FTX and its affiliates filed for bankruptcy in Delaware on November 11 in one of the highest-profile crypto blowups, leaving an estimated 1 million customers and other investors facing total losses in the billions of dollars.
The cryptocurrency exchange was seeking a lifeline after a liquidity crunch due to customers withdrawing funds at a frenetic pace.
The crypto world is reeling after fears that a liquidity crunch at FTX could spread contagion across the market.
Federal court sentences nuclear engineer Johnatan Toebbe and his wife Diana Toebbe for a plot to sell secrets about nuclear submarines to a foreign government — reportedly Brazil.
Tesla, of which Musk is CEO, started accepting dogecoin as payment for its merchandise early this year.
A number of US politicians are considering whether a stance on digital assets could win votes, as the crypto lobby’s footprint grows in Washington.
Hackers have grossed over $3 billion across 125 hacks so far, and is on track to beat last year’s figure of $3.2 billion.
Users from the Middle East and North Africa received $566 billion in crypto from July 2021 to June 2022 – up 48 percent from the previous year.
Türkiye had issued an international arrest warrant for Faruk Fatih Ozer after he fled with a reported $2 billion in investors' assets last year.
The second-largest cryptocurrency’s blockchain is preparing to transition to a ‘proof-of-stake’ protocol, which is expected to make the network more efficient, sustainable and scalable.
The 30-year-old billionaire CEO of crypto exchange FTX has stepped in to bail out the industry to stem contagion, much like another industry titan did a century ago.
Crypto prices have cratered for multiple reasons, from interest rate hikes to growing inflation, and market contagion from last month’s collapse of the UST stablecoin.
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