All by tag: Cryptocurrency

The entrepreneur also advised storing digital assets in cold wallets

The publication’s interlocutors noted the significant negative impact of the bankruptcy of the FTX exchange on the entire digital asset market

The platform’s team reported that as a result of errors during the upgrade data about the balance of some users are displayed incorrectly

Tom Emmer referred to the information in the reports provided to him but has not yet presented evidence

The SEC initiated an investigation to determine Sam Bankman-Fried’s involvement in the exchange’s liquidity crisis

The company’s representatives also asked users not to deposit their wallets or interest accounts

Experts predict when to expect new peaks of the crypto market by analyzing its previous cycles

According to Gary Gensler, the collapse of the exchange is part of a broader trend that has been observed in the crypto market over the past six months

The last time BTC traded at this level was in late 2020

Sam Bankman-Fried decided to take this step because his trading firm had suffered a series of deal losses

The platform is facing an $8 billion shortfall and needs $4 billion to remain solvent

The information came from a close source less than a day after the start of the due diligence of the crypto exchange