bitcoin update

Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC) says lack of disclosure and too much leverage are two factors hurting the crypto industry. The SEC Chair’s comments on Thursday come at a time when the crypto…

Venture capital giant Sequoia Capital is marking its investment in the embattled crypto exchange FTX down to $0. “In recent days, a liquidity crunch has created solvency risk for FTX,” the firm stressed, adding that “The full nature and…

The liquidity crunch facing FTX might have emanated from Sam Bankman-Fried, the crypto exchange's CEO, secretly transferring at least $4 billion to boost Alameda, with part of the funds being customer deposits, according to Reuters. Per…