Cryptocurrencies News

LONDON (Reuters) – FTX filed for U.S. bankruptcy proceedings on Friday, capping a week of turmoil for one of the world’s largest cryptocurrency exchanges.

(Reuters) – Coinbase Global Inc will write off the investment its ventures arm made in cryptocurrency exchange FTX in 2021, according to a person familiar with the matter.

(Reuters) – Crypto exchange FTX filed for U.S. bankruptcy on Friday and Sam Bankman-Fried stepped down as CEO, after a liquidity crisis that has prompted intervention from regulators around the world.

(Reuters) – Sam Bankman-Fried on Friday resigned from his role as chief executive of FTX and the crypto exchange said it will initiate bankruptcy proceedings in the United States, capping off a tumultuous week for the industry.

Importantly, FTX US has also filed for Chapter 11 protection.

(Reuters) – Cryptocurrency exchange FTX stood on the brink of failure on Thursday after a bailout from larger rival Binance collapsed. Chief executive Sam Bankman-Fried said he was exploring all options for his firm.

(Reuters) – Shares of cryptocurrency and blockchain-related firms dropped on Friday after FTX, one of the biggest crypto exchanges, said it would initiate bankruptcy proceedings in the United States, triggering a potentially massive meltdown in the industry.

(Reuters) – SkyBridge Capital is working to buy back its stake from embattled crypto exchange FTX, the alternative investment firm’s founder Anthony Scaramucci said in an interview with CNBC on Friday.

(Reuters) – Justin Sun, founder of the crypto token Tron, said he was prepared to provide FTX with billions in aid, according to a tweet by a Bloomberg News reporter on Friday.

WASHINGTON (Reuters) – U.S. Senate Banking Committee Chair Sherrod Brown said on Thursday it is critical that U.S. financial agencies investigate what led to cryptocurrency exchange FTX’s collapse and he pledged to take steps to ensure the stability of American markets.

By Georgina Lee and Tom Westbrook HONG KONG/SINGAPORE (Reuters) – Cryptocurrency markets nursed heavy losses on Thursday, with bitcoin pinned near a two-year low as investors fretted about the fallout from the implosion of crypto exchange FTX.

SAO PAULO (Reuters) – The Mercedes Formula One team said on Thursday they were keeping the branding of troubled cryptocurrency exchange FTX on their cars at this weekend’s Sao Paulo Grand Prix in Brazil while watching developments.

(Reuters) – The Securities Commission Of the Bahamas said on Thursday it had frozen assets of FTX Digital Markets, a subsidiary of the cryptocurrency exchange.

(Reuters) – U.S. cryptocurrency broker Genesis Trading disclosed its derivatives business has approximately $175 million in locked funds on FTX, the company said Thursday in a Twitter post.

WASHINGTON (Reuters) – Cryptocurrencies risk harming everyday Americans without proper oversight and latest news involving crypto underscores these concerns, White House press secretary Karine Jean-Pierre said on Thursday.

TORONTO (Reuters) – The Ontario Teachers Pension Plan (OTPP) said on Thursday it had invested a total of $95 million to the troubled cryptocurrency exchange FTX and any financial loss from the exposure will have limited impact on the pension plan.

(This story contains language some readers may find offensive in paragraph 2)

By Gertrude Chavez-Dreyfuss and Elizabeth Howcroft

By Rae Wee SINGAPORE (Reuters) – The dollar regained its footing on Thursday ahead of key U.S. inflation data due later in the day, while cryptocurrencies were fragile after a bailout deal for exchange FTX by its bigger rival Binance collapsed.

(Reuters) – Justin Sun’s Tron is focused on enabling the withdrawal of its tokens from FTX but is open to talks about other rescue plans for the struggling cryptocurrency exchange, a spokesperson said on Thursday.