But that's only part of the story, as blockchain technology has a utility that can go beyond digital assets, according to Mike Bechtel, chief futurist at Deloitte. What does a chief Futurist do? Bechtel chronicles innovations in technology around the world and uses that information to project which innovations will make their way to the ...
A crypto exchange processed over $700 million worth of illicit funds before the Department of Justice shut it down
The U.S. Justice Department worked with its international partners to take down a crypto platform that had allegedly become a haven for cyber criminals.
‘Nightmare’: collapse of leading crypto lender traps investors
In reality, the $100,000 “nest egg” from the sale of her house is trapped at a crypto lending company. “If I tell her, she’s going to have a heart attack,” says the 37-year-old from New York. “This was her everything.
Jamie Dimon is going to make a lot less than he did last year as he joins Apple’s Tim Cook as the latest big CEO to lose out on a bigger payday
JP Morgan Chase's board said Dimon will receive no "special awards" in the future, unlike last year, which added $50 million to his pay.
Coinbase Shuts Down in Japan
Our company has made the difficult decision to halt operations in Japan and to conduct a complete review of our business in the country,” Coinbase said. The San Francisco-bas ...
Crypto shrugs at US crackdown on illicit activity
An industry that over the past year has witnessed precipitous price falls, multiple bankruptcies and allegations of fraud would normally pay attention when the US accuses one of its companies of fueling a “high-tech axis of crypto crime”.
Transcript: The ‘Widowmaker’ Crypto Trade That Helped Blow Up an Industry
Over the last year, numerous things have gone wrong for the crypto industry. (Too many to list.) But one thing we've learned is that there's an incredibly high degree of interconnectedness between various firms,
Coinbase and others back ex-FTX US president’s crypto trading infra startup Architect
It has been nearly four months since Brett Harrison stepped down as president of FTX US, the American division of the now-bankrupt crypto exchange. Now, he has raised $5 million for his own startup, Architect,
NFT Coins Spring To Life As This High Risk Crypto Sector Faces Five Key Hurdles In 2023
Read this on Forbes.) “To me, you’re buying an NFT because it has some aesthetic appeal or rarity, and brings some sort of status to you,” says Maman. “This is not a way to generate long-term financial returns.
Factbox: Crypto’s string of bankruptcies
The lending unit of U.S. crypto firm Genesis filed for U.S. bankruptcy protection on Thursday, the latest company toppled by a market rout last year that wiped about $1.3 trillion off the value of crypto tokens.
Ex-FTX US President Harrison Taps Coinbase, Circle for New Crypto Firm
Former FTX US President Brett Harrison has raised $5 million for a new crypto software startup from investors such as Coinbase Ventures and Circle Ventures as he tries to move past his association with Sam Bankman-Fried’s failed digital-asset exchange.
A tiny rural bank which Alameda bought an $11.5 million stake in is giving up its crypto and weed ambitions to return to its community roots
Farmington State Bank blamed "the impact of recent events in the crypto assets industry and the resultant changing regulatory environment."
Bank of Japan defends yield curve control measures, intends to stick to ultra-easy monetary policy
Bank of Japan Governor Haruhiko Kuroda on Friday defended the central bank's decision to widen the trading band in its yield curve control program.
Factbox: FACTBOX The many companies in Digital Currency Group’s crypto empire
U.S. crypto company Digital Currency Group (DCG) is at the center of the industry's latest meltdown after one of its companies, Genesis, froze customer withdrawals in November.
Roundup: Japan’s Nikkei ends higher on yen’s retreat, U.S. futures’ rise
Japan's benchmark Nikkei stock index bounced back Friday, as investor sentiment was lifted by the yen's retreat and U.S. futures turning higher, despite Wall Street's overnight slide. The 225-issue ...
Japan’s Nikkei ends higher on U.S. futures gains, weak yen
Japan's Nikkei share average reversed its early losses to end higher on Friday, as sentiment was boosted by higher U.S. futures after Wall Street losses overnight and a weaker yen. The Nikkei ended ...