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Crypto

97 Results / Page 1 of 11

Background

Featured

Opinion: Crypto is out of control. FTX is just the latest example

Editor’s Note: Casey Michel is a writer and investigative journalist covering kleptocracy and dark money networks across the globe. He is the author of “American Kleptocracy: How the US Created the World’s Greatest Money Laundering Scheme in History,” and is at work on a book investigating foreign lobbying in Washington. The opinions expressed in this article are his own. Read more opinion at CNN.com. CNN  —  As investigators and authorities […]

todayDecember 1, 2022

Business

Sam Bankman-Fried talks about failures, FTX, CFTC, regulation and crypto

Sam Bankman-Fried. Photo: Getty imagesSam Bankman-Fried had $100,000 left in his bank account last time he checked. In an interview, the former FTX CEO pointed to both personal failures and regulatory gaps to help explain the implosion of his company. Why it matters: Bankman-Fried's late Monday phone interview with Axios comes as FTX is working through a messy bankruptcy process and the company's creditors remain in the dark about what, […]

todayNovember 29, 2022

News

Crypto exchange Bitfront shuts down

Nov 28 (Reuters) - Bitfront, a U.S. crypto exchange backed by Japanese social media firm Line Corp, said it has suspended new sign-ups and credit card payments and will cease operations in a few months despite efforts to overcome challenges in the rapidly evolving industry."However, despite our efforts ... we have regretfully determined that we need to shut down BITFRONT in order to continue growing the LINE blockchain ecosystem and […]

todayNovember 29, 2022

News

Crypto lender BlockFi files for bankruptcy, cites FTX exposure

Filing follows weeks after FTX collapseFTX listed as BlockFi’s No.2 creditorBitcoin down over 70% from 2021 peakNov 28 (Reuters) - Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, the latest crypto casualty after the firm was hurt by exposure to the spectacular collapse of the FTX exchange earlier this month.The filing in a New Jersey court comes as crypto prices have plummeted. The price […]

todayNovember 28, 2022

News

BlockFi files for bankruptcy as contagion grips crypto markets

New York CNN Business  —  Crypto lender BlockFi filed for bankruptcy Monday, becoming the latest casualty of the financial contagion unleashed by the collapse of Sam Bankman-Fried’s empire. BlockFi announced earlier this month that it had halted withdrawals, citing “significant exposure” to Bankman-Fried’s FTX exchange, as well as its sister hedge fund Alameda. FTX, Alameda and dozens of affiliates filed for bankruptcy on November 11. “Since the pause, our team […]

todayNovember 28, 2022

Business

Bitcoin Price Drops as Tremors From China Unrest Spook Crypto Markets (BTC)

Cryptocurrencies slid Monday amid a bout of investor anxiety in global markets sparked by protests in China against Covid restrictions.Bitcoin, the largest token, at one point shed 3.2% and was trading at about $16,214 as of 7 a.m. in New York. Second-ranked Ether fell about 4%, while the likes of Solana, Avalanche and Dogecoin suffered even sharper losses. Source link

todayNovember 28, 2022

Featured

Wall Street’s ‘Dr. Doom’ calls crypto ‘corrupt gambling’ and rips ‘proof of reserves’ trumpeted after FTX collapse

Nouriel Roubini is no friend of cryptocurrency exchanges. And he is flatly unimpressed with the “proof of reserves” idea that Binance and other crypto players are touting in the wake of FTX’s epic collapse.On Friday morning, Binance announced the release of its proof of reserve system, starting with Bitcoin. It wrote on its site, “Following our recent announcement outlining our commitment to transparency, Binance is releasing its Proof of Reserves […]

todayNovember 26, 2022

Featured

One Crypto Firm Poses Bigger Risk to Markets Than FTX, According to Ava Labs President Says

The president of the tech firm behind Avalanche (AVAX) says that the implosion of a major digital asset lender would have more severe consequences for the crypto markets than the recent FTX fiasco. In a new Bloomberg interview, Ava Labs president John Wu says that the possible meltdown of Genesis Global Capital poses a bigger risk in the digital asset markets than the bankruptcy of the FTX exchange. “In my […]

todayNovember 26, 2022

News

Binance’s Zhao Flags Possible $1 Billion for Distressed Crypto Assets

Crypto billionaire Changpeng “CZ” Zhao further outlined his plans to backstop the stricken industry, pledging to amass at least $1 billion for buying distressed assets and saying his Binance Holdings Ltd. will make another bid for bankrupt lender Voyager Digital.In an interview Thursday with Bloomberg Television’s Haslinda Amin, Zhao provided the most detailed overview yet of the various deals Binance is examining in the wake of rival FTX’s messy collapse. […]

todayNovember 24, 2022

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Information presented is for entertainment and general information purposes only. Opinions expressed are those of the presenter only. We make no promises or guarantees of investment performance. None of the information presented here is intended to form the basis for any offer or recommendation or have any regard to investment objectives to the needs of any specific person. Smart Investor Radio is not a broker-dealer, certified financial planner or registered investment adviser.

 

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