The former chief executive of the cryptocurrency lending platform Celsius Network defrauded hundreds of thousands of investors out of hundreds of millions of dollars’ worth of cryptocurrency, New York Attorney General Letitia James alleged in a new lawsuit filed Thursday. Alex Mashinsky lied to investors, concealed Celsius’ dire financial condition […]
Crypto
This Crypto Startup Was Worth $1.5 Billion. It’s Now Shutting Down
English In April 2022, crypto startup Wyre was riding high on the tech boom, having agreed to be acquired for $1.5 billion. The acquisition would have meant a $267 million windfall for one its founders. But the acquisition was canceled in September. On Friday, employees received worse news: They were […]
Crypto Adventure Launches Crypto Guest Post Services
Crypto Adventure Crypto Adventure is excited to announce its new crypto guest post feature. This self-service platform is designed to help cryptocurrency businesses and publishers reach crypto communities at an affordable price. Bucharest, Romania, Dec. 28, 2022 (GLOBE NEWSWIRE) — With this portal, Crypto Adventure makes it easy for companies […]
After FTX’s spectacular collapse, where does crypto go from here?
It’s been a brutal year for crypto. Even before the dramatic collapse of the trading platform FTX last month, the price of bitcoin had fallen substantially in 2022 — the product of rising interest rates, its increasing correlation with beaten-down tech stocks, and instability emanating from other corners of the […]
4 ‘emerging narratives’ in crypto to watch for: Trading firm
Despite an eventful year fraught with crypto collapses and price drops, Steven Goulden, a senior research analyst at crypto trading firm Cumberland has pointed to several “green shoots” to break the surface in crypto in 2023. In a 14-page “Year in Review” report released on Dec. 24, Goulden said he […]
Crypto investment firm CoinShares debuts trading on Nasdaq Stockholm
Major cryptocurrency investment firm CoinShares has debuted trading on Nasdaq Stockholm, the primary securities exchange of the Nordic countries. CoinShares officially announced on Dec. 19, the first day of trading on Nasdaq Stockholm’s main market, with CoinShares’ stock starting trading on the exchange under the ticker CS. The latest trading […]
Binance Skeptics Question FTX Crypto Similarities
After the astounding FTX crypto collapse, investors and industry observers want proof that Binance is different. The leading cryptocurrency exchange and its founder and CEO, Changpeng Zhao, who played a key role in setting off the death spiral of the FTX enterprise, are now themselves facing increasing scrutiny over the […]
What is Mazars? Meet the accounting firm rocking the crypto world that previously ditched Trump
Mazars has found itself in the headlines again this year after confirming it’s pausing work for crypto clients, including Crypto.com, KuCoin, and Binance, the world’s largest crypto exchange. The news rocking the cryptocurrency world comes after the accounting firm in February backed away from another high-profile client — former President […]
Wyoming Bullishly Courts Crypto, Even After Collapse of FTX
CHEYENNE, Wyo. (AP) — Software engineer Jae Yang got a lot of questions from friends when he moved from Silicon Valley with plans to launch his cryptocurrency exchange not in the up-and-coming urban crypto hubs of Miami or Austin, Texas, but the windswept plains of southeastern Wyoming. While the collapse […]
Former FTX spokesman Kevin O’Leary defends endorsement of crypto firm
“Shark Tank” star Kevin O’Leary defended his position as a spokesperson for bankrupt crypto firm FTX on CNBC’s “Squawk Box” on Friday. “This is America. The justice system provides the presumption of innocence unless proven otherwise,” O’Leary responded when asked why he didn’t more stridently condemn Bankman-Fried. The former FTX […]