The era of cheap money has come to an end and its impact has been felt in global markets, which have yet to see the end of the steepest interest rate hike cycle in decades. The risks became apparent this week as US technology lender Silicon Valley Bank scrambled to seek fresh capital, sending bank […]
Tag: Cryptocurrencies
The US accuses the founder of FTX of four new financial crimes
The federal authorities of USA They accused this Thursday of four new crimes the founder of the ill-fated cryptocurrency platform FTX, Sam Bankman-Fried, in connection with the theft of money from his clients’ deposits to support the operations of the company and its associated investment fund, Alameda Research; make charitable contributions and political donations and […]
US Accuses Crypto Entrepreneur Do Kwon and His Company, Terraform Labs, of Fraud
The Securities and Exchange Commission USA (sec) reported Thursday that it has accused cryptocurrency entrepreneur Do Kwon, and the company he co-founded, Terraform Labs, of “of orchestrating a multi-million dollar fraud.” The collapse of Terraform Labs last year it struck down some $40 billion of investors and rocked global cryptocurrency markets. South Korean prosecutors had […]
The City of London bets on cryptocurrencies after Brexit
Despite the fact that the cryptocurrency market is going through a cold winter after the collapse of the last few months, the United Kingdom accelerates plans to take advantage of its regulatory independence after the Brexit and convert to City of London into a global hub of crypto assets. The so-called Edinburgh Reform, the British […]
The IMF points out that risks from the use of bitcoin in El Salvador “must be addressed”
He International Monetary Fund (IMF) considers that the risks from the use of the bitcoin in The Savior “should be considered”even though said “risks have not materialized due to limited use” of the cryptoactive so far. The IMF reported this Friday in a statement that a mission from the organization, headed by Raphael Espinoza, held […]
Fed’s Waller Says Cryptocurrency Buyers Could Lose Their Entire Investment
The Governor of the Federal Reserve, Christopher Wallerwarned on Friday those who participate in assets of cryptocurrency that they could lose their investments, and banks that must protect themselves from malicious agents and risks to the Finance system. In recent months, the cryptocurrency industry has been rocked by massive losses for investors, bankruptcies of cryptocurrency […]
Crypto company Genesis would file for bankruptcy this week
The cryptocurrency lending unit of Digital Currency Group (DCG) has been holding confidential talks with various groups of creditors in the midst of a liquidity crisis. He has warned that he might have to file for bankruptcy if he can’t raise cash, he previously reported. Bloomberg. The representatives of Genesis Global Capital They did not […]
Bitcoin flirts with longest winning streak in nearly a decade
The biggest digital asset was little changed on Tuesday after rising for 13 straight days, adding more than 25% to trade above $21,000, nearing its longest winning streak since November 2013. , according to data compiled by Bloomberg. The rise has helped lift the global value of digital assets to almost $1 trillion, according to […]
Cryptocrime hits a record $20 billion in 2022
By Elizabeth Howcroft The illegal use of cryptocurrencies hit a record $20.1 billion last year, when prices skyrocketed transactions with Business under U.S. sanctions, data from the security analytics firm showed on Thursday “blockchain” Chainalysis. The cryptocurrency market faltered in 2022 as risk appetite waned and several crypto companies went under. Investors suffered heavy losses […]
The crypto contagion worsens: Coinbase will cut almost 1,000 jobs
Coinbase Global Inc. It said Tuesday it will cut its headcount by about 20%, or about 950 employees, as part of a restructuring plan, in the third round of layoffs from the cryptocurrency exchange since last year. The company said it expects to incur around $149 million to $163 million in restructuring expenses. Its shares […]