Markets

Changpeng Zhao (CZ), CEO of the world’s largest cryptocurrency exchange Binance, has expressed his belief in the ability of the crypto market to heal itself once the full impact of FTX’s implosion is felt. Speaking at a conference in Indonesia, CZ said that more companies would be affected by FTX’s downfall, considering how big the crypto exchange was.  “With FTX going down, we will see cascading effects. Especially for those close to the FTX ecosystem, they will be...

Primer – a global payments platform – has partnered with Coinbase, one of the largest and most popular digital currency exchanges in the world, to allow company clients to accept digital currencies as methods of payment when customers check out. Primer and Coinbase… The Perfect Match? The enablement occurs through Coinbase Commerce, the merchant side of the digital currency platform. Roy Zhang – group product manager of Coinbase Commerce – explained in a recent...

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...

Winz.io, eines der führenden Krypto-Casinos, erweitert seine Branchenpräsenz durch das neue Sportwetten. Benutzer können jeden Monat ihre Lieblingskryptowährungen auf das Ergebnis von Tausenden von Live-Events setzen. Sportwetten sind top in der Branche des Glücksspiel. Eine Branche, die stetig wächst und die im Jahr 2022 sage und schreibe 83 Milliarden US-Dollar Umsatz generieren wird, wenn die Prognosen stimmern. Winz.io erkennt das Potenzial von Sportwettenlösungen an und hat nach...

FTX has lost several potential rescuers after shady details of the internal workings continue to emerge. The biggest setback was Binance pulling out of the deal. But according to the crypto giant’s CEO, the deal with FTX did not make sense. While speaking at the Indonesia Fintech Summit, Changpeng “CZ” Zhao weighed on the takeover that never materialized and the reason behind it. “From a financial perspective, there is a big hole. From new users, we have very high overlaps....

The past seven days were undoubtedly the most emotional, unexpected, and for many – devastating in a long time. One of the world’s leading cryptocurrency exchanges – FTX – filed for a voluntary Chapter 11 Bankruptcy with the US after failing to honor customer withdrawals and revealing a multi-billion liquidity hole. It’s not particularly clear how it all went down and when exactly FTX started having issues due to the complete lack of transparency on behalf of now-former CEO...

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Europe’s largest digital asset investment and trading group – CoinShares – revealed that approximately 11% of its total net asset value is situated on the crypto exchange FTX. Another firm experiencing similar issues is Mike Novogratz’s Galaxy Digital, which holds more than $76 million worth of exposure to the troubled firm. In a recent interview for Bloomberg, CoinShares said nearly $26 million of its exposure to FTX consists of US dollars and Circle’s stablecoin USDC....

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