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Tag: banking

Posted on 13/12/2022

FTX’s collapse prompted the largest-ever outflow of bitcoin from crypto exchanges, with investors pulling $1.5 billion last month

The world's largest cryptocurrency has tumbled 63% in 2022, with record outflows reflecting waning confidence in centralized exchanges.

Posted on 13/12/2022

Crypto winter end in sight as Ethereum looks to shake the chills- analysts

The collapse of cryptocurrency exchange FTX - the latest in a series of liquidity squeezes and bankruptcy filings that have shaken investors - has underscored the need for more regulations in the ...

Posted on 13/12/2022

Exclusive: U.S. Justice Dept is split over charging Binance as crypto world falters, sources say

Splits between U.S. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation into the world's largest cryptocurrency exchange Binance, four people ...

Posted on 13/12/2022

Binance Coin And Dogecoin Lead Crypto Drop Ahead Of Fed Decision

Dogecoin DOGE has taken the largest hit among the top 10 cryptocurrencies. The canine-themed token is hovering at 8 cents, having shed 8.5%. Binance coin follows with a 4.2% decline, worth $276. The ...

Posted on 13/12/2022

U.S. Justice Department reportedly split over charging Binance as crypto world falters

Splits between U.S. Department of Justice prosecutors are delaying a long-running criminal investigation into the cryptocurrency exchange Binance.

Posted on 13/12/2022

FTX founder: ‘I hope I haven’t killed crypto’

Fallen cryptocurrency tycoon Sam Bankman-Fried says he 'hopes he hasn't killed crypto' after overseeing one of the most dramatic crashes in the industry's history.

Posted on 13/12/2022

FTX collapse shakes up Chicago crypto market, where its US trading platform was going to be the next big thing

The Chicago office was christened as the inaugural home to the U.S. trading platform for Bahamas-based FTX, a startup that had rocketed into a $32 billion global cryptocurrency exchange and the poster ...

Posted on 12/12/2022

Crypto: Bieber, Madonna, Steph Curry, Snoop Dogg in Big Trouble

A new lawsuit accuses a dozen celebrities of contributing to significant financial losses, by promoting non-fungible tokens, aka NFTs.

Posted on 12/12/2022

Dogecoin Plummets 9% as Crypto Markets Flash Red

Dogecoin has led overnight losses among the market's top 10 largest cryptocurrencies, shedding around 9% over the past 24 hours.

Posted on 12/12/2022

S Korea says crypto-fugitive Do Kwon is in Serbia

South Korean authorities say they believe Do Kwon, the failed cryptocurrency boss behind the $40bn (£32.7bn) collapse of the terraUSD and Luna tokens, is hiding in Serbia. The Seoul Southern District ...

Posted on 12/12/2022

Japan weighs axing tax breaks for pure gasoline cars in 2025

Japan is set to exclude pure gasoline vehicles from tax breaks irrespective of fuel economy performance starting in 2025, Nikkei has learned. The government and the ruling coalition are making final ...

Posted on 12/12/2022

Roundup: Japan’s Nikkei ends lower on U.S. rate hikes, recession concerns

Japan's benchmark Nikkei stock index closed lower Monday on renewed concerns over an economic recession triggered by the U.S. Federal Reserve continuing to hike its interest rates. The 225-issue ...

Posted on 12/12/2022

Live news: South Korea says crypto fugitive Do Kwon is hiding in Serbia

South Korean prosecutors believe that Do Kwon, the failed entrepreneur behind the $40bn implosion of the terraUSD and Luna tokens, is hiding in Serbia as they intensify their months-long global ...

Posted on 12/12/2022

Losing your life savings on crypto is a Brexit opportunity

An FT column offering a behind-the-scenes look at the work of Rutherford Hall, critical communications strategist ...

Posted on 12/12/2022

This Week on Crypto Twitter: Sam Bankman-Fried ‘Willing to Testify,’ Crypto’s New Bottom Signal, Stablecoin Wars Rage On

FTX’s Sam Bankman-Fried continued to hold the industry’s attention hostage after a public back-and-forth between Congresswoman Maxine Waters (D-CA) and yet more sparring with Binance’s CEO. The ...

Posted on 12/12/2022

U.S. Senator Says He Sees ‘No Reason Why’ Crypto Exists

In a Sunday appearance on NBC's "Meet the Press," Montana farmer and teacher turned U.S. Senator Jon Tester told host Chuck Todd that cryptocurrency has "not been able to pass the smell test for me." ...

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