Tag: Forex Trading

Bitcoin evangelists may breathe.  They must tell themselves that their wildest predictions will probably come true.  For several days now, prices of the most popular cryptocurrency have been on the rise, breaking with a see-saw momentum seen since the bankruptcy of the FTX cryptocurrency exchange on Nov. 11. Bitcoin (BTC) prices were hovering around $20,749.71…

When cryptocurrency exchange FTX raised $400 million from investors such as Softbank, Temasek, Tiger Global, and others in January of 2022, its net worth took off. The funding, in amazing fashion, soon lifted its value to $32 billion. By November, it was bankrupt. While FTX pumped up its reputation with big-name investors, it was also allying…

Share to FacebookShare to TwitterShare to LinkedinTopline No one bagged Tuesday night’s billion-dollar Mega Millions draw, the lottery operator said, sending the jackpot soaring to $1.35 billion for the next draw on Friday the 13th, one of the largest prizes in U.S. lottery history that many will hope to claim despite the unlucky date, though…

Coinbase Chief Executive Brian Armstrong does not mince words.  Nearly two months after rival Sam Bankman-Fried’s empire went bankrupt, he’s just delivered a massive blow to what until recently was the institutional face of crypto. Bankman-Fried’s empire consisted of the FTX cryptocurrency exchange. Before its rout, it was the third largest cryptocurrency exchange based on…

Share to FacebookShare to TwitterShare to LinkedinBarry Silbert, founder and chief executive officer of Digital Currency Group Inc., speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, U.S., on Thursday, May 9, 2019. (Joe Buglewicz/Bloomberg) © 2019 Bloomberg Finance LP Digital Currency Group CEO Barry Silbert has been accused of fraud by his…

The bankruptcy of Sam Bankman-Fried’s crypto empire continues to cause waves in the crypto space.  The various firms continue to monitor each other to find out who will be the next collateral victims of this disaster after the lender BlockFi went down. All eyes have been on lender Genesis, a subsidiary of crypto juggernaut Digital…

Share to FacebookShare to TwitterShare to LinkedinRep. Byron Donalds (R-Fla.) speaks to the media outside the Capitol on Jan. 4. Donalds was nominated along with GOP Leader Kevin McCarthy (R-Calif.) to be Speaker of the House. (Photo by Matt McClain/The Washington Post via Getty Images) The Washington Post via Getty Images The campaign for Rep.…

A disastrous year for cryptocurrencies culminated in the infamous November 2022 collapse of the now-bankrupt FTX exchange. The rapid fall of FTX had devastating effects on the entire crypto-asset sector and led to several other bankruptcies. Sam Bankman-Fried, the former FTX CEO, after a series of revelations and legal actions, ended up pleading not guilty…

The Solana cryptocurrency nightmare seems endless.  The token, known as SOL, is one of the few cryptocurrencies directly linked to Sam Bankman-Fried, the disgraced king of the crypto sphere who filed for Chapter 11 bankruptcy of his crypto empire on November 11. FTX, the exchange cryptocurrencies he co-founded in May 2019, was unable to meet withdrawal…

Share to FacebookShare to TwitterShare to LinkedinBloomberg (3) The embattled cryptocurrency industry and its wealthy pioneers face a moment of reckoning after the collapse of crypto exchange FTX and hedge fund Alameda Research In January 2022, Sam Bankman-Fried was riding high. His Bahamas-based FTX had just raised $400 million from prominent venture capitalists at a…