As U.S. banking regulators begin their post-mortem of Silicon Valley Bank, some pundits are pointing the finger at crypto markets, whose own collapse over the past year left the tech-focused lender hopelessly exposed. The conventional wisdom about crypto is that it’s “self-referential” — a separate universe to conventional finance — and that its inherent volatility … Read more
Text size Bitcoin has torn higher to start the year, but there is reason to think the gains could be unsustainable. Dreamstime Bitcoin and other cryptocurrencies were on pause Wednesday as traders awaited a key decision on interest rates from the Federal Reserve. After the best January for Bitcoin in a decade, bad news out … Read more
Text size Bitcoin prices have had a standout January, rallying about 40% since the start of the year. Dreamstime Bitcoin and other cryptocurrencies were slightly lower Monday, paring gains after a rally over the weekend. Crypto traders are awaiting the Federal Reserve decision on interest rates due Wednesday, which is likely to be a catalyst … Read more
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Some FTX users appear to have found a way to move money off of the exchange through a back door in the Bahamas. Analysis by data firm Argus … Read more
Why No One Cares About NFTs Anymore Bloomberg Markets and FinanceView Full Coverage on Google News
What’s wrong with today’s art market? That’s a question to which there are answers aplenty. Artists are largely unable to benefit from the skyrocketing prices of their work after an initial sale, while flippers can make out like bandits. Galleries that support artists early on in their careers can be left high and dry after … Read more
Screenshot: YouTube Legendary game designer Will Wright, who led development on not just SimCity but the original Sims as well, hasn’t really made a big video game since 2008’s Spore. He’s back in 2022, though, working on something called VOXVerse. It’s a social game where you mine stuff, build stuff and talk to people. And … Read more
Press play to listen to this article Crypto’s Wild West era may be coming to an end. According to the Financial Stability Board (FSB), a global financial standard-setter, most of the cryptocurrency market should be subject to the same tough rulebook that governs traditional finance. The FSB, which was born in the wake of the … Read more
DALLAS, Sept. 30, 2022 /PRNewswire/ — Book.io, the leader in NFT eBooks on the blockchain, announced that they closed a seed funding round with Ingram Content Group (“Ingram“), one of the world’s leading book distributors, that possesses an expansive reach inside the world of book publishing with access to tens of thousands of publishers and … Read more
Sam Bankman-Fried speaks onstage during the first annual Moonlight Gala benefitting CARE – Children With Special Needs at Casa Cipriani on June 23, 2022 in New York City. Craig Barritt | Getty Images Sam Bankman-Fried’s crypto conglomerate FTX is in talks with investors to raise up to $1 billion in new funding that would keep … Read more