The Latest Breaking News from Crypto

The crypto industry has been shaken by an unprecedented crisis, which has struck down one of the most influential players.

SBF’s entities had their hands in everything, from stablecoin issuer Circle to investment firm SkyBridge Capital. What happens to those now?

Stock futures extend gains on rate bets, China Covid easing; FTX woes deepen as crypto exchange warns on us operations; Musk says can't rule out Twitter bankruptcy as more execs depart; TuSimple shares slump as former CEO returns to helm and Intel slides as JPMorgan resumes coverage with 'underweight' rating.

Founder Sam Bankman-Fried races to find funds to fill multibillion-dollar hole in exchange

Not long ago, FTX was one of the world’s largest trading platforms for cryptocurrencies. Founded in 2019, the Bahamas-based crypto exchange had a meteoric rise to prominence, and was valued at more than US$30 billion earlier this year.

The financial watchdog is speaking to FTX’s Australian arms about what the sudden downfall of one of the world’s most valuable cryptocurrency companies means for its local operations.

Major coins regained buoyancy late on Thursday, after crashing a day prior, in wake of soft economic data released. The global cryptocurrency market cap shot up 8.85% to $880 billion at 8:41 p.m. EST. 

Years of hesitation on digital asset legislation helped create the conditions for yet another crypto calamity.

Paris (AFP) - At parties, on stages and in meetings, Changpeng Zhao is rarely seen without his black polo shirt, emblazoned with the insignia of his crypto firm Binance.

"I was slammed with things to do and didn't give updates to you all. And so we are where we are. Which sucks, and that's on me. I'm sorry.”

The former Treasury secretary said the tech sector “has over-extrapolated from past success to believe that trees grow to the sky."