Crypto
FTX working to secure assets after 'unauthorized' transactions
The new CEO of troubled cryptocurrency platform FTX said Saturday the company was making "every effort to secure all assets" following unauthorized transactions potentially worth hundreds of thousands of dollars. FTX US and FTX.com "continue to make every effort to secure all assets, wherever located," Ray, who specializes in corporate turnarounds, said in the statement.
Mercedes F1 team dump crypto partner
The Mercedes team on Friday confirmed they had suspended a sponsorship deal with crisis-hit crypto currency exchange FTX and had removed the company’s logos from their cars ahead of this weekend’s Sao Paulo Grand Prix. Mercedes signed a sponsorship deal with FTX in September, 2021 when they were the reigning champions.
Cryptocurrency platform FTX goes bankrupt in US, boss resigns
Crisis-struck cryptocurrency platform FTX has gone bankrupt in the United States and its chief executive Sam Bankman-Fried has resigned, it said Friday, the latest blow in a saga that has reverberated across the digital currency landscape.
Changpeng Zhao, the undisputed king of crypto
At parties, on stages and in meetings, Changpeng Zhao is rarely seen without his black polo shirt, emblazoned with the insignia of his crypto firm Binance. And 45-year-old Zhao, who founded Binance in Shanghai in 2017, has emerged as the most central and most visible figure in crypto.
Asian stocks down after US midterms turn global markets red
Asian stocks started down on Thursday after inconclusive US midterm election results and a turbulent cryptocurrency market left Wall Street and European markets in a sea of red. The uncertainty, especially about how the midterm results would impact inflation, transferred to Asia overnight.
FTX collapse gives crypto sector 'another black eye'
Even for a sector regularly rocked by bankruptcies, the collapse of FTX –- a cryptocurrency platform worth $32 billion at the beginning of the year -- came as a shock.
Crypto kid Sam Bankman-Fried falls prey to Binance
Sam Bankman-Fried has undergone a rapid transformation from top of the heap in the world of cryptocurrencies as chief of the FTX digital exchange to embattled executive forced to seek help from rival Binance. The rapid about-face was a shock: Only Monday, Bankman-Fried insisted FTX was financially stable.
US seizes $3.4 bn in bitcoin stolen from Silk Road
The US government announced Monday it had seized $3.4 billion in bitcoin from a real estate developer who stole the cryptocurrency from the dark web marketplace Silk Road a decade ago.
Pick n Pay adds crypto payment options at 39 stores across SA, citizens welcome implementation
Pick n Pay customers can now use cryptocurrency to purchase groceries at till points. The Bitcoin payment option will be implemented in 39 stores in Mzansi.
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