The downfall of crypto exchange FTX and its founder Sam Bankman Fried (SBF) has been described as the 'Lehman Brothers' moment of cryptocurrency. Its demise is impacting other cryptocurrency platforms as investors and customers rush to retrieve their money.
Smart Money: Crypto Crash, and Growing Money Fast
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with an explainer on the collapse of the FTX crypto exchange. Then we pivot to this week’s money question from a listener’s text message: "Hello!
‘Alameda Gap’ Seen Drying Up Liquidity Across Crypto Markets
FTX exchange and sister trading desk Alameda Research, is helping to reduce liquidity across the crypto market. The decline has been dubbed the “Alamed
Billionaire Bill Ackman says crypto ‘is here to stay’ in the wake of the FTX collapse, as the one-time skeptic outlines some of his investments
"I think crypto is here to stay and with proper oversight and regulation, it has the potential to greatly benefit society and grow the global economy."
FTX Japan plans to resume withdrawals by year-end
FTX Japan, the Japanese subsidiary of Sam Bankman-Fried cryptocurrency exchange, is aiming to reopen withdrawals for local customers, according to the ...
FTX Japan Preparing to Allow Withdrawals by Year-End: Report
Withdrawals cannot be currently because FTX Japan uses the same payment system as its parent company, which is currently suspended ...
Billionaire Bill Ackman Does U-Turn on Crypto, Reveals Helium Investment
The billionaire founder of Pershing Square revealed that he’s a “small direct investor” in crypto projects including wireless network Helium.
FTX Latest: Crypto Prices Still Under Pressure as Billions Owed
Cryptocurrency prices struggled Monday in the ongoing crisis sparked by the downfall of Sam Bankman-Fried’s once-powerful FTX empire. The largest token Bitcoin has shed about 4% over two days, while ...
Bitcoin drops to 1-week low, ether slides 7% as FTX collapse ripples through crypto market
The cryptocurrency market has come under pressure over the last two weeks as problems at major exchange FTX came to light.
Inside a Crypto Nemesis’ Campaign to Rein In the Industry
Gary Gensler, the chair of the S.E.C., is at the center of a reckoning over the future of cryptocurrency after the implosion of FTX.
Roundup: Japan’s Nikkei ends slightly higher as exporters gain, U.S. rate hike concerns weigh
Japan's benchmark Nikkei stock index closed slightly higher Monday as exporters gained on the yen's retreat, but insurance firms' subpar earning and concerns over the future health of the U.S. economy ...
Nikkei ends marginally higher as China COVID, global rate worries weigh
Japan's stock markets edged up on Monday, although the Nikkei share average was kept below 28,000, as rising COVID-19 cases in China weighed on sentiment in Asia and traders awaited more clarity on ...
Stephen Diehl: Crypto is the ‘commoditisation of populist anger, gambling and crime’
The software engineer has denounced crypto assets as vehicles for pure speculation. But his views have made him a target of harassment — including death threats ...
Crypto Markets Sag as Funds Drained From FTX Switch Out of Ether
Cryptocurrency prices struggled Monday in the ongoing crisis sparked by the downfall of Sam Bankman-Fried’s once powerful FTX empire.
Bankrupt crypto exchange FTX owes its top 50 creditors about $3 billion
The exchange — worth $32 billion just earlier this year — filed for Chapter 11 bankruptcy on November 11, after a week of turmoil.
Nikkei little changed, pinned down by rates worry
The Nikkei was flat at 27,889 just after the lunch break. The broader Topix was flat at 1,967. Both indexes have been treading water for about a week. Volumes were expected to be light due to U.S. and ...