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FTX Trading Ltd., trading as FTX (Futures Exchange), [5] is a bankrupt company that formerly operated a cryptocurrency exchange and crypto hedge fund. [6] [7] The exchange was founded in 2019 by Sam Bankman-Fried and Gary Wang and collapsed in 2022 after massive fraud perpetrated by Bankman-Fried and his partner Caroline Ellison forced the company to file for Chapter 11 bankruptcy.
These assets include stock-clearing company Embed Financial Technologies and the naming rights to FTX Arena. [62] Disagreements emerged between remaining executives, with Bankman-Fried and FTX COO Constance Wang resisting urges from Ryne Miller, a member of FTX US's legal team, to end trading on the exchanges. [ 63 ]
Long Blockchain Corp. (formerly Long Island Iced Tea Corp.) is an American corporation based in Farmingdale, Long Island, New York. Its wholly owned subsidiary Long Island Brand Beverages, LLC produced ready-to-drink iced tea and lemonade under the "Long Island" brand.
HIVE Digital Technologies Ltd (NASDAQ:HIVE) shares are trading higher on Tuesday. The company disclosed the strategic relocation of its headquarters from Vancouver, Canada, to San Antonio, Texas.
Terra is a blockchain that leverages fiat-pegged stablecoins to power a payment system. For consensus, the Terra blockchain uses a proof-of-stake codesign. [4] Several stablecoins are built atop the Terra protocol, [4] including TerraUSD, which was the third largest stablecoin by market capitalisation before its collapse in May 2022. [5]
Diem (formerly known as Libra) was a permissioned blockchain-based stablecoin payment system proposed by the American social media company Facebook. The plan also included a private currency implemented as a cryptocurrency. The launch was originally planned to be in 2020, [3] [4] but only rudimentary experimental code was released. [5]
In 2022 when the stock market and growth stocks were crashing, so were cryptocurrencies. Dogecoin hit its high in 2021 and hasn't been back to those levels since.
Many thought XRP would double in price to $1, but thus far, that hasn't happened. Instead, investors are sitting on the sidelines, waiting to see what happens next. Confused investor with laptop.