“FTX is fine. Assets are fine,” Sam Bankman Fried said in a tweet on November 7 just four days before crypto exchange FTX filed for Chapter 11 bankruptcy. Virtually no one saw it coming except for a few people in […]
In 2020, we wrote about the US Federal Reserve after the central bank announced a plan to create its own Digital Dollar Wallet in 2021. It was part of the U.S. government’s efforts to launch the U.S. central bank digital currency (CBDC) and maintain the […]
It’s just Tuesday and it’s looking like the repeat of last week. Last week, crypto lender BlockFi suspended withdrawals as fear of insolvency and liquidity crunch spreads across crypto markets. Then this week, BlockFi is preparing for bankruptcy, forming a new […]
As FTX’s house of cards comes crashing back down to earth, it’s now becoming apparent that Sam Bankman-Fried’s crypto exchange is nothing but a shell company launched to funnel and launder money to the Democratic Party and also ensure that […]
Less than a week after BlockFi suspended withdrawals for thousands of its customers, the beleaguered crypto lender is now preparing for potential bankruptcy following the collapse of the crypto exchange FTX, the Wall Street Journal reported Tuesday. BlockFi is the […]
Bishop Fox, a Phoenix-based startup and an emerging offensive security player, has closed its Series B round totaling $129 million led by WestCap. The Series B extension consists of $46 million from lead investor WestCap with additional participation from NextEquity and Rockpool Capital. The latest […]
The economic recession that started in the United States early this year is beginning to spread to the Asian market. Ecommerce giant Shopee, also known as the Amazon of Asia, becomes the latest tech company to announce a new round of layoffs. […]
Opn, a Japanese unicorn startup and digital payments processor, has acquired Alpharetta, Georgia-based tech startup MerchantE from U.S. investment firm Integrum Holdings to make inroads into the U.S. online payment market. The total amount of the transaction was not disclosed, but a […]
Elon Musk didn’t become an overnight billionaire by accident. He not only outworks most people but also outsmarts them with laser-focused execution and achieving results even when all cards are stacked against him. Musk’s work ethic was on display after he tweeted an […]
Disgraced FTX founder and former CEO Sam Bankman-Fried has reportedly listed his $40 million penthouse for sale in the Bahamas. The revelation comes less than a week after Bankman-Fried resigned from the company as the CEO. The 12,000 square-foot penthouse is […]
Amazon is planning to lay off approx. 10,000 employees in corporate and technology jobs starting as soon as this week, the New York Times reported, citing people with knowledge of the matter said. The layoff would be the largest job […]
In this time of social and global division, London, England-based mobile gaming startup Landmark Games believes adventures can bring us closer together and great social experiences through its social gameplay playable only on smartphones. Landmark was launched just a year ago by the […]
On July 7, 2021, Jeff Bezos stepped down as Amazon’s CEO, the company he founded in a home garage in 1994. Following the announcement, Bezos said he planned to spend the rest of his time on passion projects like his space company […]
A conglomerate of the industry’s leading companies and influencers have teamed up for the inaugural GAM3 Awards, which aim to become the Grammys for web3 gaming. The event, hosted by Polkastarter Gaming on December 15, will recognize this year’s best […]
Last week was probably the craziest week in crypto history as millions of crypto investors scrambled to withdraw their funds following the collapse of the now-bankrupt crypto exchange FTX. A few days after the collapse, BlockFi suspended withdrawals as fear of […]
Following the collapse of FTX last week, companies have begun to cut their ties with the now-bankrupt crypto exchange. The latest is Visa, the world’s largest payments processor. On Sunday, Visa announced it was severing its global credit card agreements with collapsed […]
In the wake of the FTX scandal and fallout, Crypto.com CEO Kris Marszalek took to Twitter on Friday to reassure jittery investors that the company is financially sound and not facing the same liquidity crisis that led to the fall of […]
It’s an epic fall from grace. In just a matter of days, FTX founder and CEO Sam Bankman-Fried (also known as SBF) went from being a multi-billionaire with at least a $16 billion net worth to losing all of his […]
As the story of the collapse of FTX unfolds, investors are beginning to worry about the fallout and long-term implications on the entire crypto industry. The fall of FTX has reignited discussions about the opaque nature of crypto exchanges, their lack […]
Just when you think it can’t get any worse, Reuters reported early this morning that disgraced FTX founder Sam Bankman-Fried secretly moved $10 billion to Alameda Research using a “backdoor” he built into FTX software without alerting external auditors. According to […]
