The US government just hit its $31.4 trillion debt ceiling — triggering fears of a nasty fallout for Americans. Here are 3 ways it could hurt you The U.S. officially hit its $31.4 trillion debt ceilin...
Tag: fallout
Brian Armstrong: The FTX Fallout Is Far from Over
Despite several bullish predictions for 2023, Brian Armstrong – the CEO of Coinbase – believes it will be some time before the crypto space relieves itself of the drama caused by FTX, and he doesn’t t...
Crypto.com Announces 20% Layoffs Amid Fallout from FTX
Cryptocurrency exchange Crypto.com announced that it would be cutting jobs by 20% as a result of the “significant damage” the industry has suffered due to the fall of FTX. Crypto exchange Crypto.com h...
Gemini End To The Crypto Earn Program Amidst DCG Fallout
The contention between Gemini and the Genesis group has been spiraling, especially with the most recent development. Gemini has officially put a stop to the interest-bearing product, which is the flag...
Logan Paul Apologizes to Coffeezilla Amidst Fallout Over NFT Project
In a surprising turn of events, Logan Paul deleted his response video targetting Coffeezilla’s series on CryptoZoo, where he accused the latter of spreading misinformation and even threatened to take ...
Genesis Cuts Staff by 30% as Financial Woes From FTX Fallout Persist
Genesis Trading today announced massive cuts to its workforce in an effort to reduce costs at the ailing institutional crypto firm. The company did not provide precise numbers, but sources close to t...
Can DCG, Genesis, and Grayscale Survive the FTX Fallout?
After the FTX collapse, concerns around the Digital Currency Group (DCG) and its subsidiaries (Genesis, Grayscale) began spreading across the industry. Can the crypto market witness yet more contagion...
Crypto Derivatives Trading Volume Plunges in December As Sector Reckons With FTX Fallout: Report
A new report from blockchain market data provider CryptoCompare shows a massive decline in crypto derivatives trading activities last month following the collapse of industry giant FTX in November. In...
Southwest Faces Class Action Suit Over Holiday Meltdown — Here’s What Stranded Passengers Can Expect As Airline Deals With Fallout
Topline Southwest Airlines is facing a class action lawsuit from a passenger who claims the carrier did not refund his tickets for canceled flights during the company’s operational meltdown last month...
Santa Claus rally, FTX fallout, and restart of Keystone top week ahead
Investors are poised this week to see whether Christmas miracles really do come true with hopes for a Santa Claus rally. Thus far, the Nasdaq is down 8.7% over the past month, while the S&P 500 an...
SHIB and DOGE Price Await Fallout from Elon Musk Resignation
The Shiba Inu (SHIB) price and the Dogecoin (DOGE) price are both following descending resistance lines, a sign of a downward trend. Dogecoin Price Resumes Descent Dogecoin is the largest meme token b...
More FTX Fallout as Traders Turn Defensive
What today’s data shows is that, similar to in past market cycles, flights to safety within the cryptosphere is translating to movement of capital into BTC and ETH, relative to other coins. On the oth...
Stock market worries, crypto fallout, and doubts of a Santa Claus rally top week ahead
Last week’s awful stock market performance has left many wondering whether the fears of a looming recession will finally be realized this week. Investors will be busy trying to locate the signal...
Guggenheim’s Minerd Warns of ‘Another Shoe to Drop’ in FTX Fallout
(Bloomberg) — Guggenheim Partners Chief Investment Officer Scott Minerd is warning investors there will be more shakeouts to come following the collapse of crypto exchange FTX as years of easy m...
Possible Ronaldo Comeback? Soccer Star Reportedly Trains At Real Madrid’s Facilities After Manchester United Fallout
Topline After a tumultuous fallout with English Premier League club Manchester United, Cristiano Ronaldo returned to the training facilities of his former team, Real Madrid on Wednesday, Spanish outle...
Citi Downgrades Robinhood Stock to Neutral, Cites FTX Fallout Concerns
Citi downgraded Robinhood Markets (HOOD) stock to ‘Neutral’ from ‘Buy’ due to potential risks from upcoming market structure proposals by the United States SEC, a cautious equity market outlook, and t...
FTX fallout continues with Bankman-Fried arrest. But where is former Alameda CEO Caroline Ellison?
FTX founder Sam Bankman-Fried is squarely in the spotlight following his arrest in the Bahamas, but attention is also focused on the whereabouts of Caroline Ellison, former CEO of Alameda Research, th...
Citi Downgrades Robinhood, Says FTX Fallout Will Weigh on Crypto Trading Revenue
The collapse of FTX and the resulting fallout has a number of potential implications for Robinhood, the report said. These include the potential liquidation of 56.3 million shares owned by FTX founder...
FTX fallout motivates Hong Kong watchdog to draft new rules
The Hong Kong Securities and Regulatory Commission plans to draft new regulatory provisions to implement under its new crypto regulation system in the wake of FTX’s collapse, according to local media ...
Top economist Mohamed El-Erian says crypto is a canary in the coal mine for an era of ‘irresponsible risk taking’—and the fallout could lead to ‘financial accidents’
Crypto investors have collectively lost $2 trillion since November of last year, and the list of casualties in the ongoing Crypto Winter continues to grow. The downturn was only compounded by the coll...
FTX Fallout Continues as Platform Scraps Chelsea Sponsorship
Amber Group, Asia’s leading crypto and lending platform, has slashed its headcount and scrapped a sponsorship deal with Chelsea Football Club. The crypto winter has claimed yet another firm to strict ...
Crypto.com (CRO) Price Resists FTX Fallout, But Danger Persists
The Cronos (CRO) price is trading above a long-term support area but has not shown any bullish reversal signs yet. The wave count supports a bounce. The Cronos token is the native token of the Crypto....
Bermuda-based insurer Relm distances itself from FTX fallout
Relm Insurance, a subsidiary of the Deltec International Group, the parent company of Deltec Bank & Trust, has issued a statement attempting to distance itself from the fallout from FTX and Alamed...
Swyftx lays off 40% of staff, CEO blames FTX fallout
Australian cryptocurrency exchange Swyftx has announced it will lay off 40% of its workforce, or about 90 staff members, as a result of a worsening downturn in digital asset markets following the demi...
Analyzing the current state of Ethereum, DeFi, stablecoins, NFTs post-FTX fallout
Price drawdown from ATH 2022 approaches year-end; it has been a historical year for all asset classes due to the rapid tightening of monetary policy worldwide and the strength of the U.S. dollar. It h...
After The FTX Fallout, Sam Bankman-Fried’s Interview Highlight
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Tezos Co-Founder Kathleen Breitman on FTX Fallout: ‘A Lot of Goodwill Is Gone Now’
It’s always been a point of pride for Tezos co-founder Kathleen Breitman that the network doesn’t have a public face or figurehead. Sure, she does plenty of interviews—including one with Decrypt for ...
Gemini Crypto Pauses Withdrawals, Fallout Continues From FTX Collapse
| Getty Images Key takeaways The Gemini exchange had to pause withdrawals after the FTX collapse caused a ripple effect on the cryptocurrency space. Investors fear that Genesis, the lending partner of...
OpenSea CEO: FTX Fallout Is ‘Opportunity’ to Refocus on Trust
In brief OpenSea CEO Devin Finzer discussed the recent FTX collapse and the Solana NFT market with Decrypt. The top NFT marketplace recently announced that it will continue to enforce NFT creator roya...
‘Wealth effect on steroids’: Here’s the potential fallout from $22 trillion lost by investors this year, according to BofA
Bank of America says a “wealth effect on steroids” may impact the U.S. economy as a result of the fall in the value of stocks and bonds and other assets worth trillions of dollars in 2022. “The $22 tr...
In the first significant fallout from the collapse of FTX, cryptocurrency business BlockFi files for bankruptcy
Join Our Telegram channel to stay up to date on breaking news coverage As a result of the failure of cryptocurrency exchange FTX, another cryptocurrency company has collapsed: BlockFi has announced th...
Taking a deep dive on how the Bitcoin fundamentals look on-chain as the dust settles from the FTX fallout
Price drawdown from ATH compared to previous bear markets Bitcoin is currently down 75% from its all-time high (ATH), with a max drawdown of 76.9% from the fallout of FTX on Nov. 9th. However, this is...