According to data from the most recent Bloomberg Terminal, updated on November 8th, FTX CEO Sam Bankman-Fried’s net worth underwent a stinging downfall. In the last couple of days, FTX went through a rollercoaster of emotions after its competitor, Binance announced that the exchange would be liquidating FTT assets in the near future. $280-Million lost […]
Binance, the world’s largest cryptocurrency exchange, reached an agreement to acquire its competitor FTX. This week, Bankman-Fried’s exchange experienced a major liquidity crisis after Binance decided to liquidate the exchange’s token, FTT. For this reason, Binance may be forced its hand on devaluing FTX’s price, ahead of the acquisition. The transaction is the largest consolidation […]
Too many complaints and fraud. Too many rug pulls and crashes. All of these activities have caused one European bank brand to make a difficult decision. Santander Banks of UK will soon block all crypto-exchanges from doing transactions with its customers. The ban on cryptocurrency trading begins 2023. The exact date has not […]
