FTX’s demise was quick and brutal. In eight days earlier this month, the crypto exchange — developed as a skunk work project at Sam Bankman-Fried’s quantum trading firm Alameda Research — went from being one of the largest and most valuable of all time to a pile of chess bets and worthless chips. Exactly how … Read more
Bitcoin Price Falls 54% From Its High World’s biggest cryptographic money drops to $31,000 The cryptographic money market has proceeded with its slide from last week, reflecting the fall of the more extensive securities exchange. The world’s biggest cryptographic money, bitcoin, tumbled to $31,075.70 on Monday evening, a 10% drop from Sunday at 5 p.m. … Read more
At the peak of this year’s Bitcoin (BTC) rally, end-of-year predictions had flown to the moon with most analysts speculating that the cryptocurrency would shut the year above $100K. With the way in which Bitcoin was skyrocketing at the moment one may simply consider the coin was destined to a better worth than even what … Read more