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Weekly News

Australian firm raises $28M to expand Bitcoin mining capabilities

  • Post author:admin
  • Post published:November 18, 2022
  • Post category:Weekly overview

The Sydney-based Arkon Energy secured $28 million in a recent funding round to expand its renewable energy Bitcoin mining operations despite the volatile market. The turbulent climate of the crypto industry…

Continue ReadingAustralian firm raises $28M to expand Bitcoin mining capabilities

SBF received $1B in personal loans from Alameda: FTX bankruptcy filing

  • Post author:admin
  • Post published:November 18, 2022
  • Post category:Weekly overview

A fresh bankruptcy filing from FTX chief restructuring officer John Ray III highlights that Sam Bankman-Fried received $1 billion in loans from FTX-related silo companies. Former FTX CEO Sam Bankman-Fried…

Continue ReadingSBF received $1B in personal loans from Alameda: FTX bankruptcy filing

Breaking down FTX’s bankruptcy: How it differs from other Chapter 11 cases

  • Post author:admin
  • Post published:November 18, 2022
  • Post category:Weekly overview

The FTX bankruptcy has left creditors, investors and industry experts questioning what will happen next — Here is what we can expect. Collapsed crypto exchange FTX and 130 affiliates filed…

Continue ReadingBreaking down FTX’s bankruptcy: How it differs from other Chapter 11 cases

Binance, OKX and Bybit suspend USDT and USDC deposits on Solana

  • Post author:admin
  • Post published:November 18, 2022
  • Post category:Weekly overview

The SOL cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits of Solana-based stablecoins. Major cryptocurrency exchanges continue to carry out measures in…

Continue ReadingBinance, OKX and Bybit suspend USDT and USDC deposits on Solana

Ethereum Climate Platform launches to address the network’s prior PoW emissions

  • Post author:admin
  • Post published:November 18, 2022
  • Post category:Weekly overview

Ethereum co-founder Joseph Lubin said that while the Merge set a high standard for climate mitigation, the crisis still requires more radical change. Months after the Ethereum Merge, when the…

Continue ReadingEthereum Climate Platform launches to address the network’s prior PoW emissions

FTX acquisition no more: Canadian exchange Bitvo backs off the deal

  • Post author:admin
  • Post published:November 18, 2022
  • Post category:Weekly overview

Bitvo managed to back off its acquisition agreement with FTX thanks to the deal’s long approval process by local regulators. Canadian cryptocurrency exchange Bitvo has terminated its expected acquisition agreement…

Continue ReadingFTX acquisition no more: Canadian exchange Bitvo backs off the deal

The FTX contagion: Which companies were affected by the FTX collapse?

  • Post author:admin
  • Post published:November 18, 2022
  • Post category:Weekly overview

The FTX saga has had a massive impact on the entire crypto industry, and some companies bore the brunt of the crash. While the FTX collapse may have had a…

Continue ReadingThe FTX contagion: Which companies were affected by the FTX collapse?
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