crypto

'Surprise' Bitcoin Price Prediction of $100 Billion in 2023 Sends Shockwaves Through Crypto Market

‘Surprise’ Bitcoin Price Prediction of $100 Billion in 2023 Sends Shockwaves Through Crypto Market

Bitcoin BTC and cryptocurrencies are still reeling from the sudden collapse of crypto exchange FTX last month (even the biggest bitcoin price bulls suddenly reverse their forecasts). Subscribe Now to Forbes CryptoAsset & Blockchain Advisor and successfully navigate the latest bitcoin and crypto market crash The price of bitcoin has bottomed out at around $17,000 …

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Crypto will be regulated as securities - ICE boss and Senator Warren

Crypto will be regulated as securities – ICE boss and Senator Warren

Most cryptocurrencies are likely to be regulated as securities in the United States according to Intercontinental Exchange Inc (ICE) CEO Jeffrey Sprecher and Senator Elizabeth Warren. The renewed focus on regulating cryptocurrencies as securities comes in light of the recent FTX implosion, which wiped countless billions from the market, sent consumer funds into limbo and …

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Former FTX Boss Sam Bankman-Fried Admits He Should Have Done More Stress Testing Before Crypto Firm Collapsed

Former FTX Boss Sam Bankman-Fried Admits He Should Have Done More Stress Testing Before Crypto Firm Collapsed

Pastel Network co-founder Anthony Georgiades says “it will take time” to track down the “mixed” assets of disgraced FTX founder Sam Bankman-Fried. Sam Bankman-Fried made another public appearance on Tuesday in an effort to explain his version of the collapse of FTX, the cryptocurrency exchange he ran and the reported transfer of billions of dollars …

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Exclusive: Goldman Sachs on the hunt for cheap crypto firms after FTX fiasco

Exclusive: Goldman Sachs on the hunt for cheap crypto firms after FTX fiasco

LONDON, Dec 6 (Reuters) – Goldman Sachs (GS.N) plans to spend tens of millions of dollars buying or investing in crypto companies after the FTX stock market crash hit valuations and chilled the market. interest of investors. The FTX implosion has increased the need for more trusted and regulated cryptocurrency players, and big banks see …

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Nexo, one of the last crypto consumer lenders, pulls out of the US market

Nexo, one of the last crypto consumer lenders, pulls out of the US market

Nexo, one of the newest crypto lenders, said on Monday it would phase out its high-yield product for US customers. The move comes as Nexo’s high-yield crypto interest product has come under scrutiny as investors question the balance sheet transparency and health of crypto exchanges, particularly major lenders, amid continued industry fallout from the collapse …

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Texas crypto mining boom is starting to look more like a meltdown

Texas crypto mining boom is starting to look more like a meltdown

(Bloomberg) – The rush for digital gold in Texas is losing its luster as Bitcoin miners struggle financially, leaving behind what some fear is a wasteland of unfinished sites and equipment abandoned. Bloomberg’s Most Read In an effort to become a haven for crypto mining, Texas has aggressively lured miners with cheap energy and supportive …

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Is the worst over for bitcoin and the rest of crypto?  |  CNN Business

Is the worst over for bitcoin and the rest of crypto? | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. New York CNN Business — The collapse of FTX has sent the price of bitcoin and other cryptocurrencies plummeting by more than 60% this year…and the carnage has spread to publicly traded companies …

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“Smart” crypto money?  Great traders fell in love with Sam Bankman-Fried

“Smart” crypto money? Great traders fell in love with Sam Bankman-Fried

I was shocked when I first learned how a hot mess like Sam Bankman-Fried got away with convincing so many seemingly smart people – big money managers, venture capitalists and all those celebrity ambassadors – that he was such a little investment genius, they should hand over a lot of money for him to play …

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Coinbase CEO Brian Armstrong Says It's "Baffling" FTX's Sam Bankman-Fried Isn't "Already Detained"

Coinbase CEO Brian Armstrong Says It’s “Baffling” FTX’s Sam Bankman-Fried Isn’t “Already Detained”

FTX founder Sam Bankman-Fried is expected to be in custody now, in regards to Brian Armstrong. The Coinbase CEO said this week that it was “baffling to me that he’s not already in custody.” “The DOJ or someone should be able to do this – based on their public statements, I think there is a …

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Celsius customers with collateral stuck on failing crypto platform turn to bankruptcy process for relief

Celsius customers with collateral stuck on failing crypto platform turn to bankruptcy process for relief

Alan Knitowski has an MBA, has worked in technology and finance for over 25 years, and is CEO of a Nasdaq-listed mobile software company. That didn’t stop him from getting duped by a crypto firm. Knitowski borrowed $375,000 from crypto lender Celsius over several years and posted $1.5 million in bitcoins as a guarantee. He …

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