The Hot New Market in Crypto? Trading FTX’s Carcass.
Investors are spending hundreds of millions of dollars on FTX bankruptcy claims, betting that the firm’s new leaders will recover the money that Sam Bankman-Fried misappropriated.
Investors are spending hundreds of millions of dollars on FTX bankruptcy claims, betting that the firm’s new leaders will recover the money that Sam Bankman-Fried misappropriated.
Dryden Brown wants Praxis to be a crypto-city for tech bros and tastemakers. Just don’t ask for details.
The cryptocurrency has gained roughly 150 percent this year, as investors bet that regulators will soon approve the first spot exchange-traded fund that is designed to track the price of Bitcoin.
The crypto exchange treated them as essential customers, the government said. U.S. authorities want the industry to understand how bad that is for business.
Changpeng Zhao will pay a $50 million fine and step down as chief executive of the company he created, the latest blow to the crypto world since the implosion of FTX last year.
Investors anticipate regulatory approval of an exchange traded fund linked directly to Bitcoin, which they hope will encourage more people to invest in the digital asset.
Investors bought into the perception of the FTX founder as an unkempt boy genius. The jury didn’t buy it.
The case against the founder of the failed FTX exchange had come to symbolize the excesses of the volatile cryptocurrency industry.
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