Newsfeeds - Spark Newswire

3 minute read

‘They Just Couldn’t Have So Much Cash’: Binance CEO On His FTX ‘Hunches’ And Importance Of Stablecoins In Bear Market

Today, 11:54 AM

Binance CEO Changpeng Zhao shrugged off speculation about stablecoins like BUSD (CRYPTO: BUSD) getting outlawed by regulators in the United States, saying that it was akin to asking if the Moon may disappear tomorrow.

$BUSD

3 minute read

Why FTX’s Collapse Is The Crypto Equivalent Of The 2008 Lehman Brothers Crisis

By Murtuza Merchant

Today, 11:54 AM

For what was considered to be the third-largest cryptocurrency exchange in the world, FTX’s rapid decline into bankruptcy has sent shockwaves through the crypto community, spooking millions of investors and roiling the cryp

$FTT

3 minute read

FTX Had $8.9 Billion In Debt, Could That Be Why Binance Was Offering $1 To Acquire Business?

By Chris Katje

Today, 11:54 AM

The collapse and bankruptcy of cryptocurrency company FTX continues to be one of the biggest stories of the month, year and potentially decade. A new report sheds light on just how bad the financials may have been for FTX prior to declaring bankruptcy.

$FTT

2 minute read

‘Fiat, Debt, Bitcoin, Merit’ Jimmy Song Sings Praise Of Apex Crypto At LaBitConf 2022: Interview

By Jose Rodrigo Safdiye

Today, 11:54 AM

The 10th annual Latin American Bitcoin & Blockchain Conference (LaBitConf) 2022, on Nov. 11 and Nov. 12 in Buenos Aires, Argentina, offers a bright light of optimism amid a harsh crypto winter.

$FTT

2 minute read

Sam Bankman-Fried Claims To Be In Bahamas As Flight Tracker Show His Private Jet Flying To Argentina

By Shanthi Rexaline

Today, 11:54 AM

Sam Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX, has flown to Argentina, according to Flightradar24, a flight tracker that tracks planes all over the world in real-time. The crypto entrepreneur, however, has denied the claim.

$FTT

2 minute read

Dogecoin Shows Resilience After FTX-Induced Crypto Bloodbath: How High Could Meme Currency Fly?

By Shanthi Rexaline

Today, 11:54 AM

The collapse of Sam Bankman-Fried-founded cryptocurrency exchange FTX has had a profound impact on digital currencies, with traders now calling it a Lehman-like moment for the space.

$DOGE

2 minute read

FTX US Stops Processing Withdrawals, 1 Day After Bankman-Fried Says Company Is 100% Liquid

By Murtuza Merchant

Today, 11:54 AM

FTX US, the U.S. arm of cryptocurrency exchange FTX appears to have stopped processing withdrawals Friday, hours after the company filed for Chapter 11 bankruptcy.

$FTT

3 minute read

How To Lose $16 Billion In 3 Days: How Sam Bankman-Fried’s Wealth Disappeared

By Chris Katje

Today, 11:54 AM

Several days ago, FTX co-founder Sam Bankman Fried saw his wealth plummet by over 90% to a value of $1 billion.

$FTT

2 minute read

CZ Slams Reports Binance’s Reserves Are Full Of Its Own Tokens: ‘Numbers Are All Wrong’

By Murtuza Merchant

Today, 11:54 AM

Binance CEO Changpeng Zhao on Friday came down heavily on a report the cryptocurrency exchange holds $74.6 billion in tokens, out of which nearly 40% are its own stablecoin

$BNB

1 minute read

Why Are Bitcoin And Other Cryptos Falling Today?

By Vandana Singh

Today, 11:54 AM

Bitcoin (CRYPTO: BTC/USD) is down almost 4%.

$BNB