Cryptocurrency broker Genesis and its parent DCG owe customers of crypto exchange Gemini $900-million, the FT reported.
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Bitcoin should not be legitimised by regulators or financial companies as it heads for “irrelevance”, the European Central Bank said.
Bitcoin spiked higher on Wednesday in the countdown to a speech by US Federal Reserve chairman Jerome Powell.
Major cryptocurrency lender BlockFi became the latest crypto casualty on Monday after it filed for bankruptcy protection.
This year’s crypto rout has sliced almost 70% off a gauge of the top 100 digital assets.
Crypto brokerage Genesis has warned of the risk of bankruptcy amid contagion from the rapid demise of FTX.
History may not repeat, but it certainly rhymes.
The collapse of FTX contains lessons for all of crypto, according to ethereum co-founder Vitalik Buterin.
Moves by cryptocurrency exchanges to reassure markets about their stability are having little effect on jittery users.
OVEX CEO Jon Ovadia joins TC|Daily to talk about FTX’s bankruptcy and what it means for South African crypto players and the crypto ecosystem.