The Latest Breaking News from Cryptocurrency

Major coins plunged sharply on Wednesday evening amid a wider rout as the cryptocurrency market capitalization dropped 11.3% to $812.9 billion at 8:30 p.m. EST.

Binance pulled out of the deal after its corporate due diligence and reports of mishandled funds.

FTX co-founder Sam Bankman-Fried was riding high for several years with his company rapidly growing market share in the cryptocurrency space. The increase in valuation for FTX helped Bankman-Fried’s wealth increase and also led to partnerships and deals with sports teams and athletes around the world.

At least nine cryptocurrency exchanges have come forward to provide proof of fund reserves as the market comes to terms with insolvency fears on the heels of FTX’s native token (CRYPTO: FTT)

In what is one of the biggest Bitcoin busts of all time, police found the stash hidden in the home of 32-year-old James Zhong, who had stored the cryptocurrency on computer devices

Bitcoin slumped to a two-year low and other digital assets sold off Wednesday following the sudden collapse of crypto exchange FTX Trading

This reduced the value of the tokens and drained the PancakeSwap pool.

The collapse of Sam Bankman-Fried’s FTX cryptocurrency exchange and its subsequent bailout by Binance brought to the fore the vulnerability of digital currencies and related instit

One of the biggest names in cryptocurrency may have had one of the worst days as a billionaire, a status that could now be over.