Barry Silbert’s DCG and Genesis in Trouble; ETH Price Tanks 8%

Crypto News Today Live Updates November and Latest News: (21 November 2022) The global crypto market registered a major decline on Monday. The total market cap is down by 4% over the past 24 hours. It is on a brink of collapse to fall under the crucial $800 billion mark. It now stands at $803 billion.

The biggest of cryptos like Bitcoin and Ethereum prices have dropped by 3% and 8%. Bitcoin is trading at an average price of $16,192. While Ethereum is trading at an average price of $1,132, at the press time.

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2022-11-21T14:07:14+5:30

Investors Eyes Genesis and DCG As FTX Contagion Spreads

While DCG and Genesis look to raise $1 billion in emergency funding, reports claim that Barry Silbert’s DCG owes over $1.1 billion to Genesis. If the funding fails, it could spark more damage than FTX collapse.

2022-11-21T12:36:00+5:30

FTX new CEO, John J. Ray III was paid $1300 for an hour

As per reports, FTX new CEO, John J. Ray III was paid around $1300 for an hour. He was billed at least monthly.

John J. Ray III was also the bankruptcy reorganization leader for Enron.

2022-11-21T12:00:00+5:30

Ethereum liquadation breaches $37 million

Today’s ETH price correction is also the result of a broader market correction. The broader cryptocurrency market is down by 5.6% slipping under $800 billion as of press time.

As per glassnode, traders have liquidated more than $37 million from the Ethereum over the past day.

2022-11-21T11:45:00+5:30

Ethereum Price tanks by 8%

As of press time, Ethereum (ETH) is trading 8.09% down at a price of $1,120 and a market cap of $137 billion.

On Sunday, November 20, reports emerged that the FTX hacker who stole $600 million from the exchange is converting his ETH stash to Bitcoin.

2022-11-21T11:00:00+5:30

Crypto market down by 4%

The global crypto market registered a major decline on Monday. The total market cap is down by 4% over the past 24 hours. It is on a brink of collapse to fall under the crucial $800 billion mark.

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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