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...
Tag: Crypto Winter
Crypto Tycoon Jihan Wu’s Matrixport Mulls New Funding At $1.5 Billion Valuation
Jihan Wu, cofounder and chairman of Matrixport. Matrixport Matrixport, the Singapore-based crypto financial services firm, has received $50 million in commitments from investors at a valuation of $1.5...
Binance Pledges Up To $2 Billion To Bail Out Distressed Crypto Firms As FTX Contagion Spreads
Changpeng Zhao, cofounder and CEO Binance, spoke at a summit in Lisbon, Portugal in early November. Piaras Ó Mídheach/Sportsfile for Web Summit via Getty Images Binance, the world’s largest cryptocurr...
Bitmain-Backed Crypto Mining Company Among Creditors Of Sam Bankman-Fried’s FTX
Leo Lu, founder and CEO of Bitfufu. Bitfufu Singapore-based Bitfufu, backed by Chinese mining rig giant Bitmain, has filed claims for $11.7 million against crypto exchange FTX, which has revealed it o...
Crypto Mogul Leon Li’s Firm Has $18 Million Stuck On Sam Bankman-Fried’s Bankrupt Exchange
Leon Li, founder of Huobi Group and chairman of New Huo Technology. South China Morning Post via Getty Images New Huo Technology, a Hong Kong-listed digital asset services provider controlled by Chine...
Fintech layoffs mount as October marks 6 months of crypto downturn
After the Terra-Luna collapse sent crypto prices tumbling in May, many firms trimmed substantial parts of their workforce to stabilize their businesses. In June, for example, Coinbase laid off aroun...
Coinbase Wins Crypto License In Singapore As City-State Aims To Become Web3 Hub
Brian Armstrong, cofounder and CEO of Coinbase. Samyukta Lakshmi/Bloomberg Coinbase, the world’s second-largest crypto exchange cofounded by billionaire Brian Armstrong, has been granted permission to...
Crypto Winter Has No End In Sight
The crypto winter continues. However, after the recent Messari Mainnet conference in New York last … [+] week, some brief relief. getty It’s been two weeks since the latest cryptocurrency/blockc...
What Does A Crypto Recovery Look Like?
| Getty Images Key Takeaways The crypto market started falling from its peak price in November 2021 but didn’t technically enter a “winter” phase until June 13, 2022. Past trends would indicate the cr...
Bitcoin, Ether Among Major Cryptocurrencies Taking A Nosedive After Sudden Sell-Off
Topline The value of top cryptocurrencies including bitcoin and ether plummeted early Friday morning, derailing a weeks-long rally and shedding tens of billions in value in a matter of minutes as the ...
Crypto Exchange Zipmex Seeks Bankruptcy Protection In Singapore As Crypto Crisis Spreads
Zipmex offers crypto trading and investment services in Thailand, Indonesia, Singapore and … [+] Australia. SOPA Images/LightRocket via Getty Images Zipmex has become the latest victim of the on...
Kucoin Scores Funding And Partnership From Wall Street Trading Giant
Founded in Singapore five years ago, Kucoin has expanded its services to cover crypto lending and … [+] NFT trading services. Jakub Porzycki/NurPhoto via Getty Images Crypto exchange Kucoin said...
Crypto Sellers Should Flock To This 7.3% Dividend
Bitcoin cryptocurrency symbol on yellow balloon. Man hold needle directed to air balloon. Concept of … [+] finance risk. getty Crypto is a mess, and many (former) crypto fans are finally realizi...
If The Crypto Crash Is Another “Tulip Bubble” That Is Really Good News.
The Wall Street Journal (“The Crypto Party Is Over”) notes the similarities between the current price adjustments in the cryptocurrency markets and the late-1990s collapse of many internet companies. ...
Crypto Entrepreneur Backs Terra Relaunch Amid Skepticism, Says Price Collapse Will Foster Institutional Adoption
Crypto custodian Hex Trust says the recent meltdown of stablecoin TerraUSD (UST) and its sister token Luna will herald more intervention by regulators, paving the way for more asset managers to join t...
‘Crypto Winter’ Sparks Coinbase Stock Crash As Bitcoin, Ether And Other Major Cryptocurrencies Crater
Topline Shares of popular crypto-brokerage Coinbase plummeted to a record low Wednesday after the firm reported a worse-than-expected loss spurred by dwindling trading volumes—prompting a flurry of an...