Crypto

Billionaire Arthur Hayes Analyzes the State of Crypto Markets, Says Several Major Players No Longer Have Bitcoin to Sell CryptoBlog

Billionaire Arthur Hayes Analyzes the State of Crypto Markets, Says Several Major Players No Longer Have Bitcoin to Sell CryptoBlog

BitMEX founder Arthur Hayes considers the possibility that Bitcoin has already printed a bear market trough, saying three key players likely ran out of BTC to sell. In a new blog post, the crypto veteran identifies three groups of investors who have been forced to part with their Bitcoin treasures this year due to the …

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Crypto Markets Today: Alameda Research Loans Exposed to Media Site The Block and Its CEO Add to FTX's Miseries

Crypto Markets Today: Alameda Research Loans Exposed to Media Site The Block and Its CEO Add to FTX’s Miseries

Crypto media site The Block has been secretly funded for the past two years by Sam Bankman-Fried’s Alameda Research, according to a report by Axios. The bloc confirmed the report on Friday. This article originally appeared in Crypto Markets TodayCoinDesk’s daily newsletter diving into what’s been happening in today’s crypto markets. Subscribe to get it …

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Exclusive: SBF secretly funded crypto news site The Block and its CEO's apartment in the Bahamas

Exclusive: SBF secretly funded crypto news site The Block and its CEO’s apartment in the Bahamas

Photo illustration: Sarah Grillo/Axios. Photo: Eva Marie Uzcategui/Bloomberg via Getty Images The Block, a media company that says it covers crypto news independently, was secretly funded for over a year with money funneled to The Block’s CEO by the disgraced cryptocurrency trading company. of Sam Bankman-Fried, sources told Axios. why is it important: The payments, …

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Inside the Frenzied Texts Exchanged by Crypto Executives During the FTX Collapse

Inside the Frenzied Texts Exchanged by Crypto Executives During the FTX Collapse

The day before struggling cryptocurrency exchange FTX filed for bankruptcy, Changpeng Zhao, the chief executive of rival exchange Binance, sent an alarmed text message to FTX founder Sam Bankman-Fried. Mr. Zhao feared that Mr. Bankman-Fried was orchestrating crypto transactions that could plunge the industry into a meltdown. “Stop now, cause no more damage,” Mr. Zhao …

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Temasek-backed crypto store Amber halts expansion plans in tough market

Temasek-backed crypto store Amber halts expansion plans in tough market

Amber Group has raised only halfway through an expected $100m funding round and halted expansion plans as the Temasek-backed crypto group fears being dragged into the market turmoil caused by the collapse of FTX. This week, crypto traders grew nervous about Amber’s prospects after industry analysts raised concerns about how FTX’s failure affected the trading …

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SEC Sends Letter to Firms Requesting Updated Information Amid 'Wide Disruption' in Crypto Markets

SEC Sends Letter to Firms Requesting Updated Information Amid ‘Wide Disruption’ in Crypto Markets

The Securities and Exchange Commission sends a letter to US public companies asking companies to assess their disclosure obligations, including “tailored specific disclosure”, on how the recent crypto bankruptcies and broader financial difficulties in the market digital assets may have affected their business. The letter is intended to illustrate the type of comments the securities …

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Total Crypto Market Cap Falls to $840 Billion, But Derivatives Data Shows Traders Neutral

Total Crypto Market Cap Falls to $840 Billion, But Derivatives Data Shows Traders Neutral

The total cryptocurrency market cap fell 1.5% in the past seven days to $840 billion. The slightly negative move did not break the ascending channel initiated on November 12, although overall sentiment remains bearish and year-to-date losses stand at 64%. Total crypto market capitalization in USD, 12 hours. Source: Trading View The price of Bitcoin …

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Kevin O'Leary explains how he went from calling crypto 'trash' to 'murdering' his money in FTX collapse

Kevin O’Leary explains how he went from calling crypto ‘trash’ to ‘murdering’ his money in FTX collapse

Early cryptocurrency investor Nikki Beesetti said that going forward, she plans to cash out her crypto assets early to “reap the benefits and the rewards.” “Shark Tank” investor Kevin O’Leary, while discussing the fallout from the bankruptcy of crypto exchange FTX, explained how he went from calling crypto “garbage” to that this, causing the “murder” …

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Just Be Honest, Please: How Crypto Needs To Change To Transform Personal Finances - Maddyness UK

Just Be Honest, Please: How Crypto Needs To Change To Transform Personal Finances – Maddyness UK

Cryptocurrency and Decentralized Finance (DeFi) were created to provide millions of unbanked people with access to the financial system, to seamlessly transform personal finances and bring more value back to investors by removing intermediaries and offering stable returns that can exceed traditional savings accounts. This is exactly what many DeFi companies seemed to be doing …

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Crypto will be regulated as securities - ICE boss and Senator Warren

Crypto will be regulated as securities – ICE boss and Senator Warren

Most cryptocurrencies are likely to be regulated as securities in the United States according to Intercontinental Exchange Inc (ICE) CEO Jeffrey Sprecher and Senator Elizabeth Warren. The renewed focus on regulating cryptocurrencies as securities comes in light of the recent FTX implosion, which wiped countless billions from the market, sent consumer funds into limbo and …

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