The long-term prospect of the concept of cryptocurrencies is promising. While hardcore supporters and enthusiasts will tell you that the only way forward is crypto, even those with more reserved attitudes have to admit that crypto has potential. One of the reasons why this idea will likely solidify in minds of millions is, surprisingly, Apple … Read more
Once again, Ether (ETH) is facing the impact of a move being made by a hacker who had stolen funds from the FTX exchange. Hackers Drained More than $450 Million Just when the FTX exchange announced its bankruptcy, a hacker made an attempt again at the FTX and FTX USA exchanges. He was successful in … Read more
The current crypto winter is continuing to be volatile and full of bearish and bullish trends turning cryptocurrencies upside down within the space of 24 hours. The current technical indicators have warned traders of potential dangers. MKR prices surge to $652.01 as a bullish trend continues to dominate the market on the last day of … Read more
Brian Armstrong, the founder, and CEO of Coinbase announced that at the end of the 3rd quarter of 2022, his company’s Bitcoin holding comprised over 2 Million BTCs. Crypto Exchanges’ Voluntary Disclosures FTX contagion has not only shocked but jolted entry crypto industry, the economy as well as the crypto community. It seems as if … Read more
Sir Jon Cunliffe, leading the Bank of England in its financial stability mission as the bank’s Dy. Governor, called upon lawmakers and regulatory authorities. He wanted to provide and implement strict regulations concerning digital currencies. He was of the view that for avoiding any potential ‘crypto shock’, the UK needs to lay down tighter regulatory … Read more
A local law firm in Taiwan has claimed that crypto funds equivalent to $150 Million belonging to FTX’s customers in Taiwan are stuck in the collapsed FTX. The firm also suggested FTX’s Taiwan-based customers had invested funds in interest-based digital currencies trading which funds they had actually borrowed from local financial institutions. Taiwanese Funs Stuck … Read more
The top three key executives, who were long associated with FTX, had been fired by the management of near to collapse crypto trading platform, FTX. Amongst the fired individuals, one of them was the person who had helped lay down the foundations of FTX as its co-founder. It soon became the world’s biggest and most … Read more
The current price movement of Chiliz (CHZ) shows that the investors are trying to bring it into the inverse head and shoulders pattern. Once CHZ is within the pattern, the investors will try to break out of its neckline to form a positive. This would allow the trading price of CHZ to move in an … Read more
Robert Kiyosaki’s Tax on FTX Fiasco Robert Kiyosaki, who authored an award-winning book called ‘Rich Dad Poor Dad’, shared his viewpoint on Bitcoin, FTX, and FTX’s CEO. Currently, FTX is undergoing the process of bankruptcy while the crypto exchange’s CEO, Sam Bankman-Fried (SBF) has resigned from the position of CEO. Rich Dad Poor Dad was … Read more
Charlie Munger’s Viewpoint on FTX Collapse Vice President of Berkshire, Charlie Munger, is the apple-eyed boy of Warren Buffett and both of them have been doing business together for many years. However, the former had a few revelations of which FTX, Bitcoin, the US Federal Reserve, and Elon Musk were all part. Firstly, Munger made … Read more
A group of fraudsters actively involved in defrauding people by launching Ponzi crypto schemes was exposed by the National Police of Ukraine (NPU). NPU revealed that the network was operating through multiple offices, established several customer service centers, and employed thousands of people mainly from the EU member states. International Criminal Organization Busted In Ukraine … Read more
Missing Funds Belonging to FTX’s Customers Individuals closely linked with FTX’s trauma have noted customers’ funds (aggregating up to US$ 1 Billion) gone missing from the collapsed exchange. Founder of FTX, Sam Bankman-Fried, was reported to have transferred crypto funds amounting to US$ 10 Billion into Alameda Research. The receiving company too was founded by … Read more
After setting a new record low in the previous week, Grayscale’s Bitcoin Trust (GBTC) dropped to yet another record low, primarily because of the price of Bitcoin. YCharts revealed data showing that the GBTC that tracks Bitcoin’s price had been discounted by 42.69% as of Friday morning. How it works GBTC was first introduced in … Read more
So far, the year 2022 has proven to be a roller coaster ride for Bitcoin (BTC) but November proved to be even more aggressive. Bitcoin Bulls Attempted a Rebound Bitcoin started the month of November on a high note as its price kept surging. The price of BTC continued rising against all the odds but … Read more
A variety of benefits, that CBDCs have the potential to offer, were explained in detail by Netherlands Queen, Her Majesty Maxima. Her Majesty believes that for offering support to minimum income earners, the digital euro could be immensely beneficial. Digital Euro would further help them in exploring other financial services with which they are not … Read more
The downfall of the FTX crypto exchange has fueled concerns about market contagion and this prompted the boss of Crypto.com to take to YouTube to reassure users. On Monday, Kris Marszalek, the chief executive of Crypto.com, informed the users of his exchange that their balance sheet was quite robust and they were not engaged in … Read more
Binance’s FTX Holding Undergoes Liquidation Changpeng Zhao (CZ), CEO of Binance, made a revelation on Twitter that his company’s FTX (FTT) tokens’ holding is undergoing a liquidation process. According to CZ, his company got $2.1 Billion while departing from FTX equity in 2021. The said money was received by Binance in the shape of FTT … Read more
Digital Asset Group’s Bitcoin mining company Foundry Digital has announced a Bitcoin mining education drive initiative. The training program has been launched to educate and train Bitcoin miners further so that top-class technicians in Bitcoin mining can be produced with the help of the initiative. The initiative will commence the education program on 7th November … Read more
Binance’s top executive does not seem to be convinced on the aspect that cryptocurrencies’ existence might be in danger because of CBDCs. He said that in fact, the governments would be validating the concept of blockchain on the pretext that they too are using it for CBDC purposes. Binance’s CEO Not Convinced over CBDC Posing … Read more
A fresh legal framework has been proposed by Russian lawmakers which aim at legalizing all sorts of cryptocurrencies in the country. The proposed law also suggests that though crypto can be mined in the country. However, their circulation will be made across the border and also within specific regimes for experimental purposes. Russian Parliament Drafts … Read more
