Crypto: Crypto crisis shrinks ETF assets in market that embraced them - The Economic Times

Canadian-traded crypto ETFs had just C$1.64 billion ($1.22 billion) in assets under management as of Nov. 18. That’s down more than three-quarters from the C$7.3 billion value in those funds on Nov. 30 last year. The collapse of FTX, on the heels of other bankruptcies in the sector, dealt a debilitating blow to confidence in digital assets.
#ETF #Canadian #News #Business #Markets

5 hours ago

'Why aren't you in jail already?' Internet erupts after Sam Bankman-Fried confirms participating in New York Times' DealBook - MarketWatch

FTX founder Sam Bankman-Fried confirmed he will participate in the New York Times’ DealBook Summit in November. SBF will be interviewed by journalist Andrew Ross Sorkin, who tweeted that “nothing is off limits” when it comes to interviewing SBF. The 29-year-old will be appearing alongside Larry Fink, Reed Hastings and Reed Hastings.
#SamBankmanFried #FTX #’DealBookSummit #News #Technology #Internet

2 days ago

FTX bankruptcy — Investors show symptoms of fear psychosis

The collapse of FTX, a crash in digital cryptocurrencies and fresh doses of negative news are spreading fears of a crypto contagion in financial markets. FTX owes its top 50 creditors -- the list is not disclosed -- around $3.1 billion, according to media reports. Some believe that with institutional investors acting quickly to write off losses, the FTX collapse is unlikely to spread beyond cryptos.
#FTX #News #Business #Economy

4 days ago

NBA team, celebs & others being sued over FTX promotion - India Today

FTX, once one of the leading crypto exchanges in the world, has filed for bankruptcy. As this crypto exchange platform files for bankruptcy, numerous lawsuits have been filed against several celebrities who once were endorsing FTX. NBA team Golden State Warriors was sued by an FTX customer who accused the reigning National Basketball Association champions of fraudulently promoting the now-bankrupt cryptocurrency exchange.
#NBA #News #Sports #Basketball

4 days ago

Apple Close To Bagging Streaming Rights For 'Big Short' Author's Book On FTX, Sam Bankman-Fried Saga: Report - Netflix (NASDAQ:NFLX), Apple (NASDAQ:AAPL), (NASDAQ:AMZN) - Benzinga

Michael Lewis' latest work on Sam Bankman-Fried and FTX is set to be turned into a feature film. Film director Adam McKay, who adapted 'The Big Short' into a movie, is reportedly expected to be involved. FTX and Alameda Research filed for bankruptcy on Nov. 11. The unraveling of the firms led cryptocurrencies like Bitcoin and Ether to plummet in value.
#SamBankman #Apple #FriedSaga #SamBankmanFried #News #Entertainment #Books

4 days ago

Crypto Market Falls, Bitcoin Down 2%, Ethereum Down 3%

Global crypto market cap stood at $781.09 billion, down by 1.9 per cent, while the total crypto market volume increased 1.6 per cent to $64.9 billion in the last 24 hours. Dogecoin, a meme coin, which was the best-performing currency for the past few days, fell 9.03 per cent today. Today’s most trending crypto was FTT, which is the native token of FTX, a crypto exchange.
#FTX #News #Business #Markets

4 days ago

Why Bitcoin- And Ethereum-Related Stocks Are Diving Today - Coinbase Global (NASDAQ:COIN) - Benzinga

Cryptocurrency-related stocks including Coinbase Global Inc COIN, Marathon Digital Holdings Inc MARA and Riot Blockchain Inc RIOT are trading lower Monday. FTX, along with related trading firm Alameda Research and approximately 130 affiliated companies filed for Chapter 11 Bankruptcy following the collapse of the FTX Token FTT/USD and the unwinding of FTX CEO Sam Bankman-Fried.
#SamBankman #CoinbaseGlobal #Bit #Chapter11 #News #Business #Markets

5 days ago

Sam Bankman-Fried, FTX team among top political donors before bankruptcy

FTX founder Sam Bankman-Fried and members of his team rose from relative obscurity in Washington to be among the biggest donors in US politics. FTX’s contributions, crypto became one of the biggest-spending industries in politics during the most-recent election cycle, with campaign donations exceeding those of the defense and auto industries combined.
#SamBankman #FTX #Washington #News #Entertainment #Books

5 days ago

Binance boss CZ calls disgraced FTX founder Bankman-Fried a 'psychopath' over tell-all threat

Binance CEO Changpeng Zhao accuses Sam Bankman-Fried of being a dangerous lunatic. Zhao was responding to a question from a moderator at an investment summit sponsored by the Milken Institute. Zhao has previously said he suspected FTX's collapsed empire was responsible for leaks that endangered his children. The FTX collapse wiped away all of the founder's wealth, and he may be facing jail time.
#BankmanFried #FTX #News #Business #Economy

1 weeks ago

Crypto Prices Today: Market Recovers As BTC Rises 1.2%, ETH Gains 1.9%

Global crypto market was up by 1.2 per cent to $836.1 billion, while trading volume fell by 12.7 per cent in last 24 hours. Today’s most trending crypto was FTT, the native token of the FTX crypto exchange. Bitcoin (BTC) and other altcoins (ETH) were trading in the green on Friday evening, lifted by gains in Bitcoin and ETH.
#FTX #News #Business #Markets

1 weeks ago

With FTX bankrupt, politicians should get rid of Sam Bankman-Fried’s cash - The Washington Post

Sam Bankman-Fried implied earlier this year that he might spend as much as $1 billion on political donations before 2024. He gave more than $13 million to candidates and organizations of both parties in just this past midterm election cycle. The problem is that it is unclear where the money came from; it's unclear where it came from.
#SamBankman #FTX #News #Business #Economy

1 weeks ago

New CEO of FTX blasts its handling of financial information

John Ray III, the new CEO of the collapse cryptocurrency trading firm FTX, who oversaw Enron's bankruptcy, said he has never seen such a “complete failure of corporate control. Ray was named CEO of FTX less than a week ago when the company filed for bankruptcy protection and CEO and founder Sam Bankman-Fried resigned.
#JohnRayIII #FTX #News #Entertainment #Tv

1 weeks ago

Mercedes F1 team left in "disbelief" over FTX collapse

Mercedes suspend sponsorship deal with FTX on eve of Brazilian Grand Prix. FTX was engulfed by a liquidity crisis and eventually filed for bankruptcy after it was left with an $8 billion financial black hole. The company’s troubles triggered a meltdown in the crypto markets and have opened fears of contagion in the market.
#Mercedes #News #Sports #F1Racing

1 weeks ago

Ftx: U.S

The U.S. House Financial Services Committee said on Wednesday it plans to hold a hearing in December to investigate the collapse of cryptocurrency exchange FTX. FTX filed for bankruptcy on Nov. 11, leaving an estimated 1 million customers and other investors facing total losses in the billions of dollars.
#S.House #News #Business #Markets

1 weeks ago

Asia-Pacific markets: APEC leaders meet, Japan trade, Australia unemployment

Singapore's sovereign wealth fund Temasek announced it will write down its full investment in FTX after the firm's rapid collapse last week. The state investor said in a release that in view of FTX's financial position, we have decided to write down our full investment.
#APEC #Asia #News #Business #Economy

1 weeks ago

Why did TSM end partnership with FTX? Real reason and consequences explored

TSM has announced that it is suspending its partnership with cryptocurrency exchange FTX. This news comes days after FTX, which was previously valued at $32 billion, filed for Chapter 11 bankruptcy in the United States. The esports team is in the process of removing all FTX branding from its social media profiles and merchandise. In June 2021, TSM agreed to a ten-year partnership with FTX worth $210 million total.
#TSM #Chapter11 #UnitedStates #News #Business #Markets

1 weeks ago

Binance’s CZ Looking Into Acquiring Genesis Loan Book: Source

Binance founder Changpeng ‘CZ’ Zhao is reportedly interested in acquiring Genesis’ loan book. Zhao’s Twitter proclamations instigated the bank run that toppled FTX last week. FTX was sporting a huge target on its back following revelations that its balance sheet was risible.
#Changpeng #Binance #Genesis #News #Entertainment #Books

1 weeks ago

'Dr Doom' Nouriel Roubini says after Sam Bankman-Fried, crypto king CZ is a 'walking time bomb'

Binance exchange founder Changpeng "CZ" Zhao should be kicked out of the UAE, says Nouriel Roubini. The economist said he could not believe that CZ has a license to operate in the UAE. He said CZ would be worse than disgraced FTX founder Sam Bankman-Fried, who founded FTX.
#DrDoom #FTX #UAE #News #Business #Economy

1 weeks ago

Why were so many smart people so dumb about FTX? Did they seriously just like Sam Bankman-Fried’s ‘vibe’?

Sam Bankman-Fried launched a cryptocurrency exchange that got people excited about that sort of thing very excited indeed. All of the big players in venture capital lined up to throw money at the kid. Instead of becoming the world’s first trillionaire, SBF saw his net worth plummet from $16.2Bn to about $3 overnight.
#SamBankman #TheGuardian #News #Entertainment #Books

1 weeks ago

Top US Fed regulator urges Congress to impose regulations on cryptocurrency

Michael Barr, the Fed's vice chair for supervision, said recent events in crypto... Have highlighted the risks to investors and consumers associated with new and novel asset classes and activities when not accompanied by strong guardrails. FTX, the third-largest crypto currency exchange, filed for bankruptcy Friday.
#MichaelBarr #Fed #News #Business #Economy

1 weeks ago