Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
New York, United States | AFP | by Julie CHABANAS The new chief executive of troubled cryptocurrency platform FTX said Saturday the company was making “every effort to secure all assets” following unauthorized transactions potentially worth hundreds of millions of dollars. “Unauthorized access to certain assets has occurred,” CEO John Ray said in a statement posted to Twitter by FTX’s general counsel, Ryne Miller. FTX officials did not detail the quantity of unauthorized transactions made, […]
Singapore, Singapore | AFP | Crypto.com’s CEO tried Monday to reassure investors after the company had to recover $400 million following an erroneous transfer, further shaking markets rattled by the collapse of fellow trading site FTX. Chief of the Singapore-based firm Kris Marszalek said on a livestream the company had a “very strong balance sheet”. The platform managed to recover $400 million after it had transferred the ether cryptocurrency to the wrong account. FTX’s bankruptcy […]
New York, United States | AFP | 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. The filing comes after the world’s biggest cryptocurrency platform Binance agreed to buy its rival earlier this week but backed out, leading market players to consider possible regulator responses. FTX Group announced […]
Paris, France | AFP | Scammers have stolen $100 million in cryptocurrency from Binance, the world’s biggest exchange for cryptoassets, the firm said on Friday. Company chief Changpeng Zhao wrote on Twitter that “an exploit” in the system led to extra production of the exchange’s dedicated currency, adding: “The current impact estimate is around $100m.” “The issue is contained now. Your funds are safe. We apologise for the inconvenience and will provide further updates accordingly,” […]
SINGAPORE, Singapore (AFP) – Do Kwon, the wanted South Korean founder of the failed cryptocurrency Terra, denied Sunday he was on the run after the Singapore police said he was not in the city-state as had been believed. Kwon’s whereabouts have been thrown into question after the Singapore Police Force (SPF) statement late Saturday, and his tweets did not reveal where he was. The collapse of Terraform Labs earlier this year wiped out about $40 […]
Seoul, South Korea (AFP) A South Korean court issued an arrest warrant Wednesday for the founder of the failed Terra cryptocurrency, which collapsed earlier this year, wiping out about $40 billion of investors’ money. Do Kwon, the 31-year-old South Korean who is the founder of Terraform Labs, is believed to be in Singapore, where he last month gave his first media interview since the collapse admitting that he was “wrong”. The prosecutors’ office on Wednesday […]
by Joseph SOTINEL Agence France-Presse LONDON, United Kingdom (AFP) — Cryptocurrency critics, including economists and researchers, will gather in London and online this week to get their message across to regulators about the booming but volatile sector. A number of governments have expressed concerns over cryptocurrencies, but those behind the first Crypto Policy Symposium say they hope the event will prompt much more “critical discourse” of the sector. “There are so many crypto conferences […]
NEW YORK, United States (AFP) — An investor in dogecoin, originally created as a joke but whose value increased and fell as it was promoted by Elon Musk, filed a $258 billion lawsuit Thursday against the billionaire and his companies Tesla and SpaceX. Keith Johnson, who says he lost money after investing in dogecoin, described himself as an “American citizen who was defrauded” by what he called a “Dogecoin Crypto Pyramid Scheme.” He is asking […]
TOKYO, Japan (AFP) — Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets with investors spooked by aggressive US monetary tightening and surging inflation. The world’s largest cryptocurrency by market value fell as low as $29,764 in Tuesday trade, before recovering above $30,000, extending a recent collapse in price as investors desert assets viewed as risky. Bitcoin’s value has more than halved since a November surge […]
WASHINGTON, United States (AFP) — North Korean-tied hackers were responsible for a $620-million cryptocurrency heist last month targeting players of the popular Axie Infinity game, US authorities said Thursday. The hack was one of the biggest to hit the crypto world, raising huge questions about security in an industry that only recently burst into the mainstream thanks to celebrity promotions and promises of untold wealth. Last month’s theft from the makers of Axie Infinity, […]
SAN FRANCISCO, United States (AFP) — The Ukrainian government on Monday launched a website in partnership with crypto-firms FTX and Everstake that will funnel donations to Ukraine’s central bank as it combats a devastating invasion by Russia. On the “Aid for Ukraine” website, users can currently offer donations in 10 cryptocurrencies, including Bitcoin, ether, tether and dogecoin. “Cryptocurrencies play a significant role in Ukraine’s defense,” Oleksandre Borniakov, Ukraine’s deputy minister of Digital Transformation, said […]
LONDON, United Kingdom (AFP) — Bitcoin extended losses Friday after China’s latest crackdown on cryptocurrencies. Bitcoin, which had already been falling before the announcement, dropped as much as 6.0 percent in value before trimming losses to stand at $42,256, down 5.5 percent. © Agence France-Presse
