BitMEX founder Arthur Hayes considers the possibility that Bitcoin has already printed a bear market trough, saying three key players likely ran out of BTC to sell. In a new blog post, the crypto veteran identifies three groups of investors who have been forced to part with their Bitcoin treasures this year due to the …
“The life of a crypto business can be split between pre-Silvergate and post-Silvergate,” Sam Bankman-Fried wrote in a quote posted on the San Diego bank website he used to transfer client funds. to its digital asset exchange FTX. “It’s hard to overstate how much this has revolutionized banking for blockchain businesses.” Silvergate was an unlikely …
Silvergate: From Small Local Lender to Bank Behind the Crypto Boom Read More »
Crypto media site The Block has been secretly funded for the past two years by Sam Bankman-Fried’s Alameda Research, according to a report by Axios. The bloc confirmed the report on Friday. This article originally appeared in Crypto Markets TodayCoinDesk’s daily newsletter diving into what’s been happening in today’s crypto markets. Subscribe to get it …
Photo illustration: Sarah Grillo/Axios. Photo: Eva Marie Uzcategui/Bloomberg via Getty Images The Block, a media company that says it covers crypto news independently, was secretly funded for over a year with money funneled to The Block’s CEO by the disgraced cryptocurrency trading company. of Sam Bankman-Fried, sources told Axios. why is it important: The payments, …
The day before struggling cryptocurrency exchange FTX filed for bankruptcy, Changpeng Zhao, the chief executive of rival exchange Binance, sent an alarmed text message to FTX founder Sam Bankman-Fried. Mr. Zhao feared that Mr. Bankman-Fried was orchestrating crypto transactions that could plunge the industry into a meltdown. “Stop now, cause no more damage,” Mr. Zhao …
Inside the Frenzied Texts Exchanged by Crypto Executives During the FTX Collapse Read More »
Amber Group has raised only halfway through an expected $100m funding round and halted expansion plans as the Temasek-backed crypto group fears being dragged into the market turmoil caused by the collapse of FTX. This week, crypto traders grew nervous over Amber’s outlook after industry analysts raised concerns about how FTX’s failure affected the trading …
Temasek-backed crypto store Amber halts expansion plans in tough market Read More »
The Securities and Exchange Commission sends a letter to US public companies asking companies to assess their disclosure obligations, including “tailored specific disclosure”, on how the recent crypto bankruptcies and broader financial difficulties in the market digital assets may have affected their business. The letter is intended to illustrate the type of comments the securities …
Early cryptocurrency investor Nikki Beesetti said that going forward, she plans to cash out her crypto assets early to “reap the benefits and the rewards.” “Shark Tank” investor Kevin O’Leary, while discussing the fallout from the bankruptcy of crypto exchange FTX, explained how he went from calling crypto “garbage” to that this, causing the “murder” …
Cryptocurrency and Decentralized Finance (DeFi) were created to provide millions of unbanked people with access to the financial system, to seamlessly transform personal finances and bring more value back to investors by removing intermediaries and offering stable returns that can exceed traditional savings accounts. This is exactly what many DeFi companies seemed to be doing …
OK, so a million dollars isn’t what it used to be. That’s the worry of a surprising number of American millionaires. At least that’s what fund management giant Natixis, which owns bond boutique Loomis Sayles, among other companies, reports. Natixis surveyed around 1,600 people with at least $1 million in “investable assets”. And just over …
Can you still retire with $1 million? That’s what today’s millionaires want to know. Read More »
