At The New York Times’ annual DealBook Summit, Sam Bankman-Fried was interviewed by Andrew Ross Sorkin on Wednesday. He discussed a variety of topics, including risk management, philanthropy, regulation, and real estate in the Bahamas. SBF acknowledged that he “screwed up” and did commit serious mistakes. He said that he
Pavel Durov, the founder of the messaging app Telegram, revealed on November 30 through his Telegram channel that they are all set to build a collection of crypto tools. It includes non-custodial wallets and decentralized exchanges (DEX). Telegram's next step is to build a set of decentralized tools, including non-custodial
The Collapse of the popular crypto exchange FTX, has really affected hundreds of thousands of investors around the world. In fact the entire crypto market crashed due to the liquidity crunch of FTX, causing global ripple effects. In addition, the price fall of Bitcoin is one of the great losses
After months of looking around at other cryptocurrency startups, including a revised bid for Voyager Digital’s assets, cryptocurrency exchange CrossTower Inc has agreed to purchase digital asset trading platform BEQUANT. Through the purchase deal signed on November 28th, CrossTower will get access to over 600 additional professional exchange clients. New
Sam Bankman-Fried, the ex-CEO of FTX, a cryptocurrency exchange that was once valued at $26 billion, told Axios on Monday that he is now down to his final $100,000. Early in November, when word broke that the cryptocurrency exchange required a bailout, the founder saw the vast majority of his
This year, the cryptocurrency markets went through a lot of turmoil, which affected the value of the tokens. Also, prominent crypto platforms faced several investigations by the Securities and Exchange Commission (SEC). As BlockFi is one of the biggest creditors to the US SEC. After a string of failures in
FTX, the collapsed cryptocurrency exchange to pay its employees and contractors after several weeks of uncertainty. According to the recent announcement from the bankrupt trading platform, the majority of FTX subsidiaries around the world have been resuming ordinary course payment of salary and benefits to its employees worldwide and certain
Over the past few weeks, a lot of catastrophic events have taken place in the global cryptocurrency market. Also, the crypto exchange FTX fallout alarmed several big-shot companies and many people in the cryptocurrency community, and the global crypto industry faced cold selling pressure. While the crypto lending platform BlockFi
In order to devote more resources to its other blockchain endeavors, Japanese company Line has decided to close its U.S. exchange Bitfront around the upcoming New Year. The messaging platform announced in an email to users that it would no longer be accepting new signups as of today and would
The effects of Sam Bankman-Fried’s FTX crypto empire demise have drawn further scrutiny from the Singapore government. On Nov 11, the FTX exchange filed for bankruptcy, and it’s unclear whether the platform obtained money from users for sister trading company Alameda Research. Following that, Big-shot firms are still separating themselves
