Bitcoin fell to $17,000 for the first time since November 2020, while Coinbase stock fell more than 20% since Monday.
Chinese crypto billionaire poised to acquire distressed rival says it’s not a ‘win’ and there’s ‘a lot of tough work ahead’
On Tuesday, the world’s largest crypto exchange Binance announced it signed a non-binding letter of intent to acquire one of its biggest rivals: FTX, headed by Sam Bankman-Fried. The man called ...
Troubled crypto exchange FTX investigated by US regulators over customer funds
Fried's crypto exchange FTX attracts scrutiny from U.S. regulators for its handling of customer funds, liquidity troubles ...
Crypto Has Reinvented Bank Runs
FTX’s crisis is a reminder of what is right about traditional finance.
Crypto Security Is Even More Important After The FTX Meltdown
Further shaking the confidence of investors and regulators in the crypto space, the spectacular meltdown and collapse of FTX – the white knight of the space until recently – further highlights the ...
Tom Brady Likely Lost Big With FTX Crypto Collapse
The football star and fashion model Gisele Bündchen sunk an unknown amount of their own funds into FTX in exchange for FTT coin.
Conquer The Japanese Market: Follow This Brand That Dominated Foreign Land Like A God
International brands struggle with entering foreign markets. But technology now enables success in complex markets by utilizing data for customer-driven business processes. ( read original story ...)
Tokyo Drift? Japan’s Wealthy Are Investing in Luxury Supercars Amid a Weakening Yen
As Japan’s economy continues to slow, the country’s elite has found a new way to safeguard funds: luxury supercars. Six-figure rides look to be a solid investment amid a weakening yen and supply ... ( read original story ...)
Tokyo’s new blue quantum dots promise more energy-efficient displays
Quantum dots are nanoscale crystals capable of emitting light of different colors. Display devices based on quantum dots promise greater power efficiency, brightness and color purity than previous ... ( read original story ...)
Binance’s rescue of FTX shows no crypto company is ‘too big to fail,’ experts say
Despite FTX being the fourth-biggest crypto exchange, the company wasn't immune from the downturn in digital assets.
The Fed’s jumbo-sized rate hikes will uncover more ‘skeletons in the closet’ for crypto after FTX’s rescue, economist says
The Federal Reserve's aggressive interest rate hikes will likely flush further "skeletons" out of crypto markets, an economist warned. The Pearson Institute for International Economics' Martin ...
Binance chief says near collapse of FTX ‘severely’ eroded confidence in crypto industry
We’ll send you a myFT Daily Digest email rounding up the latest Binance news every morning. The near collapse of FTX has “severely shaken” confidence in the crypto industry and will trigger tougher ...
Bitcoin Plummets in Another Crypto Confidence Crisis
Cryptocurrency market drops 11% in 24 hours as questions about crypto firms' solvency mount.The crypto industry is plunged into a new crisis of confidence. As cryptocurrency prices began to stabilize, ...
The Great Crypto-Cop Brain Drain
There's a little bit of a brain drain that is happening,” Gambaryan says. “There's a massive exodus of special-agent experts in the field of cryptocurrency who have left government agencies and joined ...
Ultrafast Electron Microscope Built to See Events at the Nanoscale
A group of scientists from Nagoya University in Japan used a novel combination of technologies to investigate the principles of light–matter interaction in nanomaterials at the lowest and fastest ... ( read original story ...)
Candy from Ghibli’s Grave of the Fireflies disappearing as manufacturer goes out of business
Candy drops that served as a symbol of hope for war orphan Setsuko have been on sale for more than 100 years, but their end is near. ( read original story ...)