Genesis, a cryptocurrency lender, has filed for bankruptcy. This is the latest company to go bust in the wake of the rapid collapse of the FTX exchange.
Should I sell.. or should I not? Understanding cryptos
If you’ve been trading in cryptocurrency for quite some time, you probably have first-hand experience in understanding that engaging in the cryptocurrency industry can be a wild ride.
FTX claims $415m of crypto was hacked
Sam Bankman-Fried, a collapsed cryptocurrency company, claimed $415m (£338m), was stolen from the exchange. It was estimated that around $323m was stolen from its international platform and $90m from its
Crypto Trading Mistakes a Newbie Should Watch Out For
With the constant news of cryptocurrency market value going upward, new investors have taken a double turn to check out the buzz. Since it is very probable to get caught
As the digital coin crisis continues, Crypto.com will reduce its workforce by 20pc
Crypto.com, a trading platform, is cutting its global workforce by around 20%. This follows the recent crisis in the sector of digital assets.
Before the market crashed, dozens of traders from the London crypto hedge fund were millionaires.
Wintermute paid $83m to its UK employees in 2021, which included $22.5m to one director.
In the cryptocurrency world, nobody wants to become the ‘next FTX’
Sam Bankman-Fried, clean-shaven in a blue suit and dressed in a white shirt, listened to his lawyer pleads not guilty to the alleged “epic” fraud in New York.
As the industry slump continues, Huobi, a crypto exchange, will lay off 20% of its staff
The company said that it will lay off approximately 20% of its employees at the crypto exchange Huobi. This is the latest indication of drastic cost-cutting in the sector as
Crypto-focused bank Silvergate bank forced to fire 40pc of staff as FTX fallout deepens
Silvergate, a crypto-focused bank, is set to reduce 40% of its staff in response to the crisis in digital asset sectors sparked by Sam Bankman-Fried’s collapse.
FTX lawyer cooperated with US prosecutors
According to reports, Daniel Friedberg, FTX’s former top attorney, has cooperated with US prosecutors in their investigation into the collapse of the crypto firms.
Here’s where you shouldn’t put your money after the crypto crisis
Sorry if you purchased one in 2022. However, I personally was happy when the NFTs market plummeted by 99pc.