Changpeng Zhao (CZ), the CEO of Binance, the world’s largest cryptocurrency exchange, has raised new expectations regarding traditional finance. According to the latest tweet thread from CZ, the centralized financing system is expected to have catastrophic consequences. Zhao’s new forecast came after the TradeFi institutions reduced their commitments to cryptocurrencies
Major firms in the market are reducing growth plans. And cutting operational expenditures, which has led to layoffs, as the crypto winter has made a strong dent. Matrixport, a crypto investment and lending organization located in Singapore. Has announced layoffs in its marketing department, which would affect around 10% of
JPMorgan Chase CEO Jamie Dimon expressed his doubts about bitcoin once again in an interview with CNBC on Thursday. The JPMorgan executive said, “Bitcoin itself is a hyped-up fraud. It’s a pet rock.” Dimon on the recent FTX fall stated: “I’m not surprised at all. I call them a decentralized
Anthony Scaramucci, is the managing partner of SkyBridge Capital and a close friend of FTX founder, Sam Bankman-Fried. All of sudden there is a huge crack in their friendship and Scaramucci reveals it out in public. Yesterday, Scaramucci attended a Casper Lab’s Blockchain Hub event as a speaker in Davos,
Solana, whose value dropped by more than 80% in only one year, is enjoying a banner year in 2023. According to CMC, the price of SOL has increased by more than 58 percent in the previous week, bringing the total price increase for the month to more than $23.70. In
The UK-based cryptocurrency app Tap Global becomes the first new member of 2023 to be listed on the Aquis Stock Exchange (AQSE), according to a press statement issued by the organization on January 10. The Company, formerly known as Quetzal Capital Plc ‘Quetzal’, has been listed on AQSE as a
Elon Musk, the CEO of Tesla Inc. and Twitter, has descended from the no.1 spot to become the world’s second richest person. His tragic loss of over $200 billion in a year gets recorded in the Guinness World Records as “ the largest loss of personal fortune in history.” According
Voyager Digital, a bankrupt crypto brokerage company, has obtained preliminary court permission for a proposed $1 billion sale of its assets to the U.S. wing of the Binance exchange. According to a report from Reuters, Michael Wiles, Judge of the United States Bankruptcy Court for the Southern District of New York,
Despite the recovery in the cryptocurrency markets following the demise of the FTX exchange, the situation with Binance withdrawals has not yet normalized. According to a recent report from Forbes, Binance has lost $12 billion in assets as a result of users continuing to withdraw money from the exchange. Binance,
Solana seemed to have the best first week of any top-twenty coin this year. SOL has recovered remarkably after falling more than 41% in the wake of the FTX debacle. Solana was formerly a favorite of Sam Bankman-Fried and was reportedly dubbed an “Ethereum killer.” The current SOL price is
