Tim Draper Predicts Bitcoin Will Hit $250,000 Despite FTX Crash

Tim Draper Predicts Bitcoin Will Hit 0,000 Despite FTX Crash

Tim Draper, founder of Draper Associates, on stage at the Web Summit 2022 technology conference. Ben McShane | Sportsfile via Getty Images Venture capitalist Tim Draper thinks bitcoins it will reach $250,000 per coin by mid-2023, even after a difficult year for the cryptocurrency marked by industry failures and falling prices. Draper previously predicted that … Read more

FTX crash threatens the existence of cryptocurrencies

FTX crash threatens the existence of cryptocurrencies

Sam Bankman-Fried, founder and CEO of FTX Cryptocurrency Derivatives Exchange, during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, U.S., on Wednesday, Aug. 17, 2022. (Jeenah Moon/Bloomberg via Getty Images) Crypto has an Enron-sized scandal that threatens to completely undermine the trust proposition for its existence, regardless of Sam … Read more

BlockFi Files for Bankruptcy as FTX Fallout Spreads

BlockFi Files for Bankruptcy as FTX Fallout Spreads

The BlockFi logo displayed on a phone screen and the representation of cryptocurrency are seen in this illustrative photo taken in Krakow, Poland on November 14, 2022. Jakub Porzycki | Nurfoto | fake images Struggling crypto firm BlockFi has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of … Read more

FTX Crash: Billionaire Mark Cuban Gives Crypto a Dream Boost

FTX Crash: Billionaire Mark Cuban Gives Crypto a Dream Boost

The abrupt and rapid collapse of the FTX cryptocurrency exchange has caused a shock in the crypto space. The fall, in a few days, of a company valued at 32,000 million dollars in February, ended up casting suspicion on the entire young financial services industry, based on Blockchain technology. Confidence in the industry is at … Read more

FTX will sell or restructure global empire, CEO says

FTX will sell or restructure global empire, CEO says

FTX’s new CEO said Saturday that the bankrupt cryptocurrency exchange is looking to sell or restructure its global empire, even as Bahamian regulators and FTX squabble over court documents and press releases over whether the bankruptcy filing should proceed in New York or Delaware. “Based on our review last week, we are pleased to learn … Read more