Ethereum Surges Above $1,300; Chiliz, FTX Token Among Biggest Gainers

After recording losses in the recent period, cryptocurrency prices saw some rebound this morning, with prices for Bitcoin (CRYPTO: BTC), the most valued cryptocurrency in the world, moving above the $17,000 level on Friday. Ethereum (CRYPTO: ETH) also recorded gains, trading above the $1,300 mark on Friday.

Timeline of Chiliz, Ethereum, Ftx-token

FTX Token (FTT), the native cryptocurrency of the troubled exchange, has undergone a turbulent week, losing its value by over 80% at some point. It remains to be seen, however, whether the token will rebound to its pre-FTX liquidity debacle levels before the end of 2022, now that the asset is exhibiting signs of a short-term recovery.

FTX International on Friday said the Ethereum (ETH) withdrawals on FTX US will resume soon. Moreover, users looking to withdraw Polygon (MATIC) need to cancel their pending withdrawals and request a fresh withdrawal request as ERC20 MATIC.

LayerZero Labs said it has come to an agreement with FTX, FTX Ventures and Alameda for a complete equity buyout. The post LayerZero reaches a complete equity buy-out agreement with FTX and Alameda appeared first on The Block.

According to recent reports, the FTX crypto exchange seemingly reopened withdrawals to some users on 10th November. Many users still complain that their withdrawals are not going through.

Sam Bankman-Fried, the founder of beleaguered  FTX and Alameda Research , was in the crosshairs of the author, mathematical statistician, and former options trader Nassim Nicholas Taleb. What Happened: The "Black Swan" author tweeted Bankman-Fried "got *temporarily* rich because he is [both] aggressive AND clueless about finance.

According to recent reports, FTX has spoken to American crypto exchange Kraken about a possible rescue arrangement. However, FTX and Kraken declined to comment, citing the ambiguity of the talks' specifics and their potential for success or failure.

The US-based branch of Sam Bankman-Fried's crypto empire, FTX.US, just announced that it may imminently implement a freeze on trading. A new note on the company's website says investors looking to close positions and move their crypto out of the exchange are currently able to do so.

Employees of FTX.US attempt to sell assets like a stock-clearing platform and naming rights to a Miami arena while CEO Sam Bankman-Fried is away, according to Bloomberg. The post FTX US employees attempt to sell assets in CEO's absence: Bloomberg appeared first on The Block.

FTX CEO Sam Bankman-Fried sold equity in the firm at a 50% discount to employees in the spring, sources tell The Block. The post Bankman-Fried sold FTX equity to employees at 50% discount in spring: Sources appeared first on The Block.

Genesis Trading revealed late Thursday that its derivatives business has exposure to FTX amid the crypto exchange's ongoing collapse. The post Genesis Trading says derivatives arm has $175 million locked up in FTX account appeared first on The Block.