Buck Bully
[CNBC, Getty Images] KEY POINTS Digital currency markets are on edge after a flurry of aggressive regulatory actions from U.S. authorities over the past few days. On Monday, the New York State Department of Financial Services told Paxos to stop minting new Binance USD — or BUSD — stablecoins. The […]
[GoBankingRates, iStock] The past year made crypto investors rethink security — and with billions lost through scandals like the FTX collapse, who could blame them? Whether you’re a novice or a veteran trader, your holdings are only as secure as your private keys, which means your choice of wallet might […]
[CNBC, Getty Images] KEY POINTS Crypto.com laid off 20% of its workforce, CEO Kris Marszalek told employees, saying the crypto exchange’s ambitious growth was unable to withstand the collapse of Sam Bankman-Fried’s FTX. Crypto.com, which acquired the naming rights for the former Staples Center in a $700 million deal, said […]
[CNBC, Getty Images] KEY POINTS Crypto exchange Kraken said Wednesday that it will stop operations in Japan next month, blaming a “weak crypto market globally.” The company will deregister from Japan’s Financial Services Agency on Jan. 31, 2023. Kraken has been in cost-cutting mode lately. On Nov. 30, the firm […]
[Bloomberg] This was the year crypto started to look like just another financial instrument. But first… Finance3 At the beginning of the year, there were two dominant narratives about the transformative potential of cryptocurrencies. The first was that crypto was a radical new financial system and that you could use it […]
[CNBC, Getty Images] It’s been a brutal year for the cryptocurrency market. In the latest blow to the crypto space, Core Scientific, one of the largest publicly traded crypto mining companies in the U.S, which primarily mints bitcoin, filed for bankruptcy on Dec. 21, citing falling crypto prices and rising energy […]
[Forbes] The embattled cryptocurrency industry and its wealthy pioneers face a moment of reckoning after the collapse of crypto exchange FTX and hedge fund Alameda Research In January 2022, Sam Bankman-Fried was riding high. His Bahamas-based FTX had just raised $400 million from prominent venture capitalists at a $32 billion […]
[CNBC] KEY POINTS CNBC pulled together a history of the implosion of Sam Bankman-Fried’s crypto empire, based upon the charges brought this week by federal prosecutors in the Southern District of New York and in civil suits filed by the Securities and Exchange Commission and Commodity Futures Trading Commission. Bankman-Fried’s […]
[CNBC] KEY POINTS The collapse of FTX, once a $32 billion crypto exchange, has shattered investor confidence in cryptocurrencies. Louise Abbott, a partner at law firm Keystone Law, told CNBC the exchange’s demise is “devastating for investors.” The disaster has set back adoption of crypto assets by “one or two […]
[The Block] QUICK TAKE Donald Trump’s NFT trading card collection sold out within hours of its introduction. One holder with 1,000 cards in a wallet received an airdrop before the public sale, OpenSea figures show. A 45,000 item NFT trading card collection created by the former U.S. president Donald Trump […]