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Reports Claim Beleaguered Crypto Exchange FTX Seeks Over $9 Billion From Investors

On Nov. 10, 2022, two reports said that FTX CEO Sam Bankman-Fried (SBF) is canvassing for emergency funds up to $9.4 billion for the embattled exchange. One report says that…

Continue ReadingReports Claim Beleaguered Crypto Exchange FTX Seeks Over $9 Billion From Investors

From a $32 Billion Valuation to Financial Troubles: An In-Depth Look at the Rise and Fall of FTX

During the last two days, the cryptocurrency community has been dealing with the FTX fiasco after Binance revealed that it was backing out of the deal to acquire the rival…

Continue ReadingFrom a $32 Billion Valuation to Financial Troubles: An In-Depth Look at the Rise and Fall of FTX

Stablecoin Blues: $3 Billion Erased From the Dollar-Pegged Token Economy, HUSD Depegs, USDC Supply Drops 10%

Over three billion in value was erased from the stablecoin economy during the past 30 days. The trend occurred despite the number of tethers in circulation rising by 2.2% last…

Continue ReadingStablecoin Blues: $3 Billion Erased From the Dollar-Pegged Token Economy, HUSD Depegs, USDC Supply Drops 10%