One of the largest institutional brokerages in the crypto space is showing symptoms of contagion after the collapse of FTX.
Crypto broker Genesis Trading halts withdrawals at lending unit
Genesis Trading, a large crypto financial services group, has halted withdrawals at its lending unit, blaming the “unprecedented market turmoil” caused by the collapse of Sam Bankman-Fried’s corporate ...
Crypto broker Genesis suspends withdrawals cites FTX fallout
Crypto broker Genesis announced to clients that it is suspending client withdrawals from its lending arm, citing "unprecedented market turmoil" following the demise of crypto exchange FTX.
FTX’s Bankman-Fried, Tom Brady and other celebrity promoters sued by crypto investors
U.S. crypto investors sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange including NFL quarterback Tom Brady and comedian Larry David, claiming they engaged in ...
Softbank to sell 4.5% stake in Paytm for USD 200-215 million
Japan-based Softbank has started the process to sell a 4.5 per cent stake in One97 Communications for about USD 200 million (around Rs 1,627 crore) in a block deal, according to sources. The ...
Crypto is an ‘ecosystem that is totally corrupt,’ says economist Nouriel Roubini
The NYU professor said recent turbulence in the crypto market showed major players in the industry needed to go, and that regulators should be wary.
‘It feels very much like the Wild West.’ Crypto hedge funds linked to FTX fallout may struggle to recover lost assets, say managers
Crypto hedge funds scrambled to recoup investors' assets on the collapsed FTX exchange and their future is uncertain.
Nouriel Roubini slams Binance boss CZ as a ‘walking time bomb’ and says crypto is totally corrupt
Roubini also bashed Shark Tank investor Kevin O'Leary, who he called "a paid hack for FTX" at an event hosted by CNBC.
The downfall of the ‘king of crypto’ could reverberate for years
Now, at 30 years old, SBF has lost his fortune and admitted to loaning FTX customer funds to Alameda Research, a trading firm he co-founded. Cryptocurrency already had a reputation for carrying more ...
Japan Checks Impact of FTX Collapse on Local Crypto Exchanges
Japan’s financial regulator has checked with local digital assets exchanges about whether the failure of Sam Bankman-Fried’s crypto empire has had any impact on their businesses, according to an ...
Roundup: Japan’s Nikkei ends slightly higher, U.S. economic concerns cap gains
Japan's benchmark Nikkei stock index closed marginally higher Wednesday amid eased geopolitical concerns, although gains were capped over fears of a U.S. economic slowdown. The 225-issue Nikkei Stock ...
Japan’s Nikkei ends higher as fears of escalation in Ukraine crisis fade
Japan's Nikkei share average reversed course to end higher on Wednesday, after fears of an escalation in the Ukraine crisis faded as U.S. President Joe Biden said a blast in NATO member Poland may not ...
Japan struggles to find the staff as tourists return in their droves after full border reopening
The number of people working at Japan’s hotels and inns is well below pre-pandemic levels, but the country has seen a 15-fold year-on-year increase in inbound tourists since fully reopening its ...
Elizabeth Warren wants to pass a major crypto bill. Sherrod Brown says not so fast.
Leaders of the SEC and CFTC are vying for pieces of the crypto market, and the split is reflected in legislation that’s started to emerge from Capitol Hill.
From $32 billion to criminal investigations: How Sam Bankman-Fried’s crypto empire vanished overnight
Part of why SBF, as he’s also called, earned street cred for carrying out a relatively straightforward trading strategy had to do with the fact that it wasn’t the easiest thing to execute on crypto ...
What FTX’s collapse means for crypto
The exchange’s swift descent into bankruptcy shocked the financial industry. FT reporters explain what went wrong, and what it all means ...