Crypto sector layoffs could increase following FTX collapse
Due to the crypto market downturn and the recent FTX collapse, recruitment experts caution that the rate of the industry’s layoffs may accelerate in the upcoming months. According to a survey released on November 14 by cryptocurrency data aggregator CoinGecko, as of November 13, 4,695 employees in the crypto industry have already been let go […]
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 […]
CrossTower Updates New Offer For Voyager’s Assets
CrossTower is working on a revised offer for the assets of Voyager after FTX US, the original winner, filed for bankruptcy on Nov. 11. According to a spokesperson, cryptocurrency exchange CrossTower is working on a revised offer for the assets of defunct crypto lender Voyager Digital. After FTX US, the first winner of the offer, […]
FTX is the opposite of Bitcoin – El Salvador President
El Salvador president, Nayib Bukele in the wake of FTX’s collapse has called the exchange the opposite of Bitcoin, while also stating that the Bitcoin protocol was created precisely to prevent Ponzi schemes. The FTX explosion sent shockwaves across the globe and seriously damaged investor confidence. The Salvadoran President Nayib Bukele and Changpeng “CZ” Zhao, […]