Sam Bankman-Fried, one of the cryptocurrency world's bright lights, saw his money vanish in a matter of days and is now officially no longer a billionaire.
Bianance has revealed the number of Bitcoin it has in reserves, showing millions of Bitcoin both in company and customer holdings to reassure its customers
Many crypto billionaires are now destitute due to the fall in price, which has seen their fortunes collapse within a short period of time, losing billions.
The South African government has designated Bitcoin and other cryptocurrency assets have as financial products as the its moves closer to crypto adoption/.
Ibukun Awosika, former First Bank director has been appointed to the board of the largest cryptocurrency exchange platform in the world, Binance with others.
The CEO of JP Morgan, one of America's biggest banks, Jamie Dimon has joined other high net worth individuals in condemning cryptocurrencies as Ponzi schemes.