Tag Archives: Exchange News

Major League Baseball (MLB) has announced it’s not looking to continue the deal it struck with now fallen crypto exchange FTX. The MLB Is Stepping Away from FTX The deal was initially formed prior to 2021, though it’s taken some time for things to get off the ground. Now that the company has filed bankruptcy and lost so much money due to illicit accounting activities, the MLB has said that it’s looking to back out of the deal and part ways with the disgraced digital...

Binance, the world’s largest and most popular digital currency exchange, has announced a new program that will give all current and future crypto investors proof of its present bitcoin and Ethereum reserves. Binance Tries to Show It’s Not Like FTX The goal is to shed light on the issue of transparency and show the company is nothing like FTX, the now failed digital currency exchange that came to fruition only three years ago in 2019. Binance was initially in line to...

Bitcoin bull and crypto investor Cathie Wood thinks the FTX debacle may have done irreparable damage to the crypto space, and she says the incident will likely make many institutional investors stay away for a long time. Cathie Wood Thinks the Damage Done by FTX Is Severe The FTX fiasco will go down as one of the biggest embarrassments of the arena. Long considered one of the greatest players in crypto, the company first came to fruition in 2019. It rose through the...

FTX caused a lot of nasty spillage and other problems in late 2022. Here we are in 2023, and unfortunately, the final remnants of what will likely be labeled a huge bad actor and very poor player in the crypto economy continues to wreak havoc on the space and on customers. FTX Customers May Not Get Their Funds Back It has been suggested by many analysts and traders that the company’s users will not get their money back. That’s right… Whatever funds they lost due to the...

2022 is on the verge of disappearing forever, and Live Bitcoin News is looking back one last time on the biggest digital currency stories of the year. The Bitcoin Price The biggest story of 2022 revolved around how poorly bitcoin did. What was once one of the largest and most worthwhile assets around sank to the bottom of a deep financial pit, and the currency has refused to get up. In November of last year, for example, the world’s number one digital currency by market...

The FTX disaster was something nobody saw coming, and now one investor – a young man named Evan Luthra – has described the debacle he’s endured after losing nearly $2 million in crypto funds following the collapse of one of the biggest and most powerful crypto trading platforms in the world. Evan Luthra Has Lost a Lot of Money UBS Americas CEO Robert Wolf recently labeled FTX as a “Ponzi scheme.” Millions of investors have seen their money completely vanish after it’s...

The cryptocurrency exchange FTX has seemingly come and gone. The fall of the exchange will likely go down as one of the biggest embarrassments of the digital currency space, and as a result, many players within the industry are calling for exchanges to become less centralized. They are certain that decentralized finance (or defi as it’s called for short) is the answer to many of crypto’s problems. Every Exchange Is Being Told What to Do There is a big idea flowing...

With the fall of FTX and so many other issues plaguing the digital currency world, many are wondering what the fate of the Digital Currency Group (DCG) in Connecticut will be. The organization is arguably one of the largest in the space, and its partner – crypto lending platform Genesis – has recently been hit with rumors that bankruptcy is on the horizon after halting all activity. DCG Says It’s Doing Fine Despite this, regulators and economists in Connecticut remain...

Coinbase is a digital currency exchange that has suffered exponentially this year. The digital currency trading platform initially went public on the Nasdaq in April of 2021. Since then, it has seen its stock price crash roughly 80 percent in less than two years, and the fall can largely be attributed to the fact that bitcoin – and many other digital currencies – have been falling like crazy since reaching new all-time highs in November of last year. Coinbase Is...

John Ray III is an attorney that’s been in the news a lot, lately. He’s the man who cleaned up the Enron mess close to 20 years ago, and now he’s been called in to fix the problems surrounding failed digital currency exchange FTX. John Ray III Has Been Called in to Fix FTX As the new CEO of the now bankrupt digital currency firm, Ray commented that he has never seen such a poorly governed company in all his life, nor has ever witnessed such mismanagement of funds. He...