The hacker has begun dumping some of their ether holding into other assets, according to public blockchain records of the account suspected to be linked to the person. This could be one reason ether is down more sharply than bitcoin.”It obviously adds a direct selling pressure on ethereum and it affected bitcoin and other tokens,” … Read more
Former US Treasury Secretary Steven Mnuchin thinks the correction in the equity markets has turned into a positive, especially for tech companies that “had gotten to craziness” and now present some good opportunities. But one overvalued tech bet he never liked was bankrupt crypto trading firm FTX, which collapsed spectacularly from a $32 billion valuation … Read more
Markets probably didn’t need another more brick on the 2022 wall of worries, but got one anyway as FTX, the world’s third largest crypto exchange, is teetering on a collapse that could upend already shaky broader risk appetite. Read: Sequoia on its FTX investment: Some surprise to the upside, and some surprise to the downside … Read more