crash

Coinbase shares have been pummeled in the last year amid a crypto market meltdown and a series of brutal earnings reports. But things are looking up for the stock lately as Coinbase has ridden a recent market surge in crypto to notch some big gains. On Monday, Coinbase shares hovered above $56, a 10% climb from last week and a nearly 60%…

While business leaders showed cautious optimism at this year’s World Economic Forum (WEF) in Davos, Switzerland, the same sentiment wasn’t felt for crypto.Compared to before, the once buzzy area of finance had a much smaller presence.As our Jennifer Schonberger put it, “gone were the crypto houses every ten feet, bitcoin-themed pizza stalls and…

OKX, the seventh largest crypto exchange by volume, published its third proof of reserves report Thursday. The report was the first by OKX to show an exact breakdown of assets, which consist of bitcoin, ether, and USDT.  A third-party group deemed…

Popular cryptocurrency broker Genesis is expected to file for bankruptcy within days, insiders have revealed.It would make the firm the latest crypto casualty following the spectacular downfall of Sam Bankman-Fried’s FTX, where the company held some of its funds.According to people familiar with the matter, Genesis is currently in the final…

Three Arrows Capital founders Kyle Davies and Su Zhu intend to pitch a new exchange as a means of escaping FTX's losses. The project is being developed in partnership with the founders of another struggling crypto company CoinFLEX. The founders of the bankrupt crypto company were recently subpoenaed over Twitter to…

Sam Bankman-Fried faces a series of criminal and civil charges, including alleged fraud.The trial of the disgraced founder of cryptocurrency exchange FTX and its sister company Alameda Research, a hedge fund and trading platform, is scheduled for October. Bankman-Fried was released on bail on Dec. 21 after being extradited from the Bahamas where…

According to the blockchain data platform, Chainalysis, the number of illicit cryptocurrency transactions increased consecutively for the second year, surpassing a record-breaking $20.1 billion.The cryptocurrency sector was severely shaken the prior year, with numerous large companies like TerraLabs, Celsius, Three Arrows Capital, FTX, and…

Bitcoin BTC and other major cryptocurrencies have rocketed higher this week, adding almost $200 billion to the combined crypto market (with some betting the rally is just getting started). Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the latest bitcoin and crypto market crash The bitcoin price…

Comment on this storyCommentIt’s harder to argue that your parents should leave you alone when you’ve just smashed up the car. As digital assets lost more than $2 trillion in value and a string of prominent ventures blew up in 2022, most notably the FTX exchange, the debate over cryptocurrency regulation shifted sharply. The turmoil also…

In late 2021, the price of a Bitcoin topped $65,000. Since then, the price has fallen 70% and taken with it the fortunes of the once-burgeoning crypto mining industry. Those operations generate bitcoin and other cryptocurrencies, often using sprawling stacks of computers that require a ton of electricity to stay…