New CEO of FTX now John Ray III as he takes over
John J. Ray III is registered for insider trading, according to a report from SEC.The once-dominant crypto exchange has fallen apart in the span of a week.Due to a severe…
Crypto. com Audit shows 20% Of Assets is in SHIB
Nansen’s analysis shows that Crypto.com has assets worth nearly $3 billion. FTX collapse compels every company to prioritize transparency. A pioneer was Crypto.com. As crypto.com transitions to Proof Of Reserve,…
FTX Crypto Exchange Binance Competitor Files For Bankruptcy after distress.
The exchange went from a $32 billion value to insolvency in a matter of days. FTT has dropped by over 27% in the previous hour following the announcement.FTX has formally…
Crypto.com plan to Release Cold Wallet Addresses
Crypto.com to publish the list of cold wallet addresses and balances for major assets. The exchange’s CEO recently announced the publishing of its audited proof of reserves.Crypto.com, the Singapore-based crypto…
FTX U.S propose To Enable Withdrawal of Ethereum and MATIC
As per SBF, the outage is limited to FTX International.Recently FTX filed for bankruptcy. On Friday, FTX announced that ETH withdrawals will once again be available on the FTX US…
CEO of Binance gave assurance that El Salvador’s Bitcoins Not on FTX
With a $9 billion shortfall to fill, FTX is fighting for survival. El Salvador last year approved Bitcoin legal money in the Central American nation. According to Binance CEO Changpeng…
Elon and Jack’s discuss the Current Crypto Scenario
Topics put forward for discussion ranged from Bitcoin’s history to its future. Bitcoin’s presence during the Twitter launch would have changed the financial situation. SpaceX’s Youtube channel conducted a live…
Coinbase layoff Over 60 Employees due to macroeconomic chaos
Just five months ago, Coinbase reduced its workforce by 18%. Armstrong said Coinbase is unaffected by the collapse of FTX or Alameda Research. Coinbase’s newest wave of layoffs is an…
Bored Ape Yacht Club NFT Prices Tumble Amid Market Crisis
The floor price for a Bored Ape Yacht Club NFT is 57.5 ETH. 24% less over last day.BAYC had a high of approximately $429,000 (152 ETH) on April 29 this…
Crypto Trading firm Genesis says Frozen Funds on FTX
Genesis Trading stored over $175 million in an FTX trading account. The Bahamas Securities Commission said that it had frozen the assets of FTX Digital Markets. Genesis Trading, the market…