Investment Companies

A Bitcoin mining pool is a network of miners who combine their resources (that is, hash rate) to channel them towards digitally unearthing new Bitcoins so that the reward will be shared in proportion to the amount of hash rate provided by each entity on the network. Miners are the backbone of the Bitcoin network. […]

QUICK TAKE: JPMorgan’s Portfolio Manager delivers scathing remarks on Cryptocurrencies’ asset value. The investment bank withdraws its holdings in the Cryptocurrency industry. The New York-based investment bank, JPMorgan no longer wishes to keep its cryptocurrency investments. Simple reason: the sector has been on a downward spiral since 2021, a trend that even took a turn […]

QUICK TAKE: BitKeep experiences the second hijack of its assets since October. Internet fraud succeeded due to a bogus APK app. E-fraud advancement? The year 2022, adjudged as the worst year to date for the Cryptocurrency industry has seen a spike in cybercrimes, and with each new experience, fraudsters’ approaches and methods get better. A […]

QUICK TAKE: Vauld and Nexo fail to conclude on terms of the agreement for a pending deal. Lack of transparency was identified as one of the reasons for the futile talks. Across the board, several Crypto firms are entering into partnerships as a means of remaining afloat. While some have recorded a measure of success, […]

QUICK TAKE Judge quits her role in the FTX-SBF lawsuit for reasons bordering on compromise. Her husband currently has a partnership with a firm that once advised FTX. Ronnie Abrams, the presiding judge in the lawsuit against FTX’s embattled co-founder, Sam Bankman-Fried (SBF) no longer wants to serve in that capacity. In a written court […]

Indian Central Bank contemns the continual adoption of private digital currencies due to its volatile tendency on a global scale Considering the recent appalling events that hit FTX, the Reserve Bank of India, through its head, Shaktikanta Das is pushing for an end to the use of cryptocurrencies. His argument stems from the fact that […]

The preceding statement is supported by the recent turbulence that rages across the crypto industry, affecting major exchange platforms. A very good example of a platform affected by the crisis is FTX. But what exactly is meant by the statement? The answer to this question, as well as the advantages of keeping a private key […]

  Quick Take A key FTX official communicated with the Bahamas SC boss about the ongoing illegalities before the firm’s collapse. SBF and two others made moves that contravened governance rules.   The gamut of woes rocking the once-blossoming FTX continues as more revelations pour in. In a November 2022 disclosure by Ryan Salame, the […]

Within the last 24 hours, customers have made withdrawals of close to a billion dollars from the platform as they become concerned about the proof of its financial reserve report. According to the information gathered by a blockchain intelligence platform, Nansen, $902 million has left the platform in the past 24 hours. This is a […]

ByBit and Swyftx announces their intention to reduce their workforce as they could no longer cope with the crisis of the crypto winter. ByBit is a high-ranking crypto exchange platform based in Dubai. part of the measures that they considered to be taken to keep their business floating is the reduction of their workforce. In […]