FTX executives spent $256 million on Bahamas real estate
[ad_1] The Bahamas has more than 700 islands and cays; remote workers and students can live on 16 of them, including Eleuthera (shown here). Sylvain Sonnet | The Image Bank…
$400 billion erased from European tech market in 2022, Atomico says
[ad_1] The Klarna logo displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Europe’s tech industry has lost more than $400 billion in value this…
Tim Draper predicts bitcoin will reach $250,000 despite FTX collapse
[ad_1] Tim Draper, founder of Draper Associates, onstage at the Web Summit 2022 tech conference. Ben McShane | Sportsfile via Getty Images Venture capitalist Tim Draper thinks bitcoin will hit…
European Central Bank says bitcoin is on the ‘road to irrelevance’
[ad_1] The bitcoin logo displayed on a smartphone with euro banknotes in the backgrouund. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank gave a strong critique of…
Binance, others line up bids for bankrupt Voyager after FTX collapse
[ad_1] Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank.…
Wefox CEO ‘disgusted’ by mass tech layoffs: ‘These are humans’
[ad_1] Wefox CEO Julian Teicke. Wefox HELSINKI, Finland — The boss of European digital insurance startup Wefox offered a damning response to tech companies that have laid off workers en masse. The…
Binance creates $1 billion crypto industry fund after FTX collapse
[ad_1] Binance’s Co-founder & CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency following a turbulent couple of weeks in the market. NurPhoto / Contributor / Getty…
Klarna CEO says layoffs timing was ‘lucky,’ eyes 2023 profitability
[ad_1] Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022. Chris Ratcliffe | Bloomberg via Getty Images HELSINKI, Finland — Klarna will…
Collapsed crypto exchange FTX has about $1.24 billion of cash in total — but still owes at least $3.1 billion
[ad_1] In this photo illustration, a bitcoin logo seen displayed on a smartphone with a FTX logo on the background. Avishek Das | Lightrocket | Getty Images FTX’s vast web…
Fintech banking app Dave wants to dispel doubts after 97% stock plunge
[ad_1] Mobile banking app provider Dave has enough cash to survive the current downturn for fintech firms and reach profitability a year from now, according to CEO Jason Wilk. The…
VC firm Sequoia Capital’s Doug Leone on the fallout from FTX collapse
[ad_1] Doug Leone, managing partner at Sequoia Capital LLC, speaks during the Bridge Forum conference in San Francisco, California, U.S., on Wednesday, April 17, 2019. The event brings together leaders…
FTX says could have over 1 million creditors in new bankruptcy filing
[ad_1] FTX logo with crypto coins with 100 Dollar bill are displayed for illustration. FTX has filed for bankruptcy in the US, seeking court protection as it looks for a…
Binance CEO sees slight increase in withdrawals after FTX collapse
[ad_1] Changpeng Zhao, billionaire and chief executive officer of Binance Holdings Ltd., speaks during a session at the Web Summit in Lisbon, Portugal, on Wednesday, Nov. 2, 2022. Zed Jameson…
Goldman Sachs unveils crypto classification system, aimed at institutional investors
[ad_1] A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010. Daniel Acker | Bloomberg…
Consumer protection should be key in digital asset projects
[ad_1] GP: JPMorgan office S3studio | Getty Images News | Getty Images SINGAPORE — Banks have to prioritize consumer protection as they embark on digital asset experiments, said Umar Farooq,…
What Rishi Sunak as PM means for the UK crypto industry
[ad_1] U.K. Prime Minister Rishi Sunak at 10 Downing Street. Dan Kitwood | Getty Images U.K. cryptocurrency firms and investors have high hopes that new prime minister Rishi Sunak could…
JPMorgan Chase unveils payments platform for landlords and tenants
[ad_1] A JPMorgan logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket via Getty Images JPMorgan Chase is betting that landlords and tenants are finally ready to…
Bitcoin volatility has eased but that’s not a bad thing
[ad_1] Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration Dado Ruvic | Reuters Bitcoin’s lack of volatility lately isn’t a bad thing and could…
Upgrade offers 3.5% APY as deposits battle heats up
[ad_1] Upgrade CEO Renaud Laplanche speaks at a conference in Brooklyn, New York, in 2018. Alex Flynn | Bloomberg via Getty Images Credit card startup Upgrade is releasing a new…
Buffett-backed digital bank Nubank to launch its own cryptocurrency
[ad_1] Jakub Porzycki | NurPhoto | Getty Images The Brazilian digital banking startup Nubank will launch its own cryptocurrency in the country next year, marking the latest move into digital…
JPMorgan Chase gives early payday deposits to Secure Banking customers
[ad_1] Signage outside a Chase bank branch in San Francisco, California, on Monday, July 12, 2021. David Paul Morris | Bloomberg | Getty Images JPMorgan Chase is giving some customers…
Digital bank N26 launches crypto trading service amid bear market
[ad_1] N26 Crypto will let users buy and sell 100 tokens including bitcoin and ether. N26 European digital bank N26 announced Thursday it is launching a crypto trading service, starting…
N26 losses widen after ramping up spending on fraud controls
[ad_1] The logo of German online bank N26 displayed on a smartphone. Thomas Trutschel | Photothek via Getty Images German mobile bank N26 reported Tuesday a sharp rise in annual…
$570 million worth of Binance’s BNB token stolen in another major crypto hack
[ad_1] Cryptocurrency exchange Binance temporarily suspended its blockchain network after hackers made off with around $570 million worth of its BNB token. Binance said late Thursday a cross-chain bridge linking…
Bankrupt crypto lender Voyager to sell assets to Sam Bankman-Fried’s FTX
[ad_1] Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US,…