Cryptocurrency Market

5 Best Cold Wallets

[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 […]

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Bitcoin lost over 60% of its value in 2022—here’s how much 6 other popular cryptocurrencies lost

[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 […]

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How Sam Bankman-Fried swindled $8 billion in customer money, according to federal prosecutors

[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 […]

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The FTX disaster has set back crypto by ‘years’ — here are 3 ways it could reshape the industry

[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 […]

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