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BBCNEWS World Business Report June 4, 2024 05:36:00

Because of the collapse of ftx after pumping in under $300 million every several months. the funders were almost 300 billion certain investments in ftx is a small percentage of its portfolio and the country deputy prime minister says it s because the potential damage of the fun. injapan, customers of ftx japan still can t withdraw their assets either but it ceo said they are safe and separate from the rest of ftx and we just learned that they are trying to sell its unit. aside from direct investors of ftx, i spoke to a lot of young gen z crypto investors here in asia earlier this year and many of them are really suffering now because of a sharp fall we saw in crypto prices. some of that was caused by the collapse of two popular tokens, luna and terry usd, credited by a south korean who is in hiding and ....

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BBCNEWS World Business Report June 4, 2024 05:37:00

Ecosystem, for example kim kardashian was fined 1.6 million for promoting an ill fated coin. multiple massive cyber attacks on crypto currencies have also knocked confidence in the organisations with some interesting projects based on blockchain, the underlying technology that powers the crypto well. as the industry has taken a knock after knock, the companies that demand on there being a huge demand on there being a huge demand for crypto currencies have really struggled, many have really struggled, many have gone bankrupt. the icing on the case was the latest scandal involving ftx. that was used by millions to exchange their normal money for bitcoin or other tokens but it was revealed to be financially unstable. everything came crashing down injust a unstable. everything came crashing down in just a few days and now its founder, and the former king of crypto, sam bankman fried, is in custody, accused of fraudulently misusing customer funds. accused of fraudulently misusing customerfu ....

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BBCNEWS World Business Report June 4, 2024 05:36:00

Crypto currencies is often seen like a roller coaster, with the price of bitcoin and other digital tokens rising and falling dramatically. but in 2022 and has only really been going in one direction, down. around october time, where one bitcoin cost around $70,000. now it is 18,000. that is a 70% drop. so what s been happening? it is a bit of a cocktail of self inflicted harm in the industry, and global macroeconomic factors. firstly, financial pressures around the world have led to people and investment firms pulling back from their crypto bets or minimising them. that might have been what started the slide. but then in may, the disastrous collapse of two really popular crypto tokens caused $400 billion to be wiped from the crypto ecosystem, and the man who created those coins, wanted by the south korean authorities. then there were some other smaller scandals that have knocked trust in the crypto currency ....

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Shareholder Letter: Tonner-One World Holdings, Inc. CEO Discusses Tradecore Products and TCHR Tokens

KATY, TX / ACCESSWIRE / December 20, 2022 / Tonner-One World Holdings, Inc. (OTC PINK:TONR) Shareholder Letter:I am extremely pleased to announce that Tonner-One World Holdings, Inc. has made significant ....

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BBCNEWS BBC News June 4, 2024 03:24:00

Katie razzall, bbc news. the website offering digital trading cards of donald trump says the supply has sold out in just one day. the tokens, said to be a limited edition of 115,000 were priced at $99 each which suggests the images, featuring mr trump as an astronaut, a superhero and a racing car driver, have netted $4,165,000 since thursday. the website says the cards are not political, have nothing to do with any political campaign, and are not owned, managed or controlled by mr trump. now christmas preparations are in full swing around the world. let s take a look at santa beginning his annual rounds. ....

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