October 15, 2023
Ferrari Hopes Crypto Payments Can Widen Customer Base
Ferrari has reportedly begun accepting cryptocurrency payments for its vehicles in the U.S. That’s according to a Saturday (Oct. 14) report by Reuters, citing comments from the luxury carmaker’s marketing...
October 09, 2023
Financial Blockchain Technology Gains Ground While Crypto’s Future Remains Uncertain
Investing in crypto requires having a lot of optimism about crypto. And while blockchain technology still holds the potential to transform global payments, the cryptocurrency ecosystem itself has been racking up more high-profile...
October 03, 2023
Celsius Network Seeks Court Approval for Bankruptcy Exit Plan
Celsius Network is reportedly seeking court approval on a bankruptcy exit plan that would allow it to restart as a user-owned bitcoin miner. The failed crypto lender also aims to...
October 02, 2023
Report: Bankman-Fried’s Alleged Victims Still Believe in Crypto
Despite losing millions when FTX collapsed, some investors still believe in the promise of cryptocurrency. As CNBC reported Monday (Oct. 2) — in advance of a documentary on the subject — FTX investors and...
September 25, 2023
SEC Raises Concerns Over Coinbase’s Role in Celsius’ Bankruptcy Plan
The Securities and Exchange Commission (SEC) has reportedly expressed reservations regarding Coinbase Global’s proposed involvement in Celsius Network’s plan to emerge from bankruptcy. The SEC, which previously charged Coinbase with operating as an unregistered securities...
September 20, 2023
Stanford Returns FTX’s Millions Following Suit Against SBF Parents
Stanford University reportedly intends to give back millions of dollars given to it by FTX. “We have been in discussions with attorneys for the FTX debtors to recover these gifts...
September 17, 2023
Three FTX Celebrity Pitchmen Settle Investor Lawsuit
Three of FTX’s celebrity backers have settled a lawsuit filed by investors in the failed exchange. As Bloomberg News reported Friday (Sept. 16), Jacksonville Jaguars quarterback Trevor Lawrence and YouTube influencers Kevin Paffrath...
August 23, 2023
BIS: Crypto’s ‘Illusory’ Appeal Puts Emerging Economies at Risk
Have cryptocurrencies achieved their promise? A new Bank for International Settlements (BIS) report argued they haven’t. Cryptocurrency has put emerging market economies (EMEs) at risk, BIS said in the report issued Tuesday (Aug. 22). “Cryptoassets...
August 07, 2023
Revolut Self-Shutters US Crypto Business as Coinbase Moves to Dismiss...
It has been a truly humbling past 12 months for the crypto sector. The alternative value-transfer vehicle, which was supposed to revolutionize the traditional financial system with democratized and trustless...