After FTX Group and its sister trading firm, Alameda Research, filed for bankruptcy in the United States and suffered a hack on its platform, a firestorm erupted throughout the whole cryptocurrency market that some in the finance industry are even comparing to the 2008 financial crisis. The sudden collapse caused major exchanges such as Kraken …
Monitoring Collateral Damage – Kraken & Crypto.com Read More »
In the wake of the FTX crisis, concerns over centralized cryptocurrency have caused investors to increasingly move to hardware crypto wallets. This move towards self-custody with software and hardware wallets spiked last week following the rumors of FTX insolvency and as exchange outflows reached all-time highs. On 14 November, even Binance CEO Changpeng “CZ” Zhao …
Over the past year and before the collapse of the massive cryptocurrency exchange FTX, which he founded, arguably no other individual had become more influential or impactful on cryptocurrency and the industry’s future than Sam Bankman-Fried. SBF identified a unique arbitrage opportunity in the Asian markets and built its empire on top of it. The …
Fears of an outcome similar to Three Arrows Capital crypto fund’s meltdown earlier this year have caused the world’s largest crypto exchange, Binance, to liquidate its entire holdings of FTT in the upcoming months. Despite being an early investor in FTX, Binance CEO Changpeng “CZ” Zhao explained that he is worried about a potential collapse …
Binance Signs LOI To Acquire FTX Crypto Exchange Read More »
Fears of an outcome similar to Three Arrows Capital crypto fund’s meltdown earlier this year have caused the world’s largest crypto exchange, Binance, to liquidate its entire holdings of FTT in the upcoming months. Despite being an early investor in FTX, Binance CEO Changpeng “CZ” Zhao explained that he is worried about a potential collapse …
Solana (SOL) held their official annual decentralized conference across several locations in Lisbon, Portugal, from 4 November to 7 November, featuring Solana co-founder Raj Gokal, Solana Labs co-founder Anatoly Yakovenko, and founder of Solana Spaces Vibhu Norby. Over 13,000 people joined just one of the four simultaneous venues in Lisbon, where the company released insight …
Solana Jumps Following Google Partnership Annoucment Read More »
In a widely anticipated move, The United States Federal Reserve hiked interest rates by 75 basis points for the fourth consecutive time. The Federal interest rate now sits at 3.75% to 4 %. For the past few months, The Fed has aimed to pump the cost of borrowing to cool the economy and control inflation …
Federal Reserve Raises Interest Rates By 75 Basis Points Read More »
The wealthiest man in the world, Tesla (TSLA) CEO Elon Musk, has taken over Twitter and announced that his acquisition of the social media giant was “important to the future of civilization.” One thing is sure; it is crucial for the future of memecoins and Dogecoin (DOGE). Musk is no stranger to his effect on …
Dogecoin Enjoys 100% Surge Following Twitter News Read More »
The 31st of October 2022 marked 14 years since the release of Bitcoin’s White Paper. Fourteen years ago, anonymous Satoshi Nakamoto sent his first email to the Cypherpunk mailing chain with the subject line “Bitcoin P2P e-cash Paper.” On the heels of a major financial crisis in 2008 triggered by Wall Street banks, the email …
After slumping lower and lower for months and being confined to a small trading range in recent weeks, the overall crypto market saw huge gains. The overall market cap exceeded $1 trillion for the first time since mid-September, and all of the top 10 coins are rising. On 26 October, the Bank of Canada released …
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