Cryptocurrencies are in crisis, but they are not going to disappear
Cryptocurrencies can be used for transactional purposes in the metaverse. Credit: Shutterstock…
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Browsing Tag
cryptocurrencies
A Crypto Magnate Saw the Risks and Still Was Hammered
The cryptocurrency crunch is so bad even the pros are getting squeezed. A year ago,
Barry Silbert’s
40% stake in
Digital Currency Group…
Sam Bankman-Fried Says Law Firm Worked Closely With FTX Before Bankruptcy
Sam Bankman-Fried
said cryptocurrency exchange FTX had a closer relationship than previously disclosed with its bankruptcy law firm…
WSJ News Exclusive | Inside Sam Bankman-Fried’s $1 Billion Bet on a Bitcoin Miner on the Kazakh…
Just before crypto markets plunged last year,
Sam Bankman-Fried’s
hedge fund made a $1 billion bet on Genesis Digital Assets, a Cyprus-registered bitcoin miner…
Coinbase Crypto Exchange to Cut Nearly 1,000 Jobs
Coinbase Global Inc.
COIN -0.67%
said that it would eliminate around 20% of its staff and enact broad cost cuts,…
Sam Bankman-Fried’s Lawyers Are Veterans of Ghislaine Maxwell and ‘El Chapo’ Cases
A pair of attorneys defending FTX founder
Sam Bankman-Fried
against one of the biggest white-collar prosecutions in decades are veterans of high-profile cases,…
FTX Seeks to Recoup Sam Bankman-Fried’s Charitable Donations
Sam Bankman-Fried
and FTX doled out millions in charitable donations. Now, new management is asking for it back.Some of the money, however, has already been…
WSJ News Exclusive | Crypto Lender Genesis Considers Bankruptcy, Lays Off 30% of Staff
Massive crypto lender Genesis Global Trading Inc. laid off 30% of its staff and is considering filing for bankruptcy, according to people familiar with the matter, the latest sign of…
WSJ News Exclusive | Silvergate Raced to Cover $8.1 Billion in Withdrawals During Crypto Meltdown
The collapse of crypto exchange FTX sparked a run on
Silvergate
SI 27.10%
Capital Corp., forcing the bank to sell…
U.S. Moves to Seize Robinhood Shares, Silvergate Accounts Tied to FTX
Federal authorities are moving to seize hundreds of millions of dollars in assets in the U.S. tied to the bankrupt cryptocurrency exchange FTX, a sign that the battle over control of the…