Investments Financial News

06.12 / 12:35

business Blockchain Investments goldman sachs Goldman Sachs reportedly looking to buy crypto firms after FTX collapse

As crypto company valuations are affected by the recent FTX debacle, financial services firm Goldman Sachs is looking to swoop in and invest millions to purchase or invest in crypto firms while the prices are low.

05.12 / 21:57

business Blockchain Investments Scams Maple Finance cuts ties with Orthogonal Trading over alleged misrepresentation of finances

Blockchain-based institutional capital marketplace Maple Finance announced on Dec 5 that it plans to cut all ties with Orthogonal Trading due to alleged misrepresentation of finances following the collapse of FTX.

05.12 / 20:45

Government Technology regulation Investments regulatory Malta prepares to revise regulatory treatment of NFTs

The Malta Financial Services Authority (MFSA) is currently reviewing requests to revise the “regulatory treatment” of Non-Fungible Tokens (NFTs) within its Virtual Financial Assets Framework.

05.12 / 09:41

business Investments FTX Swyftx Swyftx cuts 40% of staff as it braces against 'worst-case scenario'

Australian-based crypto exchange Swyftx has laid off a total of 90 staff members, which it said was in preparation for a “worst-case scenario” caused by the fallout of FTX and a potential fall in global trading volumes next year.

05.12 / 04:47

markets Technology Ethereum Investments NOT Vitalik Buterin on the crypto blues: Focus on the tech, not the price

Ethereum co-founder Vitalik Buterin has shared some sage advice for traders feeling the blues of the crypto bear market: Focus on the tech rather than the price.

03.12 / 08:47

business Adoption Investments Funding FTX US ex-president reportedly seeks $6M funding to launch crypto startup

Just a month after the controversial fall of Sam Bankman-Fried’s FTX exchange and 130 affiliated companies, a former high-ranking executive is reportedly seeking out investors to launch a crypto startup.

02.12 / 01:51

business Blockchain Investments Scams Fried Sam Customer Former FTX CEO Sam Bankman-Fried denies "improper use" of customer funds

An interview between the Former FTX CEO Sam Bankman-Fried ‘SBF’ and George Stephanopoulos aired on Good Morning America on Dec. 1.

01.12 / 22:23

Government regulation Investments Bitcoin Italy to impose 26% capital gains tax on crypto profits

Italy is planning to tighten regulations on digital currencies by expanding its tax laws to include cryptocurrency trading in 2023, according to budget documentation released on Dec. 1.

30.11 / 02:07

Adoption Investments Investors should learn from FTX and stop speculating

The FTX collapse marks more than just the failure of another crypto exchange. It signals the time has come for the industry to grow up and embrace value. The value schism is here.

29.11 / 02:21

business Blockchain Technology Investments FTX collapse impacts Miami’s nightclub scene: Report

The fallout from the collapse of FTX spans beyond the Web3 and crypto ecosystem. Reports gathered by the Financial Times suggest that nightclubs in Miami have been negatively affected by the collapse of the once-reputable cryptocurrency exchange.

29.11 / 02:21

markets Investments Bitcoin Bitcoin Price Bitcoin capitulations abound — Data shows realized and unrealized losses at record-highs

Being three weeks removed from the FTX collapse, Bitcoin (BTC) analysts are combing through data to decipher whether more selling will continue or if a bear market floor has been reached.

29.11 / 02:21

business Blockchain Investments Bitcoin Controlling shareholders' stakes in GBTC are 'highly illiquid': Report

According to a new Twitter post by Ryan Selkis, CEO of blockchain research firm Messari, Grayscale Bitcoin Trust's (GBTC) controlling shareholders Genesis Global and Digital Currency Group cannot simply "dump" their holdings to raise more capital. Selkis explained that the restrictions are due to Rule 144A of the U.S. Securities Act of 1933, which forces issuers of over-the-counter, or OTC, traded entities to give advance notice of proposed sales, as well as a quarterly cap on sale of either 1% of outstanding shares or weekly traded volume.

28.11 / 23:37

Blockchain Stablecoin Digital Currency Investments MakerDAO community votes against CoinShares' 500M investment proposal

Decentralized lending protocol, MakerDAO, has voted against crypto investment firm CoinShares' proposal to invest between 100million and 500million worth of the community’s funds, into a portfolio of corporate debt securities and government-backed bonds for yield, as an investment strategy.

28.11 / 21:23

Blockchain Adoption Investments Venture Capital Crypto fund investment still dominated by the United States: Database

Despite venture capital funding halving in October, there seem to be funds that still remain bullish on this space investing in emerging markets, Web3 and infrastructure. But, most people do not know who these mysterious funds are or what they are made of, or if there is a project starting up, how to get in touch with these funds.

26.11 / 01:19

business Government Blockchain Investments the bahamas Trouble in the Bahamas following FTX collapse: Report

Following the collapse of crypto exchange FTX, which was headquartered in the island nation of Bahamas, Bahamians are reportedly still trying to find a way to make sense of everything, while remaining optimistic about the future.

26.11 / 00:35

business Investments Grayscale Senate Crypto Biz: Institutions short Bitcoin as SBF is ‘deeply sorry’ for FTX collapse

The monumental collapse of FTX will go down as one of the biggest corporate scandals of all time. But, at least Sam Bankman-Fried, or SBF, is sorry. On Nov. 22, the disgraced founder of FTX penned a letter to his former employees describing his role in the company’s bankruptcy. “I never intended this to happen,” he wrote. “I did not realize the full extent of the margin position, nor did I realize the magnitude of the risk posed by a hyper-correlated crash.” Get this: SBF still thinks the company can be saved because “there are billion of dollars of genuine interest from new investors.” Shouldn’t he be preoccupied with trying to avoid jail right now?

25.11 / 21:07

Blockchain Ethereum Investments Bitcoin analyst How bad is the current state of crypto? On-chain analyst explains

Despite the market downturn and the widespread negative sentiment in the industry in the wake of the FTX collapse, on-chain data still show reasons to be bullish on Bitcoin.

24.11 / 22:21

business Binance Investments Nov recovery Binance says its Industry Recovery Initiative has 7 enrollees, 150 applicants

Binance announced Nov. 24 that it is spearheading the creation of a so-called Industry Recovery Initiative (IRI) on BloombergTV. New details about the project to “to lead the charge when it comes to protecting consumers and rebuilding the industry” have been released on the exchange's blog.

23.11 / 20:47

Blockchain Adoption Investments Venture Capital VC funding Blockchain VC funding halves in October despite some strong raises

Blockchain venture capital inflows sharply decreased in October from the previous month. According to Cointelegraph Research, the number of individual deals dropped from 93 to 69 monthly.

23.11 / 17:11

defi Investments DEX Forex Ava Labs DeFi protocol raises $10M from Bitfinex, Ava Labs despite turbulent market

The ongoing crypto bear market has proven itself to be a builders market as investments continue to find projects with promise.

23.11 / 01:11

ETF Investments SEC Power Approving a spot crypto ETF is 'all about political power' — Perianne Boring

Perianne Boring, founder and CEO of blockchain advocacy group Chamber of Digital Commerce, placed the lack of approval of a Bitcoin exchange-traded fund in the United States squarely on Securities and Exchange Commission chair Gary Gensler, suggesting politics played more of a role than economics.

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