Crypto company Circle Internet Financial is counting on its $1 billion cash cushion to weather fresh competition from non-crypto companies such as PayPal Holdings. Stablecoins are a...
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...
FTX’s plan for paying back its creditors could leave holders of its FTT coin with nothing. The repayment plan, filed late Monday (July 31) in federal bankruptcy court,...
Silicon Valley venture firm Sequoia Capital has reportedly downsized two major funds due to the downturn in the startup market. In a move reflecting the changes...
The soap opera of Sam Bankman-Fried continues, and the latest developments show the script might be going off the rails. Federal prosecutors petitioned Wednesday (July...
Prosecutors reportedly told a judge Wednesday (July 26) that FTX founder Sam Bankman-Fried’s bail should be revoked and he should be sent to prison until...
Sam Bankman-Fried has reportedly agreed to a gag order banning him from discussing his case in public. The order, which still needs to be approved...
The November 2022 collapse of FTX, one of the largest cryptocurrency exchanges, has sparked an investigation into the company’s finances. The latest development in the...