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global crypto ecosystem

Billionaire’s fortune vanishes in minutes

Crypto wunderkind Sam Bankman-Fried’s net worth was $24.2 billion ($US15.6 billion) on Monday night when he went to bed. But when he woke up the next morning, his fortune was gutted by 94 per cent.One of the richest people in the world, the…

‘Craziest day ever’: Bitcoin plummets

The price of bitcoin has crashed to a yearly low of under $US18,000 ($A27,685) as the market reels from yet another liquidity scare at a major cryptocurrency exchange.Bitcoin plunged by more than 14 per cent in the space of three hours…