Posts Tagged ‘ftx’
A Brief History Of Cryptocurrencies
The history of cryptocurrency can be traced back to the late 1990s when a group of computer scientists and cryptography experts began experimenting with the idea of creating a decentralized digital currency. However, it was when Bitcoin launched in 2009 that the world’s first decentralized cryptocurrency came into existence. Bitcoin was created by an individual…
Read MoreBad Credit And The Collapse Of FTX
The world of crypto has been anything but rosy since the spectacular collapse of FTX last month, with many questioning the very future of the broader cryptocurrency markets. Can crypto survive the failure of FTX and the other exchanges that folded in the aftermath? To answer that, we need to take a closer look at…
Read MoreMore Bad News For Crypto As BlockFi Follows FTX
This week, there is more bad news for the beleaguered crypto world as BlockFi, one of the biggest centralized crypto lenders, files for Chapter 11 bankruptcy, hot on the trail of FTX. The news wasn’t particularly unexpected. BlockFi was highly exposed to FTX, pausing withdrawals from the platform earlier this month due to the problems…
Read MoreThe Hits Keep Coming For FTX!
Sam Bankman-Fried resigns as CEO, FTX files for Chapter 11 bankruptcy, and then, surprise, surprise, over $600 million goes missing from FTX wallets! The initial reaction to the missing millions was speculation that this must have been the work of a regulator trying to safeguard client funds. It didn’t take long for the official FTX…
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