Genesis Trading, the cryptocurrency brokerage and lender that halted customer withdrawals in the aftermath of FTX collapse, believes it can sort out its financial problems. However, it needs more time in order to accomplish this, the troubled crypto lender’s interim CEO Derar Islim said. According to CoinDesk, a crypto publication which like Genesis is owned … Read more
Dogecoin (DOGE/USD) was trading lower on Monday afternoon after a day of surprising Twitter news. As covered on Invezz earlier today, market reaction was also on Tesla Inc. (NASDAQ: TSLA) stock. Why? Well, it’s about an Elon Musk move that comes after an eventful few weeks at the helm of Twitter, the company he bought … Read more
Sam Bankman-Fried, the founder and former CEO of collapsed cryptocurrency exchange FTX has been arrested in the Bahamas. The arrest followed a request from the US government, Reuters reported late Monday. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. According to the latest on the developing story, the … Read more
Paxful CEO Ray Youssef wants to see more Bitcoin (BTC/USD) holders take control of their funds through self-custody. His advice comes at a time multiple crypto exchanges are trying to assure customers that their assets are safe with proof of reserves. But the Paxful founder is championing for self-custody, noting that publishing proof of reserves … Read more
Silvergate Capital Corporation (NYSE: SI) CEO Alan Lane has said short sellers and other people looking to capitalize on the latest uncertainty in crypto are the ones behind a lot of the speculation and misinformation affecting the sector. Lane’s comments come as the industry comes to terms with the extent of the fraud committed at … Read more
FTX’s acquisition of creditors was a ploy to buy time and slow down a margin call, Ram Ahluwalia, the CEO of crypto-native investment advisor Lumida Wealth Management says. Sam Bankman-Fried’s FTX, Alameda and over 100 affiliate companies filed for bankruptcy last week, a development that shocked the crypto world and helped train the regulatory flood … Read more
FTX, until recently thought to be one of cryptocurrency’s top platforms, has announced it entered voluntary Chapter 11 Proceedings. The announcement on Friday morning is the latest chapter of a really stunning turn of fortunes for the crypto exchange, a timeline of events that have helped trigger fresh selling across the crypto market. FTX files … Read more
FTX’s implosion and what’s come to light over the past few days “is a massive setback” for the cryptocurrency industry, Kraken CEO Jesse Powell has opined. Although Powell says crypto will put this episode behind it, the damage that such a huge project failing has done to the market is huge. In a tweeted commentary … Read more
The metaverse is such an all-encompassing term. I sometimes find it hard to pinpoint exactly what it is. Somewhere you can hang out, socialise, buy and sell things, and numerous other activities – it’s a pretty wide range. This week on the Invezz podcast, I chat metaverse with Chris Jang, the co-CEO of ZTX. He … Read more
It’s been a turbulent year in the cryptocurrency markets. But decentralised finance marches on. Today on the Invezz podcast, we interview Tim Frost, CEO of Yield App (YLD), and Jon Deane, CEO of Trovio. Yield App is a sort of one stop shop crypto platform, while Trovio is a hybrid asset manager. Together, therefore, Tim … Read more