Crypto.com Says It Does Not Have Financial Problems
The company CEO, Kris Marszalek, has officially denied all the rumors and stressed Crypto.com has no liquidity problems.
The company CEO, Kris Marszalek, has officially denied all the rumors and stressed Crypto.com has no liquidity problems.
The collapse of crypto trading platform FTX has led to a record outflow of Bitcoins from exchange balances to cold wallets.
Bitcoin miner maker Canaan posted a net profit of $8.6 million in the third quarter, which is 90% less than in the previous period.
A record outflow of Bitcoins from exchange balances to cold wallets has been seen amid the collapse of FTX.
Paolo Ardoino has shared information about the balances of hot and cold wallets of the trading platform.
AAX has suspended withdrawals citing a planned system update as the reason.
Venture capital firm Sequoia Capital has assured its investors that it was not affected by the collapse of FTX.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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