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Tag: bitcoin

Posted on 15/11/2022

Crypto Crash: A New Savior Appears to Contain the Crisis

The unexpected implosion of the FTX cryptocurrency exchange raises fears of a cascade of bankruptcies.The cryptocurrency industry seems to have a new savior to save it from plunging into an ...

Posted on 15/11/2022

Crypto No Place For Small Fry, CZ Warns As He Unveils Rescue Fund

You should not invest in crypto if you’re using money that you need for next week or next month, you should only be using discretionary cash that you don’t need for a long time,” he said. “If you ...

Posted on 15/11/2022

FTX Collapse: Sam Bankman-Fried Questioned By Police, Crypto Market Wobbles

The fallout from FTX's spectacular collapse last week continues to echo through crypto markets as officials probe mysterious withdraws and pick through the failed exchanges complicated balance sheet.

Posted on 14/11/2022

FTX Japan studying whether local clients can get their crypto back

FTX Japan K.K. is in discussions with lawyers about the implications of the collapse of its parent entity and plans to make an announcement once the situation becomes clearer, a spokesman said.

Posted on 14/11/2022

Crypto.com’s Sinking Token Stirs Fresh Anxiety After FTX Wipeout

The one constant in digital assets right now is fear and its latest object is Crypto.com, an exchange whose sponsorship of sports like Formula One racing and the soccer World Cup have popularized its ...

Posted on 14/11/2022

FTX’s bust and crypto crash come with two silver linings

Let's look at the bright side of the FTX-driven crypto crash to kick off what will likely be another long week for the industry. There are probably two positives worth considering here. First, the ...

Posted on 14/11/2022

Binance says ‘proof of reserves’ can restore trust in the crypto industry. What does that mean?

As the crypto industry faces a crisis of confidence, insiders argue over how to restore trust—and avoid a regulatory crackdown.

Posted on 14/11/2022

SoftBank won’t hasten exit from $1.8-billion holdings in Paytm, Policybazaar, Delhivery as lock-in expiry nears: Source

Japanese tech investor is sitting on net gains worth $160 million from venture investments worth $2.2 billion in the three unicorns; will look to pare stakes gradually over two years so as to not spar ...

Posted on 14/11/2022

Crypto.com says balance sheet strong, exchange not in trouble

Singapore-based crypto exchange Crypto.com's chief executive said the firm will prove all naysayers wrong on the platform being in trouble, and that it has a robust balance sheet and took no risks.

Posted on 14/11/2022

As regulators scrutinise FTX, investor focus swings to Crypto.com

The fallout from the collapse of crypto exchange FTX kept bitcoin and other cryptocurrencies under pressure on Monday, with market participants worrying about heavy withdrawals at Singapore-based ...

Posted on 14/11/2022

Crypto.com CEO Says Withdrawals Working, Will Continue to Work

Crypto.com Chief Executive Officer Kris Marszalek said withdrawals from the platform are working and will continue to work, moving to reassure markets unnerved by the sudden collapse of rival FTX.com.

Posted on 14/11/2022

US Treasury Secretary Yellen says the crypto market needs ‘very careful regulation’ amid FTX’s dramatic collapse

FTX filed for Chapter 11 bankruptcy on Friday and founder Sam Bankman-Fried resigned as CEO, capping a week of intense turmoil at the exchange.

Posted on 14/11/2022

Crypto.com CEO Dismisses Speculation of Financial Trouble, Says FTX Exposure Is Minimal

Expect a tough crypto winter, but Crypto.com isn’t going anywhere, CEO Kris Marszalek said during a live interview hosted on its YouTube ...

Posted on 14/11/2022

Softbank boss Masayoshi Son devotes himself to growing ARM for the next few years

Son next posed the question “how can we best use of ARM?” “In the coming few years, I only like to focus on this thing. So the next explosive growth of Arm is something that I would like to ...

Posted on 14/11/2022

Unicorn startup Darwinbox may go for IPO in next 3 years: Co-founder

The promoters of Darwinbox currently hold more than 30 per cent stake in the company while the rest is held by investors, including TCV, Salesforce Ventures, Sequoia, Lightspeed and Endiya Partners.

Posted on 14/11/2022

Unicorn startup Darwinbox may go for IPO in next 3 years: cofounder Rohit Chennamaneni

With the USD 72 million fundraising in January this year, Darwinbox's valuation crossed USD 1 billion thus placing it in the club of unicorns.

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