This Monday, Solana Foundation issued a report about its investments. In the paper, the company responsible for the Solana blockchain announced that it holds “tens of millions of dollars” in cryptocurrencies attached to FTX. Also, the foundation owns 3.25-million common stock shares in the exchange. Overall, the Solana Foundation held about $134 million in SRM […]
The chaotic turn of events surrounding FTX left a strong feeling of mistrust about the world’s leading cryptocurrency exchanges. Due to the market value crash, several important cryptocurrency projects are on the verge of facing serious liquidity issues. With that in mind, Changpeng Zhao, Binance’s CEO, announced his company will develop a new “Industry Recovery […]
In less than two weeks, Sam Bankman-Fried has gone from hero to villain in the crypto industry. Once seen as a proponent for regulation who had the ear of politicians, Bankman-Fried is now at the center of a $32 million meltdown. The Timeline On November 2, a report came out that suggested SBF’s two companies, […]
