FTX is seeking a path to buy Robinhood
Sam Bankman-Fried’s FTX crypto exchange is exploring whether it might be able to acquire Robinhood Markets Inc., according to people with knowledge of the matter. FTX is deliberating internally how to...
View ArticleFintech Bytes: Crypto collapses, Envestnet eyes custody business, SEI adds UMAs
Boy, crypto sure had a tough week, huh? The drama began brewing over the weekend when Changpeng Zhao, CEO of cryptocurrency exchange Binance, announced he would sell his holdings of FTT, the native...
View ArticleFTX collapse fails to derail investments into crypto funds
The spectacular collapse of FTX, the world’s second-largest cryptocurrency exchange is shedding fresh light on the expansive list of exchange-traded products offering exposure to digital currencies,...
View ArticleCrypto space braces for double-edged sword of regulatory oversight in FTX’s wake
If there’s a silver lining to the abrupt implosion of the FTX cryptocurrency exchange, it might be the U.S. regulators will start to step up their game by providing more clarity and direction to the...
View ArticleLawmakers, Finra increase scrutiny of cryptocurrency
Washington is looking more closely at cryptocurrency and potential investor harm in the wake of the recent collapse of the FTX cryptocurrency exchange. The House Financial Services Committee announced...
View ArticleFTX downfall damaging case for crypto in retirement accounts as Sen. Warren...
Is this the end of the line for crypto in retirement accounts? After starting the year with high expectations, 2022 has evolved into an “annus horribilis” (to borrow a phrase from the late Queen...
View ArticleFintech challenged by market forces
Every December, InvestmentNews looks back at the most important developments of the previous 12 months. From ETFs to ESG to TINA, we’ve got all the acronyms covered — and a whole lot more. For the...
View ArticleTa-ta, TINA! The year in retirement investing
Every December, InvestmentNews looks back at the most important developments of the previous 12 months. From ETFs to ESG to TINA, we’ve got all the acronyms covered — and a whole lot more. Farewell,...
View ArticleHad a bad year? It could’ve been worse
By most measures, 2022 won’t go down as a great 12 months for investors or for the advisers guiding their finances. While not quite an “annus horribilis” on the order of 1929 or 2008, the year was...
View ArticleCrypto investors had their funds frozen. Now they may have to pay taxes
Roman Smolkin thought things couldn’t get any worse after his account with bankrupt crypto lender Celsius Network was frozen, trapping more than $200,000 of assets. Then came the tax bill. The...
View ArticleFTX draft bankruptcy plan could see cash for creditors
FTX Group unveiled a draft creditor-repayment plan as part of its bankruptcy that calls for settling customer claims in cash and wiping out its digital token FTT. The plan — which FTX expects to...
View ArticleFormer CEO of failed crypto exchange FTX in custody
FTX co-founder Sam Bankman-Fried is in custody after a federal judge said that the embattled crypto mogul likely tried to tamper with two witnesses while on bail. US District Judge Lewis A. Kaplan...
View ArticleCrypto market facing post-FTX wake-up call
Market making in digital tokens used to be a font of outsized profitability. The picture today is very different as costs jump and investors avoid a crypto sector scarred by a $2 trillion rout. The...
View ArticleFormer FTX executive pleads guilty to criminal charges
Former FTX executive Ryan Salame pleaded guilty to criminal charges stemming from the collapse of the cryptocurrency exchange. Salame, who was the co-chief executive of FTX’s Bahamas subsidiary before...
View ArticleFTX co-founder admits multibillion-dollar fraud
FTX co-founder Gary Wang said he and Sam Bankman-Fried committed a multibillion-dollar fraud with customer funds that led to the cryptocurrency exchange’s collapse, shortly after taking the stand...
View ArticleWhat next for crypto as FTX founder is jailed?
Sam Bankman-Fried’s conviction for a huge fraud at the FTX exchange raises a deceptively simple question: what next for crypto? The former billionaire was a vocal champion of the industry but now...
View ArticleThe curious case of FTX and bitcoin’s surge
Sam Bankman-Fried, the founder of fraud-ridden cryptocurrency exchange FTX, presented himself as an altruistic, unkempt genius who found himself unwittingly out of his depth. The jury, however,...
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Bitcoin is having a moment
There’s hardly been a quiet year for bitcoin since its inception, but 2023 has been a standout: The price of the digital asset has more than doubled, the U.S. is on the cusp of having spot-price...
View ArticleCould FTX investors finally get some money back?
FTX Trading Ltd. unveiled its latest proposal for returning billions of dollars to customers and creditors, kicking off a final round of potential squabbles about how best to end the bankruptcy case...
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