FTX’s failure has defined a long, contagious crypto winter – The Verge

Filed under:By Verge StaffOn January 1st of 2022, one Bitcoin would cost you about $46,000. By November 8th, that same coin went for about $18,500. And that’s when the year’s most dramatic crypto story was just starting: the collapse of the FTX exchange, which brought yet another round of existential threats to the crypto industry … Read more

Bitcoin Surges Past $20K, Erasing Post-FTX Losses – Decrypt

SearchThe cryptocurrency market continued its rally on Friday as Bitcoin hit a high of just over $20,000 per coin.Bitcoin hasn’t been priced this high since early November, according to data from CoinGecko, before the spectacular collapse of FTX.The broader crypto market is also showing signs of life as the total market capitalization of the industry … Read more

Gemini, Hedge Funds, and a DeFi App: Bankrupt Genesis Reveals … – Decrypt

SearchDefunct crypto broker Genesis has revealed the largest creditors in its recent Chapter 11 bankruptcy filing, with crypto exchange Gemini taking the top spot, with a disputed debt of roughly $765.9 million.The filing, made in the Southern District of New York revealed over $3.6 billion of debt to its largest creditors. Roughly half of the … Read more

FTX founder Sam Bankman-Fried set to plead not guilty to fraud charges, report says – CBS News

Watch CBS News By Khristopher J. Brooks January 2, 2023 / 1:55 PM / MoneyWatch Sam Bankman-Fried, founder of bank cryptocurrency exchange FTX, is set to appear in court Tuesday and is expected to plead not guilty to charges of defrauding customers and investors, according to a report from Reuters. The U.S. Attorney’s Office for the Southern District … Read more