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Total crypto market cap drops to $850B as data suggests further downside

Even though the crypto market rebounded 11% from the Nov. 9 low, a few metrics suggest investors are still fearful. Between Nov. 8 and Nov. 10, the cryptocurrency market capitalization decreased by 24% to $770 billion. A 16% recovery followed after the immediate panic subsided and futures liquidations stopped pressuring asset prices. As the market […]

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Securities regulators in the Bahamas freeze FTX assets

According to the Securities Commission of The Bahamas, a Supreme Court-appointed liquidator must approve the transfer of FTX’s assets. FTX Digital Markets (FDM) and “related parties” have been frozen by the Securities Commission of The Bahamas (SCB) since November 10 and suspended FTX’s enrollment in the country. In this whole matter, one verdict came in […]