Newsfeeds - Spark Newswire

2 minute read

FTX Says It Has Recovered Over $5B But Extent Of Customer Losses Unknown

Today, 9:24 AM

FTX has recovered more than $5 billion in cash and other liquid assets but the amount of customer losses is yet to be ascertained, an attorney for the troubled cryptocurrency exchange told a U.S.

$FTT

2 minute read

Binance CEO Sets Sights On Industry’s Next Bull Run, Plans To Expand Workforce

By Murtuza Merchant

Today, 9:24 AM

Cryptocurrency exchange Binance (CRYPTO: BNB) plans to increase its workforce by 15%-30% in 2023, according to its CEO, Changpeng "CZ" Zhao.

$BNB

2 minute read

Digital Currency Group Details Millions In Outstanding Debts To Genesis, Investment In Exchanges Like FTX

By Murtuza Merchant

Today, 9:24 AM

Institutional investor Digital Currency Group has revealed it owes Genesis, a digital currency lending firm, $447.5 million and an additional $78 million in Bitcoin (CRYPTO: BTC).

$FTT

3 minute read

Cameron Winklevoss Says ‘No Path Forward’ While Barry Silbert Remains Digital Currency Group’s CEO

By Justin Roberti

Today, 9:24 AM

Cameron Winklevoss, co-founder and president of crypto exchange Gemini (CRYPTO: GUSD) and Winklevoss Capital, posted an open letter to cryptocurrency fund Digital Currency Group, or DCG.

$FTT

2 minute read

Brady, Bündchen, Kraft And This Billionaire Hedge Fund Manager Hold FTX Shares: Here’s How Much

By Michael Cohen

Today, 9:24 AM

Newly released court filings reveal some of the high-profile names who invested in Sam Bankman-Fried’s FTX cryptocurrency exchange and the size of their stake.

$FTT

2 minute read

BlockFi Founders Pay $15M Settlement Over Equity Stock Sale: Here’s Why

By Justin Roberti

Today, 9:24 AM

It’s considered a bearish sign when a company’s executive team starts selling its equity stock. Recently, an investor identified as “Counterparty A,” according to court documents, bought a portion of the equity stock that BlockFi leaders received as part of their executive compensation packages – and quickly regretted doing so.

$FTT

1 minute read

FTX Token Skyrockets 40%, Surpassing Bitcoin and Ethereum Gains — Sets Off Short Squeeze

By Mehab Qureshi

Today, 9:24 AM

After weeks of stagnation, the crypto market roared back to life on Monday as coins with smaller market capitalizations outperformed larger ones like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH</

$FTT

4 minute read

‘Much Wow’ – 3AC Founders Blame FTX, Buy Super Yacht While Forcing Liquidators To Subpoena Them On Twitter

By Justin Roberti

Today, 9:24 AM

In just over 24 hours, over 375,000 people have seen Three Arrows Capital (3AC) founder, Kyle Davies, served a…

$FTT

2 minute read

Sam Bankman-Fried Fights To Keep Control of $450M In Robinhood Shares As Creditors Circle

By Murtuza Merchant

Today, 9:24 AM

FTX founder Sam Bankman-Fried is facing legal battles as he attempted to keep control of his 56 million shares in the consumer trading app Robinhood Markets Inc (NASDAQ:

$FTT

2 minute read

Silvergate Capital Shares Plummet Over 45% After Massive Customer Withdrawals

By Murtuza Merchant

Today, 9:24 AM

Shares of crypto-focused bank Silvergate Capital Corp (NYSE: SI) plummeted by more than 47% on Thursday, after the bank released preliminary fourth-quarter results that showed a significan

$FTT