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Coinbase Global Inc reported a fourth-quarter loss on Tuesday, as trading volume at the cryptocurrency exchange came under pressure from an industry-wide downturn triggered by a string of high-profile bankruptcies. The digital assets market suffered from dour sentiment over the last year, but the biggest blow to the sector came from the bankruptcy of Sam … Read more
Last year’s crypto winter left investors and players in the industry high and dry. In the aftermath of 2022’s crypto quake, majority of the potential institutional investors are now fearful about engaging with virtual digital assets. In its new survey, JP Morgan has found out that 72 percent of institutional e-traders are now sceptical about … Read more
Lawyers for Sam Bankman-Fried on Saturday urged a US judge not to ban the indicted FTX cryptocurrency executive from communicating with former colleagues as part of his bail, saying prosecutors “sandbagged” the process to put their client in the “worst possible light.” The lawyers were responding to a Friday night request by federal prosecutors that Bankman-Fried … Read more
Even by the extreme standards of cryptocurrency trading, the past few weeks have been a wild ride for Binance, the world’s biggest exchange for crypto assets. After the collapse of its rival FTX in a hail of allegations of fraud and criminality last month, trust in the entire sector has crumbled. Customers pulled more than … Read more
Former FTX Chief Executive Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said on Saturday. The 30-year-old cryptocurrency mogul was indicted in federal court in Manhattan on Tuesday … Read more
The Canadian Securities Administrators (CSA) has spelled out a set of rules that must be abided by all platforms that offer crypto trading, in a bid to safeguard its residents from financial risks associated with crypto. The global crypto community is trying to overcome a major shake-up, in the aftermath of the downfall of the … Read more
The US Securities and Exchange Commission charged disgraced cryptocurrency tycoon Sam Bankman-Fried on Tuesday with defrauding customers out of billions of dollars, a day after he was arrested in the Bahamas at the request of the United States. “Today we are holding Mr. Bankman-Fried responsible for fraudulently raising billions of dollars from investors in FTX … Read more