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
A new trading year kicked off just weeks ago. Already it bears little resemblance to the carnage of 2022. After languishing throughout last year, growth stocks have zoomed higher. Tesla Inc. and Nvidia Corp., for example, have jumped more than 30%. The outlook for bonds is brightening after a historic rout. Even bitcoin has rallied, … Read more
DOJ Seeks to Ban Sam Bankman-Fried From Contacting FTX Employees The Wall Street Journal SBF’s mom, Caroline Ellison aren’t cooperating in bankruptcy probe: lawyers Markets Insider FTX founder Bankman-Fried objects to tighter bail, says prosecutors ‘sandbagged’ him Yahoo Finance Sam Bankman-Fried tried to influence witness through Signal, DOJ alleges CNBC Do you have money tied up in FTX? Share … Read more
Photo: Alexander Khitrov (Shutterstock) The FBI says that cybercriminals connected to the North Korean regime are responsible for an attack on a U.S.-based crypto project, Harmony Protocol, that led to over $100 million in losses last year. On Monday, the FBI published a brief statement explaining that it had recently finished an investigation confirming that … Read more
The Fall Of FTX And Sam Bankman-Fried CNBC FTX, Sam Bankman-Fried, And The Basic Problem Of Cryptocurrencies | What’s Ahead Forbes Opinion | With FTX bankrupt, politicians should get rid of Sam Bankman-Fried’s cash The Washington Post FTX’s Downfall: How Moral Preening Obscured Fraud | Opinion Newsweek View Full Coverage on Google News
Cryptocurrency lender BlockFi Inc. is preparing a potential bankruptcy filing after halting withdrawals of customer deposits and acknowledging it has “significant exposure” to bankrupt exchange FTX, people familiar with the matter said. BlockFi paused withdrawals and limited activity on its platform last week, saying it couldn’t operate business as usual given the uncertainty about FTX. … Read more
FTX filed for bankruptcy last week, but the cryptocurrency exchange’s founder still thinks that he can raise enough money to make users whole, according to people familiar with the matter. Mr. Bankman-Fried, alongside a few remaining employees, spent the past weekend calling around in search of commitments from investors to plug a shortfall of up … Read more
WASHINGTON—Tumult in the cryptocurrency market represents a red flag to the broader financial system, the Federal Reserve’s top banking regulator plans to tell lawmakers Tuesday, while pressing for tougher guardrails in the wake of the rapid collapse of crypto exchange FTX. Michael Barr, the Fed’s vice chairman for supervision, is expected to tell lawmakers that … Read more
U.S. stocks finished lower Monday after last week’s big rally, while investors digested fresh comments from Federal Reserve officials about the outlook for further interest-rate increases. Stocks had risen in recent days on hopes that the Fed might not have to tighten financial conditions much more after U.S. inflation in October came in below economists’ … Read more