Silvergate Capital SI, -11.27% served as one of the main banks for the crypto industry, prior to its collapse earlier this week. The news came just a week after the firm delayed its annual report to t...
Tag: Securities/Commodity Exchange Activities
Cathie Wood’s ARK Swoops In to Buy Shopify Stock After Recent Slump
High-profile fund manager Cathie Wood’s ARK Investment Management has increased holdings of e-commerce company Shopify and shed chip maker Nvidia the group said in a statement. ARK snapped up about $3...
Crypto tumble as concerns over regulation intensifies
Bitcoin tumbled to a three-week low Thursday, as crypto exchange Kraken halted its staking program and agreed to pay $30 million to settle charges brought by the US Securities and Exchange Commission....
Coinbase Warns of ‘Staking’ Crackdown. The Stock Is Tumbling.
Text size Coinbase CEO Brian Armstrong. Patrick T. Fallon/AFP via Getty Images The CEO of Coinbase Global warned the Securities and Exchange Commission might be considering cracking down on a process ...
Where Are Stocks, Bonds and Crypto Headed Next? Five Investors Look Into Crystal Ball
A new trading year kicked off just weeks ago. Already it bears little resemblance to the carnage of 2022. After languishing throughout last year, growth stocks have zoomed higher. Tesla Inc. and Nvidi...
Bitcoin’s Rally Is Built on Low Trading Volume. That Adds to the Risks.
Bitcoin has rocketed 37% since the start of the year, completely erasing its losses after the demise of the cryptocurrency trading platform FTX. But there is ample reason investors shouldn’t chase the...
Bitcoin soars past $23,000 to highest since last September
Bitcoin BTCUSD, +0.59% soared past $23,000 on Saturday, its highest level since September, as the crypto currency market recovered some ground in early 2023. The rally came despite news on Thursday th...
Coinbase Stock Is Soaring. It Might Be a Haven in a Wild Crypto Market.
Coinbase Global stock continued its winning streak on Tuesday, rising alongside the price of Bitcoin and on the back of a strong analyst endorsement. Coinbase (ticker: COIN) has already had a busy sta...
Former FTX US head denies participation in fraud involving the company
Brett Harrison, former head of the U.S. arm of FTX, distanced himself from the crypto exchange co-founded by Sam Bankman-Fried, which filed for bankruptcy back in November. Harrison, who resigned as F...
Bitcoin spikes above $21,000: is the crypto bear market over ?
Bitcoin, the largest cryptocurrency by market capitalization, spiked above the $21,000 mark on Saturday. The move has encouraged crypto investors who have been shaken by the collapse of several high-p...
Coinbase, MicroStrategy and Other Crypto Stocks Fly. Why Gains Could Continue.
Shares in companies exposed to the cryptocurrency space tore higher on Monday. Many of these stocks are beaten down and widely bet against by traders, which means that gains could be accelerated throu...
6 value stock picks for 2023 from successful money managers
Following a down year for the stock market, there is no shortage of recession predictions for 2023, especially as the Federal Reserve has signaled it will continue to raise interest rates to fight inf...
Bahamas Regulator Says It Seized $3.5 Billion in FTX Crypto Assets
Bahamas securities regulators said they seized digital assets valued at $3.5 billion from FTX’s local operation in mid-November as the cryptocurrency exchange spiraled toward collapse, a figure that F...
Troubles at Sam Bankman-Fried’s Alameda Began Well Before Crypto Crash
Sam Bankman-Fried built the cryptocurrency exchange FTX on the reputation of his trading firm, Alameda Research LLC. Alameda was applying Wall Street-style wizardry to the crypto world—and outsiders t...
Opinion: Opinion: FTX was a warning. We must plug the other holes in the Swiss cheese.
FTX’s unraveling should not have come as any great surprise. When an unregulated market like crypto is opened to financial novices, mistakes are bound to be made and fraudsters are sure to take advant...
A Reckoning for Crypto and FTX
To the Editor:I’ve been hoping for some sort of catalyst that would implode the crypto market, and it has finally happened (“The Crypto Ice Age Is Here. What’s Ahead for Bitcoin and the Stocks,” Dec. ...
Meme Token Dogecoin Edges Past Coinbase. It’s Been That Kind of Year in Crypto.
Coinbase Global went public in 2021, with a debut valuation of a snappy $85 billion. This year hasn’t been exactly bountiful for the U.S.-based online crypto broker, with rising interest rates hitting...
Caroline Ellison says she’s ‘truly sorry for what I did,’ as she pleads guilty
Caroline Ellison has apologized for stealing billions in customer deposits at crypto exchange platform FTX to make bets at Alameda Research, the hedge fund she ran. “‘I am truly sorry for what I did.’...
Caroline Ellison Apologizes for Misconduct in FTX Collapse
Caroline Ellison, a close associate of FTX founder Sam Bankman-Fried, apologized in court this week as she pleaded guilty to fraud and other offenses, telling a judge that she and others conspired to ...
Coinbase plunges 86% in 2022, amid FTX-inspired slump. But one analyst says ‘you have to have a multiyear time frame.’
Hello there and seasons greetings! This is Mark DeCambre, Editor in Chief at MarketWatch. The hottest story in crypto land remains FTX, even as we hurtle toward 2023. It is a fast-evolving situation. ...
Sam Bankman-Fried to be released on $250 million bond after first U.S. hearing
Accused crypto crook Sam Bankman-Fried was released from custody Thursday on a $250 million bond, following the FTX founder’s first appearance in a U.S, court on fraud charges. Bankman-Fried walked ou...
Visa, Mastercard are ‘great defensive names’ for 2023, but PayPal and Coinbase stocks could be set for a rebound, analysts say
Whether you’re looking to scoop up some beaten-down bargains or trying to play it safe, analysts see potential in the payments sector heading into the new year. With a potential recession on many inve...
Wall Street Expects Brutal Coinbase Earnings. Why an Analyst Upgraded the Stock.
Wall Street is mostly muted ahead of earnings from Coinbase Global expecting to see deep losses and the lowest quarterly sales in two years from the cryptocurrency broker when the group reports earnin...