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Amid market uncertainties around Changpeng “CZ” Zhao’s departure as Binance CEO, defunct crypto exchange FTX’s native FTX Token (FTT) witnessed a brief bull run. FTT has surged in value over the past 48 hours, trading at $4.63 at the time of writing, a 28% increase from $3.56.FTT is experiencing another
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FTX’s lead attorney said that restarting the exchange would require significant capital and there was an internal debate about whether this money should come from FTX’s estate capital or through third-party capital. The legal team behind the debtors of the bankrupt crypto exchange FTX recently suggested that the exchange could consider
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FTX’s former CEO Sam Bankman-Fried has divulged what really went on in the days before it filed for bankruptcy when the exchange selectively reopened withdrawals — only for Bahamian users. In a telephone interview with crypto blogger Tiffany Fong, dated Nov. 16, Bankman-Fried claims to have made the decision to reopen
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The Hong Kong exchange shuttered activity Sunday blaming turbulent markets, but has denied exposure to Sam Bankman-Fried's now-defunct FTX Source
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Bitcoin failed to protect the $9,200 zone on Wednesday and plummeted all the way from $9,600 to $8,900, recording a 12.7% fall since the month’s peak. The sudden drop in price could be attributed to the bearish performance of the S&P 500, which declined by 9.27% on June 26 alone. The
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The former CEO of Intercontinental Exchange subsidiary Bakkt and a current Republican senator for Georgia, Kelly Loeffler, has been rewarded with a new appointment despite recent controversies. In a tweet published on April 16, Loeffler wrote:“Thank you, @realDonaldTrump for appointing me to your task force on re-opening America safely in the
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Tesla has reopened its Gigafactory in Shanghai amid the massive coronavirus outbreak in China. Why is Elon Musk engaging in such a reckless and immoral strategy? The company needs to meet its optimistic guidance forecasts to keep the stock from crashing. How far will Elon Musk go to keep his Tesla (NASDAQ:TSLA) stock
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