Is the worst over for bitcoin and the rest of crypto?

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business  —  The meltdown of FTX has sent the price of bitcoin and other cryptocurrencies tumbling more than 60% this year…and the carnage has spread to publicly traded companies with … Read more

As strike week looms, Punch Pubs boss issues a plea to rail unions

Clive Chesser, chief executive of Punch Pubs, could be forgiven for needing a stiff drink. He has guided his group’s 1,300 pubs through the dark days of Covid lockdowns and, more recently soaring inflation, energy bills and staff shortages.  But he now faces another even more immediate problem. ‘The timing of this is awful,’ he … Read more

Binance launched a proof-of-reserves system for bitcoin holdings. What are proof of reserves?

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

Opinion: Crypto-millionaires? Hardly. A quarter of crypto traders ‘earn less than $10,000 a year’

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

Binance launched a proof-of-reserves system for bitcoin holdings. What are proof of reserves?

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

Binance launched a proof-of-reserves system for bitcoin holdings? What are proof of reserves?

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

Opinion: Will crypto survive? Sadly, the FTX debacle is unlikely to be the last

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

Central banks must buy bitcoin to hedge against sanctions: Harvard Ph.D. candidate

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