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FTT Breaks $1 Support for the First Time Since FTX Collapsed, Token Struggles With Dwindling Trade Volume

Despite FTX’s collapse last month, the trading platform’s crypto token FTT had managed to not plummet all the way down to zero, and surprisingly it hovered below the $2 per…

Continue ReadingFTT Breaks $1 Support for the First Time Since FTX Collapsed, Token Struggles With Dwindling Trade Volume

FTX Creditors Could Recover up to 40% of Their Funds, Says Jefferies (Report)

The global investment banking firm – Jefferies Group – reportedly determined FTX creditors could retrieve as much as 40% of their lost money. In an interview for The Block, Joseph Femenia…

Continue ReadingFTX Creditors Could Recover up to 40% of Their Funds, Says Jefferies (Report)

Report: FTX Co-Founder Bankman-Fried Plans to Surrender to US Extradition Request

Disgraced FTX co-founder Sam Bankman-Fried (SBF) has reportedly reversed his decision to contest his extradition to the United States. Bankman-Fried has spent close to five days in the Bahamas Department…

Continue ReadingReport: FTX Co-Founder Bankman-Fried Plans to Surrender to US Extradition Request

Bitcoin Rollercoaster on US Inflation Data, SBF’s Arrest, and MetaMask’s PayPal Collab: This Week’s Recap

The biggest news of the past seven days is undoubtedly the arrest of the former CEO of FTX – Sam Bankman-Fried. This took place on December 13th in the Bahamas…

Continue ReadingBitcoin Rollercoaster on US Inflation Data, SBF’s Arrest, and MetaMask’s PayPal Collab: This Week’s Recap

Bitcoin Touches $18K on Release of US Inflation Numbers (Market Watch)

The past 24 hours were particularly eventful in the cryptocurrency markets as a storm of news hit from all fronts. In sum, the market reacted positively and topped $900 billion,…

Continue ReadingBitcoin Touches $18K on Release of US Inflation Numbers (Market Watch)

SBF To Spend Christmas In Prison After Being Denied Parole By The Bahamas

On December 13, 2022, Bahamian authorities denied parole to Sam Bankman-Fried, also known as SBF, after he was charged by U.S. lawmakers with eight counts of financial fraud. As reported…

Continue ReadingSBF To Spend Christmas In Prison After Being Denied Parole By The Bahamas