By Connie Lin February 10, 2023 Update Friday, 9:49 a.m. ET: On Thursday, the SEC said crypto exchange Kraken would “immediately” end its platform’s crypto staking service, and pay $30 million to settle SEC charges that it was listing unregistered securities. The news confirms rumors that the SEC would target staking as it tightens … Continue reading Will the SEC come for crypto staking? Coinbase CEO weighs in as the rumor mill churns
By James Surowiecki November 11, 2022 When you build an empire on funny money, it’s very easy for it to vanish overnight. That’s the simplest way to understand the implosion of former cryptocurrency giant FTX, which declared bankruptcy Friday. When November began, FTX controlled one of the world’s most valuable cryptocurrency exchanges, … Continue reading The fall of FTX shows just how fragile the crypto economy truly is
By Jeff Beer November 11, 2022 The Mercedes Formula One team, home to seven-time world champ Lewis Hamilton, announced it has suspended its partnership agreement with the troubled cryptocurrency exchange FTX. Earlier this year, in an interview for a story on FTX’s rise in sports sponsorship, Mercedes Formula One commercial director Richard Sanders … Continue reading Mercedes Formula One was skeptical of crypto sponsorships. Now it’s racing to drop FTX
Crypto exchange Binance abandons rescue of FTX one day after announcing takeover bid The company saw its rival’s books and decided to walk away. I. Bonifacic @igorbonifacic Dado Ruvic / reuters FTX won’t be rescued by its biggest rival. One day after announcing a proposed deal to buy the cryptocurrency exchange, Binance said it … Continue reading Crypto exchange Binance abandons rescue of FTX one day after announcing takeover bid
By Sean McManus August 28, 2022 Editor’s note: The author is a principal of M+D, which helped develop the Fast Government concept and may receive revenue from the partnership. With Brett Dobbs and Cyrus Hodes, he is cofounder of the World Climate Tech Summit. At a recent event hosted by the Economic Club … Continue reading Can crypto libertarians learn to love climate tech?
Robinhood lays off almost a quarter of its staff The company cut nine percent of its workforce earlier this year. I. Bonifacic @igorbonifacic Andrew Kelly / reuters For the second time this year, Robinhood is cutting its headcount. On Tuesday, the company announced it would lay off 23 percent of its workforce. According to … Continue reading New York regulators slap Robinhood’s crypto business with $30 million fine
Coinbase is retracting job offers amid hiring freeze The crypto company is also extending the pause on new jobs. J. Fingas @jonfingas June 3, 2022 Sheldon Cooper/SOPA Images/LightRocket via Getty Images Coinbase isn’t just freezing new hires as it grapples with a rough cryptocurrency market. Protocol says Coinbase is now rescinding some of its … Continue reading Coinbase cuts roughly 1,100 jobs amid fears of a ‘crypto winter’
By Connie Lin April 19, 2022 Okcoin, a San Francisco-based cryptocurrency exchange and one of the largest such platforms in the world, on Tuesday revealed it will debut a zero-fee, uncapped royalty NFT marketplace. And alongside brand advisor Randi Zuckerberg, the company, which recently committed $1 million to supporting women in crypto, hopes its new … Continue reading Okcoin enlists Randi Zuckerberg for an NFT trading platform to empower women in crypto
Alejandro Arrieche Last updated: 21 April 2022 The United States has become the global leader in terms of realized crypto gains in 2021 as revealed by research from the blockchain data analytics firm Chainalysis. In a report released on 10 April, the Coatue-backed research firm estimated the gains obtained by investors by trading cryptocurrencies last … Continue reading US investors earn $46 billion by trading crypto in 2021
Alejandro Arrieche Last updated: 21 April 2022 America’s top investment bank – Goldman Sachs – and one of the largest exchanges of crypto derivatives – FTX – reportedly engaged in discussions to collaborate to offer new services to customers within the United States while eyeing the potential public listing of the firm founded by Sam … Continue reading Goldman to Collaborate with FTX to Expand Portfolio of Crypto Services
