crash

Op-ed: FTX Crash Shows Cryptocurrency Market Needs Bank-Like Regulation

Op-ed: FTX Crash Shows Cryptocurrency Market Needs Bank-Like Regulation

Rob Nichols is president and CEO of the American Bankers Association and Dennis Kelleher is president and CEO of Better Markets, a Washington-based nonprofit that promotes financial market reform. The recent turmoil in the trillion-dollar crypto sector, including the sudden liquidity crunch and the spectacular collapse of FTX, brought to light the concept of a …

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Tesla stock bulls and bears react to Elon Musk's $700 billion crash.  Here's what Morgan Stanley, Citi and others say could happen next

Tesla stock bulls and bears react to Elon Musk’s $700 billion crash. Here’s what Morgan Stanley, Citi and others say could happen next

Analysts aren’t lamenting Tesla despite a market rout that wiped nearly $700 billion in value from its peak a year ago. In fact, even a renowned Tesla bear improved on the stock, saying it had probably bottomed out. “We think the year-to-date pullback has offset the near-term risk/reward,” said Citi analyst Itay Michaeli. Loading Something …

Tesla stock bulls and bears react to Elon Musk’s $700 billion crash. Here’s what Morgan Stanley, Citi and others say could happen next Read More »

FTX crash looks suspiciously like Bernie Madoff scandal, says ex-regulator Sheila Bair |  CNN Business

FTX crash looks suspiciously like Bernie Madoff scandal, says ex-regulator Sheila Bair | CNN Business

New York CNN Business — In just three years, Sam Bankman-Fried has transformed FTX into a massive crypto exchange backed by big-name investors and valued at $32 billion. It only took a few days for it all to implode into a sprawling bankruptcy filing. Sheila Bair, a top regulator during the 2008 financial crisis, told …

FTX crash looks suspiciously like Bernie Madoff scandal, says ex-regulator Sheila Bair | CNN Business Read More »