📰BREAKING: October CPI shows inflation at 7.7%. The expected amount was 8.0%.

📰Tether drops below $1 as Alameda is Reportedly Shorting USDT

The unexpected collapse of one of the world's leading cryptocurrency exchanges FTX and Alameda research has caused fear, uncertainty, and distress in the crypto industry.

📰To Those Affected By FTX📰

📰Follow the thread below to inform yourself about ways to withdraw your money from FTX. And always be extra careful who you trust with your money next time.

📰MyCryptoParadise always supported and always will support only Binance, KuCoin and Bybit. We also have a trading strategy and separate ParadiseFamilyVIP memberships for only these 3 exchanges. We have done protective personal due diligence about them, and we know that we can trust these three!

Still, part of our risk management is diversification of our capital between these three; never keep your money in only one place!

👉https://twitter.com/_mcp_signals/status/1590787160046972929?s=46&t=XunabsbjmeXjMyMPPXJ5Ww

📰FTX files for bankruptcy.

📰Crypto Lender BlockFi Suspends Withdrawals Due to FTX Collapse

Crypto lending firm BlockFi has announced the suspension of withdrawals on its platform on Friday, citing a lack of clarity about FTX, FTX.US, and Alameda situations as the reason for the move.

📰Tether Freezes Over $45 Million USDT Held by FTX

As a response to the law enforcement agency requirement, the company behind the largest stablecoin in crypto, Tether has frozen $47 million USDT held by FTX.

📰El Salvador Denies Holding Bitcoin in Embattled FTX Exchange

Following the collapse of the FTX cryptocurrency exchange, rumors spread across the crypto industry that El Salvador has lost its Bitcoin holding in the FTX collapse.

📰Coinbase CEO Calls for Clear Regulation of Crypto Following FTX Collapse

The CEO and co-founder of the US's largest cryptocurrency exchange, Coinbase has called for clearer and sensible regulations of the crypto industry for consumer protection.

📰Bitcoin Will Make it, But might be a Long Winter - Elon Musk

Amid fear, uncertainty, and doubt surrounding the future of cryptocurrency due to various events that have happened this year, Elon Musk has shared his thoughts regarding the future of Bitcoin in a recent tweet.

📰Crypto Hedge Fund Ikigai has Significant Exposure to the Insolvent FTX

The collapse of one of the world's leading cryptocurrency exchanges FTX has spread its tentacles to other crypto firms, according to a recent revelation, a major crypto hedge fund has significantly been affected.

📰Crypto.com CEO Dismisses Financial Trouble Rumors, Says Balance Sheet is Strong

Following the FTX exchange collapse earlier this month, rumors spread across the crypto community that the Singapore-based crypto firm has $1 billion exposure to FTX, however, the CEO of Crypto.com has cleared the air in an interview, which according to him, the exposure is minimal.

📰Binance to Launch Industry Recovery Fund to Help Troubled Crypto Firms

The world's largest cryptocurrency exchange has announced the Industry Recovery Fund, a program aimed at assisting crypto firms facing liquidity crises.

📰Visa Ends its Debit Card Partnership With Insolvent FTX

Last month, the payment giant Visa announced a partnership with the FTX exchange to roll out debit cards in 40 countries globally, a recent collapse of FTX has spurred Visa to terminate its contract with FTX.

📰Genesis and Grayscale Hit With Insolvency Issues Following FTX Collapse

The collapse of the FTX crypto exchange continues to spread insolvency rumors across the crypto industry, and now, Genesis and Grayscale are the latest to reportedly be affected.

📰Tron’s Justin Sun has Taken Over Huobi Exchange - Report

The founder of Tron, Justin Sun has reportedly taken over the Houbi Global Business after the former CEO Zhu Hua, CFO Zhang Li, and other senior executives have voluntarily resigned, according to recent sources.

📰Binance Secures Regulatory Approval in Abu Dhabi

Despite the current market situation and insolvency issues surrounding many crypto firms, Binance's quest for global expansion continues, this time, it is Abu Dhabi.

📰Justin Bieber Bought Bored Ape NFT For $1.3 Million, Now Worth $69k

Justin Bieber, one of the world's most popular pop stars purchased a Bored Ape NFT in January 2022 for $1.3 million, currently, the NFT value in USD has dropped by 94%.

📰El Salvador Now Purchase One Bitcoin Every Day

Amid the current and prolonged crypto winter, the President of El Salvador Nayib Bukele announced the commencement of Bitcoin purchases starting last week.

📰President Biden Calls for Tighter Crypto Regulation Following FTX Collapse

Many events in the crypto industry from the collapse of the Terra-Luna ecosystem to that of the FTX exchange have increased the government's interest in cryptocurrency, could this actually be the beginning of a new crypto?

📰Newly Approved Trademark Reveals JP Morgan Will Now Provide Bitcoin Exchange Services

As transnational transactions are becoming more important in the global financial system, it becomes a necessity for owners of businesses to keep searching for a more easy way to carry out transactions, making cryptocurrency inevitable.

📰Genesis Warns of Possible Bankruptcy as FTX Contagion Keeps Spreading

Days after suspending withdrawals due to liquidity problems, Crypto broker Genesis Trading has warned of possible bankruptcy should efforts for new funding fail.