Tag: finance

The CEO of cryptocurrency exchange FTX has bought a 7.6% stake in Robinhood Markets, according to a filing with U.S. regulators on Thursday. Samuel Bankman-Fried said in the filing that he bought the ... ( read original story ...)

We really need a regulatory framework to guard against the risks,” Yellen said of cryptocurrencies called stable coins. ( read original story ...)

Because of the way that algorithmic stablecoins operate, this caused a huge increase in the supply of the corresponding Luna cryptocurrency token, which is traded against UST in order to balance the ... ( read original story ...)

Chainalysis raises $170 million to expand its crypto fraud detection platform and help enterprises combat financial crime. ( read original story ...)

Treasury Secretary Janet Yellen said that financial regulators would soon release a report on the risks of cryptocurrency and other digital assets. ( read original story ...)

Within the often head-scratching world of cryptocurrencies, there's a small but growing sub-species known as "algorithmic stablecoins" that have some investors and regulators ringing alarm bells. ( read original story ...)

A collapse of the Tether stablecoin would be crypto's "Lehman Brothers moment," according to an analyst from GlobalBlock. Following Terra's collapse, the $81 billion Tether stablecoin began to deviate ... ( read original story ...)

Global market regulators are likely to launch a joint body within the next year to better co-ordinate cryptocurrency rules, a senior watchdog official has said. ( read original story ...)

Jim Cramer and Nouriel Roubini are two of Tether's highest-profile critics. Both have questioned whether its stablecoin is backed by dollar reserves. ( read original story ...)

"It has been a rough period for crypto given the lost confidence with stablecoins and expectation for a much harsher regulatory environment." ... ( read original story ...)

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the ... ( read original story ...)

But UST's isn't the first depegging in stablecoins and it probably won't be the last. Here's what you need to know about this week's Terra fiasco. ( read original story ...)

Chairman Masayoshi Son confirmed on Thursday that the Japanese conglomerate would keep a majority stake in semiconductor designer Arm after it undergoes an ... ( read original story ...)

Asian finance chiefs on Thursday warned of the "downside risks" from Russia's invasion of Ukraine to the economic recovery of their region, even as they said they expect that their countries will ... ( read original story ...)

Tokyo stocks ended lower on Thursday, tracking Wall Street falls on concerns over US monetary tightening.The benchmark Nikkei 225 index fell 1. ( read original story ...)

Crypto is creaking. Unfortunately, even those fund managers in normal markets like stocks and bonds who have studiously avoided focusing on this freewheeling asset class, need to ... ( read original story ...)