Interacinvestor Review Not everyone who dives into the world of online trading is able to achieve success. Some people do manage to make impressive returns, but others are unable to do so, even though they do put in a lot of effort. While there are several factors that play a role, one of the most…
The atmosphere of general distrust is to be expected due to the sheer scale of the FTX collapse. It was a piece of very bad PR for the whole crypto industry, but many crypto exchanges are doing well. While we have seen many bankruptcies this year as the crypto market plunged down by 70% since…
US Senate members demand answers from Gensler of the SEC regarding “regulatory failures”. G. Gensler and the U.S. have long been targets of Republican Senator Tom Emmer’s criticism. Control over cryptocurrency by the Securities Exchange Commission. Tom Emmer, a member of the Senate, has attacked the U. S. G. Gensler, the chairman of the SEC…
One of the key differences between an entrepreneur that achieve success and those who fail is the ability to focus on the current project and finish it before starting the next one. This particular skill which many may call concentration is what separates the best from mediocre. Michael Zetser learned it a long time ago…
Following Twitter’s complaints, Binance corporation changes the exchange’s account system. The CEO of the crypto trader, CZ, stated that the company does not wish to deal with indefensible clients. The recent news On December 9, cryptocurrency exchange Binance closed users’ accounts. This is a result of client upsets regarding the trader’s handling of possible money…
XRP’s trading value has experienced a slight boost in the past 24 hours. The report confirms that the asset has recorded a 2% surge in value reaching all the way up to $0.404066. The price of the altcoin has continued rising even after an alarming update was shared by Coinbase pertaining to XRP on their…
Even the Spanish regulator (CNMV) has become too much concerned about the FTX’s collapse and weighing on the potential risk, CNMV has warned Spanish investors to be extra careful about crypto trading. CNMV’s VP suggested that FTX was an unruly horse and therefore the collapse was inevitable. Spanish Regulator’s Concerns for Investors Comisión Nacional del…
On November 28, the officials at BlockFi made an announcement that many had expected them to make a week back. BlockFi announced that it had filed for bankruptcy citing a financial crisis. BlockFi Went Bankrupt The executives at BlockFi have confirmed that they have filed for bankruptcy. They have decided to go for Chapter 11…
Deloitte is certain that Metaverse has the potential of adding $1.4 Trillion annually to the Asian GDP at least by 2035. The firm believes that by 2030, the metaverse industry could be as big as the $13 Trillion market. Deloitte claimed that today’s metaverse needs no explanation as already there are millions of users who…
Due to the recent cryptocurrency market turmoil, all major and minor firms in the crypto-verse are on high alert. They are not ready to take any risks, be it any cryptocurrency or other kind of asset. If there is a risk involved in a cryptocurrency asset of any kind, the crypto firms are taking no…
Even after so many days have passed, the FTX debacle continues to haunt the entire cryptocurrency industry. The impact of the FTX exchange’s crash has spread throughout the crypto-verse. Investors from all over the world connected directly and indirectly with the FTX exchange have been left devastated. This is something that the regulators do not…
Crypto Presales, a major crypto market data compiler has shared an alarming report pertaining to crypto ATMs. The firm has made a revelation about the reduced number of crypto ATM installations. Crypto ATMs Experience a Reduction The firm has revealed that in the year 2022 so far, a total of 6,100 ATMs for cryptocurrencies have…
As the cryptocurrency market took a huge fall due to the FTX exchange debacle, Solana (SOL) found itself facing the worst time. Its value took a significant fall and its devastation followed the FTX Token (FTT). Despite taking a huge hit due to the FTX exchange collapse, SOL has demonstrated a strong performance in the…
The largest private bank based in Latin America and Brazil, Itau Unibanco has made an announcement pertaining to its recent exploration. The banking firm has announced that it is planning to take a step further into cryptocurrency adoption. The bank is aiming to offer more services and products to clients that are crypto-related. Itau Unibanco…
It has been over two weeks since the FTX exchange collapsed and almost two weeks since it filed for bankruptcy. Just when many thought that the worst outcome passed, the data revealed by the bankrupt cryptocurrency exchange dropped yet another bomb on the crypto industry. This time, it is not known what the outcome would…
In the past 24 hours, the trading price of the FTX Token (FTT) recorded a jump, moving up to $1.564 from a low trading price. This happened because of the interest Ripple has shown in buying FTX’s assets. Brad Garlinghouse, the CEO of Ripple has hinted that they are looking into buying certain assets belonging…
In the past 24 hours, the trading price of Terra Classic (LUNC) has experienced a 2.5% dip. It is just the tip of the iceberg when we take a look at the price decline of LUNC. The 7-day price chart assessment shows that LUNC’s price has plunged almost 30%. At the time of writing, LUNC’s…
An investigation has been launched by the financial watchdog in Turkey into the collapsed crypto exchange FTX. The agency tackles all money-related crimes in the country and days after FTX filed for bankruptcy in the US, the department disclosed that it had been keeping track of the platform’s operations in Turkey. FTX investigation Ankara’s Ministry…
From the time FTX exchange was found to be involved in unprofessional activity by misleading its users, it has faced nothing but losses. The leakage of the balance sheet from the FTX exchange has resulted in the crash of the exchange. Just when the crash was reported, all the FTX users were worried about their…
A penthouse in the Bahamas that is spread across 12,000 square feet has been listed for sale for $39.9 million and is under the ownership of Sam Bankman-Fried. Reports have also disclosed that a whopping $74 million was spent by FTX Property Holdings on real estate purchases in the Oceanside district of Albany Bahamas. Real…
Glassnode, a major on-chain data analytics firm has just shared a report that involves the movement of Bitcoin, which is quite surprising. Migration Recorded for Bitcoin (BTC) Bitcoin seems to have hit a new record in terms of movements that have caused the biggest net decline on exchanges. The aggregate BTC balances have experienced a…
Elizabeth Rossiello, the chief executive and founder of AZA Finance, a payments firm based in Africa, said that her company had been incorrectly included in the Chapter 11 bankruptcy filing of the FTX crypto exchange. On November 11th, the CEO insisted that the beleaguered exchange had made a mistake because her company does not have…
It has been almost an entire week since the FTX fiasco took place. Unfortunately, the impact of the FTX crash is still being felt throughout the cryptocurrency. There does not seem to be any end to the constant market downtrend that the FTX crash has triggered. The recent crash has prompted investors to move their…
Last Thursday, the Securities Commission of the Bahamas issued an order for freezing the assets of the FTX crypto exchange. The agency announced that it had decided to freeze the assets of the embattled crypto exchange, along with those of related parties. It also disclosed that the operation registration of the company had also been…
On Friday, Bitcoin’s (BTC) trading price recorded a surge as it rebounded from a major decline. Just a few days back, Bitcoin had suffered from a major decline in value mainly triggered by the crash of FTX. From Decline to Rebound The Thursday trading session was a shocker for Bitcoin investors. They witnessed a sudden…
