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Tag: FTX

Crypto Today: The worst; BTC Decoupling; FTX Impact

Crypto Today: The worst; BTC Decoupling; FTX Impact

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Is the worst nearly over?  In this still-emerging business, volatility has always been a constant. Cryptocurrency is infamous for its steep declines and spectacular recoveries. Long-time Bitcoin supporters can confirm that this is not the first crypto winter. May cryptocurrency prices and stocks recover in 2023? Hany Rashwan, CEO of 21.co, a cryptocurrency investment business, said, “It is very evident that we as an...

Bankruptcy, Bitcoin, Cryptocurrencies, FTX, News, Sam Bankman-Fried

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BlockFi - bankruptcy - chapter 11

BlockFi’s U.S. bankruptcy filing

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Two weeks ago, BlockFi banned withdrawals owing to “lack of clarification over the fate of FTX.com, FTX US, and Alameda.” As previously mentioned by the BlockFi team, the move would be directly spurred by the demise of FTX, the business that initially offered a $400 million credit line to fund the crypto-lending startup. This is in addition to the exchange formed by Sam Bankman-option Fried’s to acquire for an additional...

Bankruptcy, Blockfi, Cryptocurrencies, Front page, FTX, Main, News, Sam Bankman-Fried

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Covid-Infected Bitcoin

How far does the FTX contagion go?

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Just as 2021 will be recognized as the year institutional money began to enter the crypto world, 2022 will surely be infamous for the seemingly endless list of problems and bankruptcies in the crypto world.  When it came out that Sam Bankman-Fried, the founder of FTX, had taken $10 billion off of FTX’s balance sheet to fix a problem at his sister quantitative trading firm, Alameda Research, the cryptomarkets became very...

Cryptocurrencies, Exchanges, Front page, FTX, News, Sam Bankman-Fried

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Kevin O'Leary

Kevin O’Leary: Idiot managers always get wiped out and that’s okay

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Bitcoin is held mainly by individuals, some family offices, and some hedge funds, but in the context of what can be a nothingburger. Is Bitcoin a hedge against inflation? So far it has not worked despite the absence of regulation, as it is not being indexed. It may be a chicken and egg conundrum, and may be more valuable than gold. However, institutions are allowed to own gold, and they own up to five percent of allocations or ETFs that...

Bitcoin, Crypto adoption, Crypto regulation, Cryptocurrencies, Ethereum, FTX, People in crypto

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FTX fallout - I fucked up - Sam Bankman-Fried

“I F*cked Up,” Declares FTX’s Founder

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According to Sequoia Capital, Bankman-Fried, 30, CEO of FTX crypto exchange, was ready to become the world’s first “trillionaire.” This week, FTX openly crumbled. Three days before, the letter said that “a rival is attempting to use fake information against us,” presumably targeting Binance. Before removing it, he tweeted, “FTX is ok and assets are fine.” Later, the biggest cryptocurrency...

$FTT, Binance, Crypto regulation, Exchanges, Front page, FTX, News

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