The near collapse this week of FTX, one of the largest cryptocurrency exchanges, has sent shockwaves throughout the crypto startup and investment community. But the fallout could also spread to the ...
Crypto markets slump as FTX seeks to raise new funds
By Georgina Lee and Tom Westbrook HONG KONG/SINGAPORE (Reuters) -Cryptocurrency markets nursed heavy losses on Thursday, with bitcoin hovering near a two-year low as investors fretted about the ...
This Billion-Dollar Crypto Collective Is Tearing Itself Apart
One of the world’s biggest crypto groups just voted to back its enigmatic founder. The only problem is, no one understands his plan.
Crypto and tech are the first dominoes to fall as stimulus liquidity dries up, says this money manager. Here’s what could happen next.
Our call of the day from Stock Traders Daily and portfolio manager at Equity Logic, Thomas H. Kee Jr., links up the latest crypto selloff and selling of ...
Crypto Firm Plans First Buyback in Three Years as Shares Plunge
A Japanese crypto-exchange operator announced its first stock buyback in over three years after a selloff of its shares amid ongoing turmoil in the digital-currency market.
Crypto whizkid Justin Sun says he’s working with FTX to find a ‘solution’ after Binance dumped its rescue deal
Justin Sun, the crypto whizkid behind Tron, has said he's working with FTX to find a "solution" to troubles at the exchange, which is on the brink of collapse. The move comes after Binance walked away ...
Bank of America downgrades Silvergate as latest crypto shakeup gives market a ‘black eye’
The latest crypto turmoil could hurt Silvergate Capital as investors lose confidence in the bank's chances of getting a stablecoin approved, BofA said.
Crypto giant Binance drops bid to save rival, stoking chaos in digital assets
In an abrupt reversal, cryptocurrency exchange Binance pulled out of a deal to acquire its embattled rival FTX, saying the company's problems were "beyond our control or ability to help." ...
Citi’s Japan Investment Banking Co-Head Kato Is Said to Leave
Citigroup Inc.’s investment banking co-head for Japan Hirotaka Kato has left the US lender, according to people familiar with the matter. Kato, who also served as financial institutions group head for ...
Roundup: Japan’s Nikkei ends lower as subpar earnings weigh, U.S. inflation data eyed
Japan's benchmark Nikkei stock index closed lower Thursday, tracking losses on Wall Street overnight, with domestic companies reporting subpar earnings losing ground amid a circumspect mood ahead of ...
Japan stocks lower at close of trade; Nikkei 225 down 0.98%
Japan stocks were lower after the close on Thursday, as losses in the Chemical, Petroleum & Plastic, Transport and Railway & Bus sectors led shares lower. At the close in Tokyo, the Nikkei 225 lost 0.
Crypto markets teeter with FTX after Binance abandons bailout
Cryptocurrency markets nursed heavy losses on Thursday, with bitcoin pinned near a two-year low as investors fretted about the fallout from the implosion of crypto exchange FTX.
Crypto Is Crashing. This Time, Blame FTX and Sam Bankman-Fried
Crypto experienced one of its worst days ever on Wednesday in the wake of the stunning collapse of the FTX exchange, a platform once hailed as one of crypto’s foremost success stories.FTX faces ...
Sequoia Capital says it’s marking its investment in FTX down to $0 as a liquidity crunch threatens to put the crypto exchange into bankruptcy
Sequoia wrote to its investors after Binance U-turned on acquiring FTX, citing issues "beyond our control or ability to help." ...
Binance backs out of FTX rescue, leaving the crypto exchange on the brink of collapse
The reversal comes one day after Binance CEO Changpeng Zhao announced that the world’s largest cryptocurrency firm had reached a non-binding deal to buy FTX’s non-U.S. businesses for an undisclosed ...
Japanese shares fall on sell-off after disappointing forecasts by heavyweights
Japanese shares fell on Thursday, tracking Wall Street losses overnight, as heavyweights Honda Motor and Sumitomo Rubber dropped on disappointing forecasts. The Nikkei lost 0.98% to close at 27,446.10 ...