According to two persons with knowledge of the situation, the defunct crypto exchange FTX has lost at least $1 billion in customer assets. FTX customer funds worth $10 billion were secretly transferred by Sam Bankman-Fried, the exchange’s founder, to Bankman-trading Fried’s firm Alameda Research, the people told Reuters. They said that a large amount of … Read more
In the gaming business, the concept of micropayments has grown commonplace, and practically every successful video game features paid for things in the gameplay. The ability to transfer and own game characters has provided a plethora of options for the usage of NFTs in the gaming industry. The incorporation of NFTs in apps and games … Read more
It was a breathtaking day in the world of crypto, a volatile and strange place even on the best days. Cryptocurrencies have fallen all morning on concerns over the solvency of FTX, an exchange platform founded by Sam Bankman-Fried aka SBF. He is an entrepreneur whose name often appears with descriptions such as ‘Genius’, ‘Savior’, … Read more