FTX stands apart because, unlike Voyager and Celsius, it is the first major cryptocurrency exchange to topple. Founded in 2019, FTX evolved into a marketplace where, in addition to cryptocurrencies, retail investors could trade cryptocurrency derivatives — complex financial instruments used to make bets on price swings. The company also offered accounts that promised high … Read more
Illustration by Mitchell Preffer for Decrypt It was a slow news week in the industry, perhaps a cooling-off period after the overheated cycle both during and after FTX’s demise. There were still stories of the contagion spreading—most notably lender BlockFi, which on Monday announced it was filing for bankruptcy—but the general atmosphere on crypto Twitter … Read more
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The self-custody of Bitcoin, ethereumand other cryptocurrency assets is grabbing much more attention ever since Sam Bankman-Fried’s FTX exchange unexpectedly blew up a couple of weeks ago in a whirlwind of drama. Users of the former third-largest exchange have no idea if they will ever get their money back. With this in mind, many users … Read more
The self-custody of Bitcoin, ethereumand other cryptocurrency assets is grabbing much more attention ever since Sam Bankman-Fried’s FTX exchange unexpectedly blew up a couple of weeks ago in a whirlwind of drama. Users of the former third-largest exchange have no idea if they will ever get their money back. With this in mind, many users … Read more
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – While the crypto winter has impacted all the investors in this newest asset class, recent disclosures from … Read more
Disclaimer: The text below is an advertorial article that is not part of cryptonews.com editorial content. With all the instability in the crypto market these days, it is not easy to find ways to make a sizable, secure profit from digital currencies. Yet, one project is setting a new standard for low-risk, high return passive … Read more
Top cryptocurrency news today includes Huobi’s HT token price jump, Justin Sun’s involvement in the first nation-backed cryptocurrency, and a slight rally in the cryptocurrency markets. At the same time as the wider markets rally, some crypto pre-sales are gaining huge attention from investors as well, raising millions of dollars even in overall tepid market … Read more
Gov. Kathy Hochul wants the crypto-based industry to flourish in New York, but she said Monday it can’t come at the expense of the environment. “I have said I support the crypto industry,” Hochul said Monday. “It does not mean they have to be using our limited resources here in upstate New York to do … Read more
However, the crypto space is notoriously fickle, and the collapse of eleven-established companies such as Celsius and FTX are stark examples of how people can lose billions of dollars in crypto assets almost overnight. For this reason, celebrity influencers should be thoroughly educated on a crypto product before promoting it. With so much at stake, … Read more