Mercedes Will Not Remove FTX Logo From its F1 Cars
Despite the crash of the crypto exchange FTX, the Mercedes Formula One team vowed not to remove the company’s logo from its race cars. Still, the F1 squad said they…
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Binance CZ: FTX Demise is Crypto’s 2008 Financial Crisis
Changpeng Zhao (CZ), CEO of the world’s largest cryptocurrency exchange Binance, has expressed his belief in the ability of the crypto market to heal itself once the full impact of…
Bitcoin Plunges Toward $16K on More FTX Bad News (Market Watch)
The past couple of days have been a complete rollercoaster in the cryptocurrency field, and there are no signs of slowing down. Just yesterday, FTX officially filed for voluntary Chapter…
Over $400 Million Drained From FTX Account Hours After Declaring Bankruptcy
The problems with FTX don’t seem to stop. After failing to honor customer withdrawals, revealing a multi-billion hole in its balance sheet, and ultimately declaring bankruptcy, the exchange is suffering…
The Dont Have Anything We Dont Have: CZ on Why The FTX Deal Fell Through
FTX has lost several potential rescuers after shady details of the internal workings continue to emerge. The biggest setback was Binance pulling out of the deal. But according to the…
FTX Collapse Triggers Over 80K Bitcoin Outflow From Exchanges
FTX’s collapse has significantly dented the confidence of investors in centralized crypto exchanges. Amidst the subsequent financial turmoil and reports about the troubled crypto exchange tapping customer funds to fund…
FTX Melts Down, Crypto Market in Fear of Massive Contagion: This Week’s Recap
The past seven days were undoubtedly the most emotional, unexpected, and for many – devastating in a long time. One of the world’s leading cryptocurrency exchanges – FTX – filed…
FTX and Alameda File for Bankruptcy, SBF Resigns as CEO
FTX has filed for Chapter 11 Proceedings in the United States. This follows the fiasco over the past couple of days where the company failed to honor its customer’s withdrawal…
California Regulator Reveals Investigation Into FTX’s Failure, Says ‘Crypto Assets Are High-Risk Investments’
After it was discovered that FTX was dealing with financial issues and the crypto exchange paused withdrawals, U.S. regulators started to take notice. On Nov. 10, 2022, California’s Department of…
El Salvador Does Not Hold Any BTC on FTX, Said Changpeng Zhao
The President of El Salvador – Nayib Bukele – reportedly dismissed the arising rumors that his country holds its bitcoin stash on the battered cryptocurrency exchange FTX. The information was…
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