Hey Aussie,The crypto industry remains mired in a deep downturn after a $US2 trillion rout in digital assets over the past year. The slide has been pockmarked with a series of blowups of which FTX, once valued at $US32 billion, was perhaps the most damaging.Binance Holdings, the dominant cryptocurrency exchange, has been hit by large outflows as traders move to take custody of their tokens amid revelations that rival FTX may have misused customer funds before its November implosion.Net outflows of digital tokens from Binance amounted to about $US3.7 billion ($5.4 billion) in the past week, including almost $US2 billion in the last 24 hours, according to data from research firm Nansen as of 9.20am on Tuesday in London.What do you think about cryptocurrencies？💡Share Your InsightsPlease leave
Crypto exchange FTX saga - its that Bad ? Find out here !
https://www.nasdaq.com/articles/everything-you-need-to-know-about-the-ftx-meltdownPrecursor : please read linked article and form your own opinion first ok. Thanks.Certainly by now, every investor would have come across news on FTX - World's ex-2nd largest crypto exchange. The news article managed to successfully provide a "personal", yet "objective" overview of how the entire saga unfolded. In addition, if sufficient news articles are read - some will become the missing pieces; that will eventually completes this "Huge" jig-saw mess that is still unravelling; even as I composed.Simply put this is a case of a brilliant person becoming "too smart" for his & her own good.Like all "inspiring" success stories (Facebook, Apple); it had always, always started small & in m
FTT Crashed: Another Luna? The Battle Between FTX & Binance
Recently, cryptocurrency continued to crash due to the crisis of FTX. The value of the FTT and capital of founder Sam Bankman-Fried all vaporated.Behind this tragedy, it's the battle between the industry giant and the nova. Binance is the largest exchange in the world in terms of daily trading volume of cryptocurrencies. FTX is also an extraordinary player in the crypto industry. Since its launch in 19, FTX has gained the favor of Temasek, Softbank and many other institutions. This summer, FTX acquired several cryptocurrencies in deep crisis, acting as the lender for the cryptocurrency community. The story begins 1.&