Breaking News Today Nov 10 Live Updates: TRX Trading On FTX Resumes

2022-11-10T16:58:55+5:30

Tron Founder Justin Sun Working With FTX To Resume Withdrawals

Tron’s founder Justin Sun hinted at a potential partnership with crypto exchange FTX. Tron founder said his team is working with FTX on a “wholistic solution” to solve the liquidity crunch at FTX. TRX trading is back on FTX, working on resuming withdrawals.

2022-11-10T14:45:00+5:30

Crypto Market Crash Live: TRX Trading On FTX Resumes

Justin Sun announced that TRX trading on the FTX, cryptocurrency exchange has been resumed. However, they are still working on the withdrawal function.

2022-11-10T14:32:22+5:30

Sequoia Capital Marks Its Investment in FTX to $0

Sequoia Capital marking down its investments in FTX to $0 due to bankruptcy risks. The move came as Binance backed out of the proposed acquisition of FTX.

2022-11-10T13:01:50+5:30

FTX May File For Bankruptcy

FTX CEO Sam Bankman-Fried warned investors in a call on Wednesday that the crypto exchange may be forced to file for bankruptcy if it doesn’t get a cash infusion.

2022-11-10T12:20:00+5:30

Crypto Market Crash Live: Liquidation Breaches $690 Million

As per the data, 365,205 traders have liquidated more than $694 million in the last 24 hours. The largest single liquidation order happened on Bitmex – XBTUSD valued $10.00M

2022-11-10T11:40:00+5:30

Bitcoin Dominance On A Major Decline

Bitcoin’s dominance currently stands at 38.23%. It is a decrease of 0.73% over the day.

BTC is trading at an average price of $16,765, at the press time. Bitcoin price is down by 9% in the last 24 hours.

2022-11-10T11:10:00+5:30

Crypto Market Crash Live: Total Down By 8%

The cumulative crypto market cap has dropped by a massive 8% over the past day. It now stands at $833.72 billion.

The major reason behind the crypto bloodbath has been reported to be the meltdown of SBF’s FTX.