Crypto.com undergoes new investigations following market crisis
In the aftermath of rival exchange FTX’s shocking collapse last week, Crypto.com, the cryptocurrency exchange that the 2022 Qatar World Cup has come under more scrutiny and concern. Crypto.com CEO Kris Marszalek made an effort to reassure customers during a Monday AMA (ask me anything) on YouTube by stating that the platform is “doing business […]
Ex-Huobi-affiliated firm claims to have $18.1M trapped on FTX
New Huo Technology said that it has $18.1 million worth of deposits stuck on the troubled cryptocurrency exchange FTX. Investment holdings business New Huo Technology, formerly known as Huobi Global, claimed in a new filing with the Stock Exchange of Hong Kong on Monday that it has deposits trapped on the troubled cryptocurrency exchange FTX […]
10 best Ethereum crypto Alternatives in 2022
Scalability, transaction costs, and other issues are some of the reasons some cryptocurrencies have developed as alternatives to Ethereum, the second-largest cryptocurrency. Ethereum is a decentralized, open-source blockchain-based software with smart contract features. Ether (ETH), the second-largest cryptocurrency in the world, is primarily supported by Ethereum blockchain . The Ethereum blockchain struggles with scalability, high […]
FTX US halts cryptocurrency withdrawals
Following this morning’s bankruptcy proceedings, FTX US has halted withdrawals. Today, the filing for Chapter 11 protection by FTX made headlines, causing billions of dollars worth of assets to freeze. According to data, FTX US has stopped processing withdrawals, which is concerning for customers who are currently caught in the midst of a massive turnover […]
Sam Bankman-Fried $16 billion net worth drops to nothing
Sam Bankman-Fried $16 billion net worth has now been reported by Bloomberg’s Billionaire Index to be $0 following the collapse of FTX. The CEO of FTX. Sam Bankman-Fried, is suffering as a result of what is arguably the most devastating collapse in the history of the cryptocurrency industry. The former crypto tycoon’s entire fortune has […]