marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
crypto exchange
11/18/2022
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By Cassie B.
US to extradite embattled FTX ex-CEO Sam Bankman-Fried from Bahamas
The founder of crypto exchange FTX, Sam Bankman-Fried, is expected to be extradited from the Bahamas back to the U.S. as $2 billion of clients’ money remains unaccounted for. This is according to a report from Bloomberg, which says that authorities in the U.S. and the Bahamas have been discussing extraditing him for questioning. Bankman-Fried […]
11/17/2022
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By Kevin Hughes
FTX founder Sam Bankman-Fried puts up Bahamas penthouse for sale at $40M
Sam Bankman-Fried, the founder of beleaguered cryptocurrency exchange company FTX, has put up his penthouse in the Bahamas for sale with a $40 million price tag. According to a report by Semafor, the 12,000 square-foot residence located in the Albany luxury resort community was recently listed for sale. While the realtor in charge refused to […]
11/17/2022
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By Kevin Hughes
Binance strategy chief takes a swipe at FTX following the latter’s bankruptcy filing
The head of strategy for cryptocurrency exchange firm Binance took a swipe at beleaguered rival FTX immediately after the latter filed for bankruptcy. “This is the direct result of a rogue actor breaking every single basic rule of fiscal responsibility,” Binance Chief Strategy Officer Patrick Hillmann said in a statement given to the Wall Street Journal (WSJ). […]
11/16/2022
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By Roy Green
Crypto lender BlockFi blocks withdrawals as FTX declares bankruptcy
The crumbling crypto industry has claimed another likely victim in BlockFi, a digital-asset lender worth $10 billion once, but is now barely functioning. With FTX announcing its plans to file for bankruptcy on Friday, Nov. 11, BlockFi announced via Twitter on the same day that it is “stopping client withdrawals” because of a “lack of clarity” […]
11/15/2022
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By JD Heyes
Video influencers heavily profited from FTX fraud, proving the crypto space has ZERO vetting, oversight
It’s becoming increasingly clear that the crypto industry is rife with fraud and abuse, as the most recent development regarding FTX’s ‘billionaire’ founder proves. What’s more, those fraudsters have substantial monetary ties to Democrats, which should surprise no one. The most recent example involves the “FTX crypto slush fund run by now-disgraced Sam Bankman-Fried,” Natural […]
07/01/2021
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By Virgilio Marin
China’s crypto ban forces Bitcoin miners to sell out or flee overseas
Chinese miners are selling out or seeking new markets overseas after local governments in mining hubs in China imposed sweeping bans on cryptocurrency mining. “Many miners are exiting the business to comply with government policies,” said Mike Huang, operator of a crypto mining farm in the southwest province of Sichuan, which is China’s second leading Bitcoin mining […]
06/24/2021
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By Franz Walker
Chinese crypto crackdown causes bitcoin prices to plunge
On Monday, June 21. the price of bitcoin and other cryptocurrencies slid further after China’s central bank ordered the country’s largest banks and payment processors to play a bigger role in curbing cryptocurrency trading and related activities. The People’s Bank of China (PBOC) on Monday summoned representatives of multiple financial institutions – including Industrial and […]
04/03/2019
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By Ethan Huff
The bizarre story of QuadrigaCX reveals why you are a complete fool to trust any crypto exchange
In case you missed it, a major Canadian cryptocurrency exchange went belly-up earlier this year after its CEO was reported to have “died,” supposedly taking with him “to the grave” nearly $200 million worth of other people’s crypto assets. QuadrigaCX, as the exchange was once called, had, at one point, been the largest crypto exchange […]
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