It appears the back-lash of Sam Bankman-Fried bankrupting the world’s #3 cryptocurrency exchange will not end anytime soon. Now it’s even being reported stablecoins are effected. The WallStreet Journal reported earlier today, Tether Holdings Ltd. (THL), has been giving out Tether (USDT) loans, without the dollars to back each Token. THL was giving out loans […]
Category: News
December 1, 2022
December 1, 2022
Kraken Exchange To Lay Off 1100 Workers Now
Rather than being unleashed, this Kraken, has relinquished 30% of its staff. Jesse Powell, CEO of the world’s third-largest crypto exchange, broke the news today. 1,100 people will be laid off to “adapt to current market conditions.” History of Kraken Crypto-Exchange Headquarter in San Francisco, CA, Kraken was founded in 2011. A crypto exchange and […]
December 1, 2022
Sam Bankman-Fried Says He Only Has $100k Now
The collapse of one of the world’s largest cryptocurrency exchanges affected every single person in the cryptocurrency world. Undoubtedly the most important cryptocurrency moment of 2022 (topping Ethereum’s merge), FTX’s bankruptcy not only brought the entire market down but also affected several other exchanges. So far, BlockFi also filed for bankruptcy, while U.S. crypto broker […]
