Crypto exchange Binance launched a new website that explains its proof of reserves system. But why did the company do it and what does it mean? Here’s a breakdown of why the term has been making its rounds lately. What happened? The popular crypto exchange called FTX collapsed two weeks ago due to a liquidity … Read more
It’s going to be some time before we really know how badly the cryptocurrency bubble and subsequent collapse has hit the retirement savings of people who can’t really afford it. But we are already getting some idea of the damage. And it’s worse than you might have imagined. A massive analysis of more than 1 … Read more
Crypto exchange Binance launched a new website that explains its proof of reserves system. But why did the company do it and what does it mean? Here’s a breakdown of why the term has been making its rounds lately. What happened? The popular crypto exchange called FTX collapsed two weeks ago due to a liquidity … Read more
Crypto exchange Binance launched a new website that explains its proof of reserves system. But why did the company do it and what does it mean? Here’s a breakdown of why the term has been making its rounds lately. What happened? The popular crypto exchange called FTX collapsed two weeks ago due to a liquidity … Read more
SAN FRANCISCO — The epic collapse of wunderkind Sam Bankman-Fried’s $32 billion crypto empire, FTX, looks set to go down as one of the great financial debacles of all time. With a storyline full of celebrities, politicians, sex, and drugs, the future looks bright for producers of feature films and documentaries. But, to paraphrase Mark Twain, rumors of … Read more
Published: Nov. 23, 2022 at 3:31 p.m. ET A research paper published at Harvard University is advocating that central banks should buy bitcoin BTCUSD as a hedge against sanctions by other countries. The paper, titled “Hedging Sanctions Risk: Cryptocurrency in Central Bank Reserves,” was authored by Ph.D. candidate Matthew Ferranti from Harvard’s economics department, and … Read more
Democratic Sens. Dick Durbin, Elizabeth Warren and Tina Smith on Monday intensified the pressure on Fidelity Investments to reconsider its decision to allow employers to offer bitcoin exposure to 401(k) plan participants in the wake of crypto exchange FTX filing for bankruptcy earlier this month. The senators first wrote a letter to Fidelity in July. … Read more
Bitcoin briefly tumbled to its lowest level in two years on Monday after Bloomberg News reported that Genesis, the digital-asset brokerage and lender, has told investors it could be forced to file for bankruptcy if its current fundraising efforts are unsuccessful. The price of bitcoin BTCUSD, +1.30% tumbled to $15,615 on Tuesday after Bloomberg published … Read more
The spectacular case against a hipster New York couple who were allegedly caught with $3.6 billion in stolen bitcoin has taken a more mysterious turn. A court filing made by U.S. prosecutors on Wednesday in the case against Ilya Lichtenstein and his eccentric rapper wife Heather Morgan revealed that the investigation now involves “classified national … Read more
LUXEMBOURG, Nov. 15, 2022 /PRNewswire/ — The crypto industry is constantly expanding with a growing adoption globally, and it is inching closer to becoming a part of the traditional assets sphere. For instance, many individuals are now more eager than ever to utilize cryptocurrency in their everyday transactions, so as to take full advantage of … Read more