2022 has been a roller coaster ride for the Cryptocurrency Market. Hopes of reaching another all-time high have not been realized, instead, we were forced to accept that we are indeed in a bear market. Several big crypto companies folded…
Search Results For: FTX
One of largest crypto miner public company files for Bankruptcy
FTX bankruptcy has created a havoc in the crypto space and it’s taking lot of dependencies down with them. Crypto mining companies have faced downhill, particularly if they purchased miners using funds raised during the peak bull run without considering…
Solana takes a massive plunge and rumor says a story
Solana has had a significant decrease in popularity and value following the collapse of FTX and the ongoing bear market. There have been reports on social media about reduced development on Solana, but the Solana team has denied these claims…
Crypto Twitter Is Bewildered By SBF’s $250M Bail and Return to Riches.
Crypto Twitter appears to be upset with Sam Bankman-Fried’s $250 million bail bond, which allows him to spend Christmas in his parents’ Palo Alto home without paying a single dime. The former FTX CEO arrived in New York from the…
BlockFi Petitions the U.S. Bankruptcy Court to Let Clients Withdraw From Blocked Accounts
BlockFi, the bankrupt cryptocurrency lender, has petitioned the United States Bankruptcy Court to allow clients to withdraw cryptocurrencies held in their BlockFi Wallet Accounts. Step Closer to Client Refunds This request has no effect on withdrawals or transfers from BlockFi…
Coinbase CEO Wants the Crypto Industry Regulated to Protect Investors
On December 20, Brian Armstrong, the CEO of Coinbase, outlined a plan for regulating centralized entities in the cryptocurrency industry while safeguarding decentralized ideas. Centralized Exchanges Prone to Harm According to Armstrong, the best thing for the sector would be…
Binance CEO: Only 1% of People Can Manage Cryptocurrency Self-custody
Changpeng “CZ” Zhao, CEO of Binance, has issued a warning to the cryptocurrency community on self-custody, claiming that 99% of those who choose to do so will probably lose their cryptocurrency somehow. Self-custody Risk For years, CZ has advocated for…
US State Department Calls Out Sorry State of Bahamian Jail Holding SBF
Former FTX CEO Sam Bankman-Fried might spend up to two months in the country’s Fox Hill Prison after being denied bail in a Bahamas Magistrate Court. This facility has a history of physical abuse against inmates and is known for…
Paxful CEO Promotes Self-custody and Warns Against Crypto Exchanges
While some executives chose to double down on ensuring the security of funds on their platforms, Ray Youssef, CEO of crypto exchange Paxful, backed the idea of self-custody. Case For Self-custody The case for self-custody strengthens as investors demand proof…
Crypto Firm Amber Group Ends $25M Chelsea Deal Due to Bearish Conditions.
The bearish trend in the cryptocurrency market is precipitating job losses and biting cash crunches. The overall decline is affecting crypto assets and firms in various ways. Following the demise of the FTX crypto exchange, many individual and institutional investors…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
