FTX collapse

The ongoing decline of the crypto market has left more commercial wreckage in sports — as an affiliate of the NFL Players Association scrambles to recoup nearly $42 million. The union's annual report recently filed with the U.S. Department of Labor detailed $41.8 million in accounts...

Late Monday, Sam Bankman-Fried, the co-founder of cryptocurrency exchange FTX (CRYPTO: FTT), filed pretrial motions to dismiss the majority of charges he is facing.  Set to go on trial this fall, Bankman-Fried faces more than a dozen charges, including wire, securities and...

Amid an extended crypto winter, some 44,444 Bitcoin (CRYPTO: BTC) have been taken off exchanges in the last month, according to statistics from Coinglass. That's a staggering $745 million. Investors continue to express concern about the reeling crypto market, which was made worse by the FTX (...

A popular crypto analyst warns of a 'grave danger' for Bitcoin (CRYPTO: BTC) as the apex cryptocurrency rallies on news that Brazilian lawmakers have approved a regulatory framework for using BTC for payments. What Happened: Lark Davis told his 480k followers on YouTube that “it's...

Ethereum (CRYPTO: ETH), the second-largest cryptocurrency, must hold above a key price level before its price can potentially move over the $1,500 mark, according to a popular analyst. What happened: According to crypto trader Michaël van de Poppe, Ethereum’s price must sustain above $1...

Mavericks owner and investor Mark Cuban still believes in crypto, even though the entire cryptocurrency market is reeling under the FTX collapse. His optimism is based on the key underlying technologies that allow crypto transactions to be made, known as smart contracts.  A...

FTX’s stunning collapse not only left employees “sick with anger,” but the company may also have more than one million creditors, rather than its initially stated 100,000, according to information in a Tuesday bankruptcy filing.  The past week’s shocking...