Through a subsidiary, FTX invested $11.5 million in the parent company of Farmington State Bank, which has a single branch and, until this year, just three employees. Story Published at: November 23, 2022 at 08:03PM Continue Reading…
Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions
What Stage of Capitalism Is Sam Bankman-Fried?
FTX’s $32 billion valuation was a fantasy, but nobody bothered to look at it closely. Story Published at: November 21, 2022 at 08:00PM Continue Reading…
Is This the End Game for Crypto?
What’s the point of reinventing banks, only worse? Story Published at: November 18, 2022 at 12:00AM Continue Reading…
Markets Steady at End of a Strong Week
Signs of China easing its pandemic restrictions added to investors’ bullishness about cooling inflation in the United States. Story Published at: November 11, 2022 at 03:34PM Continue Reading…
What the Banks Stock Rally Says About Wall Street
A strong batch of earnings have propelled bank stocks in recent days, but investors remain more cautious on the outlook of Goldman Sachs and Morgan Stanley. Story Published at: October 19, 2022 at 12:59PM Continue Reading…
Crypto Needs More Rules and Better Enforcement, Regulators Warn
The Financial Stability Oversight Council said that the growing crypto market could pose risks to the broader financial system. Story Published at: October 3, 2022 at 09:34PM Continue Reading…
Celsius Network Plots a Comeback After a Crypto Crash
The chief executive of the experimental crypto bank Celsius has told employees about an audacious plan to revive the firm, which filed for bankruptcy in July. Story Published at: September 13, 2022 at 05:29PM Continue Reading…
Celsius Network Plots a Comeback After a Crypto Crash
The chief executive of the experimental crypto bank Celsius has told employees about an audacious plan to revive the firm, which filed for bankruptcy in July. Story Published at: September 13, 2022 at 05:29PM Continue Reading…
The Crypto World Can’t Wait for ‘the Merge’
A long-awaited upgrade to Ethereum, the most popular crypto platform, may make the technology more environmentally sustainable. But it comes with risks. Story Published at: August 26, 2022 at 10:00AM Continue Reading…
What Is ‘the Merge’?
Here’s what to know about a major software upgrade to Ethereum, the most popular crypto platform. Story Published at: August 26, 2022 at 10:00AM Continue Reading…