A recent study conducted by CNBC estimated that only 8% of American participants currently have a favorable view of cryptocurrencies. Those who supported the asset class in March 2022 were 19%. The ma...
Tag: Meltdown
Goldman Sachs to Invest Millions in Crypto Businesses Following FTX Meltdown
The American multinational investment bank – Goldman Sachs – intends to spend tens of millions of dollars to acquire or invest in cryptocurrency organizations. Goldman’s head of digital assets – Matt...
Blackrock CEO Speaks on The FTX Meltdown and Crypto Firms
Larry Fink, the CEO of one of the world’s pre-eminent asset management firms Blackrock, speaks over the FTX meltdown. During an interview at the New York Times Dealbook Summit 2022 he said that most o...
Blockchain gaming sector remains resilient amid FTX meltdown saga, new data reveals
Although the cryptocurrency market has only just started to recover from the aftermath of the FTX collapse and the ensuing crisis, the underlying technology has remained strong, especially where block...
Bitcoin Sentiment in US Recovering After the FTX Meltdown (Analysis)
The bitcoin premium on Coinbase was deep in a negative state for weeks after the collapse of once the third-largest cryptocurrency – FTX. However, positive signs coming from the metric’s reversal sugg...
Samsung Investment Arm Got Burnt By FTX Meltdown
Samsung’s investment arm Samsung Next has also suffered from the collapse of FTX. The firm participated in a $420 million funding round of FTX last year. After it invested in the exchange in a funding...
The Impact Of Cryptocurrency Meltdown On The Sales Of Premium Cars
The recent crypto crash pulled down the major crypto players. Currently, investors are running empty wallets. The latest FTX downfall hit all industries beyond the crypto sector. For two weeks, Miami ...
Why Fundstrat Still Sees Bitcoin Hitting $200,000, Despite FTX Meltdown
Bitcoin has already lost more than 76% of its November 10, 2021 all-time high value (ATH) of $69,044 when its overall market capitalization reached $1 trillion. The digital asset is enduring quite a c...
Binance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore Confidence After FTX Meltdown – Finance Bitcoin News
Binance has committed $1 billion to a crypto industry recovery initiative to restore confidence following the collapse of crypto exchange FTX. Several other crypto companies have joined Binance’s effo...
Genesis meltdown: Why investors are worried about bigger problems for crypto
Investors are worried that liquidity problems for crypto financial-services firm Genesis could spill over to its parent company, Digital Currency Group, and damage the already battered crypto market e...
Ripple CTO Says One Important Lesson From FTX Meltdown ‘Will Not Be Learned’ – Featured Bitcoin News
A Ripple executive says there is one important lesson from the meltdown of crypto exchange FTX that he “can say with total confidence will not be learned.” The executive added: “Regulation that punish...
Coinbase Debt Was ‘Canary in the Coal Mine’ for Crypto Meltdown
(Bloomberg) — In the wake of the spectacular meltdown of Sam Bankman-Fried’s crypto empire, many investors are looking for early warning signs that may have foretold the contagion that was about...
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, ...
‘Boring’ Litecoin makes play for top 10 amid market meltdown
Litecoin has been climbing the crypto market cap ranking and currently stands at rank 15 with a market cap of as of press time. Meanwhile, the shake-up sees Solana move in the other direction, slidin...
Aussie Banks Cautious With Crypto Plans During Market Meltdown
A number of banks and financial institutions in Australia remain unperturbed about the crypto market slump. Some are still planning to push ahead with their plans to embrace web3. According to OSL, a ...
FTX meltdown triggers FINRA into probing crypto comms
The Financial Industry Regulatory Authority (FINRA), the American self-regulatory organization, has launched an examination into the firm’s retail communications concerning crypto products and service...
Janet Yellen: FTX Meltdown Shows Need for ‘More Effective Oversight’ of Crypto
Secretary Treasury Janet Yellen added her voice to the growing chorus of Washington leaders demanding action in the wake of crypto exchange FTX’s collapse last week, saying on Wednesday that the meltd...
NBC News Special Investigates ‘Meltdown’ At Twitter—Can It Survive Elon Musk?
Twitter owner Elon Musk is seen with a Twitter logo in this photo illustration in Warsaw, Poland on … [+] 21 September, 2022. (Photo by STR/NurPhoto via Getty Images) NurPhoto via Getty Images F...
Here’s what Joe Rogan found ‘weird’ about the FTX exchange meltdown
As one of the largest crises in the cryptocurrency sector, caused by the collapse of the crypto trading platform FTX, continues to affect most of its assets, it has captured the attention of the media...
Post-FTX Meltdown, Regulation-Abiding Companies Can Restore Trust
What advisors and clients need now from the digital assets space is a trusted partner, someone they can work with. Crypto exchanges will need to diversify their revenue streams to create more stabilit...
FTX Meltdown 101: What the Hell Happened and What Comes Next
FTX Meltdown 101: What the Hell Happened and What Comes Next In less than a week, one of the largest and most trusted crypto exchanges went up in flames, along with its crypto celebrity founder and CE...
Not Your Keys, Not Your Crypto: What to Know Before the Next FTX-type Meltdown
As FTX’s collapse sent shockwaves through the crypto world, one saying was uttered again and again: “Not your keys, not your coins.” The popular adage is making the rounds in the wake of the latest ex...
Newly Elected US House Whip Emmer Downplays FTX Meltdown, Cheers Crypto
Crypto advocates in Washington routinely maintain that crypto policy is a non-partisan issue that can move forward even in a divided Congress. However, this week’s rhetoric from Democrats such as Sen....
FTX Meltdown Is Crypto Industry’s Version of Enron Implosion, According to Former US Treasury Secretary
Former US Treasury Secretary Larry Summers thinks the recent meltdown of crypto derivatives exchange FTX is a lot like the Enron scandal. In a new interview with Bloomberg, the famous American economi...
The cryptocurrency market meltdown is akin to the 2008 financial crisis – crypto.news
Almost 15 years have passed since the financial crisis of 2008. The crash affected various sectors of the economy, such as banking and real estate. Cryptocurrency investors are now at risk of experien...
HKSAR Suggests Regulatory Regime to Avoid Virtual Assets Market Meltdown
In response to the recent crash in the crypto market, the Financial Deputy Secretary of Hong Kong has published a blog suggesting a regulatory regime would effectively avoid crypto exchange crash scen...
Find Here How Larry Summers Compared FTX Meltdown to Enron Scandal
In a recent interview on Bloomberg TV with Larry Summers, on November 11, 2022, he said “A lot of people have compared the FTX meltdown to Lehman. And he would compare it to Enron.” Lawrence (Larry) H...
Binance CEO Changpeng Zhao Reveals Why Deal With FTX Collapsed, Says Industry Now Facing 2008-Style Meltdown
The chief executive of the world’s largest crypto exchange is revealing why the potential deal with former competitor and bankrupt firm FTX failed to go through. In an interview at the 2022 Indonesia ...
Elon Musk Weighs in on Sam Bankman-Fried Post FTX Meltdown
The fallout of FTX, a crypto exchange platform has brought about turmoil in the blockchain industry. Key industry experts and analyst have given their opinion on what they think resulted in the compa...
FTX Hit by Nine-Figure Hack as Meltdown Continues
Key Takeaways FTX has been hacked. Over $400 million was drained from the cryptocurrency exchange early Saturday. Employees have moved remaining assets to cold storage. Some have suggested that the in...
White House Reacts To Crypto Crash, FTX Meltdown
White House Crypto Crash Reaction News: In response to the crypto crash and the high volatility around the industry, the White House representatives made some interesting comments. Speaking to media o...
BlockFi halts withdrawals amid market meltdown – crypto.news
BlockFi, a New Jersey-based exchange, has informed clients that it will have “limited platform activity,” and will be pausing withdrawals amid the ongoing FTX issue. Apart from BlockFi’s announcement,...