The 32-year-old former billionaire was the poster boy for cryptocurrency, gracing magazine covers and enjoying audiences with lawmakers, before the speculator collapse of FTX in 2022
crypto volatility
Latest in crypto volatility
Bitcoin
Is Bitcoin a better investment than gold? Experts weigh in
Gold, the traditional safe haven asset, has faced competition from Bitcoin as a long-term investment
binance
Binance chief claps back at US lawsuit, calls it ‘unexpected and disappointing’
Binance defended its practices saying that it has been “working collaboratively with the CFTC for more than two years”
binance
Crypto trading giant Binance faces US lawsuit for ‘operating illegally’
The lawsuit against Binance was filed by the Commodity Futures Trading Commission (CFTC), who claimed that the firm cultivated US business while failing to register properly with authorities
Bitcoin
Industry cheers as crypto market crosses crucial $1 trillion mark
The total crypto market volume over the last 24 hours was to the tune of $56.97 billion, up by 1.19 percent from the previous day, the CoinMarketCap data showed
Blockchain
The Middle East is critical to the future of crypto
While 2022 was challenging, 2023 is an opportunity for the crypto industry to come of age
Bitcoin
Bitcoin bull run: Cryptocurrency breaches $21,000 with experts predicting end of crypto winter
The crypto market started 2023 on a highly positive note with Bitcoin breaching the $17,000 mark last Monday, January 9, and sustained the upward trajectory throughout the week
Bankruptcy
FTX founder Sam Bankman-Fried pleads not guilty to all eight charges
Trial date set for October 2; If convicted of all charges, Bankman-Fried faces 115 years of prison time
crypto business
Charged with ‘epic’ fraud, FTX’s Sam Bankman-Fried released on $250mn bail
Two of his top executives pleaded guilty to various criminal charges related to fraud at FTX and are cooperating with the federal government
Bankruptcy
FTX’s SBF agrees to be extradited to the US after chaotic day at Bahamas court
No date set for the extradition yet; Bankman-Fried’s lawyer says it is a voluntary decision “against legal advice” by the FTX founder
Bankruptcy
Sam Bankman-Fried arrested in the Bahamas on US request
The founder of the collapse FTX expected to be extradited soon; SBF was preparing to appear before US Congress
Bankruptcy
Domino effect: BlockFi files for bankruptcy following huge exposure to FTX
The liquidity crisis due to BlockFi’s exposure to FTX via loans to one of its affiliate companies Alameda, as well as cryptocurrencies trapped on FTX’s platform
crypto assets
Crypto insurance firms face massive surge in requests following FTX collapse
Alongside, the crypto market is also witnessing increased inter-segment collaboration, with e-wallet players such as Liminal joining hands with blockchains such as Polygon, Tezos and Avalanche to support them with safe and secure asset custody solutions
binance
Dubai’s crypto push in spotlight after $32bn FTX collapse
Dubai has positioned itself as a crypto-hub – what does that mean after the collapse of FTX?
Abu Dhabi
Binance chief Zhao seeks Middle East investors for crypto recovery fund
Zhao’s move comes after the world witnessed FTX’s bankruptcy earlier this month
binance
Zhao’s ‘recovery fund’ plan helps cryptocurrencies rise after the FTX disaster
Details not revealed, but the Binance chief tweets his intention of setting an industry recovery fund to “reduce further cascading negative effects of FTX”
binance
Binance agrees to buy its troubled rival FTX to avoid major crypto meltdown
The move follows $6 billion in withdrawals by spooked investors over the past 72 hours, triggered by Binance liquidating FTX’s in-house token FTT on Sunday