The price of wrapped bitcoin on Sollet is down 77% over the past 24 hours, while wrapped ether is only down 9% to $1,138.
NFT royalties were once a standard fee that paid a creator whenever their piece was sold, but they ended up on the chopping block this year.
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FTX, FTX US and Alameda will file for Chapter 11 bankruptcy in US; SBF resignsFTX said roughly 130 companies in FTX Group — including FTX Trading, FTX US and Alameda Research — had started proceedings to file for bankruptcy in the United States.
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FTX lent Alameda billions of dollars in customer assets: WSJFTX CEO Sam Bankman-Fried told an investor that sister company Alameda Research owes the exchange about $10 billion, according to The Wall Street Journal.
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3 key crypto price events to watch in the wake of the FTX and Alameda debacleFTX and Alameda’s Ponzi-like trading scheme has dealt a heavy blow to the entire crypto industry. Here are three developments to keep a close eye on.
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CoinShares discloses $30.3 million exposure to FTX, none to AlamedaEuropean crypto trading and investment group CoinShares disclosed a $30.3 million holding stuck on FTX exchange.
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