Theories about the nature of what happened Little is still known to the crypto community until the crypto exchange FTX, which failed as it proliferated. Former FTX CEO Sam Bankman-Fried has opened up about the issue on his social media, mentioning a mysterious “sparring partner.” This week, Bitcoin.com News also provided a detailed look at the rise and fall of the collapsed giant exchange. All this and more is right below.
FTX CEO Updates Crypto Community, Sunsets Alameda Trading, Mentions Certain ‘Sparring Partners’
Nov 2022 10 Earlier today, FTX CEO Sam Bankman-Fried (SBF) addressed the crypto community in a thread posted on Twitter. Pointing to his failure, the SBF noted that he “should have done better,” and at one point elaborated that “maybe he has more to say about certain sparring partners.”[21] }
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From $32 Billion Valuation to Financial Troubles: A Closer Look at the Rise and Fall of FTX
The cryptocurrency community has been dealing with the FTX debacle after Binance revealed it had pulled back on a deal to acquire a rival exchange. On November 8-9, the crypto economy lost more than $230 billion in value as FTX troubles rocked investors. Below are the details of the virtual currency exchange FTX. The trading platform rose from the top to the bottom in less than three years.
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Tim Draper Receives BTC EXTEND {46
Tim Draper, American venture capitalist and founder of Draper Fisher Jurvetson (DFJ), remains confident. In his Bitcoin prediction, the cryptocurrency says he will tap $250,000 per unit. Draper said at Draper University’s blockchain party in April 2018 that he predicted “by 2022, he’ll be $250,000.” At his Web Summit 2022 event earlier this year, Draper said he extended his predictions by “six months” because he expects Bitcoin to tap into that price range “by mid-2023.”
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XRP SEC Lawsuit Expands Ripple Support — CEO Says ‘This is unprecedented,’ says ‘
12 Amicus briefs filed as Ripple Labs fight grows with US Securities and Exchange Commission (SEC) over xrp I was. “This is unprecedented,” said Ripple CEO Brad Garlinghouse, adding that each brief explains it in its own way.
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