Royal Bahamas Police Force reveals FTX is under investigation for “criminal misconduct”

“A team of financial investigators“is currently investigating the now-defunct crypto-currency exchange FTX, the Royal Bahamas Police Force said in a statement shared Sunday. The police noted that financial investigators were looking to see if “any criminal misconduct has taken place.“ …

Crypto-currency exchange Kraken freezes accounts of FTX, Alameda Research and their executives

Crypto-currency exchange Kraken has frozen a handful of accounts belonging to bankrupt FTX, Alameda Research and their executives. Kraken was in contact with law enforcement after discovering that an account on its platform had been used in unauthorized transfers at …

Crypto.com holds 20% of its reserves in Shiba Inu!

Crypto-currency exchange Crypto.com revealed today that it holds 20% of its reserves in the Shiba Inu token (SHIB), a “meme currency“highly speculative. Data from blockchain analytics firm Nansen shows that the platform holds the largest share (31 percent) of its …

Another Crypto Exchange halts withdrawals following FTX collapse, the start of a contagion?

As reported by Wu Blockchain, a disturbing drama is playing out on the Hong Kong-based crypto-currency exchange BitCoke. The problem began when its users reported having trouble making withdrawals. The BitCoke exchange experienced difficulty in withdrawing coins, many users were …

Binance: Changpeng Zhao explains why you should avoid exchanges that do this

Changpeng Zhao, The CEO of the largest exchange in the market, explains how to avoid losing funds on crypto-currency trading platforms. Changpeng Zhao is now considered one of the most influential figures in the entire industry, pointed out an important …

FTX: Sam Bankman-Fried is hiding in the Bahamas, not Argentina, according to Reuters

Despite rumors that Sam Bankman-Fried was in Argentina, Reuters claims that he is in the Bahamas following information from Sam Bankman-Fried himself. Reuters says it has received confirmation from FTX’s own CEO, Sam Bankman-Fried, that he is in the Bahamas …

From Mercedes F1 to Miami Heat, sports teams suspend FTX sponsorships

A slew of sports organizations are pulling out of sponsorship deals with crypto-currency exchange FTX. The coin exchange platform had promised millions of dollars to build brand recognition among sports fans before going bankrupt. The FTX brand is being taken …

Volkswagen presents an electrically powered office chair that can reach 20 km/h. VIDEO

Looks like this was the week of unusual chairs in tech. First McDonald’s announced a promotional chair that can hold an entire menu on dedicated holders, and now Volkswagen is demonstrating an electric-powered office chair that can catch 20 mph, …

Xiaomi prepares to launch Redmi 11A, likely to be best-selling Android phone in 2022

Redmi A phones are some of the best-selling models in the world every year. Xiaomi manages time and time again to create cheap, well-equipped phones that seem to be extremely popular especially in Asia, where low price is probably the …

FTX scandal: FTX has $9 billion in debt and less than $1 billion in liquid assets

The day before FTX.com filed for bankruptcy, Sam Bankman-Fried’s crypto-currency exchange had only $900 million in liquid assets against $9 billion in liabilities, according to documents received by the Financial Times. The majority of those liquid assets, which were listed …

Microsoft offers iCloud Photos integration through the Photos app in Windows 11

iPhone owners will be able to view iCloud photos directly on their PC using the Microsoft Photos app included with the Windows 11 operating system. Already past the testing stage, the functionality is gradually being enabled for Windows 11 users, …

Elon Musk tells Twitter staff that the economic picture ahead is bleak – “Bankruptcy is not out of the question”

Tesla CEO and Twitter chief Elon Musk informed Twitter employees that the “economic picture ahead is dire” for the company. Noting that “bankruptcy is not excluded“, the billionaire stressed that “without significant subscription revenue, there’s a good chance Twitter won’t …