NEW YORK, Dec 28 (Reuters) – The price of Solana, a cryptocurrency token that had been lauded by FTX founder Sam Bankman-Fried, fell 10.36% on Wednesday, and is down 94.2% so far in 2022.The collapse of FTX has rippled across the industry, hobbling liquidity at firms with exposure to what was once one of the … Read more
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Business partners turn on Sam Bankman-Fried CNNsource
Collapsed cryptocurrency exchange FTX has located more than $5bn (£4.1bn) of assets, an attorney for the firm says.However, a US bankruptcy court was told on Wednesday that the extent of losses to customers is still not known.Prosecutors have accused FTX's former chief executive Sam Bankman-Fried of orchestrating an "epic" fraud that may have cost investors, … Read more
Illustration: Sarah Grillo/AxiosWhen reading the latest obituaries for blockchain and cryptocurrencies, it helps to remember they've been written before.The big picture: There have been many crypto booms and busts. But in each bust, the bottom is a little higher than it was the time before. This is the slow build that believers count on to … Read more
Ethereum Hits 500,000 Validator MilestoneThe growing number of validators points to “increasing confidence, positive market sentiment, and conviction in the Ethereum ecosystem as a whole,” the chief marketing officer at Blocknative told BlockworksWindAwake/Shutterstock.com modified by BlockworksshareNewsletterBlockworks Daily upcoming eventPermissionless 2023Austin, TexasMON – WED, SEPT. 11 – 13, 2023Permissionless is the brainchild of Blockworks and Bankless. … Read more
There was a time when it seemed as though Singapore would become a global centre for cryptocurrency.Authorities had signalled an early interest in harnessing blockchain technology. That, coupled with the city state's favourable business environment, attracted digital asset companies and a burgeoning community of investors.In 2021, investment in the industry in Singapore increased tenfold compared … Read more
by Sergio Goschenko The recently approved Brazilian cryptocurrency law will likely be reviewed and revised by the newly inaugurated government of Luis Inacio “Lula” Da Silva. According to statements made by the former rapporteur of the law, Expedito Netto, the new government will likely review the law to include some issues that were left behind … Read more
Have you lost money to a cryptocurrency exchange that misrepresented its financial strengths while downplaying risks? If so, you may be eligible to join a class action lawsuit. Investors large and small have lost tens of billions of dollars to cryptocurrency exchanges in recent months. Most notably, FTX and its founder, Sam Bankman-Fried, have produced global … Read more