[ad_1] Sam Bankman-Fried, the founder and former CEO of crypto currency exchange FTX, is escorted out of the Magistrate Court building in Nassau, Bahamas on December 21, 2022. | Photo Credit: Reuters The cryptocurrency entrepreneur Sam Bankman-Fried can post $250 million bond and live in his parents’ home in California while he awaits trial on […]
Continue Reading
[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 […]
Continue Reading
[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 […]
Continue Reading
[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 […]
Continue Reading
[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 […]
Continue Reading
[ad_1] Not long after dropping out of college to pursue a career in cryptocurrencies, Ben Weintraub woke up to some bad news. Weintraub and two classmates from the University of Chicago had spent the past few months working on a software platform called Beanstalk, which offered a stablecoin, a type of cryptocurrency with a fixed […]
Continue Reading
[ad_1] Twenty-five-year-old Preksha Kasbe, a student based in Pune woke up to a DM on Instagram from her friend Sonali who she knew from school. Excited, she responded to her message chatting about life in general as friends do. “But then Sonali switched the conversation to crypto investments and how it changed her life completely,” […]
Continue Reading
[ad_1] Google has added a countdown clock displaying the number of hours left for Ethereum Merge to occur. The Merge is an event that aims to switch Ethereum’s network from Proof-of-Work (PoW) to the Proof-of-Stake (PoS) algorithm. It is all set to change the working of the blockchain, with the aim to make the Ethereum […]
Continue Reading
[ad_1] The internet has become an essential part of our lives. We use it for work, pleasure, communication and more. The World Wide Web has changed the world in many ways. It has made information easier to find and share, opened up new opportunities for business and education, and brought people together who might never […]
Continue Reading
[ad_1] Thieves stole over $100 million worth of non-fungible tokens in the year to July, blockchain research firm Elliptic said on Wednesday, as the fast-emerging digital asset became a new front in crypto’s hacking problem. NFTs are blockchain-based assets that represent digital files such as images, video or text. The market surged in 2021 as […]
Continue Reading