Digital assets are becoming mainstream products in the financial world and despite setbacks like collapse of crypto exchange FTX, the underlying blockchain technology is here to stay, said Rosie Rios, former US Treasurer and chief executive officer at Red River Associates speaking at the Economic Times Global Business Summit. Rosie added that the underlying technologies … Read more
Normal January 29, 2023 11:50 am reading Two minutes (agencies)In a letter to a Manhattan court investigating judge, federal prosecutors in the FTX platform collapse file demanded that Sam Bankman Fried, the co-founder and main defendant in the case, be prevented from using encrypted messaging applications, including Signal, in order to prevent obstruction of justice … Read more
Illustration. (Source: Reuters) The lender of the cryptocurrency company Genesis (USA) Genesis Global Capital on January 19 filed for bankruptcy protection, becoming the latest “victim” of the crisis. electronic money happenning. This shows that while bitcoin is bullish in 2023, the impact of the crypto crisis continues to hit companies operating in the sector. Below … Read more
Sam Bankman-Fried leaves Manhattan Federal Court, Jan. 3, in New York City. MICHAEL M. SANTIAGO/Getty Images via AFP ANALYSE – The discovery of this massive fraud leads to an inevitable deflation of the cryptocurrency bubble, and an upcoming recomposition of the sector. The pangs suffered by Sam Bankman-Fried, the young American creator of the FTX … Read more
The Silvergate brand, from the San Diego area in California, saw its prices plunge by 44% on Thursday. While the FTX case continues to keep the world of cryptocurrencies in suspense, a new structure has just been caught in the turmoil. It is this time a regional American bank, Silvergate Capital Corporation, whose prices collapsed … Read more
The 30-year-old ex-billionaire was released in December on bail after his indictment following the spectacular fall of FTX. The co-founder and former boss of cryptocurrency exchange FTX, Sam Bankman-Fried, pleaded not guilty on Tuesday to fraud charges in a New York court. Indicted in particular for fraud and criminal association, “SBF”, his nickname, had been … Read more