Cryptocurrency
Cryptocurrency
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In hindsight, Sam Bankman-Fried's April interview with Bloomberg's "Odd Lots" podcast was a harbinger of his epic collapse last week. He described a "box" that has value only because other people put money in it, and, when confronted with the idea that he described a Ponzi scheme, admitted there was a "depressing amount of validity" to that.
November 14 -
Experts say getting a handle on the repercussions of FTX's demise is likely to take months.
November 14 -
House Financial Services Committee Chair Maxine Waters joined her Republican counterpart on the panel saying FTX's unwinding hastens the need for legislation that outlines crypto regulation.
November 10 -
Fidelity Investments is set to launch a retail crypto trading platform, starting with zero-commission trading for bitcoin and ethereum.
November 3 -
Almost 60% of the 564 respondents in a recent survey indicated they viewed the recent spate of legal action in crypto as a positive sign for the asset class.
October 24 -
Fidelity Investments is hiring an additional 100 people for its digital assets unit, stepping up an expansion that started in May and taking advantage of turmoil among crypto firms to lure talent.
October 24 -
JPMorgan Chase has hired a new head of digital assets regulatory policy, less than a month after CEO Jamie Dimon told lawmakers that cryptocurrencies are "decentralized Ponzi schemes."
October 19 -
A new tax form for 2022 returns that will be filed next year clarifies how investors should report digital assets.
October 19 -
Grayscale Investments, the largest crypto asset manager, said the Securities and Exchange Commission acted arbitrarily earlier this year in rebuffing a bid to convert its $12 billion spot bitcoin trust into an exchange-traded fund.
October 12 -
The young and wealthy instead see more potential in assets like cryptocurrency, real estate and private equity, a study says.
October 11