Business – Page 76 – Miami Crypto Coin

Sam Bankman-Fried is ‘deeply sorry’ for collapse in letter to FTX team

Post author:MiamiCrypto
Post published:November 23, 2022
Post category:Bankruptcy Business Cryptocurrency Exchange ftx Sam Bankman-Fried

The former CEO described his role in the exchange's downfall as a failure in oversight, saying he should have been "more skeptical of large margin positions."

High sentiment in FTX’s shadow: event recap for Texas Blockchain Summit

Post author:MiamiCrypto
Post published:November 21, 2022
Post category:Blockchain Business Conference event recap texas

Though the mood among many who showed up in Austin was bullish, most commented on the collapse of FTX and the drop in the price of Bitcoin.

FTX Japan plans to resume withdrawals by 2023: Report

Post author:MiamiCrypto
Post published:November 21, 2022
Post category:Bankruptcy Business Cryptocurrency Exchange ftx Japan

Japan’s Financial Services Agency requested the exchange suspend business orders on Nov. 10 prior to FTX Group declaring bankruptcy in the United States.

Binance Mulls FTX White Knight Role—What Comes Next?

Post author:MiamiCrypto
Post published:November 17, 2022
Post category:Binance Business ftx genesis Voyager Digital

This incident will set us back a bit, but then the industry will become healthier, Binance CEO Changpeng CZ Zhao said in a CNBC interview today. Binance Weighs Rescue Plan...

Sam Bankman-Fried updates investors: ‘We got overconfident and careless,’ claims $13B leverage

Post author:MiamiCrypto
Post published:November 16, 2022
Post category:Bankruptcy Business Cryptocurrency Exchange ftx Sam Bankman-Fried

"I was on the cover of every magazine, and FTX was the darling of Silicon Valley," said the former CEO on the crypto firm's path to bankruptcy.

DeFi platforms see profits amid FTX collapse and CEX exodus

Post author:MiamiCrypto
Post published:November 16, 2022
Post category:Adoption Altcoin Bitcoin Bitcoin Price Blockchain Business Cryptocurrencies Cryptocurrency Exchange DeFi DEX Ethereum Ethereum 2.0 ftx Markets

On-chain data flashed positive for DEXs and an increase in protocol revenue, even as markets corrected due to FTX’s insolvency.

Billionaires lose billions: What’s happening with Elon Musk and Sam Bankman-Fried?

Post author:MiamiCrypto
Post published:November 11, 2022
Post category:Business Elon Musk ftx Sam Bankman-Fried Twitter

Sam Bankman-Fried no longer qualifies for a listing on the Bloomberg Billionaires Index, while Elon Musk's reported net worth has dropped by more than $86 billion in recent days.

FTX, FTX US and Alameda will file for Chapter 11 bankruptcy in US; SBF resigns

Post author:MiamiCrypto
Post published:November 11, 2022
Post category:Bankruptcy Business Cryptocurrency Exchange ftx United States

FTX CEO Sam Bankman-Fried has resigned from his position but will “remain to assist in an orderly transition” before being succeeded by John Ray.

Sam Bankman-Fried apologizes for FTX liquidity crisis: ‘I fucked up twice’

Post author:MiamiCrypto
Post published:November 10, 2022
Post category:Business Cryptocurrency Exchange ftx FTX Token Sam Bankman-Fried

According to the FTX CEO, Alameda Research was also “winding down trading” but United States-based exchange FTX US “was not financially impacted” by recent events.

MachineFi Wants to Connect the World to Web3 Through W3bstream

Post author:MiamiCrypto
Post published:November 9, 2022
Post category:Business Iotex MachineFi W3bstream

MachineFi Lab is releasing a new product, W3bstream, which aims to help the traditional world integrate blockchain technology. Disrupting the Machine Economy The traditional world now has a new tool...