Sam Bankman-Fried’s crypto empire is in danger of collapsing as a result of Binance’s decision to abandon its acquisition of FTX, the business announced on Wednesday. The decision to reverse course was made just one day after Binance CEO Changpeng…
Crypto Industry Delivers Greatest One-Day Collapse In Billionaire History
The CEO of crypto powerhouse FTX lost $16 billion of his personal wealth as his business ran out of cash and had to rely on a rival to save it. After accepting a bailout from competitor Changpeng Zhao’s Binance, Sam…
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.…
Panic Among Investors After FTX StableCoin Reserves Plunge
Some people are warning that funds on FTX could be at risk. The concerns in the cryptocurrency community that FTX might cause another crash like Terra have been raised as a result of the rapid fall in stablecoin reserves on the…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York were presented with divergent narratives regarding his alleged manipulation of the Mango Markets cryptocurrency exchange, resulting in the theft of a staggering $110 million. The…
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 transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
