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You want to fix the world with finance? Then fix this: wages' share of a financialized, globalized, speculative-bubble dependent economy have been falling for decades. Fix this and you really will...
Several companies have been impacted by FTX's ongoing collapse and are taking action to deal with the fallout.Key Takeaways Visa has announced that it will break off its partnership with FTX following...
Months after Terra, Three Arrows Capital, and a host of other industry-leading firms imploded, the crypto space has been hit by another major wipeout. What can we learn from the crisis?Key...
FTX files for bankruptcy and CEO Sam Bankman-Fried to step down from his role.After a week of increasingly catastrophic events, FTX announced it filed for Chapter 11 bankruptcy in Delaware. The filing...
One of the biggest dramas in cryptocurrency history continues. Over $400 million was drained from the bankrupt crypto exchange early Saturday.Key Takeaways FTX has been hacked. Over $400 million was...
Tether is freezing USDT wallets belonging to FTX. At least 46,360,701 USDT has been blacklisted so far. Tether is reportedly freezing funds by request from law enforcement. Centralized stablecoin...
Cryptocurrency markets were rattled this week by the abrupt collapse of FTX, a major exchange.Facing a wave of customer requests for withdrawals, FTX announced it was experiencing...
Crypto winter is getting even colder this week as FTX, one of the biggest crypto exchanges in the world, stands on the brink of a collapse after a liquidity crunch. Moreover, FTX’s rival and...
Changpeng “CZ” Zhao and Sam Bankman-Fried jointly announced Binance’s plans to acquire FTX Tuesday. The impact on the crypto market has been severe.Key Takeaways Binance has signaled...
Solana plummeted nearly 40% on the Binance-FTX deal, extending the token's losses from its ATH to 93%.Solana (SOL) is down more than 93% from its all-time high in November 2021. The token plunged...
Binance just announced it would not go forward with the FTX acquisition.After a day filled with uncertainty, Binance announced it would not go through with its acquisition of FTX. In the immediate...
Bitcoin extended a selloff for a fourth straight day in its worst slide since June. The cryptocurrency has been ranging for nearly five months since reaching its June 18 low of $17,611, its lowest...
Rumors that the FTX-affiliated trading firm Alameda Research is facing insolvency have caused users to withdraw funds from the FTX exchange en masse.Key Takeaways FTX's FTT token has broken critical...
Binance has entered into a non-binding LOI to fully acquire crypto exchange FTX.This afternoon, Changpeng Zhao (CZ) of Binance announced his company signed a non-binding letter of intent (LOI) to...
The implications behind Binance’s acquisition of FTX rocked the crypto market generally and FTX-backed tokens more specifically.Key Takeaways Binance's planned acquisition of FTX has sent...