: Analyst Says Crypto's 'White Knight' Needing Binance Rescue Causing 'Wave Of Uneasiness'

Major cryptocurrencies crashed Tuesday evening as the global cryptocurrency market cap plunged 10.4% to $916.2 billion at 8:09 p.m.

Benzinga

'Dogecoin Killer' Shiba Inu Falls Off Cliff As Crypto Sector Takes Serious Downturn: What To Watch

Shiba Inu (CRYPTO: SHIB) was plunging over 20% at one point Tuesday afternoon, in tandem with the broader crypto sector, which is seeing high levels of volatility in Bitcoin

The Independent UK

Crypto exchange Binance to buy rival FTX in apparent bailout

The cryptocurrency exchange Binance said it plans to buy its rival FTX Trading, in what appears to be a bailout of FTX

Benzinga

These 8 Massachusetts Blockchain Startups Are Changing Crypto Industry

Blockchain companies maintain a decentralized and secure record of financial transactions for cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Benzinga

Did The Bitcoin, Ethereum And Dogecoin Plunge Scare You? A Look At The Charts Ahead Of Marathon Digital Q3 Earnings

Bitcoin (CRYPTO: BTC) plunged about 5% between 9 p.m.

Fortune

It took 10 years, but Feds say they've seized 50,000 stolen Bitcoin—hidden in a popcorn tin

Since the seizure, though, the value has dropped by two-thirds.

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