Business Maverick: Crypto markets sag as funds drained from FTX switch out of Ether

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 84%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Cryptocurrency prices struggled on Monday in the ongoing crisis sparked by the downfall of Sam Bankman-Fried’s once powerful FTX empire.

The largest token Bitcoin has shed about 2.5% over two days, while second-ranked Ether is roughly 6% lower. Meme token Dogecoin – an arbiter of the most speculative animus in an already racy digital playground – is down 12%.owed

Crypto lender BlockFi Inc could be next: people with knowledge of the matter said last week that it’s preparing to“The FTX issues are really an urgent reminder of the need for regulatory clarity and a real regulatory framework for crypto,” Christian Catalini, founder of the MIT Cryptoeconomics Lab, said on Bloomberg TV.

Ether has underperformed Bitcoin over the past couple of sessions in part amid speculation that some of the $663-millionThe person or entity that raided FTX emerged last week as one of the world’s biggest holders of Ether, with a haul of about $288-million.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hopefully the adverts that see encouraging small and large investors will disappear. People have lost life savings to this well presented scam.

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:

 /  🏆 3. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DESNÉ MASIE: FTX crypto scandal is investment story as old as timeContagion that follows first investor alarm reveals illusion that all assets are self-fulfilling prophecies Yet we keep get tripped by the same stone over and over again.
Source: BDliveSA - 🏆 12. / 63 Read more »