Billionaire Dallas Maverick’s owner Mark Cuban recently offered his perspective on the implosion of crypto platform FTX late this week. “‘That’s somebody running a company that’s just dumb-as-fucking greedy.’” — Read more
Tag: bitcoin
Opinion: Pain and losses in crypto will clear out the losers and strengthen the case for bitcoin
Cryptocurrency is a mess right now. And rightly so. I wrote about buying bitcoin for MarketWatch in 2013 when it was trading for $100, but I’ve spent the past year or Read more
Bitcoin falls to 2-year low, other cryptos down after market reacts to FTX bankruptcy news
FTX, the crypto exchange, filed for voluntary Chapter 11 bankruptcy in a Delaware court on Friday, and chief executive Sam Bankman-Fried has resigned. Following the news, here is how prices Read more
Bitcoin falls to 2-year low, other cryptos down after market reacts to FTX bankruptcy news
FTX, the crypto exchange, filed for voluntary Chapter 11 bankruptcy in a Delaware court on Friday, and chief executive Sam Bankman-Fried has resigned. Following the news, here is how prices Read more
Opinion: Bitcoin owners are bellyaching about its plunge, but the digital currency’s volatility is no more extreme than that of stocks
Some bitcoin owners are complaining about the cruel and unfair twists of fate that have led the cryptocurrency to plunge in recent days. In a five-day period from last weekend Read more
Bitcoin prices score reprieve as Sam Bankman-Fried’s FTX faced stunning unraveling
After a surprise announcement that Changpeng Zhao, the chief executive of Binance, had signed a non-binding letter of intent to buy FTX on Tuesday, the firm eventually walked away from Read more
“Bitcoin will be the winner because bitcoin is a digital commodity and it’s the least controversial of everything” said MicroStrategy’s Michael Saylor
“Bitcoin will be the winner because bitcoin is a digital commodity and it’s the least controversial of everything.” — Michael Saylor, co-founder and chief executive of MicroStrategy In an interview Read more
A ‘cascade of margin calls’ deleveraging, crypto failures and bitcoin at $13,000 are likely amid FTX fallout
A “new wave of crypto deleveraging” is likely under way, with bitcoin itself poised to drop another 25% amid a “cascade” of margin calls. That was the grim assessment JPMorgan Read more
Technical analyst Tom DeMark says bitcoin low could come as early as Friday
The cryptocurrency market has been hammered this week as major cryptocurrency exchange FTX falters, but one noted technical analyst says bitcoin could reach a bottom as early as Friday. Tom Read more
Crypto companies shares closed sharply lower, as bitcoin fell briefly to a 2-year low
Crypto company shares and funds closed sharply lower on Tuesday as bitcoin dropped briefly to a two-year low, even though the three major U.S. equity indexes ended higher. Bitcoin BTCUSD, Read more