‘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.
Markets absorb disappointing earnings as crypto uncertainty knocks sentiment November 10, 2022 Having come off the back of three days of losses the US dollar rebounded strongly yesterday as markets absorbed further disappointing earnings numbers, and cryptocurrency exchange Binance backed out of the FTX takeover, due to an $8bn shortfall, prompting a rout in cryptocurrencies in the process. This jittery market backdrop prompted a sharp selloff in [...]
Binance pull out of deal to buy FTX November 9, 2022 Binance chief Changpeng 'CZ' Zhao has suddenly withdrawn his offer to buy Sam Bankman-Fried's beleaguered FTX exchange.
Massive gains for DFI Money while crypto markets crumble November 9, 2022 DFI Money (YFII) gained more than 30 per cent in the 24-hour aftermath of Tuesday’s token tumble, triggered by Binance buying up FTX.
UK government to examine pros and cons of blockchain technology and NFTs November 9, 2022 The UK government’s Department for Digital, Culture, Media & Sport is accepting evidence for its inquiry into blockchain and NFTs.
Binance/FTX saga: How to choose a crypto exchange November 9, 2022 Nigel Green helps to navigate the safest route for choosing the right cryptocurrency exchange.