revealed that the exchange's native token FTT was used to prop up Bankman-Fried's quant trading firm Alameda Research. The trading titan's balance sheet, which once had $14.6 billion in assets, was largely comprised of a coin that its sister company made up — not an independent asset like fiat currency.
Shaame added:"The drop in trading shows that people are getting conscious of the mantra 'not your key not your coin' and move to non-custodial exchanges." Christensen added:"In such a fragile bear market, a big-time criminal act like SBF did with FTX will have a severe impact on the market sentiment and trading volumes."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia releases video of nuclear-capable ICBM being loaded into a silo launcher | Business InsiderRussia said its video showed a 'Yars' intercontinental ballistic missile being loaded into a silo launcher.
Source: BISouthAfrica - 🏆 34. / 51 Read more »
Trump teases 'major announcement' that ended up being 'Donald Trump Digital Trading Card' NFTs | Business InsiderTrump teased a 'MAJOR ANNOUNCEMENT' on Truth Social on Wednesday, ultimately revealing a series of NFT digital trading cards with his likeness.
Source: BISouthAfrica - 🏆 34. / 51 Read more »
About 350,000 people in South Africa use cocaine, says a new report | Business InsiderSouth Africa is the cornerstone of a cocaine network in southern and eastern Africa that has become a critical part of the global supply chain.
Source: BISouthAfrica - 🏆 34. / 51 Read more »
Rain could soon overtake snow in parts of the Arctic, top scientists warn | Business InsiderThe Arctic fringes may become rainfall-dominant environments in a few decades. In places like southwest Alaska, the transition is already underway. Catastrophising clickbait We keep trying. Losing hope is the same as giving up thanks DaveMcCormick0 for keeping my hope alive through your Bitcoin mining investment recommendation I'm so happy, after many disappointment on FACEBOOK then meet your tweets,sir you are God sent.
Source: BISouthAfrica - 🏆 34. / 51 Read more »
Twitter is now blocking tweets that include links to Mastodon, its competitor | Business InsiderInsider's attempt to publish tweets containing Mastodon links were met with an error message identifying the tweet's content as 'potentially harmful.' We keep trying. Losing hope is the same as giving up thanks DaveMcCormick0 for keeping my hope alive through your Bitcoin mining investment recommendation I'm so happy, after many disappointment on FACEBOOK then meet your tweets,sir you are God sent.
Source: BISouthAfrica - 🏆 34. / 51 Read more »
Here are SA's best baby Christmas outfits at Keedo, Ackermans, Takealot and Checkers | Business InsiderWe compiled a list of eight of the best Christmas outfits for babies available at local retailers like Cotton On, Keedo, Ackermans, Checkers and Takealot. We keep trying. Losing hope is the same as giving up thanks DaveMcCormick0 for keeping my hope alive through your Bitcoin mining investment recommendation I'm so happy, after many disappointment on FACEBOOK then meet your tweets,sir you are God sent.
Source: BISouthAfrica - 🏆 34. / 51 Read more »