How the fall of Three Arrows, or 3AC, dragged down crypto investors
With more than 19,000 virtual currencies in existence, the cryptocurrency industry has compared the current state of the market with the early years of the internet....
Tagged: business news
Witter Family Office focuses on crypto, ‘still believes’ in blockchain
The Witter Family Office, which has deep roots in Wall Street, is overtaking its large cryptocurrency and blockchain portfolio, but “continues to believe” in the sector...
BlockFi cuts 20% of employees as bitcoin plummets
The logo of the cryptocurrency platform BlockFi. Budrul Chukrut | SOPA pictures | LightRocket via Getty Images Crypto lender BlockFi is cutting around 20% of employees...
The last remnants of Facebook’s crypto project will be closed on 1 September
The logo of Diem, formerly known as Libra, is displayed on a smartphone screen with a Facebook logo in the background. Pavlo Gonchar | SOPA pictures...
Neobanking gets all the love on Dalal Street, but here’s why you should choose wisely
An emerging segment within banking offers consumers and investors spoiled choices. Neobanking or fintech companies – which offer software and technology to streamline digital banking services...
Kryptostup is a warning for public pension funds
MINNEAPOLIS – When the Houston Firefighters Relief and Retirement Fund bought $ 25 million in cryptocurrencies, with the fund’s chief investment officer announcing their potential, retired...
Crypto lender Celsius stops withdrawals; bitcoin slides
Celsius boss Alex Mashinsky. Piaras Ó Mídheach | Sports file for Web Summit | Getty pictures Celsius, a controversial cryptocurrency lending platform, said on Monday that...
Feds Brainard says that crypto needs regulation now before it becomes so big that it threatens the financial system
Lael Brainard, Governor of the US Federal Reserve, speaks at the National Association of Business Economics (NABE) Annual Meeting in Arlington, Virginia, Monday, September 27, 2021....
Bitcoin is heading for the best week since October as the cryptocurrency collapses
The value of bitcoin exceeded the threshold of 66,895 dollars in October for the first time in history. Chesnot | Getty pictures The price of bitcoin...
Crypto lender Celsius is a “scam” and “Ponzi scheme”, the lawsuit claims
Celsius was sued on Thursday by former investment manager Jason Stone, as the pressure continues to increase on the company in the middle of a crash...