Over the last decade, we have seen an increasing acceptance of cryptocurrencies. Crypto has moved from that currency that was often tagged as fraudulent to a currency that major governments in the world are beginning to endorse by passing welcoming policies in favor of its adoption. Just as crypto has experienced a boom, the same way the betting industry has. There is said to be an overwhelming increase in the number of bettors globally, that different betting companies are sprouting up daily to fill the void.
The CEO of the world's largest crypto exchange Binance commented on the expert's recommendation to urgently sell Bitcoins. Jim Cramer is known for his negative public statements regarding the first cryptocurrency and his advice to crypto investors to sell BTC at a loss.
The Bloomberg analyst was impressed by the resilience of Bitcoin and Ethereum amid the fall of the crypto market and said that he believes in the future of top digital currencies.
Senator Tina Smith of Minnesota said that regulators will not be able to completely ban cryptocurrencies, but the U.S. Securities and Exchange Commission (SEC) has the resources to regulate the industry.
Former US President Donald Trump often releases various products under his own brand. Now the NFT collection will be added to them - it is planned to issue 45,000 tokens in the Polygon network.
Larry Fink, the CEO of the largest asset management company BlackRock, believes that the reason for the failure of FTX is the creation of its own FTT token. Larry Fink noted that the exchange was centralized, and therefore, its policies were contrary to the "basic principles of cryptocurrency."
American billionaire Mark Cuban continues to believe in the prospect of cryptocurrencies and digital assets. According to him, the collapse of the FTX cryptocurrency exchange will not be able to hinder the development of the industry.
Co-founder of the Bitcoin Policy research center David Zell believes that, despite the negative impact of the collapse of the FTX exchange on the cryptocurrency industry, this will strengthen confidence in Bitcoin. Speaking on the television show "Just the News, No Noise", David Zell said that in the long term, the bankruptcy of the FTX trading platform will increase the level of Bitcoin acceptance.
The popular Shark Tank show host and well-known investor said that despite what is happening with the FTX exchange and Alameda subsidiary, he would finance the next project of their founder.