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News & Articles By Arsenio Toledo
11/30/2022
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By Arsenio Toledo
World’s largest bitcoin trust refuses to share proof of reserve audit
Grayscale, the world’s largest bitcoin trust, is refusing to provide proof of reserve audit amid concerns from investors that the company may be affected by the FTX fiasco. Following the implosion of FTX earlier this month and its subsequent bankruptcy proceeding exposing the depths of the company’s mishandling of customer finances, multiple cryptocurrency companies have jumped […]
11/23/2022
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By Arsenio Toledo
FTX collapse fallout: Crypto brokerage firm Genesis warns of possible bankruptcy
Genesis, a digital asset brokerage firm, is reeling from the fallout of FTX’s collapse as it struggles to stave off bankruptcy. The company has warned potential investors that it may need to file for bankruptcy if its efforts to obtain fresh cash for its lending unit fail. “We have no plans to file bankruptcy imminently,” said […]
11/23/2022
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By Arsenio Toledo
Crypto exchange platform Coinbase lost around 85% of its value in one year
Cryptocurrency exchange platform Coinbase has lost around 85 percent of its value since this time last year. Coinbase is one of the largest crypto exchanges by volume in the world, with the company’s year-to-date trading volume as of early November being recorded as over $775 billion, right behind UpBit, OKX and Binance, the latter of which is […]
11/23/2022
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By Arsenio Toledo
Jay Dyer: FTX scam no different from how Federal Reserve prints money and assigns it value
As cryptocurrency exchange FTX continues to collapse, Jay Dyer of “Jay’sAnalysis” podcast makes it clear that this is exactly how the Federal Reserve runs the economy of the United States. Serving as a guest host in an episode of “The Alex Jones Show” on InfoWars, Dyer compared how the FTX accumulated value and collapsed to how […]
11/16/2022
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By Arsenio Toledo
Crypto.com withdrawals SURGE after CEO admits “mishandling” $400M transaction
Thousands of clients of the cryptocurrency exchange platform Crypto.com pulled out their funds from the site over the weekend after the company’s chief executive admitted to “mishandling” a transaction involving roughly $400 million worth of crypto assets. Crypto.com CEO Kris Marszalek said on Twitter that the $400 million transfer was mistakenly sent to the wrong type […]
11/11/2022
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By Arsenio Toledo
Solana’s value cut in half following FTX liquidity crisis
The liquidity crisis affecting cryptocurrency exchange platform FTX has also impacted other major crypto players – including Solana and its token SOL. Earlier this month, FTX entered a downward spiral that saw the company’s fortunes crumble to almost nothing within the span of days. Binance, a rival crypto exchange, initially offered to buy the company. But less […]
11/10/2022
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By Arsenio Toledo
Report: Crypto exchange Binance still serving Iranian clients, allowing them to trade despite sanctions
Cryptocurrency exchange Binance has been aiding Iranian firms to circumvent American sanctions intended to cut Iran off from the global economy by processing nearly $8 billion worth of transactions since 2018. With over 120 million users, Binance is the world’s largest platform for exchanging cryptocurrency assets with fiat money or even with physical assets like gold and […]
11/10/2022
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By Arsenio Toledo
Binance backs out of bailout plan to rescue FTX, causing further turmoil across crypto markets
Cryptocurrency exchange platform Binance has backed out of a deal to acquire FTX, a similar crypto company, leaving the latter on the verge of total collapse. Just months ago, FTX and its sister trading firm Alameda Research were two of the largest cryptocurrency firms in the world. Their 30-year-old founder and CEO, crypto trader and […]
10/28/2022
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By Arsenio Toledo
Weakening dollar leading to more oil exports and price hikes
Oil prices in the United States are continuing to rise as the dollar weakens and the White House exports more and more crude oil and fuel. From Tuesday, Oct. 25, to Thursday, Oct. 27, oil prices in America rose following reports that the White House has been exporting record levels of crude oil and fuel. […]
10/11/2022
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By Arsenio Toledo
Israel, Norway and Sweden to test central bank digital currencies for cross-border transactions
The central banks of Israel, Norway and Sweden have signed up to a Bank of International Settlements-led (BIS) project that will test the feasibility of using central bank digital currencies (CBDCs) for cross-border payments. Known as Project Icebreaker, it will enable fast international transactions using CBDCs at a significantly lower cost compared to existing systems […]
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