The Bahamian government blasted the person in charge of restructuring crypto exchange FTX, the latest salvo in an escalating fight over what remains of Sam Bankman-Fried’s crumbled empire.
Shares of Coinbase Global hit an all-time low amid rising investor skittishness over how far the fallout from rival exchange FTX’s insolvency might spread.
Roughly 2.3 million US taxpayers told the Internal Revenue Service they traded cryptocurrencies in 2020, data from the agency show.
On Wednesday, the Bahamas’s prime minister Philip Davis told parliament the country could not have prevented the failure of digital asset exchange FTX and has found no “deficiencies” in its…
Bankman-Fried told FTX.com investors Wednesday that without a cash injection the company would need to file for bankruptcy.
Meta, the company once known as Facebook, said last week that creators will be able to make their own NFTs and sell them directly to fans, both on and off…
Coinbase reported net revenue of US$576mn in the third quarter, down from over US$1.2 billion a year before, and US$803 million the previous quarter.
While salaries, rent and electricity have to be paid for in fiat currency, cryptocurrency miners are now struggling to make those payments given falling prices of digital assets.
Binance, the world’s largest cryptocurrency exchange by volume, was one of Musk’s financial backers in his multi-billion acquisition of Twitter, contributing a staggering US$500 million.
Hong Kong’s financial authorities said on Monday that the Chinese territory’s regulators are also exploring the listing of crypto exchange traded funds as the city’s rivalry with Singapore intensifies.