With the emergence of cryptocurrencies in the digital world, it is becoming increasingly difficult to follow the latest trends in their development. Today we will talk to you about such an unusual digital currency as Shiba Inu or SHIB. It is worth saying that it is an Ethereum blockchain token, whose popularity has grown in … Read more
The disaster that rocked the FTX exchange caused damage to the trust the community have in cryptocurrency, though it may be a temporary one, it is a sad reminder of how Mt.Gox closed shop in a similar manner in 2014. In the next coming years, the trust in both founders Sam Bankman-Fried and Mark Karpeles … Read more
At 27 Samuel Bankman-Fried popular by his initials SBF, a son of a university professor launched a cryptocurrency exchange platform called FTX. Less than four years of operations, FTX exchange crumbled and the founder turned from being a public speaker – who everyone adored at blockchain seminars and conferences – to living nearly a ‘recluse’ life … Read more
The movement of bitcoin and other cryptocurrencies to self-custody by holders reached a historic level a few days after the collapse of FTX. Data insight provider for digital assets glassnode tweeted that withdrawals from crypto exchanges to self-custody wallets surged by a record that has only been seen three times since 2020. “Following the collapse … Read more
From $1.72 on August 1, 2019, to an All-Time High of $85.02 three years after (September 9, 2021), the sudden collapse of FTX token (FTT), remains a mystery in the cryptocurrency market. Barely 14 months after its ATH, the price of FTX tokens is nearly back to where it started. It can be described as one … Read more
Following the official announcement by the founder of FTX Samuel Bankman-Fried on Friday, November 11, 2022, that he filed for bankruptcy of the crypto exchange, different authorities confirmed that the FXT exchange has been hacked. The world’s largest crypto tracking portal CoinMarketCap (CMC) on its site warned traders to be careful and warned them to, “avoid … Read more
Virtual currencies have the potential to deliver outsized returns and long-term investment opportunities. The reason is that they offer investors greater transparency and control over their investments than traditional assets, making them more appealing to certain types of investors. Virtual currency exchanges can be hacked or stolen from, but this hasn’t happened often enough to hurt investors’ confidence … Read more
Virtual currency transactions can take a long time to complete, meaning you may need to wait for your money to arrive in your account before you can start using it. Virtual currencies are an ideal way to make transactions between two parties who do not have physical access to each other. However, the speed at … Read more
Virtual currencies are a relatively new phenomenon that has revolutionized the way we do business. This is because they are less volatile, so there’s less chance that the price will go down or up too much at one time, which would make it seem like a good investment option even though it isn’t necessarily true … Read more
The upsides of virtual currencies are that they are secure, easy to use, and fast making them a proud situation. They also have low transaction fees, meaning you can save money on your transactions. The downsides are reduced rewards and returns, high volatility rates, reduced scalability, and increased scams. So if you’re interested in virtual … Read more