The crisis that gripped the cryptocurrency sector has brought about some important developments.
FTX Warns Of Bankruptcy Without Rescue For $8 Billion Shortfall
According to a source with direct knowledge, Sam Bankman-Fried stated Wednesday to FTX.com investors that the company would have to file bankruptcy if it didn’t receive a cash injection.
Bitcoin to plummet 80pc, as JP Morgan warns about a ‘cascade of crypto margin calls’
JP Morgan warned that Bitcoin could lose 80% of its value due to a “cascade” of margin calls in the aftermath of the crisis at FTX crypto exchange.