In a matter of weeks, two major players in the tech industry have seen their net worth drop by billions of dollars — partly the result of their own business decisions. Sam Bankman-Fried, the now former CEO of crypto exchange FTX, reportedly had a net worth of roughly $24 billion in March and $16 billion as recently as Nov. 7, […]

The cryptocurrency market has been attempting a price recovery after crashing hard in the last few days. According to data from crypto market intelligence platform Santiment, Ethereum sharks and whales have been the leading contributors to the price surge with their accumulation. Per Santiment’s data, Ethereum addresses holding between 100-1 million Ether (ETH) tokens added 657,390 ETH to their bags […]

Binance CEO Changpeng Zhao mentioned India’s high crypto taxes as something that can kill the Indian cryptocurrency sector. He said this while speaking at the Singapore Fintech Festival. “India has high tax which is probably going to kill the industry,” he said. He was referring to the 1% transaction tax and 30% capital gains tax introduced through the annual budget […]

Ripple chief technology officer David Schwartz has indicated that FTX employees are welcome to pursue careers at the blockchain cross-border payments company after the epic collapse of Sam Bankman-Fried’s empire. The offer comes as FTX files for Chapter 11 bankruptcy protections. Bankman-Fried has also resigned, entering the fifth day of the crypto exchange’s catastrophic meltdown due to a liquidity crunch. […]

The Securities and Exchange Commission of Cyprus, or CySEC, reportedly issued a statement amid FTX filing for Chapter 11 bankruptcy in the United States that the regulator requested the exchange halt operations for its Europe arm. According to a Nov. 11 Reuters report, the CySEC said it had asked FTX Europe to “suspend its operations and to proceed immediately with […]

The price of Ethereum (ETH) is in a downtrend after falling to a low of $1,073 on November 9. The largest altcoin is likely to fall further while it is corrected upward. The high of $1,350 has prevented an upward correction. The Ether price has been moving between $1,070 and $1,350 for the past three days. If buyers manage to […]

Data from the Solana ($SOL) blockchain has revealed that a large whale is facing a potential liquidation of around $52 million worth of the cryptocurrency as its price tumbles over the collapse of the popular cryptocurrency trading platform FTX. According to popular crypto journalist Colin Wu, a Solana whale is in liquidation and currently has over 2.4 million SOL in […]

Stablecoin issuer Tether Holdings Limited published its latest quarterly attestation on Nov. 10, highlighting the “extremely liquid” nature of its assets at a time when crypto markets were reeling from news of FTX’s apparent insolvency.  Eighty-two percent of Tether’s reserves were held in cash, cash equivalents and other short-term deposits as of Sept. 30, 2022, the company disclosed in its […]