According to Kevin O’Leary- FTX collapse is a turning point for the industry.
Shark Tank star Kevin O’Leary aka Mr. Wonderful has an FTX investment but after the collapse of the crypto exchange, he said it was a turning point for his investments and his work and he could go on to say that “crypto is down.” ” He is now pushing for crypto regulation and is leaving Washington for crypto exchange. He also made a statement that this is not the first time he has made a bad investment, not the last time, but he invests more well than other bad people and learns from his mistakes.
US law enforcement instructs Paxos to freeze gold coins containing more than 11,000 PAXG tokens.
As ordered by blockchain infrastructure company Paxos, the firm has frozen 11,184.38 Pax Gold (PAXG) tokens held on the FTX.com platform. Paxos previously asked US federal law enforcement to freeze four Ethereum-linked Paxos-issued assets. Instructions were received. According to Paxos executives this is a rapidly evolving matter and they intend to provide updates as information comes to light and they continue to work closely with Paxos law enforcement and regulators.
Elon Musk – Bitcoin Will Make It – Dogecoin to the Moon
Elon Musk, the owner of the theater and CEO of a company like SpaceX, has claimed the future of bitcoin with a Twitter user saying that the cryptocurrency is currently earning $16000 or so, down $67000 from last year. While Elon Musk said that bitcoin will definitely be made by next year but after a short wait. This brilliant comment from Elon Musk may lead to an increase in the price of bitcoin which is currently trading at $16987. It turns out that Elon Musk is very excited about bitcoin and thinks that maybe bitcoin, ethereum and doge will be the future.
Visa ends agreement with crypto exchange FTX.
Visa has terminated its global agreements with collapsed cryptocurrency exchange FTX and its US branches and ftx’s US debit card program is being terminated by the issuer. The representative said the situation with FTX is unfortunate and developments are being closely monitored. Now FTX will begin offering FTX-branded Visa debit cards to FTX customers internationally while the debit cards currently only available in the US are being rolled out. FTX filed for bankruptcy on Friday and Sam Bankman-Fried stepped down as CEO.
