The collapse of cryptocurrency exchange FTX is sending shock waves across the entire crypto industry. CEOs are now in damage control mode, as officials investigate who’s to blame. Tesla CEO Elon Musk is a bit busy right now. Just the mention of how busy he is dropped Tesla stock a little bit. What is he up to? TikTok’s…
NTD Business (Nov. 14): FTX’s Fall Hits Crypto Industry; Elon Musk: ‘Too Much Work on My Plate’
FTX Collapse Sparks Contagion Fears as Crypto.com Withdrawals Jump
November 14, 2022
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The collapse of the crypto exchange FTX has triggered fears of a potential contagion spreading in the market, with withdrawals at another exchange, Crypto.com, jumping after it admitted to making a transaction mistake. FTX, one of the largest crypto exchanges, filed for bankruptcy last week following a report by CoinDesk which revealed that the balance…
Binance Bans, Then Restarts FTT Deposits, as Congressman Calls for Crypto Regulation
November 14, 2022
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Cryptocurrency exchange Binance is once more allowing deposits to be made in FTT tokens that are issued by rival exchange FTX, hours after prohibiting the activity. In a tweet on Nov. 13, Binance said that it had noticed “suspicious movement” of a large amount of FTT by the token’s contract deployers due to which it paused FTT…
NTD Business (Nov. 11): Crypto Exchange FTX Files for Bankruptcy; Musk Warns Twitter May Not Survive
A federal court strikes down President Joe Biden’s student loan cancellation plan. But it isn’t over yet—the White House vows to keep fighting. Twitter updates: New owner Elon Musk is already warning employees that Twitter might not survive. Why? We bring you the latest on collapsed cryptocurrency exchange FTX and the background story of the…
NTD Business (Nov. 10): Stocks Surge on Moderate Inflation Data; More Woes for Crypto Exchange FTX
Wall Street surges after inflation numbers were lower than expected for October. Will the Federal Reserve slow down its rate hikes? We have analysis. Investors are losing millions of dollars in cryptocurrency exchange FTX. Which company is the latest? Elon Musk reveals big details on Twitter’s future. He gives us his plans on fighting troll farms,…
Tom Brady, Gisele Bundchen to Pick up Stake in Crypto Exchange FTX
National Football League quarterback Tom Brady and his supermodel wife, Gisele Bundchen, will each take an undisclosed equity stake in crypto exchange platform FTX Trading Ltd, the company said on Tuesday. Under the deal, Brady will also become an FTX ambassador and Bundchen will take the role of environmental and social initiatives adviser. Both will…
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