Troubled cryptocurrency exchange FTX said it filed for voluntary Chapter 11 bankruptcy in a Delaware court on Friday, and that Chief Executive Officer Sam Bankman-Fried has resigned. In a statement Read more
Tag: cryptocurrency
FTX problems mean big headaches for its private equity investors
Privately-held FTX’s pending sale to its rival Binance could suck out billions in net worth not only from FTX founder Sam Bankman-Fried’s fortune, but also a deep bench of blue Read more
Who is Satoshi Nakamoto and what does his 14-year-old bitcoin white paper mean for the cryptocurrency today?
It’s bitcoin white paper day. On Oct. 31, 2008, a person or a group of people using the pseudonym Satoshi Nakamoto sent a 9-page paper to a mailing list of Read more
Rich millennials say this is the best long-term investment
Millionaire millennials haven’t been deterred by this year’s collapse in cryptocurrencies and “nonfungible tokens” and still see them as the No. 1 way to build long-term wealth, a new study finds. Those aged Read more
‘Fraud is fraud’: Former Coinbase manager charged in first-ever cryptocurrency insider-trading case
A former Coinbase product manager has been charged in the first-ever cryptocurrency insider-trading case, for allegedly tipping his brother and a friend to upcoming asset listings that weren’t yet publicly Read more
After Tesla sold most of its bitcoin, Elon Musk says he is open to buying more, though ‘cryptocurrency is a side show’
Tesla Inc. sold most of its bitcoin, seemingly at a loss, but Chief Executive Elon Musk suggested Wednesday that executives would be willing to purchase more in the future while Read more
After China and US UK crackdown on cryptocurrency exchanges, bitcoin price falls again
The dark days of bitcoin investors are not over. After China and Iran tightened their grip on the cryptocurrency market, now a move by the UK has affected the price Read more
Following China’s embargo, the company that made bitcoin and cryptocurrency miners ceases sales
The cryptocurrency market is witnessing a downtrend due to the back-to-back actions taken by China regarding cryptocurrencies. First, China banned its financial institutions and payment companies from conducting transactions or Read more
Cryptocurrency is becoming a source of black money, more than 1 thousand accused arrested in China
Police in China recently caught a large racket of cryptocurrency-related robbery gangs. Police have made these arrests into action on suspicion of using cryptocurrencies to launder illegal proceeds from telephone Read more
The Enforcement Directorate (ED) sent a show cause notice to the WazirX cryptocurrency exchange in connection with the scam!
Leading Indian cryptocurrency exchange WazirX has received a show cause notice from the Enforcement Directorate (ED) for violating FEMA (1999) for cryptocurrency transactions worth Rs 2,790.74 crore. The enforcement agency Read more