The full extent of the fallout on the crypto industry from the collapse of Sam Bankman-Fried's FTX was yet to come out, Coinbase Global Inc Chief Financial Officer Alesia Haas told the Wall Street Journal on Wednesday.
Coinbase Chief Financial Officer Alesia Haas smiles during the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S., October 18, 2021. REUTERS/David Swanson
Nov 16 - The full extent of the fallout on the crypto industry from the collapse of Sam Bankman-Fried's FTX was yet to come out, Coinbase Global Inc"What we are seeing now is a fallout of FTX is becoming much more like the 2008 financial crisis where it's exposing poor credit practices and is exposing poor risk management," Haas told the WSJ in an interview.
in the United States on Friday in the highest-profile crypto blowup to date, after traders pulled billions from the platform in three days and rival exchange Binance abandoned a rescue deal. The collapse has fanned fears about the future of the crypto industry after FTX outlined a "severe liquidity crisis". Since then regulators have opened investigations and lawmakers have called for clearer rules on how the industry operates.Coinbase, which many believe is poised to gain market share from FTX's collapse, recently underwent aCryptocurrencies have been roiled as higher interest rates and worries of an economic downturn force investors to dump risky assets.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
TSM FTX drops FTXFTX had signed a huge sponsorship deal with TSM.
Baca lebih lajut »
FTX downfall was a turning point for citizen journalism: Coinbase CEOThe CEO of cryptocurrency exchange Coinbase, Brian Armstrong, accused the New York Times of writing “puff pieces” on former FTX CEO Sam Bankman-Fried and suggests the FTX story has been a turning point for citizen journalism as it has mostly played out on Twitter.
Baca lebih lajut »
The Fall of Crypto's Golden Boy - The Journal. - WSJ PodcastsUntil last week, FTX founder Sam Bankman-Fried was the face of crypto. Admirers saw him as an approachable, friendly billionaire eager to deploy his wealth for good. Then his crypto empire imploded, leaving hundreds of thousands of investors’ assets in doubt. WSJ’s Greg Zuckerman profiles the man behind FTX. Further Reading: -How FTX’s Sam Bankman-Fried Went From Crypto Golden Boy to Villain -FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall -Alameda, FTX Executives Are Said to Have Known FTX Was Using Customer Funds -FTX’s Collapse Leaves Employees Sick With Anger Further Listening: -How Crypto Giant FTX Suddenly Imploded
Baca lebih lajut »
What FTX's Collapse Means for CoinbaseShares of Coinbase skyrocketed over the past week since rival crypto exchange FTX filed for bankruptcy. Cathie Wood's ARK Investment Management ETF bought 238,000 more shares worth roughly $12.1 million. Oppenheimer Senior Analyst Owen Lau discusses the FTX collapse and whether it could be a positive development for Coinbase.
Baca lebih lajut »
First Mover Americas: FTX Fallout Reverberates Across Crypto-LandGold-backed cryptocurrencies like $PAXG and $XAUT have gained in price over the past seven days. It's a contrast to the sharp declines of most cryptos post-FTX_Official.
Baca lebih lajut »
Tom Brady, Larry David and other celebrities named in FTX lawsuitClass-action lawsuit alleges that the crypto platform FTX and former CEO Sam Bankman-Fried violated Florida law, misled customers and cost investors billions of dollars in damages.
Baca lebih lajut »