Tag Archives: ftx

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Matrix Port – a crypto services provider – believes it’s time for all crypto custody firms and related businesses to begin offering insurance to digital currency customers. Matrix Port Wants Crypto Insurance Offered Everywhere The belief stems from the recent fall of disgraced crypto exchange FTX, which took less than a week to crash and burn. Despite being only three years old, FTX (which began in 2019) rose through the ranks rather quickly to become one of the biggest...

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...

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The state of Oregon has put out a notice to all its residents warning them that investing in crypto could be a costly mistake. Oregon to Investors: Avoid Crypto The warning stems from the Oregon Division of Financial Regulation (DFR) and comes fresh off the heels of the FTX collapse, which arguably sent ripples throughout the space and caused many analysts, traders, and industry heads alike to be stunned with surprise. Nobody expected what has been labeled the industry’s...

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Cathie Wood – who’s always been the crypto bull of crypto bulls – isn’t giving up on the world’s number one digital currency by market cap. In fact, she’s reiterating her love of the coin and claiming that 2030 will be the year in which BTC reaches the long-awaited $1 million price. Cathie Wood Thinks Bitcoin Will Be Huge in Seven Years Bitcoin had a very hard year in 2022. Just a few months prior to 2022’s start, the world’s primary cryptocurrency reached a new all-time...

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...