Crypto Collapse

Former cryptocurrency billionaire Sam Bankman-Fried, 32, has been sentenced to 25 years in prison for his involvement in a major financial scam related to the collapse of the FTX crypto exchange.

The overall crypto market cap rose by 3.91 percent in the last 24 hours. Bitcoin and Ether, both recorded gains on Tuesday, December 19. The rally is potentially fueled by Galaxy Digital's commitment to revive collapsed crypto projects, including FTX. On the other hand, a month after Binance and CZ pleaded guilty to violating AML guidelines, a fede...

After ending 2023 on a high, crypto investors will be watching central bank interest rates and a US regulatory decision on new bitcoin products as they decide how to place their bets next year. Cryptocurrencies staged a recovery this year after a torrid 2022 in which a market meltdown and a string of scandals, including the collapse of FTX and frau...

More measures may be needed to stop blow-ups at complex crypto firms like FTX from destabilising the wider financial system, the global Financial Stability Board (FSB) said on Tuesday.

Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, plans to make another high-stakes gamble and testify in his own defense at his criminal fraud trial.

BlockFi emerged from bankruptcy on Tuesday, saying it will wind down operations and begin returning crypto assets to customers 11 months after it was swept away by the turbulence in thecryptocurrency industry following FTX's collapse. 

A US judge on Wednesday tightened Sam Bankman-Fried's bail conditions by restricting his ability to communicate publicly, and said he will consider jailing him before the trial over the collapse of his FTX cryptocurrency exchange.

Australian Securities & Investments Commission (ASIC) said on Wednesday it had cancelled the license of the local arm of collapsed U.S. cryptocurrency exchange FTX, effective from July 14.

Cryptocurrency exchange Gemini, the largest creditor of bankrupt crypto lending firm Genesis, sued parent company Digital Currency Group (DCG) and its CEO, the day after DCG missed the exchange's deadline for agreeing to a restructuring deal for the venture capital firm's troubled unit. DCG and Gemini, two prominent players in the crypto industry, ...

AI is traditionally centralized, routines gobble up all data everywhere, and make decisions for a small group of human designers — or in dystopian science fiction versions — the natural limit of no humans. Crypto is radically decentralized. All actionable information is held by dispersed individuals in private keys. No one controls the system.

Cryptocurrency investors have grown more cautious about who they do business with, after being burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and others, and fearing a regulatory crackdown will put more pressure on remaining firms. The recent crypto platform bankruptcies trapped customer assets now worth around $34 bi...

Instagram, TikTok, YouTube, and Twitter have been targeted in a new complaint by the BEUC, and these online platforms could face action over the facilitation of misleading advertisements of crypto assets. In May, the EU adopted the Markets in Crypto Assets (MiCA), a comprehensive set of rules to regulate crypto assets.

Crypto-related searches on Google have declined drastically in the last two years. Retail investors as well as institutional investors, both seem to have lost interest in the crypto sector especially after projects like FTX and Terra collapsed last year due to internal mismanagements, leading to losses worth billions in 2022. The Crypto Fear and Gr...

Indicted FTX founder Sam Bankman-Fried's lawyers filed a motion on Tuesday asking for access to documents from Fenwick & West, the Silicon Valley law firm that represented FTX and sister hedge fund Alameda Research from the companies' inception through their collapse in November 2022.

International securities watchdog IOSCO unveiled on Tuesday the first global approach to regulating cryptoasset and digital markets, drawing on lessons from last year's collapse of the FTX exchange that fuelled concerns over consumer protection.

Former cryptocurrency billionaire Sam Bankman-Fried, 32, has been sentenced to 25 years in prison for his involvement in a major financial scam related to the collapse of the FTX crypto exchange.

The overall crypto market cap rose by 3.91 percent in the last 24 hours. Bitcoin and Ether, both recorded gains on Tuesday, December 19. The rally is potentially fueled by Galaxy Digital's commitment to revive collapsed crypto projects, including FTX. On the other hand, a month after Binance and CZ pleaded guilty to violating AML guidelines, a fede...

After ending 2023 on a high, crypto investors will be watching central bank interest rates and a US regulatory decision on new bitcoin products as they decide how to place their bets next year. Cryptocurrencies staged a recovery this year after a torrid 2022 in which a market meltdown and a string of scandals, including the collapse of FTX and frau...

More measures may be needed to stop blow-ups at complex crypto firms like FTX from destabilising the wider financial system, the global Financial Stability Board (FSB) said on Tuesday.

Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, plans to make another high-stakes gamble and testify in his own defense at his criminal fraud trial.

BlockFi emerged from bankruptcy on Tuesday, saying it will wind down operations and begin returning crypto assets to customers 11 months after it was swept away by the turbulence in thecryptocurrency industry following FTX's collapse. 

A US judge on Wednesday tightened Sam Bankman-Fried's bail conditions by restricting his ability to communicate publicly, and said he will consider jailing him before the trial over the collapse of his FTX cryptocurrency exchange.

Australian Securities & Investments Commission (ASIC) said on Wednesday it had cancelled the license of the local arm of collapsed U.S. cryptocurrency exchange FTX, effective from July 14.

Cryptocurrency exchange Gemini, the largest creditor of bankrupt crypto lending firm Genesis, sued parent company Digital Currency Group (DCG) and its CEO, the day after DCG missed the exchange's deadline for agreeing to a restructuring deal for the venture capital firm's troubled unit. DCG and Gemini, two prominent players in the crypto industry, ...

AI is traditionally centralized, routines gobble up all data everywhere, and make decisions for a small group of human designers — or in dystopian science fiction versions — the natural limit of no humans. Crypto is radically decentralized. All actionable information is held by dispersed individuals in private keys. No one controls the system.

Cryptocurrency investors have grown more cautious about who they do business with, after being burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and others, and fearing a regulatory crackdown will put more pressure on remaining firms. The recent crypto platform bankruptcies trapped customer assets now worth around $34 bi...

Instagram, TikTok, YouTube, and Twitter have been targeted in a new complaint by the BEUC, and these online platforms could face action over the facilitation of misleading advertisements of crypto assets. In May, the EU adopted the Markets in Crypto Assets (MiCA), a comprehensive set of rules to regulate crypto assets.

Crypto-related searches on Google have declined drastically in the last two years. Retail investors as well as institutional investors, both seem to have lost interest in the crypto sector especially after projects like FTX and Terra collapsed last year due to internal mismanagements, leading to losses worth billions in 2022. The Crypto Fear and Gr...

Indicted FTX founder Sam Bankman-Fried's lawyers filed a motion on Tuesday asking for access to documents from Fenwick & West, the Silicon Valley law firm that represented FTX and sister hedge fund Alameda Research from the companies' inception through their collapse in November 2022.

International securities watchdog IOSCO unveiled on Tuesday the first global approach to regulating cryptoasset and digital markets, drawing on lessons from last year's collapse of the FTX exchange that fuelled concerns over consumer protection.