FTX Token plunged by over 70% in today’s session, as sentiment surrounding Binance’s potential buyout of FTX continued to raise market eyebrows. Following speculation that FTX could be insolvent, Binance’s Changpeng “CZ” Zhao moved to acquire the firm, pending due diligence. Solana is also significantly lower, due to FTX’s sisterContinue Reading
On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has slid under $900 billion for the first time since January 2021. The Binance and FTX news has come as aContinue Reading
US regulators are investigating whether Sam Bankman-Fried’s FTX properly handled client funds following the exchange’s liquidity crunch, Binance acquisition. SEC, CFTC reportedly probing FTX over handling of customers’ funds. Investigations also relate to lending. SEC probe reportedly predates Binance’s acquisition of FTX. U.S. financial regulators have apparently been actively followingContinue Reading
Perth Heat players can now get bitcoin ‘boosts’ through a new Lightning-powered fan engagement feature launched in partnership with IBEX. Perth Heat now lets fans send micropayments to players with bitcoin through Lightning. The team last year became the first sports club to operate on a Bitcoin Standard. The newContinue Reading
The world’s largest exchange said on Wednesday that it will not pursue the potential acquisition of Sam Bankman-Fried’s FTX. Binance walks away from FTX deal following due diligence. Firm also mentioned U.S. investigations of FTX. Retail investors are left hanging without access to funds. Binance will not move forward withContinue Reading
Politics in today’s world no longer has anything political about it, and how Bitcoin revives The Political. This article is the featured in Bitcoin Magazine’s “The Orange Party Issue”. Click here to subscribe now. “Today nothing is more modern than the onslaught against The Political. American financiers, industrial technicians, MarxistContinue Reading
Pete Rizzo and Dan Held discuss the release of the Bitcoin white paper and how the cypherpunk community responded to Satoshi Nakamoto’s idea. This is a recording of a recent Twitter Spaces conversation about the Bitcoin white paper and what it means to the Bitcoin community. Listen To This TwitterContinue Reading
It’s possible that the bitcoin price reached a bottom already, but macro headwinds may take it lower. Only time will tell if the bottom is in. This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Dr. JeffContinue Reading
The lure of leverage has created yet another major collapse within the wider cryptocurrency industry. This is an opinion editorial by Josef Tětek, the Trezor brand ambassador for SatoshiLabs. So FTX is rekt after all. As we’ve witnessed throughout the year, even the “reputable” industry actors are basically just highContinue Reading
Greg Foss and Dylan LeClair discuss how bitcoin solves the global credit unwind and the way this cycle differs from the 2008 subprime mortgage crisis. This is a recording of a recent Twitter Spaces conversation about broken credit markets, runaway inflation and why we need to fix the current financialContinue Reading
