A few months ago, at the height of both his fame and fortune, the wealth of Sam Bankman-Fried was thought to be around $16 billion. By some estimates it was even $26.5 billion, depending on the value of FTT, the crypto coin of his company FTX. As he admitted to Axios in an interview this […]
Well, it has been quite the year for crypto so far. After we hit an all-time high of $68,000 in November last year we saw profit taking in December and January, followed by a first crypto collapse in May when Terra Luna’s stablecoin collapsed. Terra’s crypto token first crashed from $120 to $0.02, a 99.9% […]
Stock markets in Europe, Asia and the US were subdued on Monday because of the uncertainty over the massive anti Covid-19 protests which have erupted in China and are spreading like wildfire. If these protests last, they could impact global supply chains and cause a market crash. Crypto markets were trading mostly lower as well at first, […]
Although Bitcoin and Ethereum hardly move and the interest in crypto (and stocks) seems to decrease during the football world cup, there are still digital coins that are doing very well. Huobi Token, the digital coin of the similar platform, lost a lot of its profits built up in October due to the FTX scandal, […]
Although the price of Bitcoin has mostly remained steady, there is still a lot happening this week. Major news outlets released articles and opinion pieces calling for the ‘end of crypto’, Ark CEO Cathie Wood doubles down on her crypto portfolio and believes it is a great time to invest while Dogecoin got a Black […]
As from the moment that the FTX scandal started to spread, there was a lonely tweet suggesting a movie to be made about Sam Bankman-Fried (SBF) and his fall from grace. The tweet suggested that Jonah Hill, most famous for his role as Donnie Azoff in the Wolf of Wall Street, would play SBF because […]
As we mentioned a few times this year, the best trade was probably the US dollar index (DXY). However, as investors take profits before the year is over and other global central banks raise interest rates, the dollar index is falling to a crucial point. Meanwhile, Bitcoin finds support and moves higher again.Lastly, FTX founder […]
The weirdness of the crypto platform that once was FTX is coming to light as the court case over the major bankruptcy is getting underway. Not only did FTX spent some $300 million on holiday homes and other perks for senior staff, it now also seems that Sam’s parents, both law professors as Stanford university, might […]
The US department of justice has accused two men in Estonia of organizing a sophisticated crypto ponzi scheme in which they had set up a fake virtual bank (called Polybius) with it’s own website and all. Two 37-year-old men, called Sergei Potapenko and Ivan Turogin, have been arrested by Estonian police and the US authorities […]
Although many thought that Bitcoin would fall further due to the FTX scandal, the largest digital currency still held up reasonably well and the volatility of Satoshi Nakamoto’s invention has remained stable in recent weeks. It is therefore clear that Bitcoin has found a support level around $15,000 to $16,000. The question therefore remains what […]
