CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

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The price of bitcoin (BTC) dropped to $15,625 on Wednesday, the lowest since November 2020. (Source: CoinDesk)

Markets

Bitcoin Hits 2-Year Low Below $16K After Binance Backs Out of FTX Deal

Bitcoin's price fell as low as $15,625 Wednesday. It was the first time the largest cryptocurrency has fallen below $16,000 since November 2020. The BTC price was down 14% on the day, the biggest plunge in almost five months.

By Helene Braun

Nov 9, 2022 at 4:13 p.m. UTC

Nov 9, 2022

BitcoinMarketsFTXTradingInvestingFTXBinance

CDCROP: Cracked Egg (CraftyPease/Pixabay)

Business

Trading

Crypto Fund Alameda's Ethereum Wallet Holdings Slumped 50% Since October

On-chain analysis shows Alameda has a $3 million debt spread over several Ethereum addresses.

By Shaurya Malwa

Nov 9, 2022 at 10:56 a.m. UTC

Nov 9, 2022

TradingInvestingMarketsAlameda ResearchFTX

CDCROP: Man with his head down on his laptop facing the Agony of Defeat (Getty Images)

Markets

Trading

'Long' Crypto Traders Take on $700M in Losses as Markets Falls on FTX Contagion Fears

Crypto market capitalization fell 8.8% in the past 24 hours, data shows.

By Shaurya Malwa

Nov 9, 2022 at 8:02 a.m. UTC

Nov 9, 2022

TradingInvestingMarketsBitcoinEther

CDCROP: FTX's exchange token dropped to as low as $4 from $22 less than a day ago. (CoinDesk)

Markets

Alameda research

FTX Token Falls 80% Despite Binance Bailout as Alameda Contagion Spreads to Bitcoin

FTT token's crash theoretically could wipe out billions from Alameda's balance sheet, deepening its financial woes, according to an analyst. Bitcoin fell to a 23-month low.

By Krisztian Sandor

Nov 8, 2022 at 9:14 p.m. UTC

Nov 8, 2022

Alameda ResearchFTXBinanceMarketsTradingFTT

Markets

Ftx

Alameda Thanked for ‘Prompt Response’ in Transferring $37M of BitDAO Tokens

The community behind BitDAO earlier feared that Sam Bankman-Fried's crypto trading firm might liquidate some of its token holdings as speculation sends prices plunging for the related FTX exchange's FTT tokens.

By Jocelyn Yang

Nov 8, 2022 at 8:30 p.m. UTC

Nov 8, 2022

FTXBitDAOAlameda ResearchFTTMarketsTrading

Markets

Solana

Binance Exchange's BNB Token Leads Broad Crypto Rebound After FTX Bailout Offer

The exchange token used within the Binance trading environment jumped 20%, leading a broad rebound in crypto markets that had been in free fall over acute speculation that the rival FTX exchange might be facing a rapid run on deposits.

By Krisztian Sandor

Nov 8, 2022 at 5:59 p.m. UTC

Nov 8, 2022

SolanaFTXBinanceBNBMarketsCryptoTradingInvesting

Markets

Ftt

FTX Token Plummets on Withdrawal Concerns as Contagion Hits Broader Crypto Markets

The FTT price has declined nearly 14% over the past 24 hours, with Solana's SOL and Serum's SRM taking losses along with bigger cryptocurrencies like bitcoin and ether.

By Sam Reynolds

Nov 8, 2022 at 3:28 a.m. UTC

Nov 8, 2022

FTTFTXTradingInvestingSOLMarkets

Markets

Sol

Solana Falls and Speculation Centers on Links to Sam Bankman-Fried’s FTX, Alameda

The SOL token fell 4.7% in the past 24 hours, and crypto traders are forming all sorts of theories as to why.

By Jocelyn Yang

Nov 7, 2022 at 8:21 p.m. UTC

Nov 7, 2022

SOLFTXAlameda ResearchSam Bankman-FriedMarketsTradingSolanaBinance

CDCROP: JP Morgan building (Shutterstock)

Markets

First mover

First Mover Asia: FTX's Sam Bankman-Fried Talks Consumer Protection and Crypto Titans Clash

Consumer protection and regulation are key ingredients to transforming digital assets into an asset class worth trillions. The FTX exchange's Sam Bankman-Fried weighs in. Meanwhile, FTX's FTT token takes a dive after rival Binance announces plans to dump its remaining holdings.

By James Rubin Sam Reynolds Bradley Keoun

Nov 7, 2022 at 12:47 a.m. UTC

Nov 7, 2022