Tag Archives: Exchange News

Sam Bankman-Fried – the man behind now failed digital currency exchange FTX – has been arrested while stationed in the Bahamas and is being extradited to the United States, where he will face criminal charges after they were filed in a New York court. Sam Bankman-Fried Is Heading to an American Jail The criminal charges come by way of the Department of Justice (DOJ), though now the Securities and Exchange Commission (SEC) is filing its own civil suit against the...

Sam Bankman-Fried – the disgraced founder of fallen digital currency exchange FTX – made a rare appearance at the Deal Book Summit in New York on the last day of November last year. Sam Bankman-Fried Does First Interview Following Company’s Demise While he did not arrive in person, Bankman-Fried was featured prominently on a screen from an undisclosed location in the Bahamas, where he still claims to live. In the interview, Bankman-Fried attempted to explain what...

FTX is likely to go down as one of the biggest embarrassments in the history of crypto. More than that, as additional layers get stripped away to reveal what happened, one can’t help but put a few pieces of the puzzle together and be horrified by the final image. Was the FTX Collapse Part of Something Bigger? This may sound like something of a conspiracy theory, yet when one really considers everything and puts multiple ideas in place, one can find a thread of common...

Didi Taihuttu and his family – often dubbed the “bitcoin family” due to their devotion to the world’s number one digital currency – are still confident in bitcoin and aren’t letting last year’s price flops and the collapse of FTX get to them. However, things have changed enough that they’re moving their bitcoin over and finding new ways of securing it. Didi Taihuttu Feels Strongly About Defi Many years ago, Taihuttu, his wife, and their three daughters sold everything...

The drama surrounding FTX is getting a lot worse. Initially, it was believed that Sam Bankman-Fried – the man behind the now failed digital currency exchange – gave a lot of money to democrat politicians, and he did. However, it’s now being alleged by him that equal money was given to republicans, only those donations were more secret. FTX Also Allegedly Delivered Funds to Republicans FTX collapsed in mid-November of last year following what SBF referred to as a...

Kraken – a popular digital currency trading platform based in northern California – is laying off more than 1,000 employees as it attempts to deal with the ongoing crypto winter. Kraken Says Bye to a Lot of Workers The crypto exchange says that the maneuver has nothing to do with the fall of FTX, which has caused a serious firestorm in the digital currency world. The exchange collapsed in mid-November and has sent ripples throughout the space, making several other firms...

The Gemini Exchange in New York – headed by the Winklevoss Twins – has halted all withdrawals, sparking rumors that the company could be next in a long line of crypto firms to file bankruptcy. Gemini Exchange Halts All Withdrawals The move is a direct result of the collapse of FTX, which came crashing down in mid-November. Michael Barr, an official with the Federal Reserve, is calling upon Congress to regulate crypto once and for all due to the company’s failure. In a...

Republican Senator of Wyoming Cynthia Lummis says what happened with FTX is exactly why Congress needs to begin paying attention to cryptocurrency. She cited the bipartisan bill she established in early 2022 with New York congresswoman Kirsten Gillibrand (a democrat from New York) and said U.S. regulators need to give the bill their full attention so that what happened with the exchange can never happen again. Cynthia Lummis on the Future of Crypto in Congress Lummis is...

It’s happened again, folks. Another digital currency company has filed for bankruptcy protection. This time, it’s Block Fi, a crypto lending platform, which was reported to be heading in this direction back in late December. Block Fi Is the Latest Crypto Firm to Crash Ironically, the company was one of the few to be “saved” by FTX earlier in the year, though now that its savior is crashing and burning before the eyes of the public, Block Fi no longer has what it takes to...

DCG (Digital Currency Group) – the crypto company that owns Grayscale – is allegedly $2 billion in debt, giving traders and crypto analysts a lot to be anxious about. DCG Is Allegedly Dealing with Tons of Debt Barry Silbert – the man who founded DCG – stated in an interview: We have weathered previous crypto winters. While this one may feel more severe, collectively we will come out of it stronger. The goal was to try and calm people’s nerves, though this is easier said...