Tag Archives: ftx

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FTX may restart. That’s the crazy news for today, that one of the biggest crypto debacles could eventually turn itself around. The news has been greeted with positivity given that FTT – the native token of the now defunct crypto exchange – has risen by more than 35 percent at the time of writing. Could FTX Become Operational Again? Initially, the token was trading at about $1.83, though it has since risen to just over $2.50. John Ray III – the new CEO of the exchange who...

Just yesterday, Live Bitcoin News put out an article talking about a Russian crypto executive running an unlicensed money transmitting business. Known as Bitzlato, the crypto exchange was an unregistered trading platform for those who sought to use digital assets to obtain illicit products. The exchange also did very little to obtain necessary information about its clients and customers. Now, it looks like Binance – the world’s largest and most popular digital currency...

Jamie Dimon – the man in charge of JPMorgan Chase, arguably one of the biggest financial companies in the world – really can’t stand bitcoin. In fact, he recently had a long conversation about how much he doesn’t care for it. Jamie Dimon: BTC’s Biggest Hater? In a recent interview, he referred to bitcoin as a big “waste of time” and didn’t think anybody should spend a single moment talking or even thinking about the asset or its alleged prospects. He said: I think all...

It’s happened again, folks. Another bankruptcy is in the crypto books. This time, the company that’s falling victim to alleged bankruptcy proceedings is Genesis, the crypto lending unit of the Digital Currency Group that has worked heavily with Gemini, a crypto exchange in New York run by the Winklevoss Twins. It Looks Like Genesis Will File for Bankruptcy The company is complaining of a “liquidity crunch” in recent posts. Does that sound familiar? If not, it should....

The panic surrounding FTX just got a lot bigger. As if the company doesn’t have enough problems to deal with, it is alleged that as much as $415 million in crypto funds were stolen from the exchange in a hack just after it began its bankruptcy proceedings. FTX Has Lost More Money Than Originally Reported The idea that FTX was attacked by cyberthieves is not new. Several sources have been talking about this for weeks, though initially, the stolen amount was believed to be...

Russian national Anatoly Legkodymov – the founder of a China-based cryptocurrency exchange who was believed to have been living in China for the past several years – was recently arrested while residing in Miami, Florida. He has been charged with running an unlicensed money transmitting firm. Anatoly Legkodymov Arrested in Miami The business in question is Bizlato Ltd. It is alleged that the company did not implement the necessary anti-money laundering requirements set...

The crypto industry has again crossed the $1 trillion mark. The space – which was given several heated blows over the past 12 months – has seen its overall valuation fall from about $3 trillion in the beginning of 2022 to less than $1 trillion by the time the year ended. This means more than $2 trillion was lost to time over the course of one year. Crypto Is Returning to Form The crypto arena dealt with several problems throughout 2022, which will likely go down as one...

Bitcoin has been doing quite well over the past few weeks. The currency has already jumped up by about $5,000 since the end of 2022, which will likely go down as one of the most disastrous periods for the world’s number one digital currency by market cap. The asset is proving doubters wrong once more and appears to be enjoying something of a rally. Despite all this, Anthony Scaramucci – a crypto bull and the man behind Sky Bridge Capital – says it might be a few years...

In a recent interview, bitcoin bull and former White House communications director under Donald Trump Anthony Scaramucci compared former FTX executive Sam Bankman-Fried to Bernie Madoff, the man who orchestrated an investor Ponzi scheme back in 2008 to grow his own wealth and lead a billion-dollar lifestyle. Anthony Scaramucci Says He Was Betrayed By SBF During his discussion, Scaramucci claimed that Bankman-Fried was guilty of both “betrayal” and “fraud,” though at one...