The Fintech files: Kraken’s ‘savage’ layoffs, more trouble for crypto hedge funds
Employees at Kraken have become the latest victims of the crypto winter after the US-based exchange announced 1,100 job cuts. One employee said: “I went to...
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Fintech files: BlockFi bust, former Celsius execs tell all, Tory super crypto donor does it again
Just when you thought crypto couldn’t get any more chaotic, another company has filed for bankruptcy – lender BlockFi. The firm was one of the most...
The Fintech Files: Fidelity cashes in on crypto chaos, Cunliffe calls for regulation, latest FTX bankruptcy
The collapse of Sam Bankman-Fried’s FTX has shattered confidence in the crypto sector and, in the eyes of some, presented it with an existential problem. But...
FCA boss warns fintech failures sit with bosses
Financial Conduct Authority chief executive Nikhil Rathi has warned that as finance becomes more digital, managers will still be on the hook for mistakes. “From masters...
FCA boss warns fintech failures sit with bosses
Financial Conduct Authority chief executive Nikhil Rathi has warned that as finance becomes more digital, managers will still be on the hook for mistakes. “From masters...
The Fintech Files: FTX fallout, MPs make Binance squirm, and crypto sector full of ‘f****** sociopaths’
It’s been seven days since Sam Bankman-Fried said: “FTX is fine. Assets are fine.” Many things are still unclear, but one thing is certain: FTX was...
The crypto and pension fund is a major concern for global watchdog
Crypto and pension fund crises are major concerns for the world’s top financial watchdog, as it expresses fears for the stability of the financial system. In...
FTX crisis hurts BlackRock, VanEck: “Crypto industry must work twice as hard to rebuild bridges”
Investors in BlackRock’s and other firms’ crypto products saw their values plummet on November 9 as the troubled digital asset industry rebounded from a crisis that...
Goldman sees client boomerang in ‘flight to quality’ as crisis engulfs crypto firms
Goldman Sachs’ head of crypto trading says investors are “coming back” to the bank to trade crypto after being spooked by crises at digital asset firms...
The Fintech Files: StanChart Targets Abu Dhabi, Nomura Looks at Crypto Trading
While regulators in the US, UK and Europe have been dragging their feet on crypto, Abu Dhabi has been quietly throwing in some business. The emirate...