Bitcoin, Ethereum Keep Crypto Buzz Going
Digital currencies continue to feed off speculative trends far from anything material.
Digital currencies continue to feed off speculative trends far from anything material.
A $250 billion bond is believed to be the highest federal pretrial bond, which will be paid by Bankman-Fried’s parents as bail charges.
The RBI governor says private cryptos should be prohibited. If they are allowed to grow, they could cause the next financial crisis, he adds.
Binance.US, also known as BAM Trading Services Inc, emerged as the highest bidder in a bid by Voyager Digital to sell its assets.
Through the bankruptcy, the company has sought protection to restructure, settle its debts and recover money from investors.
CoinSwitch Pro will help traders discover and leverage the price movement of crypto assets across multiple exchanges simultaneously, creating new opportunities to make profits.
The crypto firm, which until last month was a shining star among crypto investors and enthusiasts, collapsed dramatically, wiping off billions of dollars of customer deposits overnight.
The development comes as the crypto exchange is undergoing investigation for financial discrepancies with millions of customers’ funds missing from the crypto exchange.
Crises emerged after reports about shaky financial health of Sam Bankman-Fried’s FTX and its sister firm Alameda Research gained ground and led to a huge selloff, causing a liquidity crunch.
Founded by MIT graduates Sam Bankman-Fried and Gary Wang just three years back, the crypto derivatives firm saw its net income rising from $17 mn to $388 mn on a year-on-year basis