Former U.S. Treasury Secretary Larry Summers is likening the collapse of troubled cryptocurrency exchange FTX to the meltdown that engulfed Houston-based energy company Enron two decades ago. In an interview Read more
Tag: commodity exchange activities
You need to understand the FTX debacle even if you have no investments in crypto
The sudden collapse of FTX, the world’s third-largest cryptocurrency exchange, underlines how important it is for any investor to learn about the risks taken when money is parked with a Read more
FTX’s Sam Bankman-Fried: ‘I was shocked to see things unravel the way they did’
Sam Bankman-Fried, co-founder at crypto exchange FTX, tweeted Friday that he was “shocked to see things unravel the way they did,” after he quit as chief executive and the company Read more
‘I was shocked to see things unravel the way they did’: FTX’s Sam Bankman-Fried
Sam Bankman-Fried, co-founder at crypto exchange FTX, tweeted Friday that he was “shocked to see things unravel the way they did,” after he quit as chief executive and the company 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
Scaramucci on FTX: I am ‘very disappointed’ and ‘don’t understand the motivation’
Anthony Scaramucci, founder and managing partner of alternative investment firm SkyBridge, said the firm is working to buy back a 30% stake it sold in September to crypto exchange FTX, 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
Crypto lender BlockFi pauses withdrawals in wake of FTX’s collapse
Crypto lending platform BlockFi announced it was halting withdrawals Thursday night in the wake of the collapse of crypto exchange FTX. “We are shocked and dismayed by the news regarding Read more
Crypto lender BlockFi pauses withdrawals in wake of FTX’s collapse
Crypto lending platform BlockFi announced it was halting withdrawals Thursday night in the wake of the collapse of crypto exchange FTX. “We are shocked and dismayed by the news regarding Read more