Breaking news coverage from cryptocurrency world about key figures, exchanges, startups, investment, applications, regulation and more.
While no particular country has gotten a perfect check when it comes to the evolution of digital currencies, some nations are arguably more advanced in terms of the regulation governing the industry than others.
Amid the ongoing FTX financial crisis, Sequoia Capital has marked its $210 million investment with the exchange down to zero.
Justin Sun did not state any details about the solution he is working on with FTX.
From the current reality, FTX is likely to file for bankruptcy protection if it does not get the cash injections it needed to fulfill customers’ withdrawal requests.
Binance is reportedly having second thoughts about acquiring FTX after reviewing the embattled exchange’s financials.
The massive liquidity crisis at the FTX exchange has prompted calls for clear regulations in the US crypto market.
E-commerce giant Amazon becomes the first publicly-traded company to lose $1 trillion in stock value amid economic recession.
Foxconn’s major production base in central China, with around 200,000 employees, is currently not operating.
Musk described how paid verification, which will now be offered with its reinvented Twitter Blue subscription, along with help from the creators’ community, would be able to steer the site towards a payments system on the platform.
Binance backs out of the FTX deal citing concerns over the mishandling of customers’ funds by FTX and alleged US agency investigations. The Crypto market loses another $100 billion.
Tesla share’s value was expected to decline following the sustained cryptocurrency crash in the past few months.
Bitcoin is in free fall and trading at around $16,700. A short-term squeeze is expected as institutional investors jump in to buy the dip.
RBC Capital Markets experts believe that the staff layoff is not the solution to the numerous challenges the company is currently facing.
The news came as FTX faced an apparent liquidity crunch following the collapse of its native token.
Sorare was last valued at $4.3 billion, with more than 2 million users in over 185 countries.