Cardano Grows 400% after FTX Collapse, Will ADA hit $5?
The Cardano ecosystem has recorded unprecedented growth with the number of wallets increasing by 33,097 in the past week.
The Cardano ecosystem has recorded unprecedented growth with the number of wallets increasing by 33,097 in the past week.
FTX exchange has fired three of its prime executives, together with co-founder Gary Wang, the Wall Avenue Journal reported on Friday, citing an FTX spokeswoman.
Long-term investors’ will to continue amassing coin holdings has weakened. Concerns have been raised that the FTX disaster might make the crypto winter last longer.
The fall of FTX and her sister company Alameda has caused devastation throughout the crypto market without excluding the team behind this catastrophe.
Binance. U.S, the US branch of the world’s largest cryptocurrency exchange is planning to make a bid for the insolvent loan platform Voyager Digital.
Firms that allow users to self-custody their cryptocurrencies, such as Ledger and Trezor, have experienced an increase in sales after FTX went bankrupt.
El Salvador’s President Nayib Bukele recently tweeted that the government will begin acquiring one Bitcoin every day starting on November 18th. Read CNL.
Temasek Holdings, a Singaporean state investor, said that it will write off the whole value of its $275 million stake in the collapsed crypto exchange FTX.
Sam Bankman-Fried has been dubbed the Bernie Madoff of crypto after his firm, FTX, was insolvent and its filing for chapter 11 bankruptcy on November 11.
FTX’s demise was dubbed a “travesty” by Citadel founder and CEO Ken Griffin, who also called out SBF for having strange ties to the Democratic Party.
Along with the collapse of competitor exchange FTX, Binance saw record volumes of withdrawals of Bitcoin, Ethereum, and stablecoins. Read CNL.
Influencers in the cryptocurrency sector have been advising that all funds be completely withdrawn from exchanges like Gate.io and Cex.io. Read CNL.