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Crypto lender BlockFi says it has significant exposure to FTX
(Reuters) -Cryptocurrency lender BlockFi said on Monday it has significant exposure to Sam Bankman-Fried's crypto exchange FTX, and associated entities, that last week filed for bankruptcy. FTX ...
The Lehman Brothers of Crypto: Here’s how the fall of Sam Bankman-Fried’s FTX compares to the collapse that sparked the Great Financial Crisis
"The primary use of crypto is speculation, and so its failure is unlikely to have broader repercussions," a law professor told Insider.
Japan stocks lower at close of trade; Nikkei 225 down 1.06%
Japan stocks were lower after the close on Monday, as losses in the Transport, Railway & Bus and Shipbuilding sectors led shares lower. At the close in Tokyo, the Nikkei 225 lost 1.06%. The best ...
Biggest crypto exchange Binance urges new industry rules
Binance chief Zhao was speaking at a conference in Bali, Indonesia, attended by heads of the G20 group of nations. The company has also announced plans for a recovery fund to help struggling crypto ...
Crypto Crash: A New Savior Appears to Contain the Crisis
The unexpected implosion of the FTX cryptocurrency exchange raises fears of a cascade of bankruptcies.The cryptocurrency industry seems to have a new savior to save it from plunging into an ...
Crypto No Place For Small Fry, CZ Warns As He Unveils Rescue Fund
You should not invest in crypto if you’re using money that you need for next week or next month, you should only be using discretionary cash that you don’t need for a long time,” he said. “If you ...
FTX Collapse: Sam Bankman-Fried Questioned By Police, Crypto Market Wobbles
The fallout from FTX's spectacular collapse last week continues to echo through crypto markets as officials probe mysterious withdraws and pick through the failed exchanges complicated balance sheet.
FTX Japan studying whether local clients can get their crypto back
FTX Japan K.K. is in discussions with lawyers about the implications of the collapse of its parent entity and plans to make an announcement once the situation becomes clearer, a spokesman said.
Crypto.com’s Sinking Token Stirs Fresh Anxiety After FTX Wipeout
The one constant in digital assets right now is fear and its latest object is Crypto.com, an exchange whose sponsorship of sports like Formula One racing and the soccer World Cup have popularized its ...
FTX’s bust and crypto crash come with two silver linings
Let's look at the bright side of the FTX-driven crypto crash to kick off what will likely be another long week for the industry. There are probably two positives worth considering here. First, the ...
Binance says ‘proof of reserves’ can restore trust in the crypto industry. What does that mean?
As the crypto industry faces a crisis of confidence, insiders argue over how to restore trust—and avoid a regulatory crackdown.
SoftBank won’t hasten exit from $1.8-billion holdings in Paytm, Policybazaar, Delhivery as lock-in expiry nears: Source
Japanese tech investor is sitting on net gains worth $160 million from venture investments worth $2.2 billion in the three unicorns; will look to pare stakes gradually over two years so as to not spar ...
Crypto.com says balance sheet strong, exchange not in trouble
Singapore-based crypto exchange Crypto.com's chief executive said the firm will prove all naysayers wrong on the platform being in trouble, and that it has a robust balance sheet and took no risks.
As regulators scrutinise FTX, investor focus swings to Crypto.com
The fallout from the collapse of crypto exchange FTX kept bitcoin and other cryptocurrencies under pressure on Monday, with market participants worrying about heavy withdrawals at Singapore-based ...
Crypto.com CEO Says Withdrawals Working, Will Continue to Work
Crypto.com Chief Executive Officer Kris Marszalek said withdrawals from the platform are working and will continue to work, moving to reassure markets unnerved by the sudden collapse of rival FTX.com.