Financial Markets Wrap-Up November 11, 2022 Well, were at the end of another interesting week of trading. We started the week with some poor Chinese trade data, coupled with a back track on rumours from the previous week that covid restrictions would be loosened which kicked us off with a slightly negative start but the action for the week was never [...]
FTX files for bankruptcy as Sam Bankman-Fried resigns November 11, 2022 FTX founder Sam Bankman-Fried has resigned his position as CEO of FTX, and filed for Chapter 11 Bankruptcy.
Planet Crypto: Could Binance’s CZ be a Bond villain? November 11, 2022 This week, those satirical sharpwits at Planet Crypto have honed their comedy pencils on the bizarre saga between Binance chief Changpeng 'CZ' Zhao and FTX founder Sam Bankman-Fried.
Will digital currencies wane or flourish as banks adopt ISO 20022? November 11, 2022 Jonny Fry takes a look at the adoption of ISO 20022 by banks next year, and how its introduction will affect cryptocurrency.
Harsh ‘resets’ are actually healthy for the cryptocurrency industry November 11, 2022 Jason Deane welcomes the turmoil of a market shakeout, and argues many cryptocurrencies have no value at all.
‘I f****d up’: FTX founder scrambles for cash as Bahamas regulator freezes assets November 11, 2022 The founder of crypto exchange FTX admitted he “f*cked up” yesterday as his firm scrambles to raise emergency funds and stave off a collapse that could spark contagion across the industry.
Sam Bankman-Fried: ‘I clearly failed, and I’m sorry’ November 10, 2022 Sam Bankman-Fried - CEO of collapsed cryptocurrency exchange FTX - has offered a profuse apology for the spectacular failure of his company.
The fall of FTX is teaching the crypto world some harsh truths November 10, 2022 Temple Melville of Scotcoin believes the greed of the pandemic period has given way to extreme fear in the wake of the FTX collapse.
FTX scrambles for emergency funds as contagion fears grow November 10, 2022 Bitcoin could tumble to as low as $13,000 as the industry is rocked by the crisis at the crypto exchange FTX, JP Morgan has warned.
Market unease continues in wake of Binance ripping up deal to buy FTX November 10, 2022 Bitcoin price shed 8.3% over the last 24 hours, but there was a notable bounce from yesterday’s low of $15,682, now trading at $16,641.