Jamie Dimon, the billionaire chairman of JP Morgan has called Bitcoin a fraudulent scheme and the equivalent of a pet rock as financial chiefs are turning against digital currencies.
Breaking: Crypto lender Genesis files for bankruptcy
Genesis, a cryptocurrency lender, has filed for bankruptcy. This is the latest company to go bust in the wake of the rapid collapse of the FTX exchange.
Should I sell.. or should I not? Understanding cryptos
If you’ve been trading in cryptocurrency for quite some time, you probably have first-hand experience in understanding that engaging in the cryptocurrency industry can be a wild ride.
FTX claims $415m of crypto was hacked
Sam Bankman-Fried, a collapsed cryptocurrency company, claimed $415m (£338m), was stolen from the exchange. It was estimated that around $323m was stolen from its international platform and $90m from its
Crypto Trading Mistakes a Newbie Should Watch Out For
With the constant news of cryptocurrency market value going upward, new investors have taken a double turn to check out the buzz. Since it is very probable to get caught
As the digital coin crisis continues, Crypto.com will reduce its workforce by 20pc
Crypto.com, a trading platform, is cutting its global workforce by around 20%. This follows the recent crisis in the sector of digital assets.
Before the market crashed, dozens of traders from the London crypto hedge fund were millionaires.
Wintermute paid $83m to its UK employees in 2021, which included $22.5m to one director.
In the cryptocurrency world, nobody wants to become the ‘next FTX’
Sam Bankman-Fried, clean-shaven in a blue suit and dressed in a white shirt, listened to his lawyer pleads not guilty to the alleged “epic” fraud in New York.
As the industry slump continues, Huobi, a crypto exchange, will lay off 20% of its staff
The company said that it will lay off approximately 20% of its employees at the crypto exchange Huobi. This is the latest indication of drastic cost-cutting in the sector as
Crypto-focused bank Silvergate bank forced to fire 40pc of staff as FTX fallout deepens
Silvergate, a crypto-focused bank, is set to reduce 40% of its staff in response to the crisis in digital asset sectors sparked by Sam Bankman-Fried’s collapse.
FTX lawyer cooperated with US prosecutors
According to reports, Daniel Friedberg, FTX’s former top attorney, has cooperated with US prosecutors in their investigation into the collapse of the crypto firms.