exchange

To Halt Yen’s Plunge, Japan Gets Ready to Sell Foreign Exchange Reserves Instead of Hiking Interest Rates. Won’t Work for Long. Markets Can Win this Battle

To Halt Yen’s Plunge, Japan Gets Ready to Sell Foreign Exchange Reserves Instead of Hiking Interest Rates. Won’t Work for Long. Markets Can Win this Battle

Rate hikes to keep up with the Fed would work. But the Bank of Japan still digs in its heels. Its balance sheet has shrunk for months though. By Wolf Richter for WOLF STREET. The Bank of Japan is now getting serious about propping up the yen with direct market intervention, after jawboning by the government and by …

To Halt Yen’s Plunge, Japan Gets Ready to Sell Foreign Exchange Reserves Instead of Hiking Interest Rates. Won’t Work for Long. Markets Can Win this Battle Read More »

GameStop reports wider loss, announces partnership with crypto exchange FTX

GameStop reports wider loss, announces partnership with crypto exchange FTX

SAN RAFAEL, CALIFORNIA – DECEMBER 08: Customers enter a GameStop store on December 08, 2021 in San Rafael, California. Video game retailer GameStop will report third quarter earnings today after the closing bell. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | Getty Images GameStop said Wednesday that quarterly sales declined and …

GameStop reports wider loss, announces partnership with crypto exchange FTX Read More »

Coinbase CEO says crypto exchange has ongoing plans to cut costs and is actively engaged with regulators

Coinbase CEO says crypto exchange has ongoing plans to cut costs and is actively engaged with regulators

As crypto exchange Coinbase faces industry challenges and economic headwinds, the company is taking a close look at where it can cut costs, CEO Brian Armstrong told CNBC’s Kate Rooney. Coinbase shares have lost more than 70% of their value this year as the company has grappled with a “crypto winter” tied to the plummeting …

Coinbase CEO says crypto exchange has ongoing plans to cut costs and is actively engaged with regulators Read More »

$248M stablecoins flow out of Coinbase as community refutes exchange liquidity issues

$248M stablecoins flow out of Coinbase as community refutes exchange liquidity issues

Rumors surfaced Friday night that Coinbase could face liquidity issues following leaked emails stating that it would suspend its affiliate program. Business Insider reported that they received emails stating; “This has not been an easy decision, nor was it made lightly, but, due to crypto market conditions and the outlook for the remainder of 2022, …

$248M stablecoins flow out of Coinbase as community refutes exchange liquidity issues Read More »

Crypto exchange FTX has ‘a few billion’ to support industry, Bankman-Fried says

Crypto exchange FTX has ‘a few billion’ to support industry, Bankman-Fried says

Sam Bankman-Fried speaks onstage during the first annual Moonlight Gala benefitting CARE – Children With Special Needs at Casa Cipriani on June 23, 2022 in New York City. Craig Barritt | Getty Images Sam Bankman-Fried, head of one of the largest cryptocurrency exchanges, FTX, said he and his company still have a “few billion” on …

Crypto exchange FTX has ‘a few billion’ to support industry, Bankman-Fried says Read More »

Crypto exchange CoinFlex probably won't resume withdrawals Thursday as planned, says CEO

Crypto exchange CoinFlex probably won’t resume withdrawals Thursday as planned, says CEO

Bitcoin and and other cryptocurrencies are in free fall. Dan Kitwood | Getty Images Embattled cryptocurrency exchange CoinFlex will probably not be able to let customers withdraw money again on Thursday as it originally planned, CEO Mark Lamb said on Wednesday. “We will need more time. And it’s unlikely that withdrawals will be re-enabled tomorrow,” …

Crypto exchange CoinFlex probably won’t resume withdrawals Thursday as planned, says CEO Read More »

Crypto exchange CoinFlex is raising $47 million through a new coin after a major investor fails to pay debt

Crypto exchange CoinFlex is raising $47 million through a new coin after a major investor fails to pay debt

A cryptocurrency price crash and the onset of a new so-called “crypto winter” has left many companies in the industry facing a liquidity crisis. Artur Widak | Nurphoto | Getty Images Cryptocurrency exchange CoinFlex on Tuesday issued a new token to raise funds in a bid to restart withdrawals for its customers, after one client …

Crypto exchange CoinFlex is raising $47 million through a new coin after a major investor fails to pay debt Read More »

Crypto exchange FTX in talks to acquire stake in BlockFi

Crypto exchange FTX in talks to acquire stake in BlockFi

 Coin Stories podcast host Natalie Brunell provides insight on investing in Bitcoin cryptocurrency on ‘Making Money with Charles Payne.’ Crypto billionaire Sam Bankman -Fried has become a lender of last resort to his beleaguered industry. He may end up owning large chunks of it as well. Mr. Bankman-Fried’s crypto exchange, FTX, is in talks to …

Crypto exchange FTX in talks to acquire stake in BlockFi Read More »

Crypto exchange FTX bails out lending platform BlockFi

Crypto exchange FTX bails out lending platform BlockFi

Sam Bankman-Fried has bolstered the stumbling $900bn crypto industry with his second bailout of a struggling digital assets firm in as many weeks. The 30-year-old chief executive of crypto trading platform FTX has extended a $250mn loan to BlockFi, he announced on Tuesday. Just last week, he also helped crypto broker Voyager Digital to pull …

Crypto exchange FTX bails out lending platform BlockFi Read More »