Crypto - Has The Fat Lady Sung For FTC?
Varun Mittal, Chief Growth Officer, Singlife with Aviva
You can share this podcast by copying this HTML to your clipboard and pasting into your blog or web page.
FTX, which was at one time the 2nd largest crypto exchange, saw its fortunes take a dive after a series of bad decisions by its owner, Sam Bankman-Fried. It looked like a white knight in the form of a rival, Binance would come and save the day but that deal is now dead in the water. Bankman-Fried told investors that the company is facing a shortfall of up to 8 billion dollars from withdrawal requests and needs emergency funding. Will all this have a contagion on the price of cryptocurrencies and broader markets and will there be a white knight that will come to FTX's rescue? For insights we speak to Varun Mittal, Chief Growth Officer, Singlife with Aviva.
Image credit: Shutterstock
Produced by: Chong Tjen San
Presented by: Wong Shou Ning, Chong Tjen San, Philip See
This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.
Categories: markets, economy, technology
Tags: cryptocurrencies, crypto exchange, ftx exchange,