The FTX collapse saga has turned a new page as a class-action lawsuit has been filed against Sam Bankman-Fried (SBF), the former CEO of the embattled crypto company. A class action is a lawsuit filed by an individual or a…
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Crypto.com Faces Fallout For Sending Crypto to the Wrong Address
Crypto.com, a Singaporean-based Crypto exchange, is facing scrutiny after it admitted that it erroneously transferred a large amount of Ethereum (ETH) to another exchange. This development came after the collapse of FTX which was once one of the largest exchanges…
FTX Assets Frozen By Bahamas Regulator As The Crypto Exchange’s Woes Continue
As Sam Bankman-Fried raced to raise as much as $8 billion to save FTX, the Bahamas securities regulator froze the assets of a portion of his crypto empire and moved to appoint a liquidator for one of his firms. Bahamas…
FTX Seeks $9.4B Bailout As Tron Explodes With News Of A Potential Takeover
Despite being criticized heavily by Kraken CEO Jesse Powell, FTX’s Sam Bankman-Fried has reached out to Kraken for a possible bailout. This is after a collapse in talks that FTX was having with Binance about a possible takeover. The most…
Tether And Circle Distance Themselves From FTX, Alameda
Tether and Circle, the companies behind the two most popular stablecoins, have distanced themselves from the FTX debacle and have claimed they have no connection to either Alameda Research or the faltering cryptocurrency exchange. Tether CTO Addresses FTX Fallout Responding…
Canada’s third-largest Pension Fund Invested $200 Million In Troubled FTX
The FTX debacle may result in significant losses for Canada’s third-largest pension system. The Ontario Teachers’ Pension Plan was one of the few investors who took part in the $400 million Series C investment round that FTX held in January.…
Binance Wants To Help Elon Musk Run Twitter Through Its Payment Service
After investing $500 million into Elon Musk’s Twitter takeover, Binance now wants to help Musk run the organization by giving Twitter “a seat at the table.” Changpeng ‘CZ’ Zhao, CEO of Binance, wants to guarantee that cryptocurrencies and Web3 will…
Crypto Staking Vs. Liquidity Pools, what make them different?
Crypto staking and liquidity pools have recently become most heavily discussed topics in the crypto sphere. Both of these have their popularity as a means of earning passive income from crypto investments. This article will look at what differentiate crypto…
Kraken Becomes Latest Crypto Exchange to Ban Russian Users
In accordance with penalties imposed by the European Union, Kraken is the most recent cryptocurrency exchange to block accounts of Russian users on its site. Kraken informed its Russian clients via email on October 19 that the exchange is discontinuing…
October Already the Biggest Month In Crypto Hacks According to Chainalysis
According to Chainalysis, 2022 could “definitely” break the record, even though 2021 was the greatest year ever for cryptocurrency breaches. $718 Million Stolen In October According to Chainalysis, the overall worth of the hacks in October 2022 was close to…