Bitcoin is trading at $16,488 today and has gained over 1.7% in the past 24 hours. A few days ago, bitcoin had dropped to sub-$16k, trading at $15.7k. While the coin is currently bullish, these will likely be short-lived. Since analysis indicates that Bitcoin has not reached its bottom, investors should expect further adverse price action…
Core Scientific, the heavyweight champ of publicly traded Bitcoin miners in the U.S., might be the next crypto domino to fall, staring down bankruptcy after a brutal third-quarter loss of $434 million. That bombshell, dropped in a fresh SEC filing, pushes their 2022 losses to a staggering $1.7 billion—a hole so deep it’s got the…
Bitcoin.com is throwing a lifeline to folks burned by the recent wave of crypto exchange flops, rolling out a new program to cushion the blow from centralized giants like FTX, BlockFi, Celsius, and Voyager going bust. Dubbed the CEX Education Program, it’s dishing out compensation to victims who sign up at getverse.com—while giving a big…
Russia might just flip the script on crypto next year, with a bill to legalize Bitcoin mining possibly hitting the ground running as early as January 1, 2023. That’s the word from Anatoly Aksakov, the head of the State Duma’s Financial Markets Committee and the country’s go-to guy for crypto laws. He spilled the beans…
El Salvador’s President Nayib Bukele dropped a bombshell on Twitter yesterday, November 17, 2022, announcing the country will start snapping up one Bitcoin a day beginning Friday the 18th. It’s his latest play to weather the brutal crypto winter that’s slashed the nation’s Bitcoin stash—and he’s betting it’ll turn things around. El Salvador made waves…
Amid the recent FTX crypto company bankruptcy troubles, Bybit reportedly hopes to rescue FTX by offering relief funds to cater to the employees affected. Employees who have lost by a specific threshold can apply and will receive a certain amount monthly for the following year. Bybit lends a hand to FTX employees According to reports…
According to the latest reports, Sam Bankman’s bankrupt exchange (FTX) is presumed to have held serum assets worth $2 billion. Moreover, his organization accumulated $900 million in liquid assets. Sam Bankman’s exchange continues its drama Amid FTX’s crucial drownings and surprise to its users, investments components reports suggest that Sam Bankman Fried’s trading exchange had…
After it was claimed that El Salvador’s president, Nayib Bukele, was holding part of the country’s Bitcoin on the FTX cryptocurrency exchange, Changpeng Zhao (CZ), the CEO of Binance, seemed to update the crypto community on the purported rumors. After billionaire Mike Novogratz, a proponent of the Terra (LUNA) ecosystem before its collapse, said during…
FTX, Alameda, and 130 affiliated companies have commenced voluntary proceedings under Chapter 11 of the United States Bankruptcy Code. Sam Bankman-Fried has resigned from his role as Chief Executive Officer. FTX files for bankruptcy as SBF resigns Striving Crypto Exchange FTX has informed the public that the FTX parent firm West Realm Shires Services, Alameda…
According to recent reports, FTX has spoken to American crypto exchange Kraken about a possible rescue arrangement. However, FTX and Kraken declined to comment, citing the ambiguity of the talks’ specifics and their potential for success or failure. The details emerged in public after Binance backed out Binance, already a sizable investor in FTX, was visited by…