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 […]
Sam Bankman-Fried (also known as SBF) has resigned as the CEO of the crypto exchange FTX Group. John J. Ray III has been appointed the new CEO effective immediately. The sudden announcement comes just a day after SBF warned FTX investors of […]
After a daily barrage of news in the past five days over the collapse of the crypto market, we finally have some good news to share. Today, Thomson Reuters announced Friday it has acquired SurePrep, a 1040 tax automation software provider […]
While all eyes are on the collapse of FTX, another storm is brewing at BlockFi, a distressed crypto exchange that FTX bailed out in June with a $250 million revolving credit. Now, BlockFi is again fighting for its survival and […]
Apart from the dot-com bubble of 2009, this week is probably the craziest week in the tech industry. Tech companies including startups and big tech have so far laid off at least 118,865 employees with no end in sight. Five senior Twitter […]
While everyone was talking about the collapse of the crypto exchange FTX, there was another problem brewing on Twitter. Earlier today, the company’s chief security officer Lea Kissner on Thursday in a tweet said that she quit. A few hours later, […]
This week is probably the beginning of the end for FTX. The crypto exchange faces a series of bad news on multiple fronts. About an hour ago, the Wall Street Journal reported that FTX tapped into customer accounts to fund risky […]
In 2020, FTX founder and CEO Sam Bankman-Fried made headlines after donating a massive $5.2 million to Joe Biden’s campaign, earning him the title of the second-largest donor. However, Bankman-Fried’s fortunes seem poised for a downturn as he finds himself […]
Venture capital giant Sequoia Capital said crypto exchange FTX is only worth $0 after losing its entire $214 million investment in FTX via two funds. In a note to limited partners which was shared on Twitter, Sequoia says it invested over […]
As tech startups in the United States and Europe struggle to raise new funding, fintech startups in the Middle East and North Africa (MENA) region continue to thrive as they empower and democratize finance for customers and underserved SMEs. In a […]
Today is probably the craziest day we’ve ever seen in crypto markets. We’re watching the entire crypto industry unravel before our eyes as we witnessed the rise and fall of the once high-flying crypto exchange FTX. Once dubbed as the […]
Today is probably one of the worst days for FTX CEO Sam Bankman-Fried, who was once called the King of Crypto. It was one bad news after another. A few hours ago, Bankman-Fried told investors that the company is seeking emergency […]
Earlier today, we reported that Binance was strongly considering backing out of the FTX deal after learning that FTX’s financials are worse than let on. Now, the Wall Street Journal (WSJ) has just learned that Binance has backed out of the […]
As the Binance-FTX deal unfolds, it appears situations are getting worse by the minutes for the once high-flying crypto exchange startup. About an hour ago, Binance is reportedly leaning toward backing out of the entire FTX takeover deal after learning how about […]
Less than 24 hours after Binance reached a non-binding agreement to buy crypto exchange FTX, the world’s largest crypto exchange appears to have a change of mind. Binance is reportedly unlikely to move forward with deal acquisition after it learned that FTX’s […]
Blockchain and crypto hack is on the rise. In the past decade, hackers and scammers stole over $12 billion in crypto assets in the past decade. But the rate has accelerated this year as cybercriminals stole $1.4 billion in crypto […]
Less than 24 hours after Binance announced it has reached a non-binding agreement to buy crypto exchange FTX, FTT, the token native to FTX, lost most of its value and fell as low as $3.1 on Tuesday from its $22 price on […]
Yesterday, Binance announced it was acquiring the distressed crypto exchange FTX after a significant liquidity crunch. The news quickly sent shockwaves across the entire crypto sector causing major cryptocurrencies to lose about 10 percent of their values. The FTX-Binance deal contagion also spread to […]
