Another day in the Crypto world.
1 BTC = £13943
1 EHT = £970.43
No movement for Ethereum. Bitcoin trying to gain movement. At the moment the big news is currently on FTX news. If you have not caught up on the biggest news it is FTX. FTX started with Sam Bankman-Fried, who is the CEO of the company.
Sam made his money from Crypto arbitrage. This means he bought Crypto from one exchange at a cheaper price before selling to another Crypto exchange for a better price allowing him to profit.
Essentially allowing him to make billions, in doing this, he is able to create FTX. The company got investment and consumers although he filled for bankruptcy. Meaning this person could not hold down a billion dollar company but wasn't looking after the company properly. Numerous customers want to withdraw from FTX but are halted while the CEO tries to saves the company but I don't think it is going to happen.
Another day with news.
Kommentare