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Tag: Crisis
The FTX Crisis Brought Investors To Decentralized Exchanges. Here’s Why They Might Leave.
Andrew Ross Sorkin and Sam Bankman-Fried on stage at the 2022 New York Times DealBook on November … [+] 30, 2022 in New York City. (Photo by Thos Robinson/Getty Images for The New York Times) Ge...
Why regulatory clarity may be a silver lining to the FTX crisis
Episode 120 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro, and Drew Forman, Managing Partner and Head of Cowen Digital. Listen below, and subscribe to The Scoo...
America has a $1.7 trillion student loan debt problem. Here’s what 6 borrowers think will solve the crisis as Biden’s forgiveness plan stalls
When President Joe Biden announced his plan to forgive up to $10,000 to $20,000 in federal student loan debt for most borrowers, it was the first time in many of their adult lives that those bearing t...
Crypto Technology Still Important Despite Market Crisis, BlackRock CEO Says
Following in the footsteps of Celsius and Terra Luna is Sam Bankman Fried’s crypto firm FTX, another participant in the ongoing crypto catastrophe narrative. Even while the other two crashes were sign...
Serum Eyes Community Fork For Survival Post FTX Crisis
2 hours ago | 2 mins read Exchange News Serum, with its fork named OpenBook, offers a ray of hope. The decision was made to fork the chain ultimately by Mango Max. Serum (SRM), a decentralized crypto...
Over 60% Of Dogecoin Holders Continue To Profit After FTX Crisis
Total bitcoin market capitalization shows that the market is still plagued by fear, uncertainty, and doubt. Despite this, over 60% of Dogecoin holders are profitable, per CoinMarketCap data, in the mi...
‘We are treading water:’ An energy crisis is grinding European industry to a halt as the U.S. and China race ahead, Volkswagen warns
Europe’s energy crisis is leaving the continent’s industry at a standstill, and its biggest car manufacturer says competitors are racing ahead as EU governments fail to provide enough support. Energy ...
AAX crypto exchange VP Ben Caselin resigns amid liquidity crisis
Ben Caselin has resigned from his post as vice president of global marketing and communications at the crypto exchange platform AAX. Caselin’s departure comes two weeks after the crypto exchange...
U.S. Unleashes Chevron. Oil Major To The Rescue In The Energy Crisis
CARACAS, VENEZUELA – MARCH 23: Men wearing a protective masks walk in Petare slum on March 23, 2020 … [+] in Caracas, Venezuela. While Nicol·s Maduro declared national quarantine, the inte...
Billionaire Mike Novogratz Says Bitcoin and Ethereum Not Going Away Despite Crisis of Confidence in Crypto
The chief executive of crypto investment firm Galaxy Digital says that the top two leading digital assets aren’t going anywhere despite widespread negative sentiment in the industry. In a new intervie...
After the FTX Crisis, crypto marketers are looking for a new sales strategy
Join Our Telegram channel to stay up to date on breaking news coverage Large portions of the cryptocurrency community are now in a state of starvation and sorrow as a result of the FTX crypto exchange...
The Diesel Crisis Is Going Global
A perfect storm in global diesel markets is unfolding. Refining capacities are tight, and stockpiles are being depleted as the Northern Hemisphere cold season begins. Supply crunches could jeopardize ...
Matrixport looking to raise $100M amid industry-wide lending crisis
Singapore-based Matrixport is out to raise funds. The firm, which is among the largest crypto-lenders in Asia, is seeking a funding of $100 million amid a brutal market for lenders as the crypto-indus...
A Standoff over Gas Price Cap Puts on Hold EU Measures to Counter Energy Crisis
Another emergency meeting looms next month as EU energy ministers disagree on plans to cap gas prices, criticizing them as ineffective. That means Brussels is pausing efforts to approve a string of me...
US to boost spend, Europe hold back amid cost-of-living crisis
Many shoppers say they plan to spend less this Black Friday as the cost-of-living crisis bites. Richard Baker | In Pictures | Getty Images Black Friday may offer an opportunity to bag a bargain ahead ...
MakerDAO expects $1.5M bad debt after FTX’s liquidity crisis!
MakerDAO, the largest decentralized finance protocol, has announced plans to liquidate heavily leveraged vaults to prevent excessive bad debt. They tweeted: “Due to liquidations being previously dis...
Crypto lender Matrixport seeks $100M funding despite lending crisis
Matrixport, the cryptocurrency firm founded by Bitmain co-founder Wu Jihan, is in the process of raising $100 million in funding despite the ongoing crypto market crisis. Lead investors have already c...
How Iberia Escaped Europe’s Energy Crisis
Iberia is well positioned to compete with – or even replace – Northern Europe’s existing energy industrial hub as sectors in Spain and Portugal can call on abundant sunshine, strong winds and mature g...
Exec claims FTX crisis will show who the ‘survivors’ are
Following FTX’s collapse, the calls for stronger and tighter regulations are certainly getting shriller. At the same time, industry leaders are cautious yet hopeful about the future of the crypto-indu...
Binance Remains Unaffected From the Crypto Crisis?
57 mins ago | 2 mins read Editors News Prominent crypto firm Binance, is acting as a catalyst to speed up the adoption. Binance is a standalone company to have active hiring going on. The adoption of ...
Bloomberg Analyst Explains Key Difference Between Current Crypto Crisis and Mortgage Meltdown of 2008
Alex Dovbnya Mortgage market helped people to get homes, while cryptocurrency market remains mostly useless, according to Joe Weisenthal Joe Weisenthal, co-host of Bloomberg’s Odd Lots podcast, ...
Silbert downplays liquidity crisis, expects $800M revenue in 2022 for DCG
Following rumors of potential contagion from FTX, Digital Currency Group (DCG) CEO Barry Silbert sent shareholders a memo on Nov. 22 addressing the situation surrounding Genesis’ liquidity. A potentia...
‘Rich Dad’ R. Kiyosaki says he’s ‘still bullish’ on Bitcoin and Ethereum despite FTX crisis
The cryptocurrency market is still feeling the effects of the massive crisis that spilled over from the crypto trading platform FTX, but the author of the personal finance book ‘Rich Dad, Poor Dad’ Ro...
FTX crisis leads to record inflows into short-investment products
Institutional investors have responded to the negative sentiment caused by FTX’s collapse, with record institutional inflows into crypto-focused short-investment products. According to CoinShares’ chi...
Aave and Uniswap Show How DeFi Keeps Working Amid FTX Crisis
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) FTX’s complete collapse in the span of two weeks has been nothing short of astonishing. Even Enron’s liquidator, who’s b...
Uniswap and Aave continue to operate during ongoing FTX Crisis
The recent crash of FTX sent shockwaves through the entire digital asset market, signaling its own impending collapse. Even Sam Bankman-Fried, the newly appointed CEO of the platform, expressed his ag...