5 As at the end of any mania, the question now is whether crypto can ever be useful for anything other than scams and speculation. The promise was of a technology that could make financial intermediation faster, cheaper and more efficient. Each new scandal that erupts makes it more likely t...
As at the end of any mania, the question now is whether crypto can ever be useful for anything other than scams and speculation. The promise was of a technology that could make financial intermediation faster, cheaper and more efficient. Each new scandal that erupts makes it more likely that...
Farmington “pivoted to deal with cryptocurrency and international payments” after decades upon decades of serving as a single branch community bank in rural Washington. Soon after its pivot into the crypto space, Farmingtonstruggled to move moneyand sought approval to become part of the ...
Democrat proposes MEME Act to stop Trump and other top politicians from issuing crypto coins BYBen WeissFebruary 28, 2025 3 days ago The Coins - memes Solana hits 5-month low as memecoin traders back off after $LIBRA scandal BYCatherine McGrathFebruary 27, 2025 Most Popular 2 days ago ...
YANG: It's the first move by regulators to hold someone accountable for last month's sudden multibillion-dollar collapse at FTX.The second largest crypto exchange filed for bankruptcy after it ran out of money, and...
cheaper and more efficient. Each new scandal that erupts makes it more likely that genuine innovators will be frightened off and the industry will dwindle. Yet a chance remains, diminishing though it is, that some lasting innovation will one day emerge. As crypto falls to Earth, that slim cha...
(Reuters) - Crypto firm FTX Trading raised fresh capital at a valuation of $25 billion from a clutch of big-name venture capital investors, making it one of the most richly-valued crypto startups in the world. The financing, led by investors including Ontario Teachers' Pensi...
Suppose the FTX scandal continues to influence the value of cryptos (the initial breaking news in November 2022 hit Bitcoin and other crypto prices hard). In that case, you’ll have plenty of material to work with. Use financial charts as images andask questions to generate user engag...
Popular crypto exchanges, such asCrypto.com, laid off staff after suffering upticks in customer withdrawals. Some of the largest cryptocurrencybrokers,Genesis Global,BlockFi,Celsius, andVoyager Digital,reduced their headcount,suspended banking and lending services, and became insolvent. Gemini, the crypto...
The swift demise of cryptocurrency exchange FTX in 2022 had damaging domino effects on the cryptocurrency industry, stoking widespread mistrust among the public and toppling cryptocurrency services that did business with it. At the time, FTX was the third-largest crypto exchange, widely regarded as o...