Cryptocurrency brokerage Genesis will reportedly get an equity infusion of $140 million from its parent company to strengthen its balance sheet after saying its derivatives business has $175 million locked in a trading account of FTX, which has filed for bankruptcy protection. Get the Full...
FTX-affiliated trading firm Alameda Research and FTX US reportedly each have liabilities of as much as $50 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
The FTX blowup and bankruptcy will reshape the crypto industry. That much is certain. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
FTX Group companies have filed for bankruptcy protection after a tumultuous week that included news of a liquidity crisis, investigations by United States regulators and the swift cancellation of a possible acquisition by rival cryptocurrency exchange Binance. Get the Full Story Complete the form to...
In the first major collateral casualty of the collapse of FTX, BlockFi announced via a tweet in the early hours of Friday (Nov. 11) morning that it is pausing client withdrawals and limiting platform activity. Get the Full Story Complete the form to unlock this...
After making job cuts that totaled 18% of its full-time workforce in June, cryptocurrency exchange Coinbase has announced another 60 layoffs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
What a difference a week makes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to...
In the wake of the collapse of Binance’s buyout of crypto trading competitor FTX, FTX’s CEO Sam Bankman-Fried has begun the search for new major investments to save the company from bankruptcy. Get the Full Story Complete the form to unlock this article and enjoy...
The heads of three high-profile cryptocurrency companies say the U.S. lacks a clear set of regulations for their industry, which is why most trading happens offshore. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
