The companies that helped create 2022’s crypto collapse

FTX stands apart because, unlike Voyager and Celsius, it is the first major cryptocurrency exchange to topple. Founded in 2019, FTX evolved into a marketplace where, in addition to cryptocurrencies, retail investors could trade cryptocurrency derivatives — complex financial instruments used to make bets on price swings. The company also offered accounts that promised high … Read more

This Week on Crypto Twitter: Sam Bankman-Fried Won’t Stop Talking, Coinbase Challenges Apple

Illustration by Mitchell Preffer for Decrypt It was a slow news week in the industry, perhaps a cooling-off period after the overheated cycle both during and after FTX’s demise. There were still stories of the contagion spreading—most notably lender BlockFi, which on Monday announced it was filing for bankruptcy—but the general atmosphere on crypto Twitter … Read more

Crypto Experts Are Loading Up on These 4 Altcoins While They’re Still Cheap – Here’s Why

Top cryptocurrency news today includes Huobi’s HT token price jump, Justin Sun’s involvement in the first nation-backed cryptocurrency, and a slight rally in the cryptocurrency markets. At the same time as the wider markets rally, some crypto pre-sales are gaining huge attention from investors as well, raising millions of dollars even in overall tepid market … Read more

Crypto industry ponders what’s next after NY moratorium

Gov. Kathy Hochul wants the crypto-based industry to flourish in New York, but she said Monday it can’t come at the expense of the environment. “I have said I support the crypto industry,” Hochul said Monday. “It does not mean they have to be using our limited resources here in upstate New York to do … Read more

Taking down crypto influencers is one step that would help to heal the market

However, the crypto space is notoriously fickle, and the collapse of eleven-established companies such as Celsius and FTX are stark examples of how people can lose billions of dollars in crypto assets almost overnight. For this reason, celebrity influencers should be thoroughly educated on a crypto product before promoting it. With so much at stake, … Read more