Page 145 - Celsius Network News Today

The crisis sparked by the collapse of Sam Bankman-Fried's FTX crypto empire ensnared BlockFi, a troubled digital-asset lender once worth $3 billion but which has now limited activity on its platform.

The announcement capped a stunning week that has shocked the crypto industry.

​​​​​​​In an unwelcome reminder of the events that unfolded in the wake of the May 2022 crypto market collapse, Bahamian-based crypto exchange FTX is reportedly on the brink of collapse...

The Ontario Teachers' Pension Plan says the $95 million it invested in FTX Trading and FTX US only represents 0.05% of its total net assets.

The crypto industry is known for dramatic twists, rollercoaster prices and fortunes that appear and disappear overnight. But even by crypto standards, what happened this week was bonkers.

FTX was not a small firm operating on the edge of the market but enjoyed the backing of key sections of finance capital, including major venture capital firms and even the Ontario Teachers Pension Plan.

FTX CEO Sam Bankman-Fried told investors that his firm has an $8 billion hole in its balance sheet and additional capital needed.

(Reuters) - Crypto exchange Coinbase Global Inc cut over 60 jobs in its recruiting and institutional onboarding teams, a spokesperson said on Thursday...

Turmoil at the FTX exchange, founded by former multibillionaire Samuel Bankman-Fried, has sparked another run on bitcoin.

Today's Water Cooler