cryptocurrency

Turmoil in the cryptocurrency industry has rattled major exchanges and sent the value of digital assets tumbling, but at least one group stands to gain: bankruptcy lawyers. Turmoil in the cryptocurrency industry has rattled major exchanges and sent the value of digital assets tumbling, but at least one group stands to gain: bankruptcy lawyers. High-profile bankruptcies involving crypto exchange FTX, hedge fund Three Arrows Capital and crypto lenders BlockFi, Celsius Network and Voyager Digital Ltd are generating new…

Back in April I paid $12 to “attend” a virtual event with 30-year-old crypto billionaire Sam Bankman-Fried. Around 45 other people registered for the Zoom, which was hosted by Manny Yekutiel, a San Francisco-based Democratic organizer and owner of the eponymous civic venue Manny’s. Yekutiel is an affable but astute questioner, who sat against a hot-pink sequin backdrop and pressed SBF (as he’s known) on crypto applications and regulation, concepts of liberty and freedom, and the potentially destructive means that might…

The Japanese subsidiary of failed crypto empire FTX said it is working to allow users in the country to withdraw their funds. The Japanese subsidiary of failed crypto empire FTX said it is working to allow users in the country to withdraw their funds, paving the way for a rare case of investors getting money back from the collapsed exchange. The plan for the resumption of withdrawal services, which were first suspended on Nov. 8, has been approved by the new FTX Trading management team, according to an update on its…

Bankman-Fried’s fortune at one point reached $26 billion, and just weeks ago he was described as the John Pierpont Morgan of digital assets, willing to use his wealth to bail out the industry. FTX founder Sam Bankman-Fried reiterated that he wasn't aware of any improper transactions involving funds from the exchange and his Alameda Research trading business while his crypto empire collapsed. “I did not know of any improper use of customer funds,” Bankman-Fried said in response to a question during a taped interview…

Cryptocurrency exchange Kraken said on Wednesday it would cut its global workforce by 30%. Cryptocurrency exchange Kraken said on Wednesday it would cut its global workforce by 30%, or about 1,100 employees, citing tough market conditions that have crippled demand for digital assets this year. Higher interest rates and worries of an economic downturn have roiled cryptocurrencies as investors fled risky assets, with recent bankruptcies adding to the uncertainty. "Since the start of this year, macroeconomic and…

New Cryptocurrency Plona (PLON) Could 10x By Christmas While Bitcoin (BTC), Ethereum (ETH) Dip by IndustryTrends December 1, 2022 Christmas is the time of the year when everyone wants to sit back and enjoy all the year’s hard work. For crypto investors, the outlook could be better, given the current state of the market. But, new cryptocurrencies like Plona (PLON) could give investors a much-needed break from the bear market. Why is Bitcoin (BTC) down?Bitcoin (BTC) is the king of cryptocurrencies. Its price usually…

Ethereum (ETH), Cardano (ADA), and Dogeliens (DOGET) are three cryptocurrencies with outstanding NFTs in the crypto market. In such a saturated space, innovative, attractive, and lucrative tokens should not be taken lightly. Since emerging onto the scene in May 2014, the number of NFTs created is vast and it’s not easy for a crypto beginner to detect what is and isn’t worth investing in. NFTs or non-fungible tokens come in all shapes and sizes. From event tickets, collectables, and artwork to music and virtual…

This article features the top ten cryptocurrency prices today on November 28, 2022 The total crypto market volume over the last 24 hours is US$45.57 billion, which makes a 33.33% increase. Bitcoin price falls below US$17k and other cryptocurrencies like Ethereum and Binance coin are also struggling. Here are the top 10 cryptocurrency prices today for you to check before investing.    Analytics Insight lists the top 10 current cryptocurrency prices on November 28, 2022  Bitcoin (BTC)- US$16,214.27 (down by 2.01%)…

Money, digital or fiat, depends on faith in the institutions that back it. The Iraqi dinar was ahead of its time. Years before Bitcoin was invented, American day traders were lured by the viral economic narrative that the Iraqi currency was a ticket to retirement riches following Saddam Hussein's downfall. Economists and regulators warned it was a gamble, but punters still paid high fees to own an illiquid currency that some thought might just become the most valuable in the world. Instead, it was devalued by 20% in…

Binance on Wednesday announced its first licence in East Asia with the acquisition of Japan's officially regulated Sakura Exchange BitCoin. The world's largest cryptocurrency platform Binance on Wednesday announced its first licence in East Asia with the acquisition of Japan's officially regulated Sakura Exchange BitCoin. Binance has been in the spotlight since the dramatic collapse of rival platform FTX this month. Changpeng Zhao, the Chinese-Canadian head of Binance, pledged last week to release an audit into…