[ad_1] Cryptocurrency exchange AAX has suspended withdrawals, citing a glitch in a system upgrade. AAX is a relatively small crypto exchange: data from CoinGecko showed that trading volumes over the last month peaked at around $2 billion. Over the last 24 hours, that number had dwindled to around $180,000. By contrast, Coinbase volumes were more […]
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[ad_1] Once hailed as crypto’s white knight, Sam Bankman-Fried has had a meteoric fall from heights after a bombshell report that questioned the stability of Bankman-Fried’s crypto empire, which consists of Alameda Research and FTX. The report by CoinDesk triggered an avalanche of customer withdrawals, with FTX seeing an estimated $6 billion in withdrawals over […]
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[ad_1] With inflation still roaring, it is a hard time to make a case for the value of central banks. But the boy wizards of cryptocurrency have done it. The great benefit of crypto was said to be decentralization. This was accompanied by all manner of gasbagging about the liberating power of money unhinged from […]
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[ad_1] FTX is scrambling to raise about $9.4 billion from investors and rivals, a source said on Thursday, as Chief Executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been buffeted by a rush of customer withdrawals. Bankman-Fried has discussed raising $1 billion each from Justin Sun, the founder of crypto token […]
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[ad_1] On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off-guard with a somber message. “I’m sorry,” he told them. “I fucked up.” The reason for the mea culpa: His announcement half an hour earlier that FTX’s arch-rival, Binance, planned to mount a shock takeover of its main trading platform to […]
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[ad_1] The government plans to move ahead with its discussions for framing an overarching regulatory and taxation framework for crypto assets, a move which had been stalled in anticipation of a global consensus and framework on the issue. With the Organisation for Economic Co-operation and Development (OECD) giving final shape to the cross-border reporting framework […]
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[ad_1] The Bam Bam Beach bitcoin bar, on an uncrowded beach in southwestern Portugal, is the meeting place. To get there, you drive past a boat harbor, oceanside hotels and apartment buildings, then park near a sleepy seafood restaurant and walk down a wooden path that cuts through a sand dune. Yellow bitcoin flags blow […]
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[ad_1] The cryptocurrency market is a volatile beast. The digital token price rollercoaster has recently seen Bitcoin fall from grace and then rebound almost immediately. This volatility is the result of market manipulation, companies going bankrupt and investors getting hacked. But it’s also exactly what makes crypto so appealing for investors looking for high returns. […]
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[ad_1] What if you could take the smallest risk possible that might change your life? That’s what a young man from Bangalore did by dropping out of college to start his own business. With an initial capital of just Rs 30,000, Shubham Saini, a 22-year-old student set up a tea stall named ‘The Frustrated drop […]
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[ad_1] It’s no mystery that the world of cryptocurrency can be an intimidating one for anyone new to it. With so many unknown terms floating around, it’s easy to feel like you need an insider to understand what’s going on. Thankfully, we’ve got you covered. If you are reading this, chances are you have already […]
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