The crypto market often runs on a cycle of highs and lows. Conscious investors leverage the lows to enrich their wallets with assets awaiting the bull run. This quarter’s bearish trend is no exception. The past few weeks in the crypto market have been filled with massive losses following the FTX collapse. The extreme macroeconomic…
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As major crypto exchanges are intensifying efforts to assure customers and investors of their stability, Brian Armstrong, the CEO of Coinbase, has revealed that his company holds crypto reserves that include some BTC 2 million worth about $39.9 billion. “We hold ~2M BTC. ~$39.9B worth as of 9/30,” the CEO tweeted, making a reference to…
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Justin Sun, the Founder of Tron (TRX), is reportedly open to deals for the assets of the now-defunct crypto exchange FTX. Sun said that his associates were evaluating potential purchases of assets from the fallen, Bahamas-based exchange, according to the Wall Street Journal. The adviser at the Huobi exchange and the WTO Ambassador of Grenada…
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A “substantial amount” of the failed crypto exchange FTX’s assets are either missing or have been stolen, said the exchange’s lawyer in court. According to the Wall Street Journal, this statement was made by said James Bromley, counsel to FTX’s new management, during a bankruptcy hearing on Tuesday. Per the report, the new management is…
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Bitpreco, a Brazilian cryptocurrency exchange, has decided to extend its functionality to offer banking services through a new platform called Bitybank. The company, which will also open payment and digital account services, plans to attract users to crypto through cashback programs that counter the fears of users purchasing cryptocurrencies in today’s uncertain market. Bitpreco to…
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Elizabeth Warren’s WSJ op-ed, which correlated the fall of the FTX crypto exchange to crypto ruining the entire economy, did not go unnoticed by the online crypto community. The downfall of former crypto exchange FTX has had the entire industry in disarray since the situation began to unravel days before it declared bankruptcy on Nov.…
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The price of soccer fan tokens, designed for fan engagement, is seemingly impacted by the on-field performance of teams. Argentina’s shock 2-1 loss to Saudi Arabia in the opening match of the FIFA World Cup has plummeted the price of the Argentine Football Association Fan Token (ARG), in line with the hopes of the nation’s…
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BNB’s price continues to hold strong as the bull refuses to give in to the FTX fiasco as price trends are above $260. BNB’s price continues to look weak as bearish market sentiments increase, with things looking uncertain for most traders and investors. BNB’s price looks weak and continues to trade below the daily 50…
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QNT’s price continues to hold strong as the bull refuses to give in to the FTX fiasco as price trends are above $100. QNT’s price continues to look weak as bearish market sentiments increase, with things looking uncertain for most traders and investors. QNT’s price looks weak and continues to trade below the daily 50…
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Bankrupt crypto exchange FTX and its founder’s parents have purchased properties for almost $121 million in the Bahamas, according to a media report. Some of these were supposed to be used by the company’s senior executives, quoted documents have revealed. Bankman-Fried’s Parents Trying to Return Vacation Home to FTX FTX, the parents of its founder…
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