As the story of the collapse of FTX unfolds, investors are beginning to worry about the fallout and long-term implications on the entire crypto industry. The fall of FTX has reignited discussions about the opaque nature of crypto exchanges and their ... Read more âș
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Just when you think it canât get any worse, Reuters reported early this morning that disgraced FTX founder Sam Bankman-Fried secretly moved $10 billion to Alameda Research using a âbackdoorâ he built into FTX software without alerting external auditors. According to ... Read more âș
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Early this month, Elon Musk introduced the $8/month blue checkmark subscription verification service. The service allows anyone who paid for a âblue checkâ to be verified. Calling it âPower to the people,â Musk said at the time of launch that âTwitterâs current lords ... Read more âș
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FTX U.S., the American affiliate of cryptocurrency exchange FTX Group, has frozen withdrawals for millions of its customers in the United States. The announcement comes just a few hours after FTX Group filed for bankruptcy and founder and CEO Sam ... Read more âș
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Just ten days after Elon Musk announced the $8 per month blue checkmark, Twitter has now suspended the subscription verification service, citing impersonation abuse. The social giant also restored the âofficialâ badge to some accounts. The move follows a surge ... Read more âș
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Sam Bankman-Fried (also known as SBF) has resigned as the CEO of the crypto exchange FTX. The sudden announcement comes just a day after SBFÂ warned FTX investors of bankruptcy without more capital. Just yesterday, Sam Bankman-Fried, who was once called ... Read more âș
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Thomson Reuters has acquired SurePrep, a 1040 tax automation software provider of tax automation software and services, for $500 million in cash. In an announcement on Friday, the information company said it has signed a definitive agreement to acquire the SurePrep to ... Read more âș
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While all eyes are on the collapse of FTX, another storm is brewing at BlockFi, a distressed crypto exchange that FTX bailed out in June with a $250 million revolving credit. Now, BlockFi is again fighting for its survival and ... Read more âș
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The crypto market had a bull run in 2021 with major cryptocurrencies surging to record highs. Meme tokens also ride on the coattails and were not left out. But for some investors, Elon Musk-backed crypto Dogecoin had the best performance as investors ... Read more âș
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Apart from the dot-com bubble of 2009, this week is probably the craziest week in the tech industry. Tech companies including startups and big tech have so far laid off at least 118,865 employees with no end in sight. Five senior Twitter ... Read more âș
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While everyone was talking about the collapse of the crypto exchange FTX, there was another problem brewing on Twitter. Earlier today, the companyâs chief security officer Lea Kissner on Thursday in a tweet said that she quit. A few hours later, ... Read more âș
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This week is probably the beginning of the end for FTX. The crypto exchange faces a series of bad news on multiple fronts. About an hour ago, the Wall Street Journal reported that FTX tapped into customer accounts to fund risky ... Read more âș
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FTX founder and CEO Sam Bankman-Fried first made headlines in 2020Â after he donated a whopping $5.2 million to Joe Bidenâs campaign, making him the second-biggest donor. But now the life of this former crypto billionaire is about to change for ... Read more âș
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Venture capital giant Sequoia Capital said crypto exchange FTX is only worth $0 after losing its entire $214 million investment in FTX via two funds. In a note to limited partners which was shared on Twitter, Sequoia says it invested over ... Read more âș
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As tech startups in the United States and Europe struggle to raise new funding, fintech startups in the Middle East and North Africa (MENA) region continue to thrive as they empower and democratize finance for customers and underserved SMEs. In a ... Read more âș
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Itâs now two weeks since Elon Musk takes ownership of Twitter and some of the companyâs policies have changed. Before Musk takes the helm of the social giant, Twitter had a permanent work-from-anywhere policy for its employees. That policy has now changed. ... Read more âș
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Today is a busy news day as we witnessed the rise and fall of the once high-flying crypto tech startup FTX. Itâs like weâre watching the entire crypto industry unravel before our eyes. Once dubbed as the savior of the crypto industry, ... Read more âș
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Today is probably one of the worst days for FTX CEO Sam Bankman-Fried, who was once called the King of Crypto. It was one bad news after another. A few hours ago, Bankman-Fried told investors that the company is seeking emergency ... Read more âș
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Today is probably the worst day in the crypto industry. In the past 48 hours, the cryptocurrency market lost over $200 billion of its value as millions of crypto investors withdrew their money from major crypto exchanges following the liquidity ... Read more âș
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Earlier today, we reported that Binance was strongly considering backing out of the FTX deal after learning that FTXâs financials are worse than let on. Now, the Wall Street Journal (WSJ) has just learned that Binance has backed out of the ... Read more âș
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ScienceDaily
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06.07.2026 09:09
Last update: 08:55 EDT.
News rating updated: 16:04.
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