CEO Bankman-Fried Resigns as FTX Files for Bankruptcy Protection in The U.S.
The post CEO Bankman-Fried Resigns as FTX Files for Bankruptcy Protection in The U.S. appeared first on Coinpedia Fintech News Days after bigger rival Binance withdrew from a planned acquisition, the announcements were made. On November 11 – The troubled…
Harsh ‘resets’ are actually healthy for the cryptocurrency industry
Published by City AM By Darren Parkin The week in reviewwith Jason Deane Perhaps one day we’ll have a quiet enough week that I have a hope of summarising everything that’s happening in a paragraph or two. But this is…
Bitcoin could tumble to $13,000 amid FTX crisis, JP Morgan warns
Published by City AM By Charlie Conchie Bitcoin could tumble to as low as $13,000 as the industry is rocked by the crisis at the crypto exchange FTX, JP Morgan has warned. The digital asset bourse was plunged into fresh…
The Current Downturn And The Future Of Crypto
Published by ValueWalk The recent economic slump has caused many investors who were once focused on ushering in the future of finance to pivot towards surviving the present. As a result, there has been a general decrease in overall enthusiasm…
S&P 500 Retreats From A Vulnerable Level – Winds Of Change
Published by ValueWalk Making a fine run, S&P 500 retreated from a vulnerable level of 3,865, but the bulls didn‘t give up totally since. Still, this tough 3,848 – 3,855 resistance held, the breakout was rejected, and another attempt has…
Crypto market rocked by FTX near-collapse
Published by City AM By Charlie Conchie The cryptocurrency market has plunged in value today as it reels from the near-collapse of one of the biggest exchanges, FTX, last night. FTX, which has bailed-out a host of ailing firms in…
FTX collapse gives crypto sector ‘another black eye’
Published by AFP New York (AFP) – Even for a sector regularly rocked by bankruptcies, the collapse of FTX –- a cryptocurrency platform worth $32 billion at the beginning of the year — came as a shock. FTX founder Sam…
Midweek markets: US dollar disappoints on the back of a slide in yields
Published by City AM By Michiel Willems With most of the market attention on the US mid-terms action can only be characterised as bitty. There was no real catalyst for any of the moves we saw yesterday, with some of…
Breaking! Binance To Finally Acquire FTX To Resolve Liquidity Crunch
The post Breaking! Binance To Finally Acquire FTX To Resolve Liquidity Crunch appeared first on Coinpedia Fintech News A lengthy public war of words between two cryptocurrency exchange giants may come to an end as Binance is now all set…
Crypto kid Sam Bankman-Fried falls prey to Binance
Published by AFP Paris (AFP) – Sam Bankman-Fried has undergone a rapid transformation from top of the heap in the world of cryptocurrencies as chief of the FTX digital exchange to embattled executive forced to seek help from rival Binance….