January 10, 2023
“Coinbase is cutting about a fifth of its workforce as it looks to preserve cash during the crypto market downturn. The exchange plans to cut 950 jobs, according to a blog post published Tuesday morning. Coinbase, which had roughly 4,700 employees as… Continue Reading…
January 4, 2023
“Coinbase settled a case with New York’s state financial regulator, the parties announced Wednesday, and will pay a $50 million fine and invest a further $50 million in compliance efforts. Regulators from the New York Department of Financial Services said that the company… Continue Reading…
December 28, 2022
“Digital currency exchange Kraken will close down its operations in Japan next month, in another sign of consolidation in the battered crypto industry. In a blogpost on Wednesday, Kraken said it would cease crypto trading services through its Japanese subsidiary, Payward Asia,… Continue Reading…
December 23, 2022
“FTX founder Sam Bankman-Fried was released on $250 million bond while awaiting trial for fraud and other criminal charges, a New York federal judge ruled Thursday. Bankman-Fried stepped out of U.S. District Court in Manhattan, flanked by his parents, his legal team,… Continue Reading…
November 22, 2022
“The market capitalization of Coinbase just dropped below $10 billion. This time last year, it was more than $70 billion. Why it matters: The amount of value lost in Coinbase stock is probably greater than the loss of value of FTX equity plus the loss… Continue Reading…
November 14, 2022
“…For some Crypto.com could be the next cryptocurrency company to face a severe liquidity crisis as the collapse and bankruptcy of FTX is prompting greater scrutiny in the digital assets industry. But the Singapore-based exchange’s CEO Kris Marszalek said the company’s exposure… Continue Reading…
November 11, 2022
“The crisis sparked by the collapse of Sam Bankman-Fried’s FTX crypto empire ensnared BlockFi, a troubled digital-asset lender once worth $3 billion but which has now limited activity on its platform… The Jersey City, New Jersey-based company asked customers to… Continue Reading…
November 11, 2022
“Since 1990, the Ontario Teachers Pension Plan has managed hundreds of billions of dollars in assets for nearly 200,000 education workers, holding stakes in traditional investments from airports to shopping centers. The Canadian pension fund is just one of many… Continue Reading…
November 11, 2022
“Sam Bankman-Fried’s cryptocurrency exchange FTX has filed for Chapter 11 bankruptcy in the U.S., according to a company statement posted on Twitter. Bankman-Fried has also stepped down as CEO and has been succeeded by John J. Ray III, though the outgoing… Continue Reading…
October 25, 2022
“In contradiction to its usual tempestuousness, Bitcoin and some other cryptocurrencies have become less choppy, stupefying market-watchers who’ve long known them for their volatility. The average spread between the past month’s peak and trough across the 10 largest digital assets… Continue Reading…
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