Uinta Crypto Consulting News Today

MailOnline tackles the biggest questions you may still have about cryptocurrency, including exactly what they are and how they work.

Devastated Australians have seen their marriages breakdown and have been left contemplating suicide after the cryptocurrency firms they invested in collapsed.

FTX struck a bailout deal with rival Binance after concerns about its financial health triggered $6billion of withdrawals in just three days, in yet another alarm warning for the battered market.

Struggling cryptocurrency exchange FTX faces a fresh crisis, following reports that its biggest rival Binance may walk away from a proposed bailout as the saga rocks the wider crypto market.

The token fell as much as 7.7 per cent to $21,404 (£18,057) in early trading, before recovering slightly to reach $21,714 (£18,311) by just after 10.30am.

Bitcoin - the most well-known cryptocurrency - has lost more than 50 per cent of its value since it reached a peak of nearly £50,000 per coin in November last year.

Armstrong (pictured) was once worth $13.7billion but has seen $11billion vanish from his personal wealth as digital currencies went through the floor when investors started to sell.

The value of the shorted stocks soared last year when small-time investors coordinated online, boosting stock price and hurting hedge funds.