Crypto lost the battle to be an alternative to fiat money after FTX collapse, top economist says

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  • Agustin Carstens, the head of the Bank for International Settlements, said crypto is not a replacement for fiat currencies.

FTX's collapse wiped out $200 billion in the total value of the cryptocurrency market, and it hit retail investors in emerging economies the hardest

Tech Insider : Crypto
A skier wearing a blue ski suit, helmet, and goggles falls flat in the snow, with a ski and pole left behind.
A tumultuous so-called crypto winter hit retail investors the hardest, according to a new report.

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The SEC's crypto crackdown is escalating as it goes after the Winklevoss twins' firm over 'unregistered securities.' Here's what they are.

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Gary Gensler SEC Chair Securities and Exchange Commission
Gary Gensler became chair of the SEC in April.

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US stocks slip as investors digest hawkish Fed comments on future rate hikes

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US stock market traders
Friday's inflation print shocked investors.

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SEC steps up its crypto crackdown with proposed tough rules that could block investment advisors from holding such assets

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SEC Chair Gary Gensler
Gensler signaled this year that the SEC should modernize its rules regulating fixed income markets. markets.

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Celsius customer received $67,000 tax bill for funds lost in crypto lender's bankruptcy, report says

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Celsius Network.

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Binance expects to pay a fine to get regulators off its back after Kraken stumped up $30 million for just that

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Binance

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Drake scooped up a $512,000 profit in bitcoin after betting on the Kansas City Chiefs to win the Super Bowl

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Drake attends the LA Premiere Of HBO's
Drake has a partnership with Stake, allowing him to bet bitcoins.

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FTX's former regulatory chief was at the center one of the largest online poker cheating scandals ever and a donor to George Santos' campaign

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FTX

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Cathie Wood's Ark Invest snatches up $9.2 million of Coinbase stock after the crypto exchange's massive January rally

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Cathie Wood
Cathie Wood speaks on a panel at Miami's Bitcoin 2022 conference.

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