The flurry of launches of ETFs that track the prices of leading digital currencies has turned to closures in response to cooling investor demand.
Almost 30,000 customers of FTX’s Australian entities have lost “significant property” in the collapse of the crypto exchange,with court documents detailing customers’ pleas to administrators to help them get their money back.
Prominent Australian investors have been caught up in the cryptocurrency turmoil after sustainable local bitcoin miner Iris Energy defaulted on debts of about $163 million.
Already crumbling from the FTX collapse,the price of Bitcoin has slumped amid reports digital exchange Genesis has warned investors it faces bankruptcy
Investors and analysts are divided over Commonwealth Bank’s previously announced plan to allow customers to trade bitcoin and other cryptocurrencies on its app.
It’s one thing to blow yours and other people’s billions on the crypto market,but Sam Bankman-Fried was downright reckless living in a polyamorous household.
John J. Ray III oversaw the liquidation of Enron after its historic collapse. Now he has another mess on his hands.
The chief executive of one of Australia’s largest crypto exchanges says the collapse of US exchange FTX highlights the need for urgent regulation.
The collapse of Sam Bankman-Fried’s cryptocurrency exchange has rattled the industry and seen billions wiped away. But one certainty has emerged.
I’d be lying if I said I wasn’t enjoying it,just a tiny bit. Watching the cryptocurrency house of cards folding one by one is an exercise in schadenfreude.
The founder of collapsed crypto exchange FTX and celebrity endorsers including NFL star Tom Brady,his ex-wife Gisele Bundchen and comedian Larry David have been accused of engaging in “deceptive practices”.