In this category of TheNewsCrypto, you will see the latest news, top headlines, opinions, current affairs, and much more from around the globe. The section only has handpicked articles by our experienced and profound editors to keep you updated with trends and stay ahead of the pack. Never miss any important news as we make sure this section is regularly updated with only the mainstream and impactful events of the cryptocurrency world.
When the world learned about the deception Sam Bankman-Fried (SBF) committed to creating his FTX empire, business associates, investors, and ardent supporters agreed that the crypto ecosystem had suffered. On the other hand, mainstream media, which had previously used unfavorable speculative attacks to attack crypto, now appears to be siding
BlockFi, a cryptocurrency lender, stated on Monday that it will “consider all possibilities” to reduce its “significant exposure” to FTX’s bankruptcy. After the biggest blowup in the cryptocurrency industry prompted calls for stricter regulation, FTX founder Bankman-Fried also resigned as CEO. BlockFi stated: We do have significant exposure to FTX
The financial behemoth JPMorgan shared insight into the complete scenario of the demise of the prominent cryptocurrency exchange FTX. JPMorgan stated that the centralized player is the cause of the recent crypto collapse. Also, the banking giant believes FTX’s failure might eventually make way for more strong regulations for cryptocurrencies.
The prying eyes of the crypto community and off-chain regulators are 24/7 on everything and everyone related to Sam Bankman-Fried’s FTX. Lately, the alleged involvement of wallets linked to Alameda Research, the sister company of the FTX, in initiating crypto transfers and SBF’s Twitter strategy raised high speculations. The recent
Twitter CEO Elon Musk has stated that Bitcoin will recover, but it will take time because of the prolonged winter. The Tesla owner is very interested in cryptocurrency and has a lot of influence over the DOGE. In addition, despite the winter around the crypto industry and the collapse of
Nike, the world’s largest athletic apparel company hopes to intensify it with the introduction of a new platform .SWOOSH. The platform is positioned as the focal point of Nike’s Web3-related digital initiatives. It is intended to draw attention to the company’s NFTs and virtual apparel initiatives, as well as upcoming
Famous Bitcoin maximalist El Salvador President, Nayib Bukele, showed up on Twitter to solidly express the cruciality of Bitcoin amid the ongoing chaos in the crypto market. He penned down that the bankrupted crypto exchange FTX is unlike Bitcoin. FTX’s non-transparency and unfair handling of users’ funds triggered him to
The collapse of one of the leading crypto exchanges, FTX, is the current trending news in the global cryptocurrency market. On Friday, FTX filed for bankruptcy amid facing an $8 billion liquidity shortage and a lack of resources. Reportedly, Sam Bankman-Fried, the CEO of the exchange platform has also stepped
Call it a true hack or not, for sure all the crypto geeks could evidently get a clear picture upon what all FTX has been trying to do! The CEO of FTX resigning on the morning of November 11th, and the platform getting hacked the very same day night despite
Due to a severe lack of funds, cryptocurrency exchange FTX announced on Friday morning that it has filed for bankruptcy protection under Chapter 11. The previously $32 billion exchange suddenly collapsed due to a liquidity issue, and the company announced the resignation of former CEO and billionaire Sam Bankman-Fried. John
