Today’s Top Crypto News, Friday November 11th


Today’s Top Crypto News, Friday November 11th

FTX Files for Bankruptcy Protections in US; CEO Bankman-Fried Resigns– CoinDesk

Crypto exchange announced it had “liquidity” issues earlier this week.”

Wake up call? Bitcoin wallets move 3,500 BTC dormant since 2011 – CoinDesk

A Bitcoin whale has moved 3,500 BTC to new wallets for the first time since 2011, changing the address format from P2PKH to P2SH.

A ‘cascade of margin calls’ deleveraging, crypto failures and bitcoin at $13,000 are likely amid FTX fallout – CoinTelegraph

“A “new wave of crypto deleveraging” is likely under way, with bitcoin itself poised to drop another 25% amid a “cascade” of margin calls.”

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