Altcoins

The past couple of days have been a complete rollercoaster in the cryptocurrency field, and there are no signs of slowing down. Just yesterday, FTX officially filed for voluntary Chapter 11 Bankruptcy proceedings in the US, sending the markets into another meltdown. Bitcoin Plunges Toward $16K Bitcoin’s price can’t catch a break. After attempting a recovery following positive CPI numbers Thursday, the cryptocurrency experienced another meltdown on Friday. BTC plunged from...

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Tether has become the latest industry company to get involved with the ongoing saga revolving around FTX by freezing over 46 million USDT. The company said it had to comply with law enforcement agencies. All eyes in the crypto industry have been set on FTX for the past several days, ever since Binance decided to sell its entire FTT stash following some discrepancies with Alameda Research’s balance sheet. The turbulence in the following days included Binance agreeing to...

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