Investors’ faith in centralized cryptocurrency exchanges has been severely shaken by the demise of FTX. The safety of users’ funds has reemerged as a topic of discussion in the wake of the ensuing financial turbulence. And stories about the failing crypto exchange using user cash to support reckless wagers. Some
Dogecoin (DOGE) had a little price increase when Tesla CEO Elon Musk mentioned it. In an interesting twist, the new Twitter boss declared “Dogecoin (DOGE) To The Moon” at his Twitter space on Saturday. Musk made the remarks in a Twitter space created by Mario Nawfal, the Founder of the
On Thursday, experts at JPMorgan Chase, headed by global market strategist Nikolaos Panigirtzoglou, released their assessment of the FTX scenario and bitcoin price forecast. The researchers elaborated on the decline in the number of strong competitors in the crypto market. The analyst stated: “What makes this new phase of crypto
Aptos, a layer 1 blockchain infrastructure company, has partnered with Google Cloud to power some of its validator nodes. Aptos co-founder and CEO Mo Shaikh spoke alongside Simon Baksys, the go-to-market, and business development lead for Google’s Web3 division, on a panel at TOKEN2049 London about the partnership. Aptos and
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
Shiba Inu (SHIB), the meme token with a Japanese guard dog representation has become the talk of the town again. The dogecoin killer coin was one among the many other altcoins that suffered due to the fall of FTX.com. A few days back, whales shifted off nearly 1.5 trillion SHIB
In an interview, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), discussed cryptocurrency regulation and the demise of cryptocurrency exchange FTX. The chairman explained that investors suffer when cryptocurrency exchanges “mix up a bunch of customer money” without disclosure and “leverage borrowing against it,” without saying
Since Elon Musk took control of Twitter, many changes have occurred, and the number of parody accounts has significantly increased. This morning, Musk mentioned that parody accounts should make clear that they are parodies both in their names and bios. To be more precise, accounts doing parody impersonations. Basically, tricking
In his first address to the staff, the company’s new chief executive officer used a gloomy approach. Elon Musk’s first email to Twitter employees put a halt to remote work except as otherwise authorized personally. The new owner of the world’s largest social media site sent out an email to
Genesis Trading, the market maker and lending arm of Digital Currency Group, disclosed that its derivatives division had over $175 million funds stored in an FTX trading account. Also, the trading company confirmed that it has no ongoing business ties with FTX or Alameda Research, the cryptocurrency trading company run
